Nimbus group raises Rs 150 crore from Bajaj Finance to revive a stuck housing project in Noida
Nimbus Projects Limited secured Rupees 150 crore from Bajaj Finance. The funds will revive a stalled housing project in Noida. Nimbus needs Rupees 1,100 crore, covering construction, lender payments, and dues. The project, Sunworld Arista, gains approval under Uttar Pradesh policy. Nimbus will complete the project and deliver common areas.