January 16, 2026: A new luxury residential project overlooking the Bombay Presidency Golf Course is set to emerge in Chembur following a joint development agreement between Crest Ventures Limited and Vensco Group. The partnership will be implemented through Crest Urban Living Private Limited, a wholly owned subsidiary of Crest Ventures Limited, and will lead to the development of a mixed-use project named Crest Golfshire.
The project spans around 2.7 acres and is located on Golf Course Road, directly opposite the golf course. With an estimated gross development value of about ₹1,850 crore, Crest Golfshire is among the larger upcoming luxury developments in Mumbai’s eastern suburbs. The project is expected to generate close to five lakh square feet of saleable area.
Crest Golfshire will comprise premium three- and four-bedroom residences, with carpet areas ranging from approximately 1,042 square feet for three-bedroom units to nearly 2,000 square feet for four-bedroom homes. The residences feature vastu-aligned layouts and spacious interiors. Construction has already begun, the project is registered with MahaRERA, and possession timelines are aligned with current market norms.
Planned as a gated community, the development will offer uninterrupted views of the adjoining golf course, a feature that remains limited in Mumbai’s luxury housing segment. Amenities proposed for the project include a gymnasium, sky lounge, clubhouse, landscaped open spaces, children’s play areas and advanced security systems, aimed at integrating green surroundings with urban living.
Vijay Choraria, Managing Director of Crest Ventures Limited, said the project leverages a rare golf course-facing parcel in the city and noted that permanent green views, improving connectivity and established social infrastructure position it as a potential landmark in Mumbai’s expanding luxury residential market beyond traditional areas such as South Mumbai and Worli.
Golf-oriented residential developments have historically seen sustained demand in markets like Gurugram and globally in cities such as Dubai, London and Singapore. Crest Golfshire aims to bring this format to Mumbai while strengthening Chembur’s profile as a luxury residential micro-market.
The project is expected to gain from Mumbai’s infrastructure upgrades, including metro expansion, road improvements and enhanced links to Navi Mumbai and the upcoming international airport. Crest Ventures Limited currently has multiple residential developments underway across Mumbai and other cities and has delivered over 10 million square feet of real estate projects across India.
