Nimbus Projects Secures UP-RERA Approval as Co-Promoter for Sunworld Arista Phase-II in Noida

Nimbus Projects Limited (NPL) has achieved a significant milestone in its real estate ventures by obtaining approval from the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) to act as a co-promoter for the Sunworld Arista Phase-II residential project in Noida. This development marks a crucial step forward for the company in expanding its presence in the competitive real estate market of Uttar Pradesh.

Project Details

The approved project, officially titled "Sunworld Arista (PH-2 T-5,7,8,9)," is located in Sector 168, Noida, Uttar Pradesh. It has been registered with UP-RERA under the registration number UPRERAPRJ11625. This regulatory green light allows Nimbus Projects to collaborate with Sunworld Residency Private Limited, the other promoter of the project, in its development and promotion.

Regulatory Compliance

In a disclosure to the Bombay Stock Exchange (BSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Nimbus Projects revealed that it received the UP-RERA approval on July 19, 2025. The company officially acknowledged receipt of the approval letter on July 22, 2025, promptly informing stakeholders of this significant development.

Implications for Nimbus Projects

As a co-promoter, Nimbus Projects will share responsibilities with Sunworld Residency Private Limited in the development and promotion of the Sunworld Arista Phase-II project. This collaboration is expected to leverage the strengths of both entities, potentially leading to enhanced project execution and market positioning.

Market Impact

While the specific financial implications of this approval have not been disclosed, the co-promoter status is likely to contribute positively to Nimbus Projects' portfolio and market presence. It demonstrates the company's ability to secure regulatory approvals and engage in significant real estate projects in prime locations like Noida.

This development aligns with Nimbus Projects' strategy to expand its footprint in the real estate sector, particularly in the National Capital Region (NCR). The Sunworld Arista project, being in a prime location in Noida, could potentially offer substantial opportunities for the company in terms of revenue generation and brand enhancement.

Investors and stakeholders will be keenly watching how this co-promotership translates into tangible benefits for Nimbus Projects in the coming quarters. The successful execution of this project could pave the way for similar collaborations and approvals in the future, further strengthening the company's position in the real estate market.

As the project progresses, Nimbus Projects has committed to providing updates to the stock exchange regarding any significant developments or impacts related to this approval, ensuring transparency and compliance with regulatory requirements.