Paranjape Athashri B3 Bhugaon Pune

The Address & The Vision

An Address Worth Coming Home To

Athashri B3 is the newest addition to the Athashri Valley — the senior living quarter within Paranjape Schemes' Forest Trails Township at Bhugaon, Pune. It follows Athashri B1 and B2, which together with B3 will share a single clubhouse designed specifically around the rhythms and requirements of senior life. The project is registered with MahaRERA under number P52100077686, with possession targeted for September 2029.

The Athashri concept was conceived by Paranjape Schemes Managing Director Shashank Paranjape in 2002, and has since grown into what is recognised as India's largest senior citizen community network. Across 16 communities — 13 in Pune, 2 in Vadodara, and 1 in Bengaluru — Athashri has established a consistent design language: slip-resistant flooring, emergency switches in bedrooms, panic chords in bathrooms, wheelchair-friendly layouts, and elevators with handrails. B3 carries that same framework into a fresh set of homes within the valley's green cover.

The township itself provides an unusually complete backdrop for retirement living. The Cliff, an approximately 40,000 sq ft clubhouse complex within Forest Trails, sits alongside a themed leisure area called The Cove, a butterfly garden, pet zoo, and tree houses. A CBSE school, restaurants, and a lifestyle club are already operational within the township. With 90 percent open space and a natural forest with over 10,000 trees, the setting is genuinely different from a standalone senior housing project on a city plot.

Paranjape Schemes was founded in 1987 by Shrikant Paranjape and Shashank Paranjape and has built over 200 projects across 9-plus cities and 7 countries, covering 20 million sq ft of construction. Forest Trails in Bhugaon itself won the Best Residential Project award at the CNBC Awaaz Real Estate Awards in 2015, and the company's Blue Ridge township in Hinjewadi won Best Township Project of India at the NDTV Property Awards 2015. This depth of township experience informs every infrastructure decision at Athashri B3.

For families planning the next chapter of a parent's life — or for seniors ready to make that move themselves — Athashri B3 offers something rare: a community that already exists, with residents, events, and green cover in place, and new homes being added to its most scenic corner. The valley setting, the Paranjape track record, and the Athashri support framework together make a case that stands on facts alone.

Visualize Your Future Home

Configurations & Pricing

Choose Your Residence

Configuration	Size	Starting Price
1 BHK Compact senior-friendly layout with accessible fittings and natural ventilation	500 sq.ft.	On request
2 BHK Thoughtfully designed apartments with wider doorways, grab rails, and valley views	500–1000 sq.ft.	On request

Lifestyle

World-Class Amenities

Recreation

Clubhouse shared with Athashri B1 and B2
The Cliff — 40,000 sq ft clubhouse complex within Forest Trails
Multipurpose hall for community events
Lounge and reading room
Landscaped courtyard seating

Active

Well-equipped gymnasium
Swimming pool
Walking and jogging track
Yoga and meditation pavilion
Outdoor fitness stations

Family

Children's play area within Forest Trails Township
The Cove leisure zone with butterfly garden and pet zoo
Tree houses within the township
CBSE school within Forest Trails Township
Guest accommodation for visiting family

Garden

Valley-facing landscaped grounds
Natural forest with 10,000-plus trees within the township
Bavdhan Van Udyan accessible nearby
Manas Lake views opposite the site
Senior Citizen Park within the Bhugaon micro-market

Master & Floor Plans

Detailed master plan and unit-wise floor plans available on request.

Preview only — request full plan

Location / Address

A Defining Address

Forest Trails Township, Paud Road, Bhugaon, Opposite Manas Lake, Pune – 412115 · Bhugaon · Pune

Bhugaon sits on the western edge of Pune, flanked by Bavdhan to the east and the Mulshi hills to the west. Paud Road connects the locality directly to Chandani Chowk and the wider city grid, while the Mumbai-Bangalore Highway lies within a short drive, bringing both Hinjewadi IT Park and Pune city centre well within reach. The area is bounded by dense forest and the scenic Manas Lake, giving it a character that few established Pune micro-markets can match.

Athashri B3 sits within Forest Trails Township on Paud Road, directly opposite Manas Lake — a position that places it at the most nature-immersed address within an already green locality. The 190-plus-acre Forest Trails Township, which Paranjape Schemes launched as one of the largest integrated bungalow-and-apartment schemes in Pune, already houses a functioning community of over 3,000 residents and 34,000-plus trees, giving B3 an established neighbourhood from day one. Schools such as Ryan International School and Indus International School are accessible within the Bavdhan-Kothrud corridor, and hospitals including Sahyadri Hospital, Asian Speciality Hospital, and Unique Multispeciality Hospital serve the area within a short drive.

