Realty Stock Jumps 8% After Signing ₹2,200 Cr Mumbai Redevelopment Agreement

Synopsis: Crest Ventures, through its subsidiary SHPL, has signed a redevelopment agreement for a Dadar cluster project with an estimated GDV of Rs. 2,200 crore, strengthening its Mumbai presence.

This Small-cap Realty Stock, engaged in real estate development, redevelopment, financial services, and investment activities, with a focus on premium residential, commercial, mixed-use, and township projects across India, jumped 7.5 percent after signing the Rs 2,200 Crore Mumbai Redevelopment Agreement.

With a market capitalization of Rs. 1,103.71 crores, the share of Crest Ventures Limited has reached an intraday high of Rs. 400 per equity share, rising nearly 7.5 percent from its previous day’s close price of Rs. 372.15. Since then, the stock has retreated and is currently trading at Rs. 387.95 per equity share. 

Reason Behind the Surge

Crest Ventures, through its wholly owned subsidiary Sutlej Housing Pvt. Ltd. (SHPL), has signed a development agreement with Prafulla Co-operative Housing Society for a cluster redevelopment project in Dadar East, Mumbai. The society is one of the key participants in a larger redevelopment initiative, which has an estimated Gross Development Value (GDV) of around Rs. 2,200 crore.

The project is located in Dadar, one of Mumbai’s most well-connected and established residential locations. The area offers easy access to major railway networks, business districts, and social infrastructure, making it an attractive destination for homebuyers. Crest Ventures believes the prime location and strong demand will support the long-term success of the project.

The agreement strengthens Crest Ventures’ redevelopment portfolio in Mumbai and reflects its strategy of focusing on premium projects in high-demand urban areas. The company aims to develop modern residential spaces while contributing to the city’s urban renewal and creating long-term value for residents and stakeholders.

Projects Details

Crest Ventures Limited has a strong portfolio of eight ongoing projects across Mumbai, Jaipur, and Raipur, with a combined Gross Development Value (GDV) of around Rs. 4,335 crore. Its largest projects include Crest Goldshire in Chembur with a GDV of Rs. 1,850 crore, Crest Saidale in Breach Candy at Rs. 1,300 crore, and Crest 4 Pali Hill in Pali Hill with a GDV of Rs. 300 crore.

The company is also developing Crest Greens Phase 2 & 3 in Raipur with a GDV of Rs. 290 crore, Crest Oaks in Andheri East worth Rs. 265 crore, Crest Park in Jaipur at Rs. 200 crore, Crest Uno in Union Park with Rs. 100 crore, and Project Hospital in Worli with a GDV of Rs. 30 crore.

These projects are scheduled for completion between Q1 FY27 and FY30. Crest Ventures holds 100% economic interest in projects such as Crest 4 Pali Hill, Crest Uno, and Project Hospital, while other projects have revenue-sharing or partial ownership models, supporting the company’s long-term growth pipeline.

Company Overview

Crest Ventures Limited is an Indian diversified company with businesses spanning real estate, financial services, and investments. Headquartered in Mumbai, it is a publicly listed, RBI-registered non-banking financial company (NBFC) that has expanded from its financial roots into large-scale property development and investment activities across India.

Recent Quarter Results

Coming into financial highlights, Crest Ventures Limited’s revenue has decreased from Rs. 47.56 crore in Q4 FY25 to Rs. 31.98 crore in Q4 FY26, which is a drop of 32.76 percent. The net profit has grown by 8.09 percent from Rs. 7.91 crore in Q4 FY25 to Rs. 8.55 crore in Q4 FY26. Crest Ventures Limited’s revenue and net profit have grown at a CAGR of 24 percent and 73 percent, respectively, over the last five years.

In terms of return ratios, the company’s ROCE and ROE stand at 5.67 percent and 3.74 percent, respectively. Crest Ventures Limited has an earnings per share (EPS) of Rs. 16.5, and its debt-to-equity ratio is 0.22x.

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