Nimbus Group to invest Rs 1,100 crore to develop residential project in Noida, eyes Rs 1,500 crore topline

Nimbus Group to invest Rs 1,100 crore to develop residential project in Noida, eyes Rs 1,500 crore topline

Delhi NCR-based listed real estate developer Nimbus Group has announced to invest Rs 1,100 crore to develop a premium residential project in Noida.

The development, formerly stalled, is being revived under the “Legacy Stalled Projects Scheme” of the Uttar Pradesh government with formal approval from the Noida Authority under its co-developers policy.

Bipin Agarwal, CMD, Nimbus Group, said that Nimbus Group has stepped in as co-developer via a joint development agreement, aiming to restore buyer confidence and deliver on long-pending commitments.

The project named as “Arista Luxe Phase-II” will be a premium residential project located in Sector 168 in Noida. Spanning approximately 10 acres, the phase-II of the will comprise 342 luxury apartments across four towers along with the completion of the clubhouse and common areas.

“It was a stuck project and we have acquired it from Sunworld Developers under co-developers policy of the Noida Authority. We will invest around Rs 1,100 crore to complete the project and we expect a top line of Rs 1,500 crore from the project. We have taken a funding of Rs 150 crore from Bajaj Finance for construction of the project and remaining investment will be met through internal accruals,” he said.

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Agarwal said that the company will pay Rs 180 crore legacy land dues of Noida Authority and have already paid Rs 40 crore bank dues. The project also got its RERA approval in July 2025.

Arista Luxe Phase-II will offer apartments in 3, 4 and 5 BHK combinations ranging from 2,350 to 4,000 square foot. The project will have a saleable area of 1.1 million square foot.

“The ticket price of apartments in the project will range between Rs 4 crore and Rs 8 crore depending on the size and floor. Our vision is to transform Arista Luxe Phase II into a vibrant, future-ready residential community. This investment reflects our deep commitment to restoring trust in stalled developments by delivering with transparency, financial discipline, and uncompromised quality,” Agarwal said.

Sector 168 in Noida is a high-potential micro-market offering strong connectivity via the Noida-Greater Noida Expressway and easy access to the upcoming Noida International Airport and expanding metro network.

Nimbus Group has successfully delivered projects in NCR, including “Express Park View I” in Chi-V in Greater Noida and “The Hyde Park” at Sector 78 in Noida. The company has so far delivered over 12 million square foot of space.