Nimbus Projects secures $3.11M related-party loan to fund Noida builds
What's the deal? Nimbus ProjectsDealroom has a profile for this one. Try Dealroom → has received shareholder approval for an unsecured loan facility of up to US$4.07M (roughly $3.11 million) from its associate World Resorts LimitedDealroom has a profile for this one. Try Dealroom →. The facility carries a 10% annual interest rate over a two-year tenure and comprises a US$3.4M fresh limit plus an existing US$679K credit line.
What's the endgame? The developer plans to use the non-dilutive capital to strengthen cash flows and speed up construction across its residential portfolio in Noida and Greater Noida. Keeping the debt unsecured leaves its land parcels unmortgaged, preserving room for project-specific construction finance later.
Why now? The approval follows a run of related-party fundraising. Nimbus fully retired a US$20.4M secured loan from Bajaj Housing Finance LimitedDealroom has a profile for this one. Try Dealroom → in early 2026, then pivoted to cheaper associate credit — including a separate US$8.15M facility from Nimbus (India) LimitedDealroom has a profile for this one. Try Dealroom → at 12%.
The World Resorts line undercuts that rate. Nimbus holds a 25.32% associate stake in the lender, and shareholders cleared the transaction at the company's 33rd annual general meeting.
By the numbers: Q1 FY27 pre-sales booking value rose 134.31% year on year to US$21.4M, while cash collections grew 49.75% to US$10.3M. The company frames the new facility as added working-capital cushioning against that demand.
The signal: The quick re-raise shows Nimbus leaning on its promoter and associate ecosystem to source low-cost, unsecured credit and cut reliance on commercial banks. For a mid-sized developer riding a Noida demand surge, unencumbered balance-sheet room is the lever that keeps execution on schedule.
Read more: sahi.com
Image credit: Jnzl's Photos
