Paranjape Schemes (Construction) Ltd is not a name that entered Vadodara through a single project launch and left. The company's Vadodara office is located at Ground Floor 1 & 2, TAM House, Near Jakat Naka, Chhani Navayard Road, Nizampura, Vadodara, placing its local operations team inside the same stretch of the city where its flagship Vadodara residential project stands. For a buyer evaluating a developer from outside Gujarat, this detail matters: Paranjape Schemes runs its Vadodara business from Chhani itself, not from a satellite office elsewhere in the state.
The project, launched in Mar-2015, is currently completed with an expected completion date in Apr-2017. The 149 premium units are thoughtfully designed, combining spacious living with modern architecture, developed by Paranjape Schemes Construction Limited. The project is located in Chhani, Vadodara, Gujarat, with apartment sizes ranging from 415 sqft to 705 sqft. This was Paranjape's first senior-living community in the city, and it set the template the developer would later replicate at other Vadodara addresses. Athashri Vadodara's 1st Phase had 149 units, offered as 1 BHK and 2 BHK homes designed specifically for older residents rather than the standard apartment format found across the rest of Chhani.
The Chhani community carries the amenity set that has become an Athashri signature nationally: 24Hrs Backup Electricity, Amphitheater, CCTV Cameras, Club House, Fire Safety, Gym, Health Facilities, Intercom, Landscaped Garden, Library, Lift, Meditation Hall, Security Personnel, Shuttle Bus Service, Swimming Pool and Temple. The location advantage cited for the project is that it sits at Chhani, giving access to hospitals, schools, supermarts, parks and recreational centres nearby. Later, on the back of demand, Paranjape Schemes carried the same senior-living format to a second site in the city; the first phase of Athashri Vadodara was launched in 2016 with 149 units, and a second phase followed with 135 units including 1BHK, 2BHK and custom combinations for senior citizens. That expansion is itself evidence that Chhani's original Athashri performed well enough to justify a repeat commitment to the city.
Paranjape's Athashri format depends on residents being close to hospitals, daily-need retail, and family members who can visit easily without a long commute across the city — all things Chhani offers as an established, mixed residential-industrial locality rather than a fringe suburb still under development. Vadodara Airport is about 9 km from Chhani via Canal Road, Chhayapuri Railway Station on the Delhi-Mumbai Main Line is within 2 km, BIDC Gorwa Estate is about 8 km away, and Chhani Jakat Naka, a major IT hub in Vadodara, is about 5 km from the locale. Chhani also sits on National Highway NH48, giving residents and visiting families road access without depending solely on city arterials. Chhani is home to chemical, pharmaceutical, and engineering industries and is a popular rental hub due to its sound connectivity and proximity to several employment areas.
For a senior-living resident base, everyday social infrastructure counts as much as connectivity. Families in Chhani have access to numerous educational institutions, including Shree Gangabai High School, Government Primary School, Atharva Vidyalaya and Crystal Kids. Healthcare needs are served by several reputable hospitals in the area, including Satyam Hospital, Vikalp Hospital, Jaynil Hospital and Parth Hospital. Residents also have access to shopping through malls such as Amar Stores, Kanha Platinum, Vijay Stores and Big Basket, along with local markets. This is the density of everyday infrastructure that makes a senior-living project viable — Athashri residents are not isolated on a city edge, they are inside a functioning neighbourhood.
The Chhani real estate market is thriving, with a healthy mix of residential properties, and property prices have shown steady appreciation, making it an attractive area for real estate investment. Apartment prices in Chhani currently hover around ₹3,500 per sq ft, putting a regular 2 BHK apartment at roughly ₹31.5 lakh, a 3 BHK around ₹42 lakh, and a 1 BHK near ₹21 lakh. Against this backdrop, Paranjape's Athashri units in Chhani have historically been priced in a comparable senior-living bracket — 2 BHK units in the project have ranged from Rs. 29.47 Lakhs to Rs. 33.84 Lakhs — positioning the developer's Chhani product within the locality's own price band rather than at a premium disconnected from the area.
Chhani's residential market caters to diverse buyer needs, with developers increasingly introducing high-end apartments with modern amenities including swimming pools, gyms, and clubhouses, alongside gated communities that provide added security and green spaces. Paranjape Schemes' senior-living format sits inside this broader shift — Chhani has moved from a purely industrial-adjacent residential pocket to a locality where curated, amenity-led housing formats find buyers.
Paranjape Schemes (Construction) Ltd. (PSCL), established in 1989 in Pune, is one of India's leading real estate developers with over 35 years of legacy. The company has delivered 200+ residential and commercial projects across nine cities including Pune, Mumbai, Bengaluru, and Vadodara, spanning over 20 million sq. ft. of development and serving more than 75,000 residents. Over the decades, PSCL has built a reputation for timely delivery, quality construction, and enduring customer relationships. Its two best-known formats — large-scale integrated townships such as Blue Ridge and Forest Trails in Pune, and the Athashri senior-living platform — represent opposite ends of the residential spectrum, and it is the latter that the developer chose to bring first to Vadodara, with Chhani as its opening address in the city.
Paranjape Schemes marked 25 years of Athashri in 2026, a platform that has played a defining role in shaping organised senior living in India, celebrating the handover to its 6,000th resident in Vadodara. Today the Athashri platform spans close to 16 senior living communities, supporting over 3,000 seniors across multiple cities. That the company chose to mark a national 6,000th-resident milestone with a Vadodara handover underlines how central this city, and by extension the Chhani project that opened it, has become to the Athashri story.
