Crest Ventures Expands Real Estate and Financial Services Portfolio
Crest Ventures Limited, a Mumbai-based Non-Banking Finance Company (NBFC) listed on the National Stock Exchange and Bombay Stock Exchange, has released a comprehensive business update highlighting its operations across real estate and financial services sectors.
Crest Ventures has positioned itself as a significant player in the real estate market, with a diverse portfolio of ongoing and upcoming projects across multiple cities in India. The company's real estate investments stand at Rs. 788.52 crores, marking an increase from Rs. 543.11 crores.
Ongoing Projects
The company's ongoing projects showcase a mix of residential and commercial developments:
- Crest 4 Pali Hill : A residential project in Pali Hill, Mumbai, with a Gross Development Value (GDV) of Rs. 300 crores, expected to complete by Q2 FY29. - Crest Oaks : A residential development in Andheri (E), Mumbai, with a GDV of Rs. 265 crores, expected to complete by Q2 FY27. - Crest Greens Phase 2 & 3 : A township and residential project in Raipur, with a GDV of Rs. 290 crores, expected to complete by Q2 FY29. - Crest Park : A township project in Bani Park, Jaipur, with a GDV of Rs. 200 crores, expected to complete by Q3 FY26. - Crest Uno : A residential project in Union Park, Mumbai, with a GDV of Rs. 100 crores, expected to complete by Q4 FY28. - Project Hospital : A PMC contract in Worli, Mumbai, with a GDV of Rs. 30 crores, expected to complete by FY29.
Upcoming Projects
Crest Ventures has also outlined a pipeline of upcoming projects:
- Crest Pantheon : A residential and commercial redevelopment project in Dadar (E), Mumbai, with a GDV of Rs. 2200 crores, expected to start by Q2 FY27. - Crest Aspen : A residential project in Andheri (E), Mumbai, with a GDV of Rs. 370 crores, expected to start by Q1 FY27. - Crest Golfshire : A mixed-use development project in Chembur, Mumbai, with a GDV of Rs. 1850 crores, expected to start by Q4 FY26. - Project Saidale : A residential redevelopment project in Breach Candy, Mumbai, with a GDV of Rs. 1300 crores, expected to start by Q1 FY27. - Project Lotus : A residential project in Carter Road, Mumbai, with a GDV of Rs. 2200 crores, with an estimated start date to be determined (TBD).
Additional projects in Lalbaug and Parel, Mumbai, are also in the pipeline, with details yet to be finalized.
Financial Services
In the financial services sector, Crest Ventures operates through its subsidiaries, including Crest Finserv Limited (CFL) and Crest Capital and Investments Ltd (CCIL).
- CFL (formerly Tullett Prebon (India) Limited) : An inter-dealer broker operating in Wholesale Debt Markets, Foreign Exchange Markets, Interest Rate Swaps, and Currency Options. It also participates in Mutual Funds distribution. - CCIL : A multi-strategy investment firm focused on generating uncorrelated returns across Indian capital markets through systematic and quantitative strategies.
Financial Highlights
The company's consolidated financial data reveals:
- Investments in Real Estate at Cost : Increased to Rs. 788.52 crores from Rs. 543.11 crores. - Consolidated ICD/Loan Book (net off debt) : Stood at Rs. 325.07 crores. - Segment-wise Results : - Real Estate & Related Activities : Rs. 3.22 crores. - Investing, Broking & Financial Activities : Rs. 10.84 crores. - Profit Before Tax : Rs. 5.59 crores.
Crest Ventures' business update demonstrates a diverse portfolio across real estate and financial services, with a pipeline of projects in various stages of development. The company's investments and project developments span multiple cities, indicating its presence in the Indian real estate market while maintaining a foothold in financial services.
Historical Stock Returns for Crest Ventures
- 1 Day : -2.12% - 5 Days : -4.86% - 1 Month : -1.28% - 6 Months : -12.73% - 1 Year : -23.06% - 5 Years : +290.33%
Crest Ventures Limited's recent business update underscores its strategic focus on expanding its real estate and financial services portfolio, positioning the company for continued growth and market leadership.
