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In the prestigious corridors of South Delhi, where colonial-era bungalows stand as silent witnesses to India's evolving real estate narrative, a significant investment story is unfolding. The Golden Growth Fund, a Category II Alternative Investment Fund (AIF) with laser-sharp focus on South Delhi's premium real estate market, has joined forces with Grovy India, a BSE-listed real estate company, to orchestrate a ₹180 crore investment across three strategic projects in one of India's most coveted residential markets.
The story begins in the heart of South Delhi's most exclusive neighborhoods—Anand Niketan and Neeti Bagh—where discerning buyers seek not just homes but lifestyle statements that reflect their aspirations and achievements. The cumulative area of these three ambitious projects spans approximately 70,000 square feet, with a combined sales potential reaching ₹240 crore.
The development strategy unfolds with military precision. Construction on the Anand Niketan project commenced in January 2025, marking the beginning of what promises to be a transformative journey for these prime locations. The Neeti Bagh project is scheduled to begin construction next month, while a third project in another Category A colony in South Delhi is expected to materialize within the next four months.
Ankur Jalan, CEO of Golden Growth Fund, articulates the strategic vision: "These investments in South Delhi reiterates our commitment to developing and delivering not just high-quality projects but also ensure a safe and stable 20%+ IRR to our investors."
The non-volatile nature of the South Delhi real estate market has led to increased investment with discerning buyers looking to invest in upscale neighbourhood with homes that offer state-of-the-art amenities and privacy. Excellent connectivity to Indira Gandhi International Airport and prime office destinations in Delhi-NCR make it a lucrative destination.
South Delhi contains approximately 18,500 privately owned residential plots, categorized by the Municipal Corporation of Delhi (MCD), with a current market value of ₹5.65 lakh crore.
Golden Growth Fund launched its real estate-focused AIF in September 2024 with an ambitious commitment to raise ₹400 crore specifically for acquiring land in South and Lutyens Delhi. Grovy India Limited, established in 1985, brings four decades of experience with over 100 luxury projects delivered in South Delhi.
The Golden Growth Fund and Grovy India partnership represents more than just a ₹180 crore investment—it embodies a vision of how sophisticated capital can unlock value in India's most prestigious residential market while delivering promised returns to investors.
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