Golden Growth Fund Report Highlights ₹5.65 Lakh Crore Redevelopment Scope in South

A report by Delhi-based Golden Growth Fund, a SEBI-registered Alternative Investment Fund (AIF), highlights a redevelopment opportunity worth ₹5.65 lakh crore in South Delhi’s residential sector. The report states that nearly 18,500 privately owned plots across 42 colonies regulated by the Municipal Corporation of Delhi (MCD) present a significant scope for new developments.

There are 18,446 residential plots in South Delhi’s Category A, B, and C colonies, ranging from 125 to 1750 square yards. The average price per square yard varies between ₹6 lakh to ₹15 lakh. The most exclusive Category A and B colonies, including Mayfair Garden, Panchsheel Park, Anand Niketan, Vasant Vihar, and Golf Links, collectively hold around 16,424 plots. These locations are known for their high-value properties and appeal to wealthy buyers.

The MCD categorizes Delhi colonies from A to H, influencing circle rates, property taxes, and stamp duty charges. In the 13 Category A colonies, 3,704 plots range from 200 to 1200 square yards, priced between ₹7 lakh to ₹15 lakh per square yard. The 27 Category B colonies house around 12,720 plots, priced between ₹6 lakh to ₹12 lakh per square yard. Some of the prominent Category A and B colonies include Mayfair Garden, Panchsheel Park, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chankyapuri, Golf Links, Jor Bagh, Sundar Nagar, Maharani Bagh, Greater Kailash, Green Park, Gulmohar Park, and Niti Bagh.

Golden Growth Fund's CEO, Ankur Jalan, stated that South Delhi remains a preferred location due to its accessibility to entertainment, business hubs, airports, and essential social infrastructure. Redevelopment in these areas caters to growing families and new investors seeking high-end living spaces. He emphasized that the increasing demand for luxury floors and villas in these neighborhoods is a key driver for redevelopment projects.

The region continues to attract high-net-worth individuals (HNIs) and non-resident Indians (NRIs) who now prefer investing in AIFs that ensure compliance and property management. With potential returns of 18-20%, AIFs provide a structured investment model compared to traditional real estate investments. HNIs and NRIs, who previously invested directly in real estate, are now opting for AIFs to mitigate risks and ensure better management of their assets.

Recent SEBI data from H1FY25 indicates that AIFs contributed ₹75,500 crore to the real estate sector, the highest among all industries, accounting for 17% of total investments. Golden Growth Fund, a Category II Real Estate AIF, aims to raise ₹400 crore for land acquisition and development in South Delhi. The fund secured ₹25 crore in its first round of funding in August. The fund’s objective is to acquire land, redevelop properties, and maximize returns for investors by capitalizing on the growing demand for premium real estate in South Delhi.

Experts believe that the regulatory framework governing AIFs ensures greater transparency and investor protection, making them an attractive option for long-term investments. The success of AIFs in the real estate sector has led to increased interest from institutional investors, family offices, and individual investors looking to diversify their portfolios.

South Delhi’s redevelopment prospects reflect a growing trend of structured investments in high-value properties. The combination of strong demand, regulatory oversight, and structured investment mechanisms has positioned the region as a prime destination for real estate growth. As regulatory frameworks strengthen, investments through AIFs continue to gain traction, offering a new model for urban real estate development.

The rising need for modern living spaces, improved infrastructure, and enhanced property management, the redevelopment of South Delhi’s residential plots presents an opportunity for both investors and homebuyers. The continued focus on structured investments, coupled with the region’s appeal, is expected to drive further growth in the real estate market.