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Grovy India Ltd., a South Delhi-based real estate developer listed on the BSE, has expanded its project pipeline to 1,89,000 sq. ft., covering both ongoing and upcoming luxury independent-floor developments. Its Q2 FY26 update shows 1,42,000 sq. ft. under construction and 47,000 sq. ft. in future projects, aligning with rising demand for high-end redevelopment in prime neighbourhoods. The company also reported sharp financial growth, with net profit up 1180% and revenue rising 1142%. Strong interest in South Delhi's luxury floors, supported by steady price appreciation and limited supply, continues to drive redevelopment. Grovy India aims to strengthen its presence in this premium micro market.
Grovy India Ltd., the South Delhi-headquartered real estate company listed on the BSE, announced earlier this week that it has expanded its development pipeline to about 1,89,000 sq. ft., reinforcing its presence in one of the capital's most premium markets. The enlarged pipeline covers both ongoing and upcoming developments across South Delhi, an area where demand for luxury independent floors has remained consistently high. Advertisement
According to the company's Q2 FY26 investor update shared earlier this week, the development spread includes nearly 1,42,000 sq. ft. of ongoing projects and an additional 47,000 sq. ft. of future developments. The company, which has been active since 1985 and has delivered more than 100 projects, highlighted that this expansion is aligned with the rising appetite for high-end redevelopment-led housing in prime neighbourhoods.
Grovy India also reported significant financial acceleration in the past week. The firm's net profit increased by 1180% to INR 37.63 lakhs in Q2 FY26, compared with INR 2.49 lakhs during the same period a year earlier. Total revenues rose by 1142% to INR 1552.87 lakhs, reflecting stronger project activity and higher-value transactions.
Nishit Jalan, CEO of Grovy India, stated that the exceptional growth demonstrated the company's focus on delivering premium spaces and meeting rising demand for luxury independent floors across South Delhi. He noted that the mix of active and future projects would strengthen the company's portfolio while reinforcing its track record in execution and innovation.
Market trends have also supported this momentum. Independent floors in South Delhi have experienced steady price appreciation due to persistent demand and limited supply-a trend consistent with leading global cities. A report by Golden Growth Fund (GGF), a Category-II real estate-focused Alternative Investment Fund, noted that redevelopment activity, increasing preference for luxury homes, and renewed buyer confidence have pushed prices up by 12-17% across Category A and B colonies in the third quarter of this year.
This trend has encouraged many local homeowners to monetise or redevelop their plots to maximise capital values and rental yields through better utilisation of floor space index (FSI). Jalan observed that South Delhi continues to outperform other micro markets due to its sustained demand, investment reliability, robust social and physical infrastructure, and connectivity to major commercial and entertainment clusters.
Grovy India's latest expansion signals its intention to consolidate its presence in a premium but supply-constrained micro market where redevelopment demand remains high. With its strengthened pipeline and notable financial performance this past week, Grovy India appears positioned to take advantage of both market sentiment and long-term redevelopment opportunities.
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