Paranjape Broadway — Generous 3 and 4 BHK Homes Rising Above Wakad
3 & 4 BHK · Price on Request
Paranjape Broadway is a residential address by Paranjape Schemes Construction Limited (PSCL) on Datta Mandir Road, Shankar Kalat Nagar, Wakad — one of the most active residential catchments in western Pune. The project comprises five towers across 3.75 acres, delivering 320 homes in 3 BHK and 4 BHK configurations, with just four apartments per floor ensuring a low-density floor plate that is uncommon in new construction at this location.
Each floor is designed so that no apartment directly faces another, giving every unit a permanent open outlook. Two sides of each apartment are open to the sky, drawing natural light and cross-ventilation deep into the living spaces. At 20-plus storeys, Broadway ranks among the taller residential structures in Wakad, and the resulting elevation translates into unobstructed sightlines across the city's western skyline.
The interiors carry the mark of considered material choices: vitrified and wooden flooring, a granite kitchen platform with a stainless-steel sink, concealed fire-resistant copper wiring, and hot-and-cold mixing units paired with quality sanitary ware. An earthquake-resistant RCC structure underpins the building. Smart-home provisions — video intercom, digital door lock, smart lighting in the living and dining areas, and an elevator call facility — are built into every apartment, not offered as optional upgrades.
The amenity ecosystem is anchored by Pier 18, the project's community clubhouse, which is conceived as more than a fitness facility. A cascading swimming pool, meditation garden, acupressure zone, dedicated yoga space, outdoor performance court, BBQ terrace, and amphitheatre are layered across the podium and ground plane. PSCL, founded in 1987 by Shrikant and Shashank Paranjape, has delivered 200-plus projects across Pune, Mumbai, Kolhapur, Ratnagiri, and Bengaluru over 35 years — a track record that includes the 138-acre Blue Ridge township in Hinjewadi and the Forest Trails integrated township in Bhugaon.
Wakad is on the cusp of a connectivity transformation. Pune Metro Line 3, the 23.3-km elevated corridor from Hinjawadi to Civil Court, has completed end-to-end trial runs, and Wakad Station is planned as a multimodal transit hub on that corridor. Owning here before the line becomes operational means settling in at current values while capturing the commute benefit that follows. Paranjape Broadway invites buyers who value genuine space, a proven developer, and an address that is clearly in forward motion.
| Configuration | Size | Starting Price |
|---|---|---|
| 3 BHK Four apartments per floor, two open sides, generous carpet area | 1218–1280 sq.ft. | On request |
| 4 BHK Expansive four-bedroom homes with dual open aspects and panoramic city views | 1750–2285 sq.ft. | On request |
Detailed master plan and unit-wise floor plans available on request.
Datta Mandir Road, Shankar Kalat Nagar, Wakad, Pune 411057 · Shankar Kalat Nagar, Wakad · Pune
Wakad occupies a strategic position in western Pune, sitting at the confluence of the Mumbai-Bangalore Highway (NH-48) and the Hinjewadi IT corridor. The neighbourhood draws a large working population from Rajiv Gandhi Infotech Park — one of India's largest IT clusters — as well as from the Pimpri-Chinchwad manufacturing belt to the north. Dange Chowk, a principal traffic node, is 1.5 km from the project, keeping residents close to arterial routes without placing them in the thick of highway noise.
Paranjape Broadway sits on Datta Mandir Road in Shankar Kalat Nagar, a mid-density residential pocket within Wakad. The address offers dual access — from Datta Mandir Road and from Pink City Road — making daily ingress and egress uncomplicated. Hinjewadi Road is approximately 2.6 km away, Akshara International School and Junior College sits within the immediate neighbourhood, and D-Mart is 3.2 km out. The Wakad Metro Station on the forthcoming Pune Metro Line 3 — a 23.3-km elevated corridor linking Hinjawadi to Civil Court — is being developed as a multimodal transit hub directly serving this precinct, a change that will materially reduce commute times for IT professionals travelling daily to Rajiv Gandhi Infotech Park.
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The 23.3-km elevated Puneri Metro Line 3 has completed end-to-end trial runs. Wakad Station is being developed as a full multimodal transit hub, expected to reduce travel time to Shivajinagar from 90 minutes to roughly 45 minutes once operational.
A 60-metre FOB installed at Wakad Metro Station in June 2026 by PITCMRL bridges the Mumbai-Bengaluru National Highway, providing safe pedestrian access to the station from Shankar Kalat Nagar and surrounding residential pockets.
The Union Cabinet approved Pune Metro Phase 2 in June 2025, adding two elevated corridors spanning 12.75 km with 13 new stations, further extending the metro network across the western and eastern flanks of the city.
A 700-km greenfield expressway linking Pune and Bengaluru, expected to be complete by 2028, will significantly cut inter-city travel time and strengthen demand in western Pune localities including Wakad that already sit close to the Mumbai-Bangalore Highway corridor.
The Pune Metropolitan Region Development Authority's 83-km ring road is designed to improve inter-nodal connectivity across the Pune Metropolitan Region, easing pressure on internal city roads and opening new corridors that link Wakad more fluidly with peripheral growth zones.
Each floor at Paranjape Broadway accommodates just four apartments, with no unit directly facing another. Two open sides per apartment ensure every home receives cross-ventilation and a lifetime unobstructed outlook — a configuration increasingly rare in high-density Wakad.
Paranjape Schemes Construction Limited was founded in 1987 by Shrikant and Shashank Paranjape. The company has delivered 200-plus projects across Pune, Mumbai, Kolhapur, Ratnagiri, and Bengaluru, including the 138-acre Blue Ridge township in Hinjewadi, with a stated customer base of over 15,000 families.
With 3 BHK units at 1,218 sq ft and 4 BHK units ranging from 1,750 to 2,285 sq ft in carpet area, Broadway offers floor areas that are meaningfully above the Wakad market average, where most recent launches have trended toward smaller configurations.
Wakad Station on Pune Metro Line 3 — the 23.3-km Hinjawadi-to-Civil Court corridor — is a designated multimodal hub with bus, taxi, and shuttle integration. Trial runs across the full corridor are complete, with commercial operations expected imminently.
Paranjape Broadway is registered under Maharashtra Real Estate Regulatory Authority with RERA number P52100016356, providing buyers with statutory disclosure, escrow-protected funds, and a structured redress mechanism under MahaRERA.
Video intercom, digital door lock, smart lighting across living and dining spaces, in-apartment elevator call, and society management software are standard specifications at Paranjape Broadway, delivered as part of the base offering rather than as premium add-ons.
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