Nimbus Projects Limited (Nimbus Group), one of North India's leading real estate developers, has reported strong operational performance for the first quarter of FY27, driven by robust residential demand, higher customer collections and continued progress across its project portfolio.

During Q1 FY27, the company recorded a pre-sales booking value of ₹157.36 crore, marking a 134.31% year-on-year increase from ₹67.16 crore reported in the same quarter of the previous financial year.

Customer collections also witnessed healthy growth, rising 49.75% to ₹75.91 crore from ₹50.69 crore in Q1 FY26. The company said the increase reflects stronger cash flow, sustained customer confidence and efficient project execution.

Nimbus Group attributed its quarterly performance to its disciplined execution strategy, customer-focused approach and growing presence in the rapidly developing real estate markets of Noida, Greater Noida and the Yamuna Expressway (YEIDA) region. These markets continue to benefit from major infrastructure developments, improved connectivity and rising demand from homebuyers.

Q1 FY27 Operational Highlights

Commenting on the performance, Mr. Bipin Agarwal, Chairman and Managing Director, said:

"The strong growth in pre-sales reflects sustained homebuyer confidence and healthy demand across our key markets. Our focus on timely execution and a disciplined sales strategy continues to support the steady conversion of bookings into collections, strengthening our cash flow position.

Looking ahead, the NCR, particularly Noida, Greater Noida and the Yamuna Expressway (YEIDA) corridor, is witnessing unprecedented infrastructure-led transformation. The launch of Noida International Airport, Ganga Expressway, expanding metro connectivity, industrial and logistics hubs, along with the proposed Japan City and Singapore City developments, have the potential to significantly enhance the region's investment appeal and reinforce long-term demand for quality residential and mixed-use developments.

As part of our long-term growth strategy, Nimbus is expanding beyond the NCR into high-potential markets across Uttar Pradesh. We have recently signed a Memorandum of Understanding (MoU) for the development of an integrated township project in Mathura, one of India's most revered holy cities, under the Uttar Pradesh Township Policy, 2023. We believe Mathura's growing religious tourism, improving infrastructure and increasing demand for organised real estate make it an attractive long-term growth market.

Building on this milestone, we are actively evaluating opportunities in other high-growth Tier II and Tier III cities, including Meerut, Vrindavan, Hapur, Rudrapur, Muzaffarnagar, Bareilly and Rohtak, through integrated townships and mixed-use developments. With our disciplined execution capabilities and customer-first philosophy, Nimbus is well-positioned to capitalize on these emerging opportunities while creating sustainable long-term value for our customers, investors and all stakeholders."

Looking ahead, the company plans to expand its footprint beyond the NCR by focusing on high-potential markets across Uttar Pradesh. Following the signing of an MoU for an integrated township project in Mathura under the Uttar Pradesh Township Policy, 2023, Nimbus Group is also evaluating opportunities in cities including Meerut, Vrindavan, Hapur, Rudrapur, Muzaffarnagar, Bareilly and Rohtak through integrated township and mixed-use developments.

Atelier Expressions, the premium lifestyle platform of TVS VENU, has entered into an agreement to acquire a majority stake in Lonestar Hospitality Private Limited, the company behind New Delhi-based luxury handcrafted mithai brand Khoya. The transaction marks another milestone in Atelier Expressions' strategy of building a portfolio of premium artisanal businesses rooted in cultural heritage and craftsmanship.

The acquisition, which is subject to customary closing conditions, is expected to be completed by the end of August 2026.

Through its investment platform, Atelier Expressions partners with heritage-led businesses to help them scale while preserving their authenticity and distinctive identity. Khoya joins a growing portfolio of premium lifestyle brands that combine traditional craftsmanship with contemporary consumer appeal.

Founded in 2016 by Sid Mathur, Khoya has built a strong reputation for reimagining traditional Indian mithai for modern consumers. The brand blends premium ingredients, artisanal craftsmanship, and refined presentation to create luxury confectionery rooted in India's rich culinary traditions. Its portfolio includes handcrafted mithai, chikki, mukhwas, savoury snacks, and premium gifting collections, available through its online channels and select retail outlets in Delhi.

As part of the transaction, Sid Mathur will continue to lead the business, retaining full operational and execution responsibilities alongside his existing leadership team.

