New Delhi, November 24, 2025: Strengthening its position in the South Delhi real estate market, Grovy India Ltd., a BSE listed South Delhi headquartered real estate company has expanded its development pipeline to a substantial 1,89,000 sq. ft., covering both ongoing projects and upcoming ventures across the South Delhi market.

This comprises 1,42,000 sq. ft. of ongoing projects and 47,000 sq. ft. of projects in pipeline across South Delhi, the company said in its Q2 FY26 investor presentation.

Grovy India Ltd., a Real Estate Development and Consultancy Company established in the year 1985, has completed more than 100 projects.

The company recorded 1180% increase in net profit at Rs 37.63 lakhs in Q2 FY26 as compared to 2.49 lakhs in the same period last year. The total revenues jumped by 1142% to Rs 1552.87 lakhs.

Nishit Jalan, CEO, Grovy India said, “The strong growth underscores our commitment to delivering high-quality spaces while meeting the rising demand of luxury independent floors in South Delhi. With a balanced mix of active and planned developments, we are poised to enhance our portfolio, create long-term value, and reinforce our reputation for consistent execution and innovation.”

Like global metropolises, the price of independent floors in South Delhi has seen a consistent increase owing to higher demand amidst limited supply. According to a report by Golden Growth Fund (GGF), a Category-II real estate focussed Alternative Investment Fund (AIF), a surge in redevelopment activity, growing preference for luxury housing and renewed buyer confidence in the Delhi real estate market have pushed up average price of independent floors in South Delhi between 12-17% across Category A and B colonies in the third quarter of 2025.

As a result, local inhabitants have been looking to monetise their land or redevelop it with better FSI utilization in order to lift the capital value and rental income.

“South Delhi scores over other micro markets in factors like consistent demand, reliable and safe investment, good return on investment, robust infrastructure and connectivity to employment and entertainment hubs, Jalan added.

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The company’s total revenue jumped by 538% to Rs 8.3 crore in Q1 FY2026 as compared to Rs 1.3 crore in the same period last year.

The net profit of the company rose to Rs 1.1 crore in Q1 FY26 from a loss of Rs 25 lakhs in Q1 FY25.

The company had recorded Rs 1.8 crore in net profit for the full financial year FY 2025.

The company’s revenue more than doubled between FY23-25 to Rs 26.4 crore for the full financial year FY 2025.

Ankur Jalan, CFO, Grovy India Limited said, “The company foresees a strong demand for its luxury projects in the coming quarters. Grovy has also partnered with a real estate Alternative Investment Fund (AIF) the Golden Growth Fund (GGF) to focus on the South Delhi market. The company has a strong pipeline of projects.”

“South Delhi is an end-user market that has tremendous demand owing to limited supply. Having already carved a niche in South Delhi with products that cater to the uber-luxurious and niche homebuyers, we are confident that with the strong pipeline of projects, we will present unparalleled opportunities for homebuyers.”

Grovy India Ltd is a Real Estate Development and Consultancy Company established the year 1985. Grovy has completed more than 100 projects.

The company works under the outright model where it buys the property and constructs the building to sell. It also operates under collaboration model where it purchases a portion of the land in exchange for constructing the property. It also works under the turnkey model where the property owner appoints the company to design and build as per the client’s needs.

The total assets of the company have increased by an impressive 59.76% to Rs 49 crore in FY25 indicating significant growth and expansion.

The company is undertaking the development of over 1 lakh sq. ft premium luxury boutique apartments in the South Delhi.

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