New Delhi, Delhi, 30th of March 2026 : Golden Growth Fund (GGF), a category II real estate focused Alternative Investment Fund (AIF) designed for South Delhi, today announced the acquisition of a prime land parcel at Gulmohar Park in South Delhi. The company plans to develop ultra-luxury independent floors on this land parcel with estimated revenue potential of approx. Rs 100 crore, further strengthening its presence in the posh and end-use driven South Delhi market.
This is the Fund’s third acquisition in South Delhi since its launch in September 2024 after Anand Niketan and Neeti Bagh where construction is on in full swing.
Gulmohar Park is one of South Delhi’s most serene, green and elite residential area. It is strategically located – in the midst of reputed neighbourhoods, accessible to world-class schools & hospitals, and seamless connectivity to the airport and commercial hubs in South Delhi, Gurugram and Noida.
Ankur Jalan, CEO, Golden Growth Fund (GGF) said, “This acquisition in Gulmohar Park aligns with the Fund’s mandate to unlock the real estate potential of one of India’s poshest colonies in South Delhi. We remain steadfast in our commitment to expand presence here with strategic acquisitions. Gulmohar Park is one of the most sought-after colonies, known for its green, serene surroundings and well-established community. Luxury floors in the area have witnessed nearly 20% price appreciation over the past year, making redevelopment an increasingly attractive option for homeowners. Enhanced FAR norms are enabling larger, more efficient living spaces along with the integration of modern amenities. As a result, landowners are not only upgrading to bigger homes for self-use but are also leveraging redevelopment opportunities to generate higher rental income.”
The project is being developed on a 500 sq. yd. corner plot with a total built-up area of approximately 20,000 sq. ft., utilising an FAR of 2.25, and will include ample parking spaces.
The project will feature four exclusive luxury residences, one on each floor, each spanning approximately 3,500 sq. ft. Designed for premium living, the units will offer state-of-the-art amenities, advanced security systems, world-class fittings, and thoughtfully planned spaces that balance privacy, exclusivity, and family living.
The project will be developed by Grovy India Ltd; a listed real estate developer, which has completed more than 120 projects since inception in 1985.
Golden Growth Fund launched a real estate focussed AIF in September 2024 with a commitment to invest in South and Lutyens Delhi, making it the only fund to invest in this end-user, niche and lucrative real estate market.
“This AIF has seen a stupendous growth registering 28% IRR as on December 31, 2025. Professional management drives strategic planning and market insights, resulting in consistent income generation and long-term capital appreciation,” Jalan added.
South Delhi Market scenario:
The Municipal Corporation of Delhi (MCD) has divided all colonies of Delhi under eight categories – A, B, C, D, E, F, G & H. Circle rates, Property Tax rates and Stamp Duty charges for Property Registration are based on these categories.
· Approximately 18,500 plots are available across the 42 Cat A and B colonies in South Delhi.
· The redevelopment potential of these colonies stands at Rs 6.5 lakh crore presenting a huge opportunity for project development.
· Some of the Category-A and B colonies are Mayfair Garden, Panchsheel Park N Block, Panchsheel Park S & E Blocks, Sadhana Enclave, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chankyapuri, Golf Links, Jor Bagh, Sundar Nagar, Maharani Bagh, Chirag enclave, GK, Green Park, Gulmohar Park, Niti Bagh etc.
Price of Luxury Floors Trend:
The average price of independent floors rose between 25-34% in Category-A South Delhi colonies in 2025.
· For a 2500 sq. ft. floor in Category A colony, the average price has risen from Rs 10-19 crore in 2024 to Rs 14-25 crore in 2025. Similarly for a 6000 sq. ft. floor, the price has risen from Rs 19-45 crore in 2024 to Rs 25-55 crore in 2025.
· Similarly, the average price of independent floors in Category-B South Delhi colonies rose between 22-26%. For a 2500 sq. ft. floor, the price has risen from Rs 7-10 crore in 2024 to Rs 9-12.5 crore in 2025. For a 3200 sq. ft. floor, the prices have risen from Rs 11-16 crore in 2024 to Rs 14-19 crore in 2025.
About Golden Growth Fund (GGF): Golden Growth Fund is a category II Real Estate focussed Alternative Investment Fund (AIF), a unique financial vehicle specifically designed for real estate investments in South & Lutyens’ Delhi, India’s poshest colonies.
GGF pools capital from multiple investors to acquire a diversified portfolio of real estate assets minimizing risks while maximizing potential returns. With a much shorter gestation period of 1.5 years, it allows investors to participate in the upscale and affluent neighbourhood with thriving commercial hubs, robust amenities and infrastructure of South and Lutyens’ Delhi.
The professional management drives strategic planning and market insights, resulting in consistent income generation and long-term capital appreciation while the regulatory oversight by SEBI ensures security of investment, transparency, compliance and accountability.
About The Author
More Stories
From Fibers To Future-Tech: CMAI’s Sixth FAB Show 2026 In Mumbai Will Digitize India’s Garment Supply Chain.
Yamaha Hosts First-Ever ‘Mega Mileage Challenge’ In Bangalore.
Loyal-Tea By Marriott Bonvoy Gives Three Million Points To Three Lucky Members In India, Japan And Korea.