Golden Growth Fund and Grovy India Invest Rs 1.8 Billion

30 May 2025 CW Team

Golden Growth Fund, a category II Alternative Investment Fund focused on South Delhi real estate, and Grovy India, a listed developer, have jointly invested Rs 1.8 billion in three premium housing projects in South Delhi. These projects are located in Anand Niketan, Neeti Bagh, and a third Category A colony yet to commence.

The combined development spans around 70,000 sq. ft. with construction underway in Anand Niketan and set to begin in Neeti Bagh next month. The total sales potential of the projects is estimated at Rs 2.4 billion. The fund aims to generate over 20 per cent Internal Rate of Return (IRR) for its investors.

South Delhi, home to around 18,500 privately owned plots valued at Rs 5.65 trillion, offers lucrative redevelopment opportunities. Plot prices in Category A colonies range between Rs 7–15 million per sq. yd., while Category B plots range from Rs six–12 million per sq. yd.

Golden Growth Fund was launched in September 2024 with a Rs 4 billion target for strategic land acquisition in South and Lutyens' Delhi.

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..