Project Announcement

Crest Ventures Limited, through its wholly owned subsidiary Sutlej Housing Pvt. Ltd. (SHPL), has registered a Development Agreement with Prafulla Co-operative Housing Society. This society is one of the constituent societies within a large-scale cluster redevelopment project located in Dadar, Mumbai.

Project Location and Advantages

The project is strategically positioned in the geographic heart of Mumbai with excellent city-wide connectivity and robust, mature urban infrastructure. Dadar serves as Mumbai's principal multimodal transit and commercial hub, offering:

  • Seamless access to Western, Central, and Harbour railway networks
  • Effortless proximity to major central business districts
  • Access to social infrastructure
  • Position as one of Mumbai's most resilient and highly sought-after residential micro-markets

Financial Scale

The cluster redevelopment project has an estimated overall Gross Development Value (GDV) of approximately Rs. 2,200 Crore.

Strategic Rationale

The project highlights Crest Ventures' strategy to grow by taking up premium redevelopment projects in prime, highly sought-after areas of Mumbai. These central locations benefit from excellent connectivity and strong buyer demand, ensuring long-term value.

Management Commentary

Mr. Vijay Choraria, Managing Director, Crest Ventures Limited, commented:

  • "Dadar represents a rare combination of legacy value, strategic centrality and sustained residential demand"
  • Described Dadar as "one of the most compelling redevelopment destinations in Mumbai"
  • Through this initiative, the company aims to "contribute to the next phase of urban renewal"
  • Goal is to create "thoughtfully planned spaces that are aligned with the evolving aspirations of modern city living"
  • Company approach remains centered on "disciplined growth, design excellence and the creation of high quality developments that stand the test of time"

Company Commitment

With redevelopment continuing to shape Mumbai's residential landscape, Crest Ventures remains committed to strengthening its presence across high-potential urban corridors through projects that combine scale, location advantage and long-term community value.

Additional Information

The Press Release is available on the company website: www.crest.in