7 months ago
Crest Ventures JV Targets ₹1,850 Crore Revenue
Crest Ventures, a company that does financial services and property businesses, has teamed up with Vensco Projects to build a fancy new housing project in Mumbai.
They signed an agreement to work together on this project in an area called Chembur.
The project will be on a piece of land that's about 2.5 acres big, and it's expected to make around ₹1,850 crore in sales.
Crest Ventures is known for building many different types of buildings in big cities across India.
They also work with other companies to create shopping and housing areas.
This new project is part of their plan to keep building more places for people to live and work.
Crest Ventures Ltd has partnered with Vensco Projects LLP to develop a luxury mixed-use residential project in Chembur, Mumbai.
The project is spread across 11,000 square metres (2.5 acres) with an estimated revenue of ₹1,850 crore.
The total saleable area of the project is nearly 5 lakh square feet.
Crest Ventures is a non-banking finance company with operations in real estate and financial services.
The company has delivered over 10 million sq. ft of residential, commercial, and mixed-use developments across major Indian cities.
- Who
- Crest Ventures Ltd and Vensco Projects LLP
- What
- Joint development of a luxury mixed-use residential project in Chembur, Mumbai
- Where
- Chembur, Mumbai
- When
- Not specified
- Why
- To develop a premium real estate project with an estimated revenue of ₹1,850 crore
Key facts
- Companies Involved
- Crest Ventures Ltd and Vensco Projects LLP
- Project Location
- Chembur, Mumbai
- Project Type
- Luxury mixed-use residential
- Project Area
- 11,000 square metres (2.5 acres)
- Estimated Revenue
- ₹1,850 crore
- Saleable Area
- 5 lakh square feet
- Company's Business Verticals
- Real estate and financial services
Quotes
Vijay Choraria
Managing Director of Crest Ventures
“Our upcoming project on Chembur’s Golf Course Road represents a new chapter in Mumbai’s luxury residential evolution.”
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