- Business
- Nimbus Projects Limited Nimbus Projects Limited (NIMBSPROJ.BO) engages in real estate development for residential, commercial, and retail purposes primarily in the Delhi National Capital Region (NCR) of India, including Noida and Greater Noida; the company develops townships, group housing projects such as Express Park View, The Hyde Park, and The Golden Palms, office spaces, commercial-shopping malls, hotels, and resorts, while also providing land identification and acquisition, project planning and management, designing, marketing, execution, real estate consultancy, investment advisory, and construction services. Incorporated in 1993 as NCJ Financial Services Private Limited, originally focused on financial services and later information technology and software development, it transitioned to real estate in 2010 with a name change from NCJ International Limited and maintains headquarters at 1001-1006, 10th Floor, Narain Manzil, 23 Barakhamba Road, New Delhi, India. Operations encompass construction through special purpose vehicles (SPVs) on long-term leasehold land from authorities like the New Okhla Industrial Development Authority (NOIDA), Greater Noida Industrial Development Authority (GNIDA), and Yamuna Expressway Authority (YEA), totaling around 265,000 square meters under various development stages, with a current focus on residential projects in NCR and a hospitality portfolio including hotels in Bengaluru and Delhi.[website] In recent developments, Nimbus Projects enters a joint development agreement as co-developer for the stalled Sunworld Arista Phase-II residential project in Noida, approved under Uttar Pradesh's co-development policy, committing up to Rs 1,000 crore investment including Rs 200 crore promoter contribution and Rs 200 crore construction finance to revive towers 5, 7, 8, and 9 plus club facilities totaling 12,162 square meters, securing development and sales rights over about one million square feet of saleable area with expected Rs 1,400 crore revenue; the company reports consolidated revenue of Rs 17,830 million and profit of Rs 6,368 lakh for fiscal year 2025 alongside strong Q2 FY 2026 sales bookings of Rs 239 crore.[screener]