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AgenciesRepresentative image The Uttar Pradesh Industrial Development Authority (UPIDA) has ordered the Yamuna authority to recalculate the land allotment to listed developer Nimbus Projects, giving them extra 1.1 million sq ft area with a development potential of Rs 1,100 crore. Acting on the company’s revision petition, the principal secretary, department of industrial development, government of Uttar Pradesh, has directed Yamuna Expressway Industrial Development Authority to recalculate the land allotment after giving due credit for the interest paid by the firm. The revision petition was filed after the firm had earlier surrendered 55,219.178 sq. m. of land from a total of 102,995.70 sq. m. under the Project Settlement Policy (PSP) framework. The Principal Secretary’s order, dated July 15, 2025, effectively accepted the company’s plea, bringing the long-pending issue to a close and paving the way for future development.“The favourable order from the government will help is in accelerating next phase of growth. Our focus remains on creating high-quality developments that balance design excellence with long-term value,” said Bipin Agarwal, chairman and managing director of Nimbus Projects Limited.The order in connection with its long-standing IITL-Nimbus project case under the Unified Regulations 2025 will help the builder get an additional 24,365 sq. m. with a permissible FAR of 3. Live EventsThe order, which comes after a protracted matter concerning IITL-Nimbus The Palm Village Project, Sector-03, YEIDA, enables Nimbus to develop roughly 1.10 million sq. ft. of new saleable area in the project.Alongside this legal and regulatory progress, Nimbus Projects Limited reported a steady rise in operational performance during the second quarter of FY 2025-26. The company’s sales bookings rose 8.63% year-on-year to Rs 239 crore in Q2 FY 2025-26, compared with Rs 220 crore in the same period last year. Total pre-sales during the first half of FY26 stood at Rs 311 crore, while collections climbed to Rs 70 crore in Q2 FY 2025-26, marking an 8.63% increase.Nimbus Projects Limited, which has been steadily strengthening its footprint in Noida and Greater Noida, has also forayed into the premium housing segment with the acquisition of Sunworld Arista Phase 2, a project featuring around 1.10 million sq. ft. of saleable area.Nimbus Projects Limited is a publicly listed real estate company headquartered in New Delhi. The company has delivered several residential and commercial developments across Delhi-NCR and continues to expand into premium housing.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onnimbus projects limitedNimbus ProjectsUttar Pradesh Industrial Development AuthorityYamuna authorityYamuna Expressway Industrial Development Authorityuttar pradeshNimbus extra landUttar pradesh landuttar pradesh real estate (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onnimbus projects limitedNimbus ProjectsUttar Pradesh Industrial Development AuthorityYamuna authorityYamuna Expressway Industrial Development Authorityuttar pradeshNimbus extra landUttar pradesh landuttar pradesh real estate(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
