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Crest Ventures and Vensco Projects Join Forces for Rs 1,850 Crore Mumbai Real Estate Project

Published: January 10, 2026 | Category: real estate news
Crest Ventures and Vensco Projects Join Forces for Rs 1,850 Crore Mumbai Real Estate Project

New Delhi, Jan 10 (PTI) Mumbai-based Crest Ventures Ltd, a company active in financial services and property businesses, has entered into a strategic partnership with Vensco Projects Ltd. The collaboration aims to develop a significant real estate project in Mumbai, with an estimated revenue of Rs 1,850 crore.

The project, spearheaded by Crest Ventures' subsidiary, Crest Urban Living, will be developed through a Joint Development Agreement (JDA) with Vensco Projects LLP. The venture will focus on a premium mixed-use development in Chembur, a bustling suburb of Mumbai.

The project spans 11,000 square metres of land, equivalent to approximately 2.5 acres. It is designed to offer a luxury mixed-use residential experience, featuring a total saleable area of nearly 5 lakh square feet. The estimated sales value or Gross Development Value (GDV) of the project is projected to be around Rs 1,850 crore.

While the company has not disclosed the specific investment required for the project, it is clear that this development represents a significant milestone for Crest Ventures. Vijay Choraria, Managing Director of Crest Ventures, expressed his enthusiasm about the project, stating, 'Our upcoming project on Chembur's Golf Course Road represents a new chapter in Mumbai's luxury residential evolution.'

Crest Ventures has a robust track record in the real estate sector, with multiple housing projects currently underway in Mumbai and other parts of India. To date, the company has successfully delivered over 10 million square feet of residential, commercial, and mixed-use developments across major Indian cities. The company has also partnered with The Phoenix Mills Ltd to develop retail and mixed-use destinations in key markets such as Chennai.

Crest Ventures is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). It operates across two primary verticals: real estate and financial services. This new project in Chembur is expected to further solidify Crest Ventures' position in the Indian real estate market and contribute to the city's growing luxury housing sector.

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Frequently Asked Questions

1. What is the estimated revenue of the Crest Ventures and Vensco Projects joint development project in Chembur?
The estimated revenue of the joint development project in Chembur is Rs 1,850 crore.
2. What is the total saleable are
of the project in Chembur? A: The total saleable area of the project in Chembur is nearly 5 lakh square feet.
3. Who is the Managing Director of Crest Ventures?
The Managing Director of Crest Ventures is Vijay Choraria.
4. What is the primary focus of the project in Chembur?
The primary focus of the project in Chembur is to develop a premium mixed-use residential project.
5. What other notable projects has Crest Ventures developed?
Crest Ventures has developed multiple housing projects across Mumbai and other parts of India, delivering over 10 million square feet of residential, commercial, and mixed-use developments. They have also partnered with The Phoenix Mills Ltd to develop retail and mixed-use destinations in key markets.