Crest Ventures Launches Rs 400 Crore Redevelopment Projects in Bandra West
Crest Ventures Limited, a prominent real estate developer, has announced the launch of two major redevelopment projects in Bandra West, Mumbai, with a combined Gross Development Value (GDV) of Rs 400 crore.
Real EstateRedevelopmentBandra WestCrest VenturesMumbaiReal Estate NewsMay 29, 2025
Furthermore, Crest Ventures has been chosen as the preferred development partner for Shiv Kunj Co-operative Housing Society Limited, now rebranded as 'Crest Uno', situated in Union Park, Bandra West. The Development Agreement for 'Crest Uno' has been officially executed, with this project estimated to have a GDV of Rs 100 crore. These two projects collectively represent a combined GDV of Rs 400 crore, reinforcing Crest Ventures' footprint in prime residential areas of Western Mumbai.
These initiatives are strategically aligned with the company's objective of expanding through capital-efficient redevelopment models in micro-markets characterized by high demand, aspirational value, and limited supply. Pali Hill and Union Park offer premium connectivity, proximity to top educational and healthcare institutions, and an elevated quality of life. These projects are envisioned as boutique residential offerings that blend legacy charm with contemporary luxury.
Mr. Vijay Choraria, Managing Director of Crest Ventures Limited, commented that these developments underscore their commitment to thoughtful urban transformation and unlocking urban value through design-led redevelopment. He added that the projects reflect their philosophy of blending timeless neighborhood character with progressive design, providing elevated living experiences in Mumbai's iconic locations. Crest Ventures remains dedicated to building value through quality and design. As demand for premium, well-planned urban housing continues to rise, Crest Ventures remains focused on executing high-impact redevelopment projects that deliver enduring value.
As of May 28, 2025, Crest Ventures Ltd. (CREST) had a share price of Rs 413 on the National Stock Exchange (NSE). The stock's 52-week high was Rs 422.00 and its 52-week low was Rs 245. On a year-to-date (YTD) basis, the stock has declined by 4.5 per cent, while in the last 12 months, it is up by 8.58 per cent.
Crest Ventures Limited is engaged in real estate development, focusing on redevelopment projects in premium micro-markets. The company aims to unlock urban value through design-led transformation, offering high-quality residential experiences that blend traditional charm with modern luxury.
Disclaimer: The article is for informational purposes only and not investment advice.
Frequently Asked Questions
What are the two new projects launched by Crest Ventures in Bandra West?
The two new projects are 'Crest 4 Pali Hill' and 'Crest Uno'. 'Crest 4 Pali Hill' is a redevelopment of Blooming Heights Co-operative Housing Society Limited, and 'Crest Uno' is the rebranded Shiv Kunj Co-operative Housing Society Limited in Union Park.
What is the combined Gross Development Value (GDV) of the two projects?
The combined GDV of 'Crest 4 Pali Hill' and 'Crest Uno' is Rs 400 crore.
What is Crest Ventures' strategic focus in these projects?
Crest Ventures' strategic focus is on expanding through capital-efficient redevelopment models in premium micro-markets characterized by high demand, aspirational value, and limited supply.
Who is the Managing Director of Crest Ventures Limited?
The Managing Director of Crest Ventures Limited is Mr. Vijay Choraria.
What is the share price of Crest Ventures Ltd. as of May 28, 2025?
As of May 28, 2025, the share price of Crest Ventures Ltd. (CREST) was Rs 413 on the National Stock Exchange (NSE).
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