Grovy India Ltd

• Grovy India acquires a premium residential project in South Delhi. • Joint venture with Golden Growth Fund, a Category II AIF. • Project has 36,000 sq. ft. build-up area. • Estimated revenue potential of ₹33 Crores.

🏢 Acquisition of Premium Residential Project in South Delhi

📌 Project Overview:

• Grovy India Limited has acquired a premium ultra-luxury residential project in South Delhi, an area noted for high-end housing.
• The project encompasses about 36,000 sq. ft of built-up area.

🤝 Strategic Collaboration:

• The acquisition is executed jointly with Golden Growth Fund, a Category II Alternative Investment Fund (AIF).
• This partnership aims to strengthen Grovy India's market presence in a sought-after residential locality.

💰 Financial Aspects:

• The project offers an estimated revenue potential of ₹33 Crores, suggesting a substantial addition to future revenues.

📈 Business and Growth Impact:

• This acquisition aligns with Grovy India's goal to build premium, high-quality real estate projects redefining urban luxury.
• It marks a significant milestone and may enhance the company’s reputation in the luxury real estate sector.

⚠️ Additional Notes:

• The company mentioned that this voluntary disclosure does not qualify as "Material Information," yet it provides investors insight into growth efforts.

Overall, the news illustrates a strategic expansion into the premium residential segment via a joint venture, indicating potential revenue growth and improved market positioning.