Golden Growth Fund Acquires South Delhi Land, Targets Rs 1 Bn Revenue
Real Estate

Golden Growth Fund Acquires South Delhi Land, Targets Rs 1 Bn Revenue

Golden Growth Fund (GGF), a Category-II Alternative Investment Fund (AIF) focused on real estate, has acquired a prime land parcel in the Neeti Bagh area of South Delhi. The acquisition is part of GGF’s strategy to develop luxury boutique residences targeting high-net-worth and ultra-high-net-worth individuals (HNIs/UHNIs), with an estimated revenue of Rs 1 billion from the project.

In September 2024, GGF launched its real estate-focused AIF, with plans to raise Rs 4 billion to acquire land in South and Lutyens Delhi. This marks GGF as a pioneer in investing in this lucrative market. The fund made its first acquisition in Anand Niketan in October 2024, and now, with the Neeti Bagh project, GGF aims to further expand its presence in the upscale residential space.

The land in Neeti Bagh spans approximately 7,560 square feet and will feature four ultra-luxury residences. The properties will be designed in a basement plus elevated ground and four-story configuration, with each apartment covering around 6,000 square feet. The residences will offer private swimming pools, steam and sauna rooms, jacuzzis, landscaped areas, designer fittings, and premium Italian flooring, catering to the high-end living market.

South Delhi is home to 18,500 privately owned residential plots, with an estimated market value of Rs 5.65 trillion. The region is classified into different categories, with plot prices in Neeti Bagh averaging around Rs 1.2 million per square yard. The demand for luxury homes in this area is driven by a growing need for high-end amenities, an increasing number of nuclear families, and the desire for upscale living among affluent individuals, including professionals and NRIs.

News source: Business Standard

Golden Growth Fund (GGF), a Category-II Alternative Investment Fund (AIF) focused on real estate, has acquired a prime land parcel in the Neeti Bagh area of South Delhi. The acquisition is part of GGF’s strategy to develop luxury boutique residences targeting high-net-worth and ultra-high-net-worth individuals (HNIs/UHNIs), with an estimated revenue of Rs 1 billion from the project. In September 2024, GGF launched its real estate-focused AIF, with plans to raise Rs 4 billion to acquire land in South and Lutyens Delhi. This marks GGF as a pioneer in investing in this lucrative market. The fund made its first acquisition in Anand Niketan in October 2024, and now, with the Neeti Bagh project, GGF aims to further expand its presence in the upscale residential space. The land in Neeti Bagh spans approximately 7,560 square feet and will feature four ultra-luxury residences. The properties will be designed in a basement plus elevated ground and four-story configuration, with each apartment covering around 6,000 square feet. The residences will offer private swimming pools, steam and sauna rooms, jacuzzis, landscaped areas, designer fittings, and premium Italian flooring, catering to the high-end living market. South Delhi is home to 18,500 privately owned residential plots, with an estimated market value of Rs 5.65 trillion. The region is classified into different categories, with plot prices in Neeti Bagh averaging around Rs 1.2 million per square yard. The demand for luxury homes in this area is driven by a growing need for high-end amenities, an increasing number of nuclear families, and the desire for upscale living among affluent individuals, including professionals and NRIs. News source: Business Standard

Next Story
Real Estate

K Raheja Corp launches luxury tower at Raheja Galaxy, South Pune

K Raheja Corp Homes has unveiled a new luxury tower at Raheja Galaxy in South Pune, catering to the growing demand for premium living spaces in the area. Located off NIBM, the project offers seamless connectivity, excellent infrastructure, and a reputation for timely delivery and superior construction quality.The new tower features spacious 2-bed, 3-bed, and 3BHK L residences, priced from Rs 1.29 crore. The homes are designed with modern amenities and a neo-classical architectural style, offering a balance of functionality and luxury. Prices will increase after April 30th, making the early-bir..

Next Story
Infrastructure Urban

PM to Visit Bihar on April 24 for Panchayati Raj Day Celebrations

Prime Minister Shri Narendra Modi is scheduled to visit Bihar on 24th April 2025. During his visit to Madhubani, he will participate in the National Panchayati Raj Day celebrations at around 11:45 AM. On this occasion, he will inaugurate, dedicate, and lay the foundation stone for several development projects worth over Rs 134 bn, and will address the public gathering. As part of the programme, the Prime Minister will present the National Panchayat Awards, honouring the best-performing Panchayats from across the country. In the railways sector, Prime Minister Modi will flag off the Amrit Bha..

Next Story
Infrastructure Urban

Rs 140 Bn Infra Projects in North India Reviewed by DPIIT Secretary

Shri Amardeep Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), chaired a high-level Project Monitoring Group (PMG) review meeting to assess progress on major infrastructure projects in Uttar Pradesh, Haryana, Punjab, and Uttarakhand. The meeting was attended by senior officials from central ministries, state governments, and private sector project proponents. A total of 17 key infrastructure projects, collectively worth over Rs 140 billion, were reviewed during the session, which addressed 19 critical issues affecting project execution. The discussions..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?