Golden Growth Fund Acquires Gulmohar Park Land in South Delhi, Plans Ultra-Luxury Project with 100 Crore Revenue Potential
New Delhi, April 4, 2026: Golden Growth Fund has acquired a prime residential land parcel in Gulmohar Park, South Delhi, to develop an ultra-luxury independent floors project with an estimated revenue potential of around 100 crore.
The project will be developed on a 500 sq yd corner plot with a total built-up area of nearly 20,000 sq ft. It will feature four independent luxury floors, each approximately 3,500 sq ft in size, offering complete privacy and exclusivity. The development will utilise a Floor Area Ratio (FAR) of 2.25.
This marks the fund’s third acquisition in South Delhi since its launch in late 2024. Earlier investments were made in Anand Niketan and Neeti Bagh, where construction is already underway.
Project Details:
- Location: Gulmohar Park, South Delhi
- Plot Size: 500 sq yd (corner plot)
- Built-up Area: ~20,000 sq ft
- Development: 4 independent luxury floors (each ~3,500 sq ft)
- Development Partner: Grovy India Ltd
- Expected Revenue: 100 crore
Grovy India Ltd has been appointed as the development partner for the project. The residences are expected to feature modern architecture, high-end specifications, advanced security systems, and premium amenities tailored to the ultra-luxury segment.
Strong Momentum in South Delhi Redevelopment
South Delhi’s Category A and B colonies continue to witness robust demand for redevelopment projects. Independent floor prices in these areas have risen significantly over the past year, with 2,500 sq ft units now commanding 14–25 crore. Larger units have seen even steeper appreciation.
Industry experts attribute this growth to strong end-user demand from affluent buyers seeking upgraded homes in established, green neighbourhoods with excellent connectivity and social infrastructure.
Golden Growth Fund, a Category II Alternative Investment Fund, focuses on redevelopment opportunities in South and Lutyens Delhi. The fund has delivered a healthy internal rate of return (IRR) of 28% as of the end of last year.
The Gulmohar Park project further highlights the growing investor interest in low-density, high-value luxury housing in prime South Delhi colonies, driven by limited supply and rising property values.