NEW DELHI: The Golden Growth Fund (GGF), a Category II real estate-focused alternative investment fund, has secured a land parcel in South Delhi’s Gulmohar Park for a residential project with an expected revenue potential of approximately ₹100 crore.
The project will be constructed on a 500 sq yd site, offering a total built-up area of around 20,000 sq ft, which will include four independent floors. Grovy India will oversee the development.
This marks the fund’s third acquisition in South Delhi since its inception in September 2024, following investments in Anand Niketan and Neeti Bagh.
The acquisition aligns with the rising redevelopment activities in South Delhi’s upscale neighborhoods, such as Gulmohar Park, Greater Kailash, Vasant Vihar, and Panchsheel Park, due to limited land availability and ongoing demand for independent luxury floors.