Commenting on the acquisition, Tara Venu, Executive Director of Atelier Expressions, said Khoya perfectly represents the type of business the platform seeks to support. She noted that the brand has successfully reinterpreted one of India's oldest culinary traditions for a new generation while preserving its authenticity, making it a natural addition to Atelier Expressions' expanding portfolio.

Speaking on the partnership, Sid Mathur said the investment represents an important opportunity to scale Khoya's presence across India, explore new collaborations, and strengthen its position in the premium confectionery segment. He added that Khoya was founded on the belief that Indian mithai deserves the same craftsmanship, creativity, and attention to detail as the world's finest luxury food brands, and that Atelier Expressions shares the company's long-term vision for quality-led brand building.

Before launching Khoya, Mathur played a key role in developing well-known restaurant brands including Smoke House Deli and Social during his tenure with the Impresario Group. He also founded Secret Ingredient, one of India's leading food consultancy firms, which has worked with hospitality brands and food businesses including Taj Hotels, The Oberoi, Chaayos, DLF, GMR, and Veeba.

The acquisition further expands Atelier Expressions' premium lifestyle portfolio, which already includes French Limoges porcelain house J.L. Coquet, Dubai-based restaurant Khadak, and London luxury motorcycle helmet manufacturer Hedon. Through these investments, the platform continues to focus on businesses that combine cultural heritage, exceptional craftsmanship, and long-term growth potential.

Radisson Hotel Group has continued its global growth momentum during the first half of 2026, signing and opening 160 hotels representing more than 22,000 keys across key international markets. The expansion reflects continued owner confidence in the group's brands and growing demand for branded hospitality across luxury, lifestyle, upscale, resort, conversion, and mixed-use developments.

The group strengthened its footprint across Europe, the Middle East, Africa, and Asia Pacific through a combination of new signings, hotel openings, market entries, and brand expansions. Its diversified brand portfolio continues to drive growth across established and emerging hospitality markets.

In Europe, Radisson Hotel Group announced several key developments, including the signing of Radisson Collection Hotel Frankfurt and Radisson RED Vienna Danube Riverside. The company also expanded its resort portfolio with new openings in Tenerife and Phuket, while Radisson Individuals continued its growth in Greece and Spain. Lifestyle brand Radisson RED entered new markets including New Zealand, the Philippines, and Türkiye, while Radisson Collection strengthened its presence in premium destinations such as Lake Como.

Across the Middle East and Africa, the group expanded with notable openings including Radisson Blu Hotel Dubai Barsha Heights, Radisson Collection Residences Riyadh, and Radisson Blu Hotel Almaty Airport. During the period, the company also crossed the milestone of more than 100 hotels operating and under development across Africa.

Commenting on the group's performance, Elie Younes, Executive Vice President and Global Chief Development Officer, Radisson Hotel Group, said the company continues to create long-term value for owners and guests through its brands and people while remaining committed to delivering sustainable growth and above-market returns.

Asia Pacific remained one of the group's fastest-growing regions, supported by strong travel demand and increasing investor confidence. China continued to play a central role in Radisson's long-term strategy with more than 260 hotels operating across multiple brands and a strong development pipeline extending into Tier II, III, and IV cities.

The group also expanded its presence across Southeast Asia and Australasia. LIME Resort Bohol, a member of Radisson Individuals Premier, marked the brand's debut in Southeast Asia Pacific, while Radisson RED Auckland became both the company's first hotel in New Zealand and the first Radisson RED property in Australasia.

India continued to be one of Radisson Hotel Group's strongest growth markets during the first half of 2026. The company signed and opened 22 hotels across the country, taking its development pipeline to nearly 100 hotels.

Currently, Radisson Hotel Group operates 142 hotels with more than 15,500 keys across 86 Indian cities, reinforcing its position as one of India's leading international hotel operators.

Highlighting India's strategic importance, Elie Younes said the country's growing demand for branded hospitality, improving infrastructure, and sustained owner confidence present significant long-term opportunities. He noted that these factors, combined with Radisson's established presence and brand recognition, continue to support the group's expansion strategy.

Earlier this year, Radisson Hotel Group also unveiled its India Vision 2030 strategy, aiming to expand its portfolio to 500 hotels across the country over the next five years.