Golden Growth Fund kick-starts the Construction of Luxury Residential Project

Construction on Golden Growth Fund's (GGF) new luxury residential property in Anand Niketan, South Delhi, has begun. GGF is a prominent Category 2 Alternate Investment Fund (AIF). This development in cooperation with Grovy India will boost luxury living in this elite neighbourhood of the city.

Redeveloping prime property into an opulent home complex with four large living units spanning around 17,000 square feet is the project's goal. Potential sales of Rs 65 crore are anticipated from this project.

In order to satisfy the need for premium living spaces, Golden Growth Fund is deliberately focusing on high-value neighborhoods and acquiring and redeveloping outstanding property parcels.

This project is a crucial component of GGF's larger plan to buy and develop prime South Delhi land lots into remarkable homes that satisfy the highest standards of comfort and luxury.

In the fund's initial closing, GGF just obtained Rs 25 crore for this project. The fund has also announced a fresh commitment of Rs 400 crore, of which Rs 40 crore has already been received. The remaining funds are anticipated to close in the upcoming 18 months. The fund's concentration on South and Lutyens Delhi allows it to provide customized real estate investment solutions, assisting investors in diversifying their holdings and optimizing returns.

Speaking to this, Ankur Jalan, CEO of Golden Growth Fund states, “Our partnership with Grovy which has completed 100 real estate projects in Delhi and our recent funding achievements highlight our dedication to transforming high-value real estate opportunities into exceptional living experiences.”