New Delhi, August 11, 2026: Despite the geopolitical tensions and slowing real estate demand across India’s top cities, South Delhi continued to outperform with average price of luxury independent floors rising between 6-21% YoY in April-June quarter of 2026, according to a report by Golden Growth Fund, a category II real estate focussed Alternative Investment Fund.

Category A colonies saw 20-21% growth with 2500 sq. ft. floors witnessing a rise of 21%, from Rs 16-22 crore in Q2 2025 to Rs 18-28 crore in Q2 2026. Similarly, the price of 6000 sq. ft. floor recorded 20% YoY growth from Rs 36-45 crore to Rs 41-56 crore.

Some of the category A colonies are Mayfair Garden, Panchsheel Park, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chanakyapuri, Golf Links, Jor Bagh, Sundar Nagar, Maharani Bagh etc.

Similarly, in Category B colonies, price of a 2500 sq. ft. floor rose from Rs 8.5-11 crore in Q2 2025 to Rs 9-12.5 crore in Q2, 2026, recording a growth of 10% YoY. The price of 3200 sq. ft. floor rose by 6% YoY.

Some of the Category B colonies are Chirag enclave, Anand Lok, GK, Green Park, Gulmohar Park, Niti Bagh, Defence Colony, Safdarjung Enclave, Kailash Colony etc.

Ankur Jalan, CEO, Golden Growth Fund said “South Delhi’s residential market continues to demonstrate strong structural resilience, with floor prices rising by up to 21% YoY, reflecting the sustained demand amidst low supply. Premiumisation, redevelopment and increasing demand from HNIs and NRIs are supporting this momentum. With landowners increasingly opting for redevelopment and buyers seeking larger, better-designed homes in established locations, South Delhi is emerging as a strong market with long-term value potential.”

Jalan further added that the geopolitical tension in West Asia is prompting NRIs and HNIs to increasingly shift their investment from Middle East into the South Delhi real estate market to maintain safety of their investment while continuing to benefit from the continued rise in capital value and high rental potential.

The Municipal Corporation of Delhi (MCD) has divided all colonies of Delhi under eight categories – A, B, C, D, E, F, G & H. Circle rates, Property Tax rates and Stamp Duty charges for Property Registration are based on these categories.

Approximately 18,500 plots are available across the 42 Cat A and B colonies in South Delhi. The redevelopment potential of these colonies stands at Rs 6.5 lakh crore presenting a huge opportunity for project development.

New Delhi, August 6, 2026: BSE-listed Grovy India Limited announced the raising of Rs 15.01 crore through preferential issue to fund expansion and deepen its presence in the South Delhi real estate market.

The company’s preferential issue committee of the Board of Directors recently approved the allotment of 41,69,433 equity shares of face value of Rs10 each for an aggregate amount of up to Rs 15,00,99,588 on a preferential basis.

Consequent to the said allotment, the paid-up equity share capital of the company stands increased to Rs 17,50,57,050 comprising of 1,75,05,705 Equity Shares of face value of Rs 10 each.

The participation of investors and promoters signals the company’s strong growth trajectory, execution capabilities and leadership in South Delhi’s real estate market. The investment also reinforces the growing interest in the company’s strong track record, differentiated market positioning and a clear growth pipeline.

Commenting on the development, Ankur Jalan, Director, Grovy India said, “The strong participation is an endorsement for the company’s robust brand equity, consistent execution, quality developments and a focused business strategy. The company’s deep understanding of one of India’s most premium micro-markets positions it well for sustainable long-term growth. The micro market has a significant value creation potential as the demand for luxury developments in South Delhi continues to strengthen.”

The company is currently executing residential projects spanning 1.83 lakh sq. ft. across prime South Delhi markets which are expected to be delivered between Q3 FY27 and Q4 FY28.

The company during Q1 FY27 also acquired new premium residential projects spanning approximately 50,000 sq. ft. in South Delhi.

“We aim to scale execution towards 20–25 projects annually over the next three years, subject to market conditions and project availability,” Jalan further added.

He also said that the company plans to raise a total of Rs 40 crore by the end of FY27.

The company’s net profit jumped 74% YoY to Rs 1.9 crore in Q1 FY27. The total revenue during this period also saw a substantial jump of 233% YoY at Rs 27.58 crore.

The South Delhi headquartered company recorded 114% jump in net profit and 249% jump in total revenue on QoQ basis. The robust numbers reflect strong project execution, improved profitability and disciplined capital allocation.

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.