Announced Mon, 29 Jun · 19:39 IST
Crest Ventures expands Dadar East redevelopment with cluster project
Compliance View source PDF
CREST · price
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Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹379.00
prior close
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base price
After-mkt
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AI summary
Crest Ventures' wholly owned subsidiary Sutlej Housing signed a Development Agreement with Prafulla Co-op Housing Society in Dadar East, part of a larger cluster redevelopment project. The overall cluster has an estimated Gross Development Value of about Rs. 2,200 crore. Dadar is a prime Mumbai micro-market with strong connectivity. Move aligns with Crest's strategy to grow via premium redevelopment projects in central city locations.
Likely market impact
Adds a premium Mumbai redevelopment project worth about Rs. 2,200 crore to the pipeline, supporting long-term growth strategy.