Golden Growth Fund Acquires 500 Sq Yards Land in South Delhi's Gulmohar Park, Eyes ₹100 Crore Revenue
New Delhi, March 31: Golden Growth Fund (GGF) has made its third acquisition in South Delhi since its launch in September 2024. After acquiring properties in Anand Niketan and Neeti Bagh, the fund has now secured a 500 sq yard corner plot in Gulmohar Park for a luxury redevelopment project.
Project Details
The project will be developed on a 500 sq yards corner plot with a total built-up area of approximately 20,000 sq ft , utilising a Floor Area Ratio (FAR) of 2.25, and will include ample parking spaces.
The project will feature four exclusive luxury residences, one on each floor, each spanning approximately 3,500 sq ft , designed for premium living. The units will offer state-of-the-art amenities, advanced security systems, world-class fittings, and thoughtfully planned spaces that balance privacy, exclusivity, and family living.
The project will be developed by Grovy India Ltd, a listed real estate developer which has completed more than 120 projects since its inception in 1985.
Prime Location Advantage
"Gulmohar Park is one of South Delhi's most serene, green and elite residential areas. It is strategically located - in the midst of reputed neighbourhoods, accessible to world-class schools and hospitals, and seamless connectivity to the airport and commercial hubs in South Delhi, Gurugram and Noida," the company stated.
Market Opportunity
Ankur Jalan, CEO of Golden Growth Fund, said: "This acquisition in Gulmohar Park aligns with the Fund's mandate to unlock the real estate potential of one of India's poshest colonies in South Delhi. We remain steadfast in our commitment to expand our presence here with strategic acquisitions."
He added that luxury floors in the area have witnessed nearly 20 per cent price appreciation over the past year, making redevelopment an increasingly attractive option for homeowners. Enhanced FAR norms are enabling larger, more efficient living spaces along with the integration of modern amenities.
South Delhi Real Estate Market Overview
According to the company statement, the Municipal Corporation of Delhi (MCD) has divided all Delhi colonies into eight categories (A to H), with circle rates, property tax rates, and stamp duty charges based on these categories.
Approximately 18,500 plots are available across the 42 Category A and B colonies in South Delhi. The redevelopment potential of these colonies stands at ₹6.5 lakh crore.
Price Trends in Category A Colonies (2024-2025)
For a 2,500 sq ft floor in Category A colonies, the average price has risen from ₹10-19 crore in 2024 to ₹14-25 crore in 2025. For a 6,000 sq ft floor, the price has risen from ₹19-45 crore in 2024 to ₹25-55 crore in 2025, representing a significant appreciation.
Price Trends in Category B Colonies (2024-2025)
For a 2,500 sq ft floor in Category B colonies, the price has risen from ₹7-10 crore in 2024 to ₹9-12.5 crore in 2025. For a 3,200 sq ft floor, prices have risen from ₹11-16 crore in 2024 to ₹14-19 crore in 2025.