Low PE Real Estate Related NBFC Launches Rs 400 Crore Redevelopment Projects in Bandra West
On YTD basis the stock has declined by 4.5 per cent while in last 12 months it is up by 8.58 per cent.
Crest Ventures Limited has announced a significant expansion in its redevelopment strategy with the launch of two new projects in Bandra (West), Mumbai. The company has commenced construction on 'Crest 4 Pali Hill', a redevelopment of Blooming Heights Co-operative Housing Society Limited in Pali Hill, which is projected to achieve a Gross Development Value (GDV) of approximately Rs 300 crore.
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.
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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, 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 YTD basis the stock has declined by 4.5 per cent while in 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.