Availing of secured loan/ credit facility of Rs.200 crore from Aditya Birla Housing Finance Limited.
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Nimbus Projects Ltd's board has approved availing a secured loan of Rs. 200 crore from Aditya Birla Housing Finance Limited (ABHFL) for its real estate project 'SUNWORLD ARISTA (PH-2 T-5,7,8,9) CLUB'. The facility will be disbursed in tranches at a floating interest rate of 11.75% per annum over a 72-month (6-year) tenure, with the sanction letter dated February 17, 2026. The loan is secured by a second charge on the project land at Sector 168, Noida (first charge held by Noida Authority), along with hypothecation on sales receivables from the project's sold and unsold units, an escrow account, and a 3-month interest service reserve account.
This new credit facility provides Rs. 200 crore of project-specific funding for Nimbus Projects' residential development in Noida, signalling continued lender confidence in the project. The relatively high interest rate of 11.75% and the exclusive project-level security are typical of real estate construction finance and add to the company's overall debt obligations.