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
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?