Golden Growth Fund acquires Gulmohar Park plot with a revenue potential of Rs 100 crore

Golden Growth Fund (GGF), a category II real estate focused Alternative Investment Fund (AIF) for South Delhi, has acquired a plot at Gulmohar Park in South Delhi.

The company plans to develop ultra-luxury independent floors on this land parcel with estimated revenue potential of Rs 100 crore.

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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 ongoing.

“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. Gulmohar Park is one of the most sought-after colonies, known for its green, serene surroundings and well-established community,” said Ankur Jalan, CEO, Golden Growth Fund (GGF).

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,” Jalan said.

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.

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The project will feature four exclusive luxury residences, one on each floor, each spanning approximately 3,500 sq. ft.

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 said.

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.