Strengthening its real estate portfolio, Crest Ventures has partnered with Vensco Projects to develop a premium mixed-use project in Chembur, Mumbai, with an estimated gross development value of ₹1,850 crore.
The development will be executed through Crest Ventures’ subsidiary, Crest Urban Living, which has signed a Joint Development Agreement with Vensco Projects LLP. The project will come up on a land parcel spread across about 11,000 square metres, or roughly 2.5 acres.
According to the company, the project will feature luxury residential components along with mixed-use development. The total saleable area is expected to be close to 5 lakh square feet. While Crest Ventures did not disclose the total investment required, it confirmed that the estimated sales value of the project is around ₹1,850 crore.
“Our upcoming project on Chembur’s Golf Course Road represents a new chapter in Mumbai’s luxury residential evolution,” said Vijay Choraria, Managing Director of Crest Ventures.
Crest Ventures is currently developing several housing projects across Mumbai and other parts of India. So far, the company has delivered over 10 million square feet of residential, commercial, and mixed-use developments in major Indian cities. In partnership with The Phoenix Mills, it has also developed large retail and mixed-use destinations in Chennai and other key markets.
Crest Ventures is registered as a Non-Banking Finance Company with the Reserve Bank of India and operates across two main verticals: real estate and financial services.
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