Crest Ventures Projects in India — New Launches, Prices & Possession (2026)

About Crest Ventures

Crest Ventures Limited is one of India's more unusual real estate stories — a company that began life as a synthetic yarn and fabrics trader. Incorporated on October 16, 1982 as Sharyans Resources Limited in Kolkata, the company pivoted decisively into financial services and real estate through the 1990s, eventually rebranding to Crest Ventures Limited. Today, it is headquartered at Maker Chambers IV, Nariman Point, Mumbai — the commercial nerve centre of the country.

The company is a Systematically Important Non-Deposit Taking NBFC registered with the Reserve Bank of India and is publicly listed on both the NSE (ticker: CREST) and BSE (code: 511413), having first listed in March 1994. That dual listing is important for buyers — it means Crest Ventures has regulatory oversight and financial disclosures that a purely private developer doesn't.

The business operates across three verticals: Real Estate, Financial Services, and Investments & Credit. At the helm is Managing Director Vijay Choraria, a Chartered Accountant and Bachelor in General Law who has championed the company since inception. The group's stated goal — building reputable, iconic residential and commercial projects across India — is backed by a balance sheet that generated approximately ₹184 crore in annual revenue (FY2024), with a current market capitalisation hovering in the ₹950–1,060 crore range as of mid-2026.

Track Record

Crest Ventures' real estate credentials are anchored by one consistent claim, repeated across every official communication: over 10 million square feet delivered across Mumbai, Chennai, Raipur, and Kolkata. For context, 10 million sq ft is roughly equivalent to a mid-size township — a meaningful body of work for a developer of its scale.

The portfolio spans residential apartments, premium commercial spaces, luxury malls, and mixed-use developments. Key milestones in its development journey include:

• Early 2000s: Established SPVs with The Phoenix Mills Ltd for development of Phoenix MarketCity Chennai, Crest Towers, and Palladium Mall Chennai.
• 2012–13: Phoenix MarketCity (PMC) Chennai inaugurated — one of the largest retail destinations in South India — a landmark co-developed with Phoenix Mills.
• 2013 onwards: Palladium Chennai launched as the first Palladium luxury mall outside Mumbai, co-developed with Phoenix Mills, featuring 2,20,000 sq ft of leasable premium retail space.
• 2015–2020: Residential portfolio expanded with projects like Crest Towers Chennai, One Crest Chennai, Club Crest Chennai, and residential projects in Raipur (Crest Greens).
• 2021–2024: Mumbai residential push accelerated — Crest Parkview in Bandra (W), Crest Oaks in Marol, Andheri East, and Crest Link in Khar West.
• Present: Multiple housing projects under active development across Mumbai alongside new launches in Raipur and planned expansion to Jaipur.

Cities with Crest Ventures presence: Mumbai, Chennai, Raipur, Kolkata, and Jaipur (upcoming pipeline). The company tends to operate through Special Purpose Vehicles (SPVs) and Joint Development Agreements rather than large direct land acquisitions — a model that conserves capital but can sometimes dilute brand control.

Notable Projects

Note: Prices are indicative based on RealtyPromoo research and current market data. Actual pricing is subject to unit type, floor, and availability. Contact the developer for verified current pricing.

Latest Activity by Crest Ventures

Crest Ventures has been particularly active between late 2025 and early 2026, with a series of corporate and real estate moves that signal a clear strategic shift toward a pure-play real estate identity.

• Feb 2026 — Incorporated wholly-owned subsidiary Crest EZY Living Pvt Ltd, specifically to focus on real estate development, leasing, and rental housing, including built-to-rent (BTR), co-living, and student housing assets. A clear signal of diversification beyond traditional residential sales.
• Jan 2026 — Subsidiary Crest Urban Living signed a Joint Development Agreement (JDA) with Vensco Projects LLP for a luxury mixed-use residential project on Chembur's Golf Course Road, Mumbai. The 2.5-acre project spanning approximately 11,000 sq metres carries an estimated Gross Development Value (GDV) of ₹1,850 crore and a total saleable area of nearly 5 lakh sq ft.
• Dec 2025 — Fully redeemed 9,300 Non-Convertible Debentures (NCDs) at 12% interest, with total repayment of ₹930 crore, demonstrating balance sheet discipline and reducing leveraged risk.
• Late 2025 — Board approved a Scheme of Arrangement to demerge the Financial Services business into a separate listed entity called Crest Capital and Investment Limited. The resulting company's shares are proposed to be issued at a 1:2 ratio, with listing on BSE and NSE pending regulatory approval. This demerger is strategic — it will allow the real estate business to operate and raise capital independently.
• 2024–2025 — Acquired Crest Prime Ltd as a wholly-owned subsidiary to consolidate the real estate business structure under a cleaner holding framework.

