India, March 30 -- Golden Growth Fund (GGF), a category II real estate-focused Alternative Investment Fund (AIF) designed for South Delhi, acquired a land parcel measuring 500 sq yards in South Delhi's Gulmohar Park area. The company plans to develop ultra-luxury independent floors on this land parcel with an estimated revenue potential of approximately Rs.100 crore.

According to the company, this is the fund's third acquisition in South Delhi since its launch in September 2024, after Anand Niketan and Neeti Bagh, where construction is on in full swing.

"Gulmohar Park is one of South Delhi's most serene, green and elite residential areas. It is strategically located - in the midst of reputed neighbourhoods, accessible to world-class sch...