Luxury real estate boom: Nimbus Projects reports staggering 868% sales surge in Q3 FY25

Nimbus Projects Limited (BSE: NIMBSPROJ), a leading real estate developer in Delhi-NCR, has reported exceptional sales growth for the third quarter of FY25, solidifying its standing in the real estate sector. The company has witnessed a sharp increase in sales and collections, reflecting strong consumer confidence and a surge in demand for luxury residential projects.

For the nine-month period ending December 2024, Nimbus Projects recorded ₹491.37 crores in total sales, reflecting a 352.67% year-on-year increase compared to the same period in FY24. The company’s quarterly performance was particularly impressive, with ₹278 crores in Q3 FY25 sales, marking a staggering 868% surge from Q3 FY24. This rapid expansion highlights Nimbus Projects’ ability to meet evolving homebuyer demands with premium and high-quality developments.

What Is Driving Nimbus Projects’ Strong Sales Momentum?

The unprecedented strong sales momentum is attributed to a combination of factors, including strategic project execution, timely completion, and a rising preference for premium housing in urban centers. The company’s ability to deliver high-end residential spaces with modern infrastructure and world-class amenities has strengthened its foothold in the luxury real estate sector.

Additionally, collections have surged alongside sales. Nimbus Projects reported ₹183.38 crores in total collections for 9M FY25, representing a 100.63% growth from the previous year. Collections for Q3 FY25 alone reached ₹91.03 crores, marking a 210% increase over Q3 FY24. This robust performance indicates strong pre-sales momentum and heightened buyer confidence in Nimbus Projects’ portfolio.

How Is Nimbus Projects Expanding Its Luxury Residential Portfolio?

Nimbus Projects has been strategically expanding into the premium and luxury residential project segment. The company currently has a development pipeline of 11 lakh square feet, including a high-end project in Sector 168, Noida, with an estimated top-line sales potential of ₹1,500 crore. This development marks Nimbus Projects’ formal entry into the upscale housing segment, reflecting its long-term vision of catering to premium homebuyers.

A major milestone in this expansion was the company’s recognition by the NOIDA Authority in September 2024 as a co-developer for Phase II of the Arista Group Housing Project in Noida. The development will include four residential towers, featuring 344 luxury flats, a state-of-the-art clubhouse, and common areas across 12,000 square meters of prime land. Nimbus Projects has also applied for U.P. RERA registration to be formally recognized as the project’s promoter, reinforcing its commitment to regulatory compliance and transparency.

How Is Nimbus Projects Ensuring Seamless Execution of Its Projects?

To ensure high-quality construction and efficient project execution, Nimbus Projects has partnered with B.L. Gupta Construction Pvt. Ltd. under a ₹350 crore cost-plus contract. The company has already invested ₹130 crore into its upcoming luxury residential project, signaling its commitment to delivering premium homes with best-in-class amenities.

This strategic investment is expected to fuel strong pre-sales momentum, offering the company robust cash flow visibility in the coming quarters. With the estimated revenue potential of ₹1,500 crore, the development in Noida is positioned to be a key revenue driver, further consolidating Nimbus Projects’ position in the real estate sector.

What Revenue Milestones Has Nimbus Projects Achieved?

Nimbus Projects has already met and surpassed its initial FY25 revenue target of ₹1,000 crore, driven largely by the success of its luxury residential project in Noida. The company’s ability to exceed its topline goals reflects its strong sales momentum, market adaptability, and efficient project execution.

Commenting on the company’s performance, Bipin Agarwal, Chairman and Managing Director of Nimbus Projects Limited, emphasized the company’s strategic focus on delivering value-driven residential developments. He noted that the company’s remarkable growth was a testament to customer trust, operational efficiency, and a commitment to excellence in real estate.

“We remain committed to launching high-end developments that redefine urban living while maintaining affordability and quality. Our ongoing projects are designed to establish new benchmarks in sustainable development, ensuring long-term value for our stakeholders,” Agarwal stated.

What Sets Nimbus Projects Apart in the Competitive Real Estate Sector?

Nimbus Projects has established itself as a major player in the real estate sector, with a strong focus on delivering luxury residential projects in key urban hubs. The company has already developed 10 million square feet of residential and commercial space, with an additional one million square feet of upcoming projects.

With backing from reputed investors and financial institutions, Nimbus Projects maintains the highest standards of corporate governance, ensuring transparency, operational efficiency, and long-term sustainability. Its strategic approach to integrating modern infrastructure with urban housing demands positions it as a frontrunner in the ever-evolving real estate sector.

What Are the Future Prospects for Nimbus Projects?

Looking ahead, Nimbus Projects is well-positioned to sustain its strong sales momentum by focusing on high-growth real estate markets and launching premium developments that cater to evolving homebuyer preferences. With demand for luxury housing on the rise, the company remains confident in maintaining its strong pre-sales performance and expanding its footprint across Delhi-NCR and beyond.

As the company continues to refine its project pipeline and expand into new segments, its unwavering commitment to quality, innovation, and customer satisfaction is expected to drive long-term growth. Backed by strong financials and strategic partnerships, Nimbus Projects is set to remain a key player in the Indian real estate sector.