Golden Growth Fund Secures Rs 25 Crore in First Funding Round

New Delhi, September 10, 2024: Golden Growth Fund (GGF), a Category 2 Alternate Investment Fund (AIF), has successfully secured Rs 25 crore in its first funding round, which concluded in mid-August. This initial capital infusion will be used to acquire a prime land parcel in South Delhi, marking a significant milestone for GGF. The acquisition is the first project under GGF’s strategic plan to develop high-end residential properties in the region, further supported by Grovy India Limited, which has completed over 100 real estate developments in Delhi, a statement from Golden Growth Fund said. 

Ankur Jalan, CEO of Golden Growth Fund, stated, “This first closing of the fund is a significant step forward in our mission to transform the luxury real estate landscape in Delhi. Our commitment to acquiring and developing premium land parcels in South Delhi is now being realized, and we anticipate that our ongoing funding efforts will further solidify our position as a leader in the market.”

Golden Growth Fund focuses exclusively on real estate opportunities in the Delhi region, particularly in South and Lutyens’ Delhi. As a Category 2 AIF, GGF operates under the regulatory oversight of SEBI. Also, Golden Growth Fund focuses on brownfield projects.