Nimbus Projects Limited (BSE: NIMBSPROJ), a leading real estate developer in Delhi-NCR, has demonstrated remarkable growth in sales and collections for Q3 and the nine-month period of FY 2024-25. This performance further strengthens its position as a key player in the real estate sector.
Strategic Expansion & Luxury Developments
Nimbus Group is actively expanding its portfolio with a strong pipeline of luxury and premium residential developments across prime urban locations. Committed to quality, innovation, and timely execution, the company continues to address the evolving needs of homebuyers, reinforcing its market leadership.
In September 2024, Nimbus received recognition from the NOIDA Authority as a Co-Developer for Phase II of the “Arista” group housing project in Sector 168, Noida. This phase includes four residential towers (5, 7, 8 & 9) featuring 344 luxury flats, a clubhouse, and common areas, covering 12,000 square meters. Nimbus has also applied for U.P. RERA registration to be recognized as the project’s promoter. To ensure seamless execution, the company has partnered with renowned contractor B.L. Gupta Construction Pvt. Ltd. under a ₹350 crore Cost-Plus Contract.
The company has already invested over ₹130 crore in its upcoming luxury project, which is expected to generate a top-line revenue of ₹1,500 crore. This development is set to drive strong pre-sales momentum and robust cash flow visibility.
Achieving Key Financial Milestones
Nimbus Group has surpassed its target of achieving ₹1,000 crore in topline revenue for FY 2024-25, with the upcoming luxury project playing a key role in generating ₹1,500 crore in revenue.
Leadership Commentary
Mr. Bipin Agarwal, Chairman and Managing Director of Nimbus Projects Limited, stated:
“Nimbus Projects Limited remains committed to delivering excellence in real estate. Our strong sales and collection performance in Q3 FY25 and 9M FY25 reflects the trust customers place in our projects. With increasing sales volume across our developments, we are well-positioned to sustain growth in the coming quarters.”
“As we focus on launching high-end developments that redefine urban living, we remain committed to affordability and quality. Our projects are designed to set new benchmarks in architectural excellence and sustainability. With operational efficiencies and a customer-centric approach, we are confident in delivering long-term value to our stakeholders.”
About Nimbus Group
- A Trusted Name in Real Estate: Nimbus Group is a prominent real estate development company in Delhi-NCR, known for delivering high-quality residential and commercial projects. With a strong legacy of excellence, the company is dedicated to innovation, timely project execution, and customer satisfaction.
- Proven Track Record: Over the years, Nimbus Group has successfully developed approximately ten million square feet of residential and commercial spaces. With a robust pipeline of one million square feet in upcoming developments, the company continues to expand its presence to meet the growing demand for luxury, premium, and affordable housing solutions.
- Financial Strength & Governance: Backed by reputed investors and financial institutions, Nimbus Group adheres to the highest standards of corporate governance and operational efficiency. With a strategic focus on sustainable development and modern infrastructure, the company is committed to driving growth and strengthening its market presence.
For more information, visit Nimbus Group’s official website.
