Platinum Corp to put ₹260 crore into four Mumbai residential projects

Mumbai developer Platinum Corp plans to invest ₹260 crore across four residential projects in the city, the company said on 27 October 2026. The projects are on Carter Road in Khar West, Main Avenue in Santacruz West, Model Town in Versova, and a society redevelopment on Versova Beach. Together they have a projected gross development value (GDV), the total sales value of the homes, of over ₹1,350 crore.

The four projects cover about 2.26 lakh sq ft of RERA carpet area for sale. RERA carpet area is the usable floor area that the Real Estate (Regulation and Development) Act counts for a flat. Three of the projects are under construction and one is at an earlier stage.

How the ₹260 crore will be funded

Of the ₹260 crore, ₹100 crore will come from internal accruals, meaning the company's own cash. The remaining ₹160 crore will come from institutional funding, which the company said is from ICICI Venture Fund, Bajaj Finance and AU Small Finance Bank.

Founder and CEO Vishal Ratanghayra said the company's focus is on financial discipline. He said capital will be deployed in line with construction milestones, and that the company aims to convert development potential into sales and collections. He also said the company expects strong demand for luxury sea-facing apartments.

The four projects

• Platinum Oceanic, Carter Road, Khar West: about 45,000 sq ft of carpet area for sale. Under construction. The announcement gives end-2027 as the possession target; the RERA filing lists 31 December 2028 as the proposed possession date.
• Platinum Stellar, Main Avenue, Santacruz West: about 39,000 sq ft. Under construction. Launched as Platinum Stellar: Bespoke Presidential Suites, with 4 and 5 BHK homes. The announcement gives April 2030 as the possession target.
• Platinum Vibe, Model Town, Versova: about 67,000 sq ft. Under construction. The announcement gives April 2030 as the possession target.
• Jai Versova society redevelopment, Versova Beach: about 75,000 sq ft for sale. Upcoming. Work has recently started. The sale launch is expected towards the end of 2026, and completion is at least four years away.

In a society redevelopment, the developer rebuilds an existing housing society and sells the extra floor area the rules allow. The Jai Versova project will be the company's first such project in this list to reach the market, so its terms will be closely watched.

Versova's road links and what comes next

Versova is an upmarket neighbourhood in north-western Mumbai, known for its beach. Union Minister Piyush Goyal announced on 2 August 2026 a target of December 2028 for completing the Bandra-Versova-Bhayander coastal road, with March 2029 as the outer timeline. A government clearance report says the Madh-Versova bridge would cut travel from Madh Island to Versova from 90 minutes to 5 minutes. Both are targets for future works, not completed roads.

Platinum Corp was founded in 2015 and is based in Mumbai. A company press release from January 2026 said it had delivered over 1.75 million sq ft of development and housed more than 1,500 families. It set a target of 3.5 million sq ft in the western suburbs and revenue of ₹3,500 crore.

The ₹260 crore figure is the company's own and has not been matched to a regulatory filing. Buyers should check each project's RERA registration and payment schedule before booking. The next steps to watch are the sale launch of the Jai Versova project towards the end of 2026, and progress against the end-2027 Platinum Oceanic possession target.