Crest Ventures shares jumped more than 8% after the company recently announced nine upcoming real estate projects, with seven of them carrying a Gross Development Value (GVD) of Rs 5910 crore. Crest Ventures, with a market capitalization of ₹1600 crore, is growing into key Indian cities, focusing on high-quality and sustainable developments.
The projects include a mix of township, commercial and residential ventures. Two significant projects are Crest Blooming Heights, a redevelopment project in Pali Hill, Mumbai, which is anticipated to generate sales of around ₹300 crore, and Crest Pantheon, a residential and commercial project in Dadar, Mumbai, valued at about ₹1500 crore with a saleable area of 301,000 sq. ft. Crest Cedar in Andheri, Mumbai is another huge development with an estimated sales value of ₹370 crore.
Several projects are at different stages of planning and pre-construction work. To bring some of these efforts to happen, the company has formed partnerships with entities such as the KBK Group.
As of 1:28 pm, Crest Venture shares were trading 8.01% higher at Rs 573.65 on the NSE.
