Paranjape Schemes (Construction) Ltd. was established in 1989 in Pune, and over more than three decades it has built a portfolio that today spans nine cities, including Pune, Mumbai, Bengaluru, and Vadodara. Across this footprint the company has delivered over 200 residential and commercial projects covering more than 20 million square feet, serving upward of 75,000 residents. In Vadodara, that presence is built around a single, distinctive product line rather than a scatter of towers: Athashri, the company's dedicated senior-living format.
Athashri is not a side business for Paranjape Schemes. In 2026 the platform marked 25 years since it pioneered organised senior living in India, and it chose Vadodara for a milestone moment: the handover of Athashri's 6,000th resident nationally took place at the Vadodara community. The Athashri platform now spans close to 16 senior-living communities and supports over 3,000 seniors across the cities it operates in, which makes Vadodara's contribution to that count a meaningful part of the brand's story rather than a peripheral outpost.
Paranjape Schemes launched the first phase of Athashri Vadodara in 2016 in the Chhani-Sakariya belt, comprising 149 units across 1 BHK and 2 BHK layouts sized between roughly 415 and 705 sq ft. Demand held up well enough that the company returned with a second phase in 2021 at Ajwa-Nimeta, adding 135 further units, again in 1 BHK, 2 BHK, and a few custom senior-friendly configurations. Managing Director Shashank Paranjape linked the timing directly to rising interest in senior living after the pandemic, noting that adult children increasingly move to other cities and even abroad for careers, leaving parents to seek secure, community-oriented housing back home.
The Vadodara community carries the same design language the brand uses across its Athashri projects nationally: non-skid flooring throughout each apartment, grab bars in corridors and washrooms, panic-alarm switches in master toilets, generator-backed lifts, and stretcher-accessible layouts. Healthcare support includes doctors on call, a 24x7 ambulance tie-up, and digitally maintained medical records for residents. Recreational and community infrastructure includes a clubhouse, library, amphitheatre, a gym designed specifically for older bodies, physiotherapy on call, a swimming pool with safety railings, an on-campus temple, and a shuttle bus service for intra-campus and city travel. The wider Athashri Vadodara campus is laid out across multiple towers, and residents point to nearby landmarks such as the railway station, the airport, and Pioneer Hospital as part of daily convenience.
Athashri Vadodara sits close to the Ajwa-Nimeta Botanical Garden and its musical fountain, giving the community a green, low-density setting rather than a dense commercial pocket, which matters for a product built around calm daily living. Paranjape Schemes maintains a dedicated Vadodara office at TAM House, near Jakat Naka on Chhani Navayard Road in Nizampura, keeping sales, service, and community management local rather than run remotely from Pune. This locality sits within the broader Chhani corridor, one of the areas that market trackers flag as offering good entry points for residential investment in the city alongside Harni and Tarsali.
Vadodara's case for Paranjape Schemes rests on fundamentals that suit long-term, family-anchored housing rather than short-cycle speculative buying. The city sits on the Delhi-Mumbai Industrial Corridor, and the Vadodara-Bharuch section of the Delhi-Mumbai Expressway, an 87 km stretch, was inaugurated in February 2024, tightening the city's link to the wider industrial belt running through Bharuch and Ankleshwar. Vadodara's economy is diversified across pharmaceuticals, petrochemicals, and manufacturing, alongside a strong base of educational institutions and cultural heritage that gives the city stable, long-tenure residents rather than transient renters. Property prices in prime areas average roughly ₹4,000 to ₹5,000 per sq ft, a level that keeps the city considerably more affordable than India's larger metros while still supporting steady appreciation.
That combination, established families, working professionals whose parents choose to stay close by, and comparatively moderate entry prices, is precisely the demand base that a senior-living format depends on. It also explains why Vadodara has begun attracting attention from other national developers: Godrej Properties entered the city with a 34-acre residential land acquisition, and Arvind SmartSpaces separately announced its entry into the Vadodara market through a large-scale joint development. Paranjape Schemes arrived earlier, in 2016, and has used the intervening years to build a two-phase, resident-tested community rather than a single launch.
Paranjape Schemes' broader identity as a developer is built on integrated townships as much as senior living. In Pune, the company is known for large-scale, master-planned developments such as Blue Ridge and Forest Trails, projects that combine housing with social infrastructure, open spaces, retail, and community amenities within a single planned environment. That same institutional discipline, in-house design, marketing, and construction management overseen by the Paranjape family leadership, carries over into how the Vadodara Athashri community has been phased, priced, and expanded over nearly a decade. For a Gujarat buyer evaluating Paranjape Schemes specifically, Vadodara is not a test-market footnote; it is the city where the company's flagship senior-living brand hit a defining national milestone.
