Nimbus Projects takes over stalled residential project in Noida, to invest Rs 1,000 crore

Nimbus Projects Ltd will invest nearly Rs 1,000 crore to revive the stalled Sunworld Arista housing project in Noida, gaining about a million sq ft of saleable area. Approved under UP’s co-development policy, the project anticipates Rs 1,400 crore in revenue while addressing RERA cases and financial closures.