Preview only — request full map

Connectivity

Location Advantages

Thoroughfares

Paud Road (extended 189 ft corridor) — On site / direct access
Mumbai-Bangalore Highway (NH-48) — ~8 km / 15 mins
Mumbai-Pune Expressway (Yashwantrao Chavan Expressway) — ~10 km / 20 mins
Chandani Chowk Junction — ~5 km / 10 mins
Mulshi Road — ~2 km / 5 mins

Corporate

Rajiv Gandhi Infotech Park, Hinjewadi — ~15 km / 30 mins
Baner commercial corridor — ~12 km / 25 mins
Wakad commercial estate — ~14 km / 28 mins
Kothrud business district — ~10 km / 20 mins
Bavdhan commercial hub — ~5 km / 10 mins

Hospitality

The Mango Tree World, Bhugaon — ~2 km / 5 mins
Aditya Shagun Mall, Bavdhan — ~5 km / 10 mins
Westend Mall, Aundh — ~18 km / 35 mins
High Street Phoenix, Wakad corridor — ~16 km / 30 mins
LMD Garden recreation area — ~3 km / 7 mins

Education

Ryan International School, Bavdhan — ~5 km / 10 mins
Indus International School, Bavdhan-Kothrud corridor — ~8 km / 18 mins
Symbiosis International School — ~12 km / 25 mins
JSPM College of Engineering, Bavdhan — ~6 km / 12 mins
Padmabhushan Vasantdada Patil Institute of Technology (PVPIT), Bavdhan — ~6 km / 12 mins

Healthcare

Sahyadri Hospital, Kothrud — ~12 km / 22 mins
Asian Speciality Hospital, Bhugaon — ~3 km / 7 mins
Unique Multispeciality Hospital, Bhugaon — ~3 km / 7 mins
Deenanath Mangeshkar Hospital, Erandwane — ~14 km / 28 mins
Life Line Multispeciality Hospital — ~4 km / 8 mins

Schedule a Site Visit

See the residences in person. Our sales team will get in touch to coordinate a visit at your convenience.

Beyond the Project

Infrastructure & Growth

Pune Ring Road — Western Section

The western section of Pune's Ring Road is targeted for completion by 2026-27, and will materially reduce travel time between Bhugaon and key city destinations, including Hinjewadi and the expressway interchange.

Paud Road Widening

Paud Road, the primary artery connecting Bhugaon to Chandani Chowk and the city, has been extended to a 189-foot corridor, easing commutes from Forest Trails Township to central Pune.

Vanaz Metro Station Connectivity

The Vanaz metro station on Pune Metro Line 3 improves public transport access to the western Pune belt, with further extensions planned that will bring mass-transit options closer to the Bhugaon corridor.

PMRDA Infrastructure Development

Bhugaon sits within the Pune Metropolitan Region Development Authority boundary, where ongoing water, sewage, and road upgrades are incrementally expanding civic infrastructure to match the area's residential growth.

Bavdhan-Bhugaon Commercial Development

Growing demand from IT professionals and families is driving retail, medical, and educational investment in the Bavdhan-Bhugaon corridor, with new hospitals, schools, and commercial nodes becoming operational each year.

Build Quality

Specifications

Structure

RCC framed structure with seismic-zone-compliant design

Flooring

Vitrified tiles in living, dining, and bedrooms
Anti-skid ceramic tiles in bathrooms and kitchen

Bathroom

Senior-friendly grab rails and panic chord in every bathroom
Anti-skid flooring throughout
CP fittings of reputed make

Kitchen

Glazed ceramic tiles dado
Stainless steel sink with drain board

Doors & Windows

Wide doorways for wheelchair accessibility
UPVC or powder-coated aluminium sliding windows

Electrical

Modular switches throughout
Emergency switch in bedroom as per Athashri design standard
100% power backup for common areas and lifts

Security

24/7 CCTV surveillance
Gated entry with security personnel
Video door phone to each apartment

Why Invest

Compelling Reasons

1

India's largest senior community network as developer pedigree

Paranjape Schemes has been building Athashri communities since 2002. With 16 Athashri projects across Pune, Vadodara, and Bengaluru and over 3,000 residents already living within the Bhugaon valley cluster, B3 buyers join a proven, functioning community rather than a concept.

2

Part of a 190-plus-acre, award-winning integrated township

Athashri B3 is embedded within Forest Trails Township — a 190-plus-acre master-planned community that won the Best Residential Project award at the CNBC Awaaz Real Estate Awards in 2015. The township's existing clubhouse, school, restaurants, and retail mean residents move into a fully activated neighbourhood.

3

Nature-rich address directly opposite Manas Lake

The site office sits opposite Manas Lake on Paud Road. The township preserves 90 percent open space with 10,000-plus trees, a butterfly garden, and valley-facing green corridors — an environmental quality that urban Pune addresses cannot replicate at this price point.

4

Purpose-built senior design standard applied across all 16 Athashri projects

Every Athashri carries a six-point design philosophy: slip-resistant floors, emergency bedroom switches, bathroom panic chords, wheelchair-friendly layouts, handrail-fitted elevators, and wide doorways. B3 inherits this framework, not as an upgrade but as the base specification.

