Grovy India Buys ₹33 Crore Ultra-Luxury South Delhi Project; Shares Rise 2%

Authored By Shishta Dutta | Published at: Oct 15, 2025 03:16 PM IST

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New Delhi, 15 October 2025 – Grovy India Ltd (BSE: 539522) shares increased 2.11% in Wednesday morning trading after the company announced buying a South Delhi luxury residential project. The project is being undertaken in association with Golden Growth Fund – a Category 2 Alternative Investment Fund- and is a strategic entry into the luxury realty business of Grovy India.

With a head office in New Delhi, Grovy India Ltd is a listed property developer of high-end residential and commercial developments. The group, renowned for design perfection and master craftsmanship, is eyeing the National Capital Region to make its presence felt through strategic joint ventures and value-rich developments.

Project Details

The newly acquired development spans an estimated 36,000 sq. ft of built-up area in one of Delhi’s most posh localities. The project’s revenue potential is pegged at approximately – ₹33 crore. Whole-Time Director and CEO Nishit Jalan stated that the acquisition aligns with the company’s long-term strategy to expand in the high-end residential segment, reaffirming Grovy India’s focus on premium, design-led real estate.

Market Reaction

As of the last update, the stock was trading at ₹39.17, trading between ₹37.00 and ₹98.20 in the last 52 weeks. Some of the notable figures are an EPS (TTM) of ₹2.36, a P/E of 16.60, and an ROE/PB of 16.92/2.81. The total market cap of the company is at ₹52.24 crore.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/e359bcf9-c209-4c72-a1be-31d2b7c8cd83.pdf

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