New Delhi: Golden Growth Fund (GGF) has announced the final close of its maiden Alternative Investment Fund (AIF), reaching an Asset Under Management (AUM) of Rs 101 crore.
The Category II real estate-focused Alternative Investment Fund was launched in September 2024 with an investment strategy centered on South Delhi’s premium residential market. As of March 2026, the fund’s Net Asset Value (NAV) has increased to 160.9, representing a 61% growth since launch. The fund has also delivered an annualised Internal Rate of Return (IRR) of 47% during the same period.
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Golden Growth Fund has invested across three residential locations in South Delhi—Anand Niketan, Neeti Bagh, and Gulmohar Park—in line with its investment mandate focused on the region’s premium housing market.
According to the company, the Anand Niketan project is nearly 80% complete and is expected to be delivered in Q3 FY2026-27. The Neeti Bagh project has reached 20% completion, with delivery targeted for Q3 FY2027-28. Construction has also commenced at the recently acquired project in Gulmohar Park.
Listed real estate developer Grovy India Ltd, which has completed more than 150 projects, is serving as the development partner for all three developments.
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 during the first quarter of 2026, with prices of luxury floors increasing by up to 32% year-on-year.
The report stated that Category B colonies recorded stronger price appreciation than Category A colonies during the quarter. Prices in Category B colonies increased between 23% and 32%, while Category A colonies registered growth ranging from 14% to 22%.
In terms of property values, floors in Category A colonies are priced between Rs 19.5 crore and Rs 40 crore, while properties in Category B colonies range from Rs 10.65 crore to Rs 16.5 crore.
Jalan added, “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.”
The Municipal Corporation of Delhi (MCD) classifies residential colonies across Delhi into eight categories—A, B, C, D, E, F, G and H. These classifications determine applicable circle rates, property tax rates and stamp duty charges for property registrations.
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Among the prominent Category A and Category B colonies are Mayfair Garden, Panchsheel Park N Block, Panchsheel Park S & E Blocks, Sadhana Enclave, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chanakyapuri, Golf Links, Jor Bagh, Sundar Nagar, Maharani Bagh, Chirag Enclave, Greater Kailash (GK), Green Park, Gulmohar Park and Neeti Bagh.
