New Delhi, 16th September, 2024: Golden Growth Fund (GGF), a leading Category 2 Alternate Investment Fund (AIF), has announced the launch of a new real estate fund with a commitment of ₹400 crore. With the first closing of ₹40 crore already secured, the fund is on track to reach its full target within the next 18 months, marking a significant milestone for GGF as it continues to expand its footprint in the Indian real estate market.
GGF’s strategy stands out due to its focus on brownfield projects, particularly in the highly sought-after regions of South Delhi and Lutyens’ Delhi. The real estate market in Delhi, especially in these areas, is known for its dynamic nature and high demand. South Delhi, with its upscale neighborhoods such as Anand Niketna, Vasant Vihar, Defence Colony, and Greater Kailash, offers a strong appreciation potential owing to limited land availability and a robust demand for properties. On the other hand, Lutyens’ Delhi, known for its historical significance and premium properties, commands the highest real estate values in the country, though with fewer opportunities for new developments.
Commenting on the launch of the fund, Ankur Jalan, CEO of Golden Growth Fund, said, “The launch of the Golden Growth Fund is a strategic move aimed at capitalizing on high-value brownfield projects in prime locations like South Delhi and Lutyens’ Delhi. Our focus on these premium projects allows us to offer investors an exceptional opportunity to engage with the real estate market, ensuring faster project turnarounds and minimized risks. This approach positions GGF as a leader in delivering value and security to our investors.”
Golden Growth Fund’s focus on brownfield projects offers a distinct advantage over other realty funds, which primarily target greenfield developments. GGF’s project turnaround time is anticipated to be between 15-18 months, significantly shorter than the 60-72 months typically seen in greenfield projects. Additionally, GGF’s projects face no time escalation, construction cost escalation, or government regulation uncertainties, unlike the high risks associated with other realty funds. Furthermore, the infrastructure surrounding GGF’s projects is fully developed, reducing sale uncertainty and price volatility, which remain high in greenfield projects.
The appeal of South Delhi as a prime investment destination lies in its excellent location and connectivity. The region is not only home to some of the most luxurious neighborhoods but also offers a stable and predictable real estate market, making it a preferred choice for both domestic and international investors. While Lutyens’ Delhi commands higher property prices and offers limited new investment opportunities, its exclusivity and prestige ensure that it remains a highly desirable location for those seeking long-term value retention.
With decades of experience in real estate advisory and wealth management, GGF is positioned to become a leading player in the Delhi real estate market. By equipping investors with actionable insights and a diversified investment portfolio, the fund aims to deliver superior returns and drive growth in the region’s luxury real estate sector.