HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Nimbus Projects enters into MoU with Kaamag, Maayins Real Estate
May-23-2026

Nimbus Projects has entered into a Memorandum of Understanding (MoU) with Kaamag and Maayins Real Estate in relation to proposed collaboration/development of approximately 25 acres of land situated at Neemgaon, Tehsil Govardhan, District Mathura, Uttar Pradesh.

The company proposed to pay Rs 20 crore as non-refundable upfront amount at the time of execution of definitive joint development agreement and additional Rs 10 crore within 60 days or launch of the project, whichever is earlier, as adjustable/refundable security deposit.

The proposed project shall be undertaken under a joint development/revenue sharing model between the parties. The company shall undertake activities relating to approvals, development, marketing and other related project activities. The revenue/constructed saleable area is proposed to be shared between the parties in the ratio of 50:50 for residential and commercial development.

Nimbus Projects is engaged in the business of developing real estate properties for residential, commercial and retail purposes. 


  RELATED NEWS >>