Grovy India Expands South Delhi Real Estate Pipeline to 1.89 Lakh Square Feet Across Developments

New Delhi, November 24, 2025: Grovy India Ltd., a BSE listed South Delhi headquartered real estate company, has expanded its development pipeline to a substantial 1,89,000 square feet, covering both ongoing projects and upcoming ventures across the South Delhi market

This comprises 1,42,000 square feet of ongoing projects and 47,000 square feet of projects in pipeline across South Delhi, the company said in its Q2 FY26 investor presentation.

Grovy India Ltd., a Real Estate Development and Consultancy Company established in the year 1985, has completed more than 100 projects. The company recorded 1,180 per cent increase in net profit at INR 37.63 lakh in Q2 FY26 as compared to INR 2.49 lakh in the same period last year. The total revenues jumped by 1,142 per cent to INR 1,552.87 lakh.

Grovy India CEO Nishit Jalan said, “The strong growth underscores our commitment to delivering high-quality spaces while meeting the rising demand of luxury independent floors in South Delhi. With a balanced mix of active and planned developments, we are poised to enhance our portfolio, create long-term value, and reinforce our reputation for consistent execution and innovation.”

Like global metropolises, the price of independent floors in South Delhi has seen a consistent increase owing to higher demand amidst limited supply. According to a report by Golden Growth Fund (GGF), a Category-II real estate focussed Alternative Investment Fund (AIF), a surge in redevelopment activity, growing preference for luxury housing and renewed buyer confidence in the Delhi real estate market have pushed up average price of independent floors in South Delhi between 12-17 per cent across Category A and B colonies in the third quarter of 2025.

As a result, local inhabitants have been looking to monetise their land or redevelop it with better FSI utilization in order to lift the capital value and rental income.

“South Delhi scores over other micro markets in factors like consistent demand, reliable and safe investment, good return on investment, robust infrastructure and connectivity to employment and entertainment hubs,” Jalan added.