Mumbai, Oct. 29 -- Platinum Corp. has four residential developments across Carter Road, Santacruz and Versova, with a projected gross development value (GDV) of more than Rs 13.5 billion. The portfolio comprises approximately 226,000 sq ft of RERA carpet area for sale across three ongoing projects and an upcoming redevelopment.
The ongoing projects are Platinum Oceanic at Carter Road, Khar West, with about 45,000 sq ft of carpet area; Platinum Stellar on Main Avenue in Santacruz West, with 39,000 sq ft; and Platinum Vibe in Model Town, Versova, with 67,000 sq ft. The upcoming Jai Versova society redevelopment, located on Versova Beach, will add approximately 75,000 sq ft.
Founder and CEO Vishal Ratanghayra said the company's expansion reflected its confidence in Mumbai's Western suburbs and its focus on aligning capital deployment with construction milestones.
The four projects represent a combined investment of Rs 2.6 billion. The company plans to fund Rs 1 billion through internal accruals and Rs 1.6 billion through institutional funding from ICICI Venture Fund, Bajaj Finance and AU Small Finance Bank.
Platinum Oceanic is scheduled for possession by the end of 2027, while Platinum Vibe and Platinum Stellar are scheduled for April 2030. Work has recently begun on the Jai Versova redevelopment, which is expected to launch for sale towards the end of 2026 and take at least four years to complete.
Published by HT Digital Content Services with permission from Construction World.