NEW DELHI: Golden Growth Fund (GGF), a category-II real estate focussed alternative investment fund (AIF), has acquired land parcel admeasuring 7,560 sq ft in Neeti Bagh, South Delhi.
It will develop four apartments, each having 6,000 sq ft area, a separate entrance and an elevator.
Ankur Jalan, CEO of the company said: ‘GGF has already received 25 per cent commitment of the investment amount in Neeti Bagh project and we aim to deliver an IRR of 20 per cent plus.’
The company is eying a revenue of ₹100 crore through the sale of these apartments catering to high net-worth individuals (HNIs) and ultra-HNIs.
The average price of plots in Neeti Bagh stands at approximately 12 lakh per sq yard.
This follows the fund’s acquisition of a land parcel in Anand Niketan in October 2024.
Golden Growth Fund launched a real estate focussed AIF in September 2024 with a commitment to raise ₹400 crore to acquire land in South and Lutyens Delhi.
