Grovy India Ltd, the South Delhi–based and BSE-listed real estate developer, has expanded its development pipeline to 1.89 lakh sq. ft. across ongoing and upcoming projects in the region. According to its Q2 FY26 investor presentation, the company now has 1.42 lakh sq. ft. under active development and another 47,000 sq. ft. in the pipeline, as it strengthens its footprint in one of Delhi’s most sought-after luxury housing markets.

Grovy India Ltd., a real estate development and consultancy company established in 1985, has completed more than 100 projects.

The company recorded 1180% increase in net profit at Rs 37.63 lakhs in Q2 FY26 as compared to 2.49 lakhs in the same period last year. The total revenues jumped by 1142% to Rs 1552.87 lakhs.

Nishit Jalan, CEO, Grovy India, said, “The strong growth underscores our commitment to delivering high-quality spaces while meeting the rising demand of luxury independent floors in South Delhi. With a balanced mix of active and planned developments, we are poised to enhance our portfolio, create long-term value, and reinforce our reputation for consistent execution and innovation.”

Like global metropolises, the price of independent floors in South Delhi has seen a consistent increase owing to higher demand amidst limited supply. According to a report by Golden Growth Fund (GGF), a Category-II real estate focussed Alternative Investment Fund (AIF), a surge in redevelopment activity, growing preference for luxury housing and renewed buyer confidence in the Delhi real estate market have pushed up average price of independent floors in South Delhi between 12-17% across Category A and B colonies in the third quarter of 2025.

As a result, local inhabitants have been looking to monetise their land or redevelop it with better FSI utilization in order to lift the capital value and rental income.

“South Delhi scores over other micro markets in factors like consistent demand, reliable and safe investment, good return on investment, robust infrastructure and connectivity to employment and entertainment hubs,” Jalan added.