Announced Thu, 25 Jun · 13:36 IST
Nimbus Projects signs MoU for 25-acre township in Mathura
NIMBSPROJ · price
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Price reaction · full curve 14 horizons · vs prior close
-3.8%1-day move
₹207.95
prior close
₹209.99
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-3.8-4.3-2.9-1.4-2.9-3.3-3.8-6.9——
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AI summary
Nimbus Projects executed an MoU with three land owners to develop a 25-acre residential township at Neemgaon, Mathura, UP. Under a 50:50 revenue sharing model, the company will handle planning, approvals and construction. Terms include Rs. 20 crore non-refundable upfront and Rs. 10 crore refundable security deposit upon JDA execution. This follows the initial MoU dated May 22, 2026. Definitive documents including the JDA are yet to be executed.
Likely market impact
Expands company footprint in UP real estate with a sizeable township project. Execution of the JDA remains a key milestone to watch.