Golden Growth Fund Acquires Prime Land Parcel in South Delhi’s Anand Niketan for Luxury Residential Project

New Delhi, 13th June, 2024: Golden Growth Fund, a leading Category 2 Alternate Investment Fund, today announced the acquisition of a prime land parcel in the heart of South Delhi’s upscale Anand Niketan residential colony. The site is conveniently located and well-connected to top hospitals, schools, markets, and other key amenities.

The land will be redeveloped into an ultra-luxury residential project comprising just 4 spacious dwelling units spanning a total area of approximately 17,000 sq. ft. The limited inventory of exclusive homes is being designed to provide modern luxury living spaces in this sought-after neighbourhood.

“We are delighted to announce GGF’s first real estate development with the acquisition of this exceptional land parcel in Anand Niketan. South Delhi has an extremely supply-constrained real estate market for luxury housing. By focusing on high-quality, low-density developments in prime locations, we aim to unlock immense value for our investors,” said Ankur Jalan, CEO of Golden Growth Fund.

The acquired land parcel had a clear title which enabled a smooth transaction. GGF plans to develop and sell the luxury units through this project.

“This flagship acquisition in Anand Niketan establishes our commitment to uncovering investment opportunities in Delhi’s most coveted micro-markets. We have an ambitious pipeline of proposals across Delhi to aggregate land parcels for profitable redevelopment under the GGF fund umbrella. Our goal is to establish GGF as an aggregator and developer of prime luxury real estate in the capital,” added Ankur Jalan.

This acquisition is GGF’s first project, supported by its parent company Grovy, which has completed over 100 real estate projects in Delhi. It is part of GGF’s larger strategy to aggregate prime land parcels in South Delhi and develop them into high-end residential properties. With multiple proposals in the pipeline across Delhi, GGF aims to enhance its footprint in the luxury real estate market, focusing on the profitability and execution of these projects.

This project in Anand Niketan signifies GGF’s dedication to creating high-value, luxurious living spaces, setting the stage for future developments and ensuring sustainable growth and superior returns for its investors.

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