India, Aug. 6 -- In a major relief for over 400 homebuyers of the stalled Sunworld Arista project in Noida's Sector 168, real estate firm Nimbus Projects Ltd, appointed as co-developer, has committed to investing over Rs.1,000 crore to complete the project. The company has already deposited Rs.80 crore in pending dues with the Noida Authority.Nimbus said it will deliver the remaining apartments within three years, bringing an end to the long wait of buyers who were left in limbo after the original developer, Sunworld Residency Pvt Ltd, failed to clear dues to the bank and the Noida Authority. In the first phase, Nimbus plans to clear land cost dues, repay bank loans, and complete pending infrastructure. This will enable around 400 homebuy...
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