Crest Ventures Ltd updates on project at Dadar

Crest Ventures Limited (BSE: 511413 & 977399 (Debt), NSE: CREST), through its wholly owned subsidiary Sutlej Housing Pvt. Ltd. (SHPL), has registered a Development Agreement with Prafulla Co-operative Housing Society, one of the constituent societies within a largescale cluster redevelopment project located in Dadar, Mumbai.

Strategically positioned in the geographic heart of Mumbai, the project benefits from excellent city-wide connectivity and robust, mature urban infrastructure. Dadar serves as Mumbai's principal multimodal transit and commercial hub, offering seamless access to the Western, Central, and Harbour railway networks, alongside effortless proximity to major central business districts and social infrastructure. These factors reinforce its position as one of the city's most resilient and highly sought-after residential micro-markets.

This cluster redevelopment project in Dadar, Mumbai has an estimated overall Gross Development Value (GDV) of approximately Rs. 2,200 Crore, with Prafulla Co-operative Housing Society being one of the constituent societies forming part of the larger cluster redevelopment initiative. It highlights Crest Ventures' strategy to grow by taking up premium redevelopment projects in prime, highly sought-after areas of the city. These central locations benefit from excellent connectivity and strong buyer demand, ensuring long-term value.

Commenting on the development, Mr. Vijay Choraria, Managing Director, Crest Ventures Limited, said: "Dadar represents a rare combination of legacy value, strategic centrality and sustained residential demand, making it one of the most compelling redevelopment destinations in Mumbai. Through this cluster redevelopment initiative, we aim to contribute to the next phase of urban renewal by creating thoughtfully planned spaces that are aligned with the evolving aspirations of modern city living. At Crest Ventures, our approach remains centred on disciplined growth, design excellence and the creation of high quality developments that stand the test of time."

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.

Shares of Crest Ventures Limited was last trading in BSE at Rs. 372.15 as compared to the previous close of Rs. 391.15. The total number of shares traded during the day was 148 in over 33 trades.

The stock hit an intraday high of Rs. 410.00 and intraday low of 372.15. The net turnover during the day was Rs. 56132.00.

Source : Equity Bulls

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