Golden Growth Fund Expands South Delhi Portfolio with Gulmohar Park Acquisition; Projects ₹100 Crore Revenue

New Delhi, March 30, 2026: Golden Growth Fund (GGF), a Category II real estate-focused Alternative Investment Fund (AIF), announced the strategic acquisition of a prime land parcel in South Delhi’s Gulmohar Park neighborhood on Monday, March 30, 2026. The fund plans to develop a boutique complex of ultra-luxury independent floors with an estimated revenue potential of approximately ₹100 crore. This marks the third major acquisition for the fund since its inception in September 2024, following active projects in Anand Niketan and Neeti Bagh, the company said in a press statement.

The upcoming development is situated on a 500-square-yard corner plot and will feature a total built-up area of approximately 20,000 square feet. Utilizing a Floor Area Ratio (FAR) of 2.25, the project is designed to house four exclusive residences—one per floor—each spanning roughly 3,500 square feet. The units are slated to offer state-of-the-art amenities, advanced security, and world-class fittings, catering to the high demand for privacy and exclusivity in one of the capital’s greenest residential hubs.

Ankur Jalan, CEO of Golden Growth Fund (GGF), highlighted the strategic reasoning behind the move, noting that Gulmohar Park is one of the most sought-after colonies known for its serene surroundings and well-established community. 

He stated, “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. We remain steadfast in our commitment to expand presence here with strategic acquisitions. Luxury floors in the area have witnessed nearly 20% price appreciation over the past year, making redevelopment an increasingly attractive option for homeowners.”

The project will be executed by Grovy India Ltd, a listed real estate developer with a track record of over 120 completed projects. The partnership aims to capitalize on enhanced FAR norms that allow for larger, more efficient living spaces. Jalan further explained the market shift, adding, “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.”

The acquisition comes amid a period of robust performance for the fund, which remains the only AIF specifically targeting the niche South and Lutyens Delhi markets. According to fund data, the AIF has registered a 28% Internal Rate of Return (IRR) as of December 31, 2025. Commenting on the financial trajectory, Mr. Jalan noted, “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.”

The broader South Delhi market continues to show significant upward momentum, particularly in Category-A and B colonies. Recent market data indicates that the average price of independent floors in Category-A colonies rose by 25–34% in 2025, with large-format floors of 6,000 square feet now commanding prices up to ₹55 crore. With an estimated ₹6.5 lakh crore in redevelopment potential across 18,500 plots in South Delhi, GGF’s latest venture underscores a growing trend of institutional investment in high-end residential redevelopment.

Home Page