Golden Growth Fund Acquires Gulmohar Park Land

31 Mar 2026 CW Team

Golden Growth Fund (GGF), a real estate-focused Category II Alternative Investment Fund, has acquired a land parcel in Gulmohar Park, with plans to develop ultra-luxury independent floors and generate estimated revenue of around Rs 1 billion.

The project will be developed on a 500 sq yd corner plot with a total built-up area of approximately 20,000 sq ft. It will feature four exclusive residences, each occupying an entire floor of around 3,500 sq ft, along with modern amenities, advanced security systems and dedicated parking.

This marks GGF’s third acquisition in South Delhi since its launch in September 2024, following projects in Anand Niketan and Neeti Bagh. The development will be executed by Grovy India Ltd, which has delivered over 120 projects since 1985.

Ankur Jalan, CEO, Golden Growth Fund, said the acquisition aligns with the fund’s strategy to tap redevelopment opportunities in premium South Delhi neighbourhoods. He noted that luxury floors in the area have seen nearly 20 per cent price appreciation recently, driven by rising demand, improved FAR norms and preference for larger, modern living spaces.

South Delhi’s Category A and B colonies collectively offer significant redevelopment potential, estimated at around Rs 6.5 trillion across approximately 18,500 plots. The market has seen strong price growth, with luxury independent floors in Category A colonies rising between 25–34 per cent in 2025, while Category B colonies recorded increases of 22–26 per cent.

Golden Growth Fund, focused on South and Lutyens’ Delhi, aims to leverage redevelopment opportunities in end-user driven markets. The fund reported a 28 per cent IRR as of December 2025, supported by strategic acquisitions and professional asset management.

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