Golden Growth Fund Closes Maiden AIF With ₹101 Crore AUM as NAV Surges 61%
New Delhi, June 24, 2026: Golden Growth Fund (GGF) on Tuesday announced the final close of its maiden Alternative Investment Fund (AIF) with an Asset Under Management (AUM) of ₹101 crore. The fund is a category II real estate-focused AIF that specifically invests in the prime South Delhi market. Launched in September 2024, the fund has seen its NAV rise to 160.9, representing a growth of 61% as of March 2026. Since its inception, the fund has successfully delivered an annualized internal rate of return (IRR) of 47%, Golden Growth Fund said in a press release.
Aligned with its mandate to unlock the real estate potential of some of India’s poshest colonies, GGF has strategically deployed capital across three high-growth locations in South Delhi: Anand Niketan, Neeti Bagh, and Gulmohar Park. The Anand Niketan project is nearly 80% complete with an expected delivery timeline in Q3 FY2026-27, while the Neeti Bagh project is currently 20% complete and slated for delivery in Q3 FY2027-28. The third project, located in Gulmohar Park, was recently acquired and construction is already underway. Listed real estate developer Grovy India Ltd, which boasts a portfolio of more than 150 completed projects, is serving as the development partner for all three projects.
According to the fund’s latest report, the South Delhi market has continued to outperform other regions, witnessing up to 32% year-on-year growth in the price of luxury floors during the first quarter of 2026. The report highlights that Category B colonies outperformed Category A colonies in price growth in Q1 2026, with the former growing between 23% and 32% as against 14% to 22% in the latter. In value terms, however, the price of floors in Category A colonies ranges between ₹19.5 crore and ₹40 crore, while floor prices in Category B colonies range between ₹10.65 crore and ₹16.5 crore.
The Municipal Corporation of Delhi (MCD) divides all Delhi colonies into eight structural categories ranging from A to H, which form the basis for circle rates, property tax rates, and stamp duty charges during property registration. Some of these highly sought-after Category A and B colonies include Mayfair Garden, Panchsheel Park, Sadhana Enclave, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chanakyapuri, Golf Links, Jor Bagh, Sundar Nagar, Maharani Bagh, Chirag Enclave, Greater Kailash, Green Park, Gulmohar Park, and Neeti Bagh.
Ankur Jalan, CEO of Golden Growth Fund, emphasized the significance of this milestone for the firm. “The final close of our maiden fund marks an important milestone for Golden Growth Fund. It reflects growing investor confidence in institutional real estate investments and our ability to identify compelling opportunities in the sector. We will continue to focus on deploying capital prudently to generate superior risk-adjusted returns. With South Delhi real estate market witnessing strong demand, the role of AIFs will be key to ensuring adequate funding for the next growth cycle of South Delhi.”
Looking ahead at their unique position within the region’s premium property sector, Jalan further noted the distinct competitive edge the firm holds over other players. “GGF is the only fund that is focussed on South Delhi real estate market and that gives us the first-mover advantage in this vast landscape of South and Lutyens Delhi,” Jalan added.
