Nimbus Projects has entered into a strategic investment agreement with Sankalp Agencies (SAPL) for making a strategic investment in a real estate development project being undertaken by SAPL at Hari Nagar, New Delhi.
Under the agreement, the company shall provide a strategic financial contribution of Rs 15.00 crore towards the development cost of the project. SAPL shall utilise the investment solely towards development and completion of the project and shall obtain/maintain the requisite approvals and undertake the development of the project in accordance with applicable laws and approvals.
Nimbus Projects is engaged in the business of developing real estate properties for residential, commercial and retail purposes.