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

15 Apr 2025 CW Team

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

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..