Realty major Nimbus Group has announced an investment of Rs 1,100 crore to develop Arista Luxe Phase II, a premium residential project located in Sector 168, Noida.
The development, formerly stalled, is being revived under the Legacy Stalled Projects Scheme with formal approval from the New Okhla Industrial Development Authority (NOIDA), the Noida-based real estate player said in a statement.
The company has stepped in as co-developer via a joint development agreement, aiming to restore buyer confidence and deliver on long-pending commitments.
Features of the luxury housing project
Spanning approximately 10 acres, Sunworld Arista Luxe Phase II will comprise 342 luxury apartments in Towers 5, 7, 8, and 9, along with the completion of the clubhouse and common areas, the statement said.
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With 65% open green spaces, a 1.6 lakh sq. ft. landscaped zone, and seven themed swimming pools, the project is positioned as a benchmark for luxury living in Noida.
Key design features include expansive balconies, 11-ft floor-to-floor heights, double-height air-conditioned lobbies, and smart home automation, setting it apart in Noida’s high-end residential market.
Project financed through internal accruals, support from institutional lenders
With a completion target of 2029, Arista Luxe Phase II is a bank-funded project, financed through a combination of internal accruals and support from reputed institutional lenders. “The development is backed by strong governance systems and 100% fund utilisation for the project, ensuring uninterrupted construction and timely delivery. The project is RERA-registered and has secured all requisite approvals from concerned authorities,” the company said.
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Bipin Agarwal, CMD, Nimbus Group, said, “Our vision is to transform Arista Luxe Phase II into a vibrant, future-ready residential community that not only meets but exceeds buyer expectations. This investment reflects our deep commitment to restoring trust in stalled developments by delivering with transparency, financial discipline, and uncompromised quality.”
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