Grovy India Ltd acquires premium residential project at South Delhi

Grovy India Limited is pleased to announce the acquisition of a premium residential project located at South Delhi, New Delhi. This acquisition has been undertaken jointly with Golden Growth Fund, a Category II Alternative Investment Fund (AIF), marking a strategic collaboration that strengthens Grovy India Limited's presence in South Delhi's most sought-after residential localities.

The project represents another significant milestone in Grovy India Limited's growth and aligns with its vision to develop premium, high-quality real estate projects that redefine urban luxury living.

The project details are as follows:

- Partnership: Joint venture with Golden Growth Fund (Category II AIF)
- Project Type: Premium Ultra-Luxury Residential Development
- Estimated Total Build-up Area: Approximately 36,000 sq. ft (approx.)
- Revenue Potential: ₹33 Crores

This development is expected to significantly contribute to Grovy India Limited's overall revenue growth and enhance its reputation as a trusted name in the premium real estate segment.

Shares of Grovy India Ltd was last trading in BSE at Rs. 37.82 as compared to the previous close of Rs. 38.00. The total number of shares traded during the day was 4822 in over 32 trades.

The stock hit an intraday high of Rs. 39.99 and intraday low of 37.50. The net turnover during the day was Rs. 184100.00.

Source : Equity Bulls

Keywords

GrovyIndia INE343C01012 RealEstateInvestment Acquisition PremiumResidentialProject SouthDelhi GoldenGrowthFund