### **Overview** Nimbus Projects Limited, part of the larger Nimbus Group, is a prominent real estate developer with a strong footprint in the National Capital Region (NCR). Under the leadership of CMD Bipin Agarwal, the company has positioned itself as a trusted name in residential and commercial development, emphasizing **transparency, timely delivery, and quality construction**. As a listed entity backed by reputed investors and financial institutions, Nimbus Projects is focused on sustainable urban development and restoring confidence in stalled real estate projects. --- ### **Strategic Focus & Market Presence** - **Geographic Focus**: Primarily operates in **Delhi-NCR**, particularly Noida, Greater Noida, and Yamuna Expressway corridor, with diversification into **Puducherry**. - **Core Philosophy**: Reviving stalled projects under government schemes (e.g., Legacy Stalled Projects Scheme), promoting **financial discipline, transparency, and customer-centric delivery**. - **Expansion Strategy**: Actively exploring new residential and commercial opportunities in high-growth micro-markets to strengthen its portfolio. --- ### **Key Projects & Developments** #### **1. Arista Luxe Phase II – Sector 168, Noida** - **Revival Initiative**: Nimbus Group is investing **₹1,100 crore** to redevelop this **stalled luxury residential project** under the RERA-registered Legacy Stalled Projects Scheme. - **Project Details**: - 10-acre integrated development - 342 luxury apartments (including 474 three-bedroom units of ~1,128 sq ft carpet area and 702 one-bedroom units of ~248 sq ft) - 48 low-rise (G+4) and two 13-floor high-rise towers - Seven themed swimming pools, smart home-enabled amenities, and expansive green spaces - 44 commercial shops - **Sales Momentum**: As of March 31, 2025, **810 flats** had been booked. - **Completion**: Expected by **2029**. - **Location Advantage**: - Sector 168 offers excellent connectivity via the **Noida-Greater Noida Expressway** - Proximity to **Noida International Airport (under construction)** and expanding metro network - Close to corporate hubs, educational institutions, and social infrastructure - **Funding & Compliance**: Fully RERA-registered and backed by **bank funding**, reinforcing credibility and risk mitigation. #### **2. Sunworld Astra Phase II – Sector 168, Noida** - **Co-Development Role**: Nimbus Group signed an MoU on **September 2, 2024**, as co-developer for Phase II. - **Scope**: Construction of **four towers (Towers 5, 7, 8, 9)** with **344 residential units and a club**. - **Status**: Appointed by Noida Authority on **October 26, 2024**; formal agreement pending final settlement of underlying loans. #### **3. The Golden Palms – Sector 168, Noida (by Capital Infraprojects Pvt. Ltd.)** - **Fully Completed**: All three phases have received **Completion Certificates**. - **Units**: 1,408 residential flats (studio to 4BHK) + 52 commercial units. - **Sales Performance**: - ₹684.76 crore collected as of March 31, 2025 (up from ₹681.61 crore in FY2024) - 1,393 residential and 49 commercial units booked - **Ownership**: 98% stake held via **Indogreen International**, a partnership firm that also operates **The Golden Palms Hotel & Spa**, operational since June 2013. #### **4. Nimbus The Palm Village – Greater Noida** - **Subsidiary Operation**: IITL Nimbus The Palm Village (95% owned) is executing this project. - **Location**: Plot No. GH-03, Sector 22A, Greater Noida; **RERA Registration No.: UPRERAPRJ558356/04/2024** - **Composition**: - 702 one-bedroom flats (avg. 248 sq ft) in two 13-floor towers - 470 three-bedroom low-rise apartments (2,100–2,175 sq ft) across 48 G+4 buildings - 4 commercial units - **Sales**: ₹148.42 crore collected from booking of **579 studio and 227 three-bedroom units** (as of March 31, 2025) #### **5. Pelican Belfort Extension – Puducherry** - **Strategic Location**: Adjacent to MGMCRI, bordered by three highways, and near **Bahour Lake**, a tourist hotspot enhancing demand appeal. - **Approvals**: Puducherry Planning Authority-approved and RERA-registered. - **Land & Layout**: - Total approved area: **98,120.94 sq m** - 394 plots covering **68,826.41 sq m** of land - **FY2024–25 Sales**: 36 plots sold (~62,737 sq ft); infrastructure (roads, STP, power) under development. - **Target**: Full plot disposal in the near term. --- ### **Land Bank & Development Model** - **Total Leasehold Land**: ~**265,000 sq m** (approx. 65 acres), secured through **Special Purpose Vehicles (SPVs)**. - **Allotment Source**: Long-term leases under **Builders Residential Scheme (BRS)** from **NOIDA, GNIDA, and Yamuna Expressway Authority (YEA)**. - **Development Approach**: SPV-based model enables focused project execution, risk segregation, and compliance with regulatory norms. --- ### **Project Delivery Track Record** - **First Completed Project**: **Express Park View-I**, Sector CHI V, Greater Noida - 332 flats, **fully sold** - 304 sub-lease deeds executed as of March 31, 2025 - **Other Delivered Projects**: - Express Park View II - The Hyde Park – Noida - **RWA Formation**: Maintenance of common areas handed over to legally constituted Resident Welfare Associations (RWAs), reflecting operational maturity. --- ### **Subsidiaries & Associated Entities** | Entity | Stake | Sector | Key Details | |-------|-------|--------|-----------| | **IITL Nimbus The Palm Village** | 95% | Real Estate | Active subsidiary (since April 1, 2024); executing The Palm Village project | | **Golden Palms Facility Management Pvt. Ltd.** | 50% (reported 0%) | Facility Management | Potential reporting discrepancy; may be non-operational | | **Indogreen International (Partnership Firm)** | 98% | Hospitality | Operates **The Golden Palms Hotel & Spa**, operational since 2013 |