5

Established social infrastructure within the township

Forest Trails already has a CBSE school, lifestyle club (The Cliff), themed leisure area (The Cove), coffee shops, and restaurants functioning within the campus. Senior residents of B3 can access all of these on the same campus without leaving the gated township boundary.

6

MahaRERA registered with September 2029 possession target

Athashri B3 is registered with Maharashtra Real Estate Regulatory Authority under number P52100077686, offering buyers full statutory protection. The September 2029 RERA possession date provides a clear and legally enforceable timeline.

About the Developer

Paranjape Schemes

Paranjape Schemes (Construction) Ltd was incorporated on 18 December 1987 in Pune by brothers Shrikant Paranjape and Shashank Paranjape. What began as a residential developer focused on Pune's expanding housing demand has grown, over 38 years, into a company with 200 or more completed projects spanning nine cities and more than 20 million square feet of built area. The company became a public limited entity in May 2005, and today is led by Chairman Shrikant Paranjape, a qualified Chartered Accountant and active CREDAI Pune committee member since 1996, alongside Managing Director Shashank Paranjape, who has driven design, marketing, and construction strategy across the full portfolio.

Paranjape Schemes has consistently built communities rather than standalone buildings. Its signature approach traces back to early integrated township models, evolving into large-format master-planned environments such as Blue Ridge in Hinjewadi and Forest Trails at Bhugaon — two award-winning townships that have each been recognised at national platforms including the NDTV Property Awards 2015 and the CNBC Awaaz Real Estate Awards. Both townships weave housing, schools, retail, open space, and social infrastructure into self-sustaining neighbourhoods, a model the company has refined across decades of Pune's western and suburban corridors.

The portfolio spans residential apartments, row houses, bungalows, commercial offices, SEZs, hospitality assets, and educational institutions across Pune, Mumbai, Bengaluru, Vadodara, Kolhapur, Ratnagiri, and additional cities. Delivered developments serve more than 75,000 residents. In March 2026, the company announced an investment of Rs 700 crore across four new projects in Pune West — Sinhgad Road, Bhugaon, and Hinjewadi Phase 1 — representing a combined development potential of over 1.75 million square feet and approximately 1,400 residential units, with an estimated revenue potential of Rs 1,175 crore.

The philosophy encoded in the tagline Building for All is borne out in three purpose-driven living formats that set Paranjape Schemes apart from conventional developers. Athashri, the company's senior living brand, turned 25 years old in April 2026 and today spans close to 16 communities supporting more than 3,000 seniors, having welcomed its 6,000th resident in Vadodara. Aastha provides assisted-living care for elderly residents with daily health and wellness support. Swaniketan, located at Forest Trails near Pune and developed under the company's Special Projects Division, is India's first exclusive residential ecosystem designed for differently-abled individuals and their families — a project that integrates vocational centres, therapy spaces, day care, and dedicated caregiver infrastructure into everyday community life.

Rate this project

Write a review

Visited or booked here? Share your honest experience. Reviews are checked before they appear.

Frequently Asked Questions

What configurations are available in Athashri B3, and what is the approximate size range?+

Athashri B3 offers 1 BHK and 2 BHK apartments with carpet areas in the range of approximately 500 to 1,000 sq ft. The project is built across 2 towers of B+G+13 floors each on a 3-acre land parcel within Forest Trails Township.

What is the RERA registration number and possession date for Athashri B3?+

Athashri B3 is registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) under registration number P52100077686. The RERA possession date is September 2029.

How is Athashri B3 different from a regular apartment project — what senior-specific features are built in?+

Every Athashri project follows a six-point design standard that includes slip-resistant flooring, emergency switches in bedrooms, panic chords in bathrooms, wheelchair-accessible layouts, handrail-fitted elevators, and wider doorways. B3 also shares a dedicated clubhouse with the adjacent Athashri B1 and B2 buildings, designed around the needs of senior residents.

Where exactly is Athashri B3 located, and how far is it from the city?+

The site is at Forest Trails Township, Paud Road, Bhugaon, opposite Manas Lake, Pune — 412115. Bavdhan is approximately 5 km away, Chandani Chowk is roughly 10 minutes by road, Hinjewadi IT Park is around 15 km, and Pune city centre is about 7 km from Bhugaon.

Is Athashri B3 a standalone project or part of a larger community?+

B3 is the third building within Athashri Valley, which is itself a section of the 190-plus-acre Forest Trails Township. B1 and B2 are already populated, and B3 will share the same clubhouse and amenities, meaning new residents join a live community of over 3,000 members from day one.

Are home loans available for Athashri B3, and which banks approve this project?+

Paranjape Schemes projects, including the Athashri Valley cluster, have historically been approved by major lenders including HDFC Bank, ICICI Bank, and SBI. Buyers should confirm current loan-to-value terms and approved bank lists directly with the developer's sales team at the time of booking.