Delivery & RERA Compliance

Crest Ventures has RERA registrations on its Mumbai residential projects — Crest Parkview (RERA No: P51800045968) and Crest Oaks (RERA No: P51800053387) are confirmed registered projects under MahaRERA. The upcoming Crest Golfshire in Chembur East is positioned as a RERA-registered development with a stated possession date of November 2030.

On the delivery front, the company has a generally positive track record for completed large-format projects — Phoenix MarketCity Chennai and Palladium Chennai were both delivered and are operational, functioning commercial landmarks in the city. Residential deliveries in Chennai (Crest Towers, One Crest) are completed.

That said, buyers should be aware of a few honest caveats. Crest Ventures is not a high-volume residential developer — it typically handles a smaller number of projects at any given time, which limits the volume of public reviews and independent assessments available. RealtyPromoo research did not surface a high volume of organised RERA complaint filings against the developer, which is encouraging for a mid-size Mumbai-focused builder.

However, the ongoing projects in Mumbai — Crest Oaks and Crest Parkview — are still under construction, and the Chembur Golfshire project has a long runway to a 2030 possession date. Buyers investing today in upcoming projects are committing to a multi-year construction cycle. The company's relatively lean headcount of around 150–160 employees is worth noting — it relies heavily on SPV structures and JV partners for execution, which can sometimes diffuse accountability. Always verify current construction status and latest RERA filings before making any advance payment.

Awards & Recognition

Crest Ventures is a publicly listed entity on both BSE (511413) and NSE (CREST), providing a level of financial governance and disclosure that most unlisted developers cannot match. The company's market capitalisation has ranged between approximately ₹950 crore and ₹1,127 crore in the trailing 12-month period, reflecting a mid-cap classification in Indian markets.

The company's 52-week share price range on NSE has been ₹298.15 to ₹430.10, reflecting some volatility consistent with its NBFC-plus-developer hybrid positioning. The stock's 3-year return of approximately 90% (as at early 2026) suggests investor confidence in the long-term real estate pivot strategy.

On the project front, the delivered Palladium Chennai and Phoenix MarketCity Chennai represent landmark commercial achievements — co-development with Phoenix Mills Limited, one of India's most recognised mall developers, lends significant credibility to Crest Ventures' commercial real estate credentials.

Crest Ventures has described its portfolio as "nationally award-winning" real estate — however, specific third-party award citations from CRISIL, ICRA, or the Economic Times Realty Awards were not independently verifiable at time of research. Buyers should request the developer's latest award documentation directly.

Builder Scorecard by RealtyPromoo

Why Choose Crest Ventures

There are genuine reasons to consider Crest Ventures, and some honest reasons to proceed with eyes wide open. Let's start with the strengths.

Listed and regulated: As a BSE and NSE-listed NBFC under RBI supervision, Crest Ventures offers a level of corporate governance that private developers simply cannot. Quarterly disclosures, board-level accountability, and BSE/NSE filing requirements mean your developer can't just go silent.

Landmark commercial credentials: Co-developing Phoenix MarketCity Chennai and Palladium — two of South India's most recognised retail destinations — in partnership with Phoenix Mills Limited is a strong proof point. It's not a claim every developer can make.

Premium location focus: Whether it's Bandra West, Khar, Andheri East, or Chembur's Golf Course Road, Crest Ventures consistently picks addresses that carry long-term value. The Chembur project near the Bombay Presidency Golf Course is particularly well-positioned given the area's infrastructure development in recent years.

Strategic restructuring in progress: The planned demerger of the Financial Services business into Crest Capital and Investment Limited is a smart move. Once complete, the real estate entity will have a cleaner balance sheet, sharper management focus, and the ability to raise dedicated real estate capital. This is positive news for future project buyers.

What could be better: Crest Ventures is a relatively small organisation — around 150–160 employees managing a multi-city portfolio via SPVs and JV partners. Execution quality is partly dependent on those JV partners, not just Crest's own team. Additionally, the long possession timelines on Mumbai luxury projects (Golfshire's 2030 delivery is 4+ years away) demand patience and financial planning from buyers. The company's hybrid NBFC-developer identity, while legally structured, can create some ambiguity for homebuyers who want to understand exactly who is responsible for construction and delivery. Always insist on the SPV's RERA registration details and the specific entity responsible for your project before signing any agreement.