Crest Ventures Secures Cluster Redevelopment Deal with Prafulla Housing Society in Dadar East

Crest Ventures Secures Cluster Redevelopment Deal with Prafulla Housing Society in Dadar East​

Crest Ventures Limited, through its subsidiary Sutlej Housing Pvt. Ltd. (SHPL), has registered a Development Agreement for a large-scale cluster redevelopment project located in Dadar, Mumbai. The agreement was signed with the Prafulla Co-operative Housing Society, establishing Crest Ventures' expanded presence in the prime real estate market of Dadar East.

The project is situated in the geographic heart of Mumbai and benefits from excellent city-wide connectivity and mature urban infrastructure. Dadar functions as a major multimodal transit and commercial hub, offering seamless access to the Western, Central, and Harbour railway networks, alongside strong proximity to key central business districts and social amenities. These attributes position the area as one of Mumbai's most resilient and sought-after residential micro-markets.

The cluster redevelopment project in Dadar has an estimated overall Gross Development Value (GDV) of approximately Rs. 2,200 Crore. The participation of Prafulla Co-operative Housing Society underscores Crest Ventures' strategy to invest in premium redevelopment projects across highly desirable urban locations that offer robust buyer demand and long-term value appreciation.

Commenting on the significance of the development, Mr. Vijay Choraria, Managing Director of Crest Ventures Limited, stated that 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." He added that through this initiative, the company aims to contribute to urban renewal by creating thoughtfully planned spaces that meet the evolving aspirations of modern city living.

Crest Ventures is committed to strengthening its presence across high-potential urban corridors, ensuring that its projects combine scale, location advantage, and long-term community value as they shape Mumbai's residential landscape.

CREST Stock Price Movement​

Crest Ventures Limited shares shed ₹9.75, settling at ₹379.95 today after closing down 2.48%. The equity traded within a session range of ₹370.35 to ₹394.25 on the day, with 16,181 shares changing hands.