Nimbus Projects executed MoU for 25-acre land development in Mathura with Kaamag and Maayins Real Estate.
Company to pay ₹20 crore non-refundable upfront and ₹10 crore refundable security deposit for joint development.
Revenue sharing proposed at 50:50 ratio for residential and commercial project development.
MoU is preliminary and subject to due diligence, title verification, and definitive agreements.