Grovy India Limited has expanded its portfolio by acquiring a premium residential project in South Delhi’s upscale neighborhood. The project, undertaken in partnership with Golden Growth Fund, a Category II Alternative Investment Fund, boasts an estimated build-up area of 36,000 sq. ft and a revenue potential of ₹33.00 Crores.
The ultra-luxury development aligns with Grovy India’s vision to establish itself in the premium real estate segment and is expected to contribute significantly to its revenue growth.
The project’s key details are as follows: the location is in South Delhi, New Delhi, it is an ultra-luxury residential development with an estimated build-up area of approximately 36,000 sq. ft, and it has a revenue potential of ₹33.00 Crores.
Nishit Jalan, Whole Time Director & CEO of Grovy India Limited, emphasized the strategic importance of this acquisition, stating, “This project represents a significant milestone in the company’s growth and aligns with its vision to develop premium, high-quality real estate projects that redefine urban luxury living.”
The partnership with Golden Growth Fund underscores Grovy India’s strategy of collaborating with established financial entities to leverage combined expertise and resources in the real estate sector. This move is expected to strengthen Grovy India’s brand in the ultra-luxury segment and position the company to capitalize on the growing demand for high-end residential properties in prime locations.
