Golden Growth Fund (GGF), a leading Category 2 Alternate Investment Fund (AIF) has started construction for its new luxury residential project in Anand Niketan, South Delhi. This development in partnership with Grovy India will enhance luxury living in this exclusive neighbourhood of the city.

The project involves redeveloping prime land into an ultra-luxury residential complex, featuring four expansive dwelling units across approx. 17,000 sq. ft. This project is expected to generate potential sales of Rs 65 crore. 

Golden Growth Fund is strategically targeting high-value areas, focusing on acquiring and redeveloping prime land parcels to meet demand for upscale living spaces. This initiative is a key part of GGF’s broader strategy to acquire and develop premium land parcels in South Delhi into exceptional residential properties, which meet the highest standards of luxury and comfort.

Recently, GGF secured Rs 25 crore in the first closing of the fund for this project. Additionally, the fund has launched a new Rs 400 crore commitment, with Rs 40 crore already received, and the remaining funds are expected to close within the next 18 months. The fund’s focus on South and Lutyens Delhi enables it to offer tailored investment solutions in real estate, which will help investors to diversify their portfolios and maximise returns.