Golden Growth Fund (GGF), a Category-II Alternative Investment Fund (AIF) focused on real estate, has announced the acquisition of a premium land parcel in Neeti Bagh area in South Delhi.

The fund, targeting high-net-worth and ultra-high-net-worth individuals (HNIs/UHNIs), plans to develop boutique luxury residences on the site, with projected revenue of Rs 100 crore from the project.

GGF launched its real estate-focused AIF in September 2024 with a goal to raise Rs 400 crore for acquiring high-value land in South and Lutyens Delhi. This marks its second acquisition following a land purchase in Anand Niketan in October 2024. The Neeti Bagh land parcel spans approx. 7,560 sq. ft. and will feature just four ultra-luxury boutique residences in a basement + elevated ground + four-storey configuration.

Each apartment, around 6,000 sq. ft. in size, will offer amenities like a private swimming pool, steam and sauna rooms, jacuzzi, landscaped areas, designer fittings, and premium Italian flooring, delivering a combination of exclusivity and sophisticated living. South Delhi comprises around 18,500 privately-owned residential plots across Category A, B, C, and other classifications under the Municipal Corporation of Delhi (MCD).