Nimbus group targets tier-2 expansion, signs MoU for Mathura township

Realty developer Nimbus Group has signed a Memorandum of Understanding (MoU) for the development of an integrated township project in Mathura, under the Uttar Pradesh Township Policy, 2023.

The company is actively evaluating opportunities in other high-growth Tier II and Tier III cities, including Meerut, Vrindavan, Hapur, Rudrapur, Muzaffarnagar, Bareilly and Rohtak, through integrated townships and mixed-use developments.

“We believe Mathura's growing religious tourism, improving infrastructure and increasing demand for organised real estate make it an attractive long-term growth market. With our disciplined execution capabilities and customer-first philosophy, Nimbus is well-positioned to capitalize on these emerging opportunities while creating sustainable long-term value for our customers, investors and all stakeholders,” said Bipin Agarwal, Chairman and Managing Director of the group.


During the first quarter of FY 2026-27, the firm reported 134.31% year-on-year growth in pre-sales booking value, supported by residential demand, customer collections, and continued execution across its project portfolio.

The Company recorded pre-sales booking value of Rs 157.36 crore during Q1 FY27, compared with Rs 67.16 crore in the corresponding quarter of the previous financial year. Customer collections also increased significantly to Rs.75.91 crore from Rs.50.69 crore, registering a growth of 49.75%.

“Looking ahead, the NCR, particularly Noida, Greater Noida and the Yamuna Expressway (YEIDA) corridor, is witnessing unprecedented infrastructure-led transformation. The launch of Noida International Airport, Ganga Expressway, expanding metro connectivity, industrial and logistics hubs, along with the proposed Japan City and Singapore City developments, have the potential to significantly enhance the region's investment appeal and reinforce long-term demand for quality residential and mixed-use developments,” said Agarwal.