Neel AcharyNew Delhi, Dec 15: Golden Growth Fund (GGF), a Category II real estate focussed Alternative Investment Fund (AIF) announced today that it has successfully closed the second round of fund raising and has fully deployed INR 58 crore.
The capital has been strategically invested across two high-growth opportunities in the South Delhi real estate market aligning with the fund’s mandate to unlock the real estate potential of one of India’s poshest colonies.
The fund, designed for South Delhi, have been deployed for the acquisition of two projects in Anand Niketan and Niti Bagh in South Delhi with a total saleable area of approx. 26,000 sq. ft. carrying an estimated sales potential of Rs 85 crore.
The structure of the Anand Niketan project has been completed while the construction in Niti Bagh project has started.
Ankur Jalan, CEO, Golden Growth Fund said,
“This milestone reinforces our commitment to creating long-term value for our investors. By deploying ₹58 crore into high-quality assets, we are strengthening our portfolio while positioning ourselves for strong monetisation in the coming years. It also underscores our ability to identify and execute opportunities with clear revenue and IRR visibility for our investors in the South Delhi market.”
Golden Growth Fund launched a real estate focussed AIF in September 2024 with a commitment to invest in South and Lutyens Delhi, making it the only fund to invest in this end-user, niche and lucrative real estate market.
“This AIF has seen a stupendous growth registering 28.68% IRR as on June 30, 2025. Professional management drives strategic planning and market insights, resulting in consistent income generation and long-term capital appreciation,” Jalan added.
South Delhi real estate market scenario
The average price of a plot in Category-A colony in South Delhi ranges between Rs 7-15 lakh per sq. yd. while the same in Category-B colony ranges between Rs 6-12 lakh per sq. yd.
A surge in redevelopment activity, growing preference for luxury housing and renewed buyer confidence in the Delhi real estate market have pushed up average price of
independent floors in South Delhi between 12-17% across Category A and B colonies in the third quarter of 2025.
The average price of a 2500 sq. ft. floor in Category A colony has risen from Rs 10-19 crore in July-September 2024 to Rs 11-23 crore in July-September 2025. For floors sized 6000 sq. ft., the average price has risen from Rs 19-45 crore in Q3 2024 to Rs 22-53 crore in Q3 2025.
For a 2500 sq. ft. floor, the average price has risen from Rs 7-10 crore in Q3 2024 to Rs 8-11 crore in Q3 2025. Similarly, for a 3200 sq. ft. floor, the price has risen from Rs 11-16 crore in Q3 2024 to Rs 13-18 crore in Q3 2025.
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.
