New Delhi, November 3, 2026: BSE-listed real estate company Grovy India Ltd. continued to expand its real estate portfolio in the South Delhi market to 2.48 lakh sq. ft. across ongoing and future projects.

The company also announced its financial results for the quarter ended September 2026.

On the back of steadily improving margins, the company’s net profit surged by 436% to Rs 2.01 crore in Q2 FY27 as compared to 37.63 lakhs in the same period last year.

Driven by strong project execution, the company’s total revenue during the quarter rose by 75% to Rs 27.17 crore, up from Rs 15.52 crore in Q2 FY26.

Ankur Jalan, Director, Grovy India Ltd. said, “Our Q2 performance reflects the strength of our execution capabilities and the growing depth of our business in the South Delhi real estate market. The significant growth in revenue and profitability underscores our focus on operational efficiency, disciplined project execution and improving margins. South Delhi remains a resilient, supply-constrained premium residential market, and the approval of Delhi Master Plan 2047 further supports redevelopment-led growth.”

On the project development front, the company is currently developing 1.83 lakh sq. ft. of residential spaces in various colonies of South Delhi like GK, Hauz Khas, Anand Niketan, Neeti Bagh, Defence Colony and Gulmohar Park.

These projects are expected to be delivered between Q3 FY27 and Q4 FY28.

The company’s future pipeline comprises projects in Safdarjung Enclave, Anand Niketran and Defence Colony.

The company is also undertaking the development of three projects with Golden Growth Fund (GGF), a category II real estate focused Alternative Investment Fund (AIF).

“We will evaluate more collaborative projects with an aim to scale execution towards 20–25 projects annually over the next three years. This collaboration is well positioned to achieve a 2-3x increase in project development over the next few years,” Jalan added.

The company raised Rs 15.01 Cr in August 2026 through the preferential issue against the Rs 40 crore FY27 fund-raising target.

“The fresh capital strengthens our balance sheet, taking paid-up equity capital to Rs 17.51 crore. We remain committed to creating long-term shareholder value through sustainable growth, strong governance, and prudent capital allocation. The balance of Rs 25 crore is being pursued in line with market conditions and project requirements — subject to statutory and regulatory approvals,” Jalan added.

Jalan said over the next 3 years subject to market conditions and regulatory approvals, the company aims to list on the National Stock Exchange (NSE) to enhance liquidity, broaden the investor base, and strengthen market visibility and institutional reach.

New Delhi, March 30, 2026: Golden Growth Fund (GGF), a category II real estate focused Alternative Investment Fund (AIF) designed for South Delhi, today announced the acquisition of a prime land parcel at Gulmohar Park in South Delhi. The company plans to develop ultra-luxury independent floors on this land parcel with estimated revenue potential of approx. Rs 100 crore, further strengthening its presence in the posh and end-use driven South Delhi market.

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 area. It is strategically located – in the midst of reputed neighbourhoods, accessible to world-class schools & hospitals, and seamless connectivity to the airport and commercial hubs in South Delhi, Gurugram and Noida.

Ankur Jalan, CEO, Golden Growth Fund (GGF) said, “This acquisition in Gulmohar Park aligns with the Fund’s mandate to unlock the real estate potential of one of India’s poshest colonies in South Delhi. We remain steadfast in our commitment to expand presence here with strategic acquisitions. Gulmohar Park is one of the most sought-after colonies, known for its green, serene surroundings and well-established community. Luxury floors in the area have witnessed nearly 20% price appreciation over the past year, making redevelopment an increasingly attractive option for homeowners. Enhanced FAR norms are enabling larger, more efficient living spaces along with the integration of modern amenities. As a result, landowners are not only upgrading to bigger homes for self-use but are also leveraging redevelopment opportunities to generate higher rental income.”

The project is being developed on a 500 sq. yd. corner plot with a total built-up area of approximately 20,000 sq. ft., utilising an FAR of 2.25, and will include ample parking spaces.

The project will feature four exclusive luxury residences, one on each floor, each spanning approximately 3,500 sq. ft. Designed for premium living, the units will offer state-of-the-art amenities, advanced security systems, world-class fittings, and thoughtfully planned spaces that balance privacy, exclusivity, and family living.

The project will be developed by Grovy India Ltd; a listed real estate developer, which has completed more than 120 projects since inception in 1985.

Golden Growth Fund launched a real estate focussed AIF in September 2024 with a commitment to invest in South and Lutyens Delhi, making it the only fund to invest in this end-user, niche and lucrative real estate market.

“This AIF has seen a stupendous growth registering 28% IRR as on December 31, 2025. Professional management drives strategic planning and market insights, resulting in consistent income generation and long-term capital appreciation,” Jalan added. 

South Delhi Market scenario:

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.

·       Some of the Category-A and B colonies are Mayfair Garden, Panchsheel Park N Block, Panchsheel Park S & E Blocks, Sadhana Enclave, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chankyapuri, Golf Links, Jor Bagh, Sundar Nagar, Maharani Bagh, Chirag enclave, GK, Green Park, Gulmohar Park, Niti Bagh etc.

Price of Luxury Floors Trend:

The average price of independent floors rose between 25-34% in Category-A South Delhi colonies in 2025.

·       For a 2500 sq. ft. floor in Category A colony, the average price has risen from Rs 10-19 crore in 2024 to Rs 14-25 crore in 2025. Similarly for a 6000 sq. ft. floor, the price has risen from Rs 19-45 crore in 2024 to Rs 25-55 crore in 2025.

·      Similarly, the average price of independent floors in Category-B South Delhi colonies rose between 22-26%. For a 2500 sq. ft. floor, the price has risen from Rs 7-10 crore in 2024 to Rs 9-12.5 crore in 2025. For a 3200 sq. ft. floor, the prices have risen from Rs 11-16 crore in 2024 to Rs 14-19 crore in 2025.