NSEPress Release29 Jun 2026 · 29 Jun 2026, 07:39 pm
Press Release
Crest Ventures Limited · CREST
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Crest Ventures Limited has entered into a development agreement with Prafulla Co-operative Housing Society for a cluster redevelopment project in Dadar, Mumbai, with an estimated gross development value of approximately Rs. 2,200 Crore.
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Crest Ventures Limited has informed the Exchange regarding a press release dated Jun 29, 2026, titled "Crest Ventures expands redevelopment presence in Dadar East through landmark cluster redevelopment initiative".
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Ref: CVL/SE/2026-27 June 29, 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai - 400001. Bandra (East), Mumbai - 400051.
Scrip Code: 511413 & 977399 (Debt) Symbol: CREST
ISIN: INE559D01011 & INE559D08032 (Debt) Series: EQ
Dear Sir/Madam,
SUB.: DISCLOSURE UNDER REGULATION 30 OF SECURITIES AND EXCHANGE
BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS)
REGULATIONS, 2015 (“SEBI LISTING REGULATIONS”) – PRESS RELEASE
Pursuant to Regulation 30 of the SEBI Listing Regulations, please find enclosed herewith a
copy of the Press Release dated June 29, 2026 titled “Crest Ventures expands redevelopment
presence in Dadar East through landmark cluster redevelopment initiative” and the contents
are self-explanatory.
The Press Release is also available on the website of the Company i.e. www.crest.in.
Request you to kindly take the above information on your records.
Yours faithfully,
For Crest Ventures Limited
Namita Bapna
Company Secretary
Encl: a/a
CREST VENTURES EXPANDS REDEVELOPMENT PRESENCE IN DADAR EAST
THROUGH LANDMARK CLUSTER REDEVELOPMENT INITIATIVE
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 large-
scale 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.