Golden Growth Fund (GGF), a Category II Alternative Investment Fund (AIF) announced on December 15 that it closed the second round of fundraising and deployed Rs 58 crore to acquire two projects in South Delhi's Anand Niketan and Niti Bagh to develop luxury floors, with an estimated sales potential of ₹85 crore. The company said that the total saleable area of both these projects is approximately 26,000 sq ft.

The construction for Anand Niketan project has been completed whereas the one in Niti Bagh has begun. With this strategic investment in both projects, the aim is to enhance the region's real estate potential.

In September 2024, Golden Growth Fund launched AIF with its focus to make investments in South and Lutyens Delhi and being the only fund to invest in this high-paying and end-user real estate market. Along with this plot acquisition of both projects, there is a growing demand in South Delhi's affluent regions for luxury apartments with access to amenities.

South Delhi has classified the privately owned residential plots into different categories such as Category A, Category B, Category C and others by the Municipal Corporation of Delhi (MCD). There are around 18,500 privately owned residential plots in this region with a total estimated market value of Rs 5.65 lakh crore. These residential plots have a strong prospective for upscale redevelopment and new residential projects.

The average price of South Delhi's Category A residential plot ranges from Rs 7 lakh to Rs 15 lakh per sq yd whereas it ranges between Rs 6 lakh to Rs 12 lakh per sq yd for Category B residential plots. In the third quarter of 2025, the average price of independent floors across Category A and B colonies in South Delhi rose by 12 percent to 17 percent due to the rise in redevelopment projects and preference for luxury housing.

In Category A colony, the average price of a 2,500 sq ft floor has increased from Rs 10-19 crore in July-September 2024 to Rs 11-23 crore in July-September 2025. Whereas the average price of a 6,000 sq ft went up from Rs 19-45 crore in Q3 2024 to Rs 22-53 crore in Q3 2025.

Golden Growth Fund's latest investments highlight the growing demand in South Delhi's luxury housing market because of the potential for upscale redevelopment activity and strong end-user demand. Ankur Jalan, the CEO of Golden Growth Fund said that by this milestone, they aim to create long-term value for their investors. The average price of independent floors has witnessed a steady increase in Category A and B colonies, making South Delhi a preferred location for premium real estate investments.