New Delhi, June 23: Golden Growth Fund (GGF) today announced the final close of its maiden AIF with Asset Under Management (AUM) of Rs 101 crore.
The fund is a category II real estate focussed Alternative Investment Fund (AIF) that invests in prime South Delhi market. The fund was launched in September 2024 with NAV rising to 160.9, a growth of 61% as on March 2026. The fund has delivered an annualised IRR of 47% since launch.
GGF has strategically invested in three high growth locations in South Delhi, namely Anand Niketan, Neeti Bagh and Gulmohar Park – aligned with its mandate to unlock the real estate potential of one of India’s poshest colonies.
The Anand Niketan project is nearly 80% complete with expected delivery in Q3 FY2026-27 while Neeti Bagh project is 20% complete with expected delivery in Q3 FY2027-28. The third project at Gulmohar Park has recently been acquired and construction is underway.
listed real estate developer Grovy India Ltd, with more than 150 completed projects, is the development partner for the three projects.
Ankur Jalan, CEO, Golden Growth Fund said,
“The final close of our maiden fund marks an important milestone for Golden Growth Fund. It reflects growing investor confidence in institutional real estate investments and our ability to identify compelling opportunities in the sector. We will continue to focus on deploying capital prudently to generate superior risk-adjusted returns. With South Delhi real estate market witnessing strong demand, the role of AIFs will be key to ensuring adequate funding for the next growth cycle of South Delhi.”
According to the Fund’s latest report, South Delhi continued to outperform with up to 32% YoY growth in price of luxury floors in the first quarter of 2026. The report highlights that Category B colonies outperformed Category A colonies in price growth in Q1 2026 with the former growing between 23-32% as against 14-22% in the latter.
In value terms, however, price of floors in category A ranges between Rs 19.5 crore to Rs 40 crore while that in Category B colonies range between Rs 10.65 crore to Rs 16.5 crore.
“GGF is the only fund that is focussed on South Delhi real estate market and that gives us the first-mover advantage in this vast landscape of South and Lutyens Delhi,” Jalan added.
The Municipal Corporation of Delhi (MCD) has divided all colonies of Delhi under eight categories – A, B, C, D, E, F, G & H. Circle rates, Property Tax rates and Stamp Duty charges for Property Registration are based on these categories.
Some of the Category-A and B colonies are Mayfair Garden, Panchsheel Park N Block, Panchsheel Park S & E Blocks, Sadhana Enclave, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chankyapuri, Golf Links, Jor Bagh, Sundar Nagar, Maharani Bagh, Chirag enclave, GK, Green Park, Gulmohar Park, Niti Bagh etc.