Crest Ventures Limited has announced a significant real estate development move through its wholly owned subsidiary, Crest Urban Living Private Limited (CULPL). In a regulatory update issued in continuation of its November 11, 2025 intimation, the company informed exchanges that CULPL has entered into a Joint Development Agreement with Vensco Projects LLP for a premium mixed-use project in Chembur, Mumbai.
CULPL, formerly known as Escort Developers Private Limited, has signed the agreement as part of its regular business operations, in compliance with applicable provisions of the SEBI Listing Regulations. The development will be undertaken on a large single land parcel measuring approximately 11,000 square metres, making it one of the biggest single-parcel projects planned in the fast-evolving Chembur micro-market.
Chembur has emerged as a key residential and commercial hub in eastern Mumbai, supported by improving connectivity, infrastructure upgrades and growing demand for integrated lifestyle developments. The proposed mixed-use project is expected to combine residential, commercial and lifestyle components, aligning with current urban development trends in the city.
