Paranjape Schemes Construction Limited traces its roots to a cooperative-housing practice that Mr. V.B. Paranjape founded in 1930 in Mumbai, pioneering the concept of quality affordable housing and cooperative housing societies. The company in its present form was formalised decades later, when Pune emerged as a major industrial hub in the 1980s and Shrikant Paranjape and Shashank Paranjape recognised its potential for quality housing, forming Paranjape Schemes Pvt. Ltd in 1987. Today the firm operates as a multi-state developer: it has delivered over 200 projects spanning 25 million square feet since its founding, and currently has more than 800 full-time professionals developing 35 projects covering 20 million square feet across three states and eight cities in western India. Its footprint runs from Pune and Mumbai to Nashik, Kolhapur, Ratnagiri and Bengaluru, with a major market presence in Pune extended to Mumbai, Thane, Bengaluru and Vadodara. Leadership has stayed with the founding family across generations: Chairman Shrikant Paranjape is an active member of the Managing Committee of CREDAI Pune since 1996, while Managing Director Shashank Paranjape has run the business alongside his brother since the company's founding.
Paranjape Schemes has approached Bengaluru with two distinct products rather than a single format. In Whitefield, the developer built a project under its Athashri senior-living brand, a concept started in 2002 and thoughtfully created by Mr. Shashank Paranjape himself keeping in mind the lifestyle and necessities of seniors. Athashri has since become India's largest senior citizen community, with more than 2,000 families across Pune, Vadodara and Bengaluru, and by late 2024 counted 16 Athashri communities in total, with 13 in Pune, 2 in Vadodara and 1 in Bangalore. Separately, in Kempapura on Bengaluru's east side, the developer built Wind Fields — a mainstream residential project aimed at end-use families and investors rather than the senior-living segment. Seeing both formats in one city says something about how the group operates: it adapts its established Pune-tested product lines, senior living, integrated townships, mid-market apartments, to whichever Bengaluru micro-market it enters, rather than building a generic one-off tower.
Wind Fields sits in Kempapura, on Yemalur Road, near Divyasree Tech Park, in the Bellandur pocket of Bengaluru. Geographically, Kempapura here is a narrow, in-between stretch: the area between the end of Yemalur Main Road and the beginning of Wind Tunnel Road, sitting close to HAL's Flight Testing Centre and a short drive from Bellandur Lake. The project itself is a low-rise, mid-size development: it features 132 units spread across the site, on a total area of 2.80 acres, with unit sizes ranging from 1,131 to 1,741 sq. ft. across different configurations, and other listings recording sizes extending to roughly 1,791 sq. ft. for larger 4 BHK layouts. The development offers 1, 2, 3 and 4 BHK apartments equipped with the amenities needed to serve a residential community. It was officially launched on 19 January 2015 and is now in ready-to-move status, which gives a buyer the ability to inspect a completed building and an established neighbourhood rather than commit to a construction timeline. The project carries RERA registration number PRM/KA/RERA/1251/446/PR/171201/000442, and secondary listings have placed pricing in the range of roughly ₹79.5 lakh to ₹1.25 crore depending on configuration and floor.
Kempapura's relevance is tied entirely to what surrounds it. The locality sits inside the arc formed by Yemalur, Bellandur and Marathahalli, an established commercial belt built around Old Airport Road and the Outer Ring Road. Divyasree Technopolis, immediately nearby, has become one of the most strategically positioned commercial destinations along Bengaluru's Outer Ring Road, close to Marathahalli, Bellandur, Yemalur and Embassy Tech Village, and the same stretch is home to Prestige Tech Park and other Grade-A campuses. Old Airport Road here links directly to Indiranagar, Marathahalli, Domlur and Koramangala, while also connecting to the Outer Ring Road and MG Road — giving Wind Fields residents a route into both the eastern IT corridor and the city's older commercial core without depending on a single arterial road.
The Outer Ring Road that this belt feeds into is Bengaluru's principal circulation corridor for IT employment. It stretches approximately 60 kilometres, looping around the central city and bridging numerous neighbourhoods, tech parks and commercial zones, and areas alongside it have seen an influx of IT establishments, malls, educational institutions and residential complexes that have transformed once-quiet locales into active urban centres. Closer to Kempapura, everyday needs are served by Marathahalli's retail and hospital cluster, schools along Yemalur Main Road, and the broader amenity base built up around the Divyasree and Prestige tech campuses, including cafes, quick-service restaurants and pre-school chains that have followed the office workforce into the area.
For a buyer weighing Paranjape Schemes as a name rather than just a single project, the Athashri track record in Bengaluru is a useful reference point, even though it is a different product from Wind Fields. It signals that the company's Bengaluru involvement is not opportunistic: it has run a specialised, long-horizon housing format here for over two decades, backed by more than 200 completed projects across the group's 35-year history. That consistency, applied across formats from senior living to family apartments, is the throughline connecting the developer's Pune origins to its Kempapura address.
Wind Fields is a completed, RERA-registered, ready-to-move project rather than an under-construction launch, which changes the diligence a buyer does: floor plans, common areas and the immediate neighbourhood can be inspected as they stand today rather than assessed against a brochure. Its location trades a central-Bengaluru address for direct proximity to one of the city's densest office clusters along Old Airport Road and the Outer Ring Road, a trade that has historically supported steady rental demand from the IT workforce employed in the surrounding tech parks.
