Golden Growth Fund (GGF), a category-II alternative investment fund (AIF) specializing in real estate, has successfully acquired a land parcel measuring 7,560 square feet in Neeti Bagh, South Delhi. The fund plans to construct four apartments, each featuring an area of 6,000 square feet, along with a private entrance and an elevator.
Ankur Jalan, the CEO of GGF, stated, “We have already secured a 25 percent commitment of the investment amount for the Neeti Bagh project, and we are targeting an internal rate of return (IRR) exceeding 20 percent
.” The company anticipates generating revenue of ₹100 crore from the sale of these apartments, which will be aimed at high net-worth individuals (HNIs) and ultra-HNIs. The average price for plots in Neeti Bagh is approximately ₹12 lakh per square yard.
This acquisition follows the fund’s purchase of a land parcel in Anand Niketan in October 2024. Golden Growth Fund launched its real estate-focused AIF in September 2024, with plans to raise ₹400 crore for land acquisitions in South and Lutyens Delhi.
