Nimbus Group to invest Rs 1,100 cr in premium housing project in Noida
The development, formerly stalled, is being revived under the Legacy Stalled Projects Scheme with formal approval from the New Okhla Industrial Development Authority.
Spanning approximately 10 acres, Sunworld Arista Luxe Phase II will comprise 342 luxury apartments in Towers 5, 7, 8, and 9, along with the completion of the clubhouse and common areas.
Noida-based realty player Nimbus Group has announced a Rs 1,100-crore investment to develop Arista Luxe Phase II, a premium residential project located in Sector 168, Noida. The development, formerly stalled, is being revived under the Legacy Stalled Projects Scheme with formal approval from the New Okhla Industrial Development Authority (NOIDA).
The company has stepped in as a co-developer via a Joint Development Agreement, aiming to restore buyer confidence and deliver on long-pending commitments.
Spanning approximately 10 acres, Sunworld Arista Luxe Phase II will comprise 342 luxury apartments in Towers 5, 7, 8, and 9, along with the completion of the clubhouse and common areas. With 65% open green spaces, a 1.6 lakh sq. ft. landscaped zone, and seven themed swimming pools, the project is positioned as a benchmark for luxury living in Noida. Key design features include expansive balconies, 11-ft floor-to-floor heights, double-height air-conditioned lobbies, and smart home automation, setting it apart in Noida’s high-end residential market.
With a completion target of 2029, Arista Luxe Phase II is a bank-funded project, financed through a combination of internal accruals and support from reputed institutional lenders. The development is backed by strong governance systems and 100% fund utilisation for the project, ensuring uninterrupted construction and timely delivery. The project is RERA-registered and has secured all requisite approvals from concerned authorities.
Bipin Agarwal, Chairman & Managing Director, Nimbus Group, said, “Our vision is to transform Arista Luxe Phase II into a vibrant, future-ready residential community that not only meets but exceeds buyer expectations. This investment reflects our deep commitment to restoring trust in stalled developments by delivering with transparency, financial discipline, and uncompromised quality. Sector 168 is a high-potential micro-market, and we see this revival as part of a larger mission: to bring momentum back to NCR’s real estate landscape through responsible development. As a listed and experienced developer, we are determined to turn this challenge into an opportunity that sets a new benchmark for completion and credibility.”
Sector 168, Noida, is a strategic micro-market, offering strong connectivity via the Noida-Greater Noida Expressway and easy access to the upcoming Noida International Airport and expanding metro network. Its prime central location ensures high accrual potential, making it attractive to both end-users and investors. The sector is surrounded by leading educational institutions and is emerging as a Fortune 500 corporate hub, adding to its live-work-play appeal. Nimbus’s earlier success with The Golden Palms in the same sector underlines the group’s long-term vision for the area.
Nimbus Group has successfully delivered several landmark projects in NCR, including “Express Park View I” in Chi-V, Greater Noida and “The Hyde Park” in Sector 78, Noida, all featuring a combination of residential and commercial units. The Group has also successfully completed development of Express Park View II in Greater Noida, comprising both low-rise and high-rise developments. With a strong track record in the region, Nimbus Group is also exploring further expansions and the revival of other stalled projects across Noida and Greater Noida.
