Paranjape Schemes (Construction) Ltd, founded in Pune in 1987 by brothers Shrikant and Shashank Paranjape, has built its Pune South presence along the Mumbai-Bangalore Highway (NH-48) corridor running through Khed Shivapur. Established in 1987 by Mr Shrikant Paranjape and Shashank Paranjape, the company has developed a diverse portfolio of real estate projects, including residential, commercial, hospitality, and SEZ projects, and has completed over 190 projects and built over 30,000 homes in Pune, Mumbai, Kolhapur, Ratnagiri, and Bengaluru. On its own listings, the company now counts 200+ projects across 9+ cities and 7 countries, covering 20 million sq ft, built on 35 years of excellence and trust. Khed Shivapur is one of the newer additions to that map, sitting alongside longer-standing addresses the builder has developed in Bavdhan, Bhugaon, Hinjawadi, Wakad and Baner.
Everglades New is Paranjape Schemes' current residential offering near Khed Shivapur, listed by the developer as a project of Everglades New · Residential · Everglades New · Residential · Near Khed Shivapur · 1-2 BHK homes. It carries the Everglades name the builder first used at its Forest Trails development in Bhugaon, where Paranjape Everglades features 90% open spaces, The Cliff lifestyle club, and excellent connectivity, just 13 km from the City Centre, but Everglades New is positioned as a distinct, more compact-format project on the Pune-Satara side of the city, catering to the same demand for smaller, garden-facing 1 and 2 BHK homes that has worked for the brand elsewhere on this highway.
Paranjape Schemes is not new to this particular stretch. The developer already operates Happiness Hub near the Khed Shivapur toll plaza, offering multi-role 1 and 2 BHK apartments, and Samara Hills, a plotted NA-plot development on the Pune-Satara Highway close by. Paranjape Schemes Construction Ltd is one of the known real estate brands in Pune South, having delivered 57 projects so far, with around 10 projects upcoming and 16 currently under construction. Everglades New extends that cluster, giving the builder three separate addresses within a few kilometres of each other on the same highway corridor.
Khed Shivapur sits on NH-48, the Mumbai-Bangalore Highway, roughly 25-27 km south of central Pune. Khed Shivapur is a locality on the Pune-Satara National Highway south of Pune, an emerging residential area popular among buyers looking for affordable plots and farmhouses, and is also known as a toll point on the Pune-Bangalore highway seeing gradual residential development. For a developer whose Pune footprint already spans Hinjawadi, Bavdhan, Wakad and Bhugaon on the west, Khed Shivapur represents the southern counterpart, giving Paranjape Schemes coverage on both sides of the city's growth corridors.
The highway itself is the locality's defining infrastructure asset. Khed Shivapur benefits significantly from its proximity to the Mumbai-Bangalore Highway (NH48), and recent upgrades and widening projects on this highway have drastically reduced travel times, while the Pune-Satara Highway ensures smooth connectivity to other major industrial and commercial hubs. From a Paranjape Everglades New address, Katraj is roughly 15 km and Navale Bridge around 10 km along this same highway, per listings for the builder's nearby Happiness Hub project. Pune Junction Railway Station is at 26 km via NH-48 & Sinhgad Road, while Pune International Airport is 35 km from Khed Shivapur.
Khed Shivapur's social infrastructure has grown alongside the highway. Khed Shivapur is a pretty quiet place, acknowledged as an excellent place to recuperate and enjoy nature, and the area is partly urban and partly rural, with most basic services such as schools, colleges, and hospitals within reach, alongside plenty of places to shop. Nearby landmarks referenced for the builder's Samara Hills project include Vilasrao Bandal School, a Destination Centre retail cluster, and Siddhivinayak Hospital, all pointing to a locality that has moved past being a pure highway halt into a functioning residential neighbourhood. Residents in area reviews cite good public transport, easy cab and auto availability, no water shortage, and a clean, hygienic environment as recurring positives.
Khed Shivapur remains priced well below Pune's western IT corridors, which is part of its appeal for a builder known for both premium townships and value-format homes. Average sale price in the locality runs around ₹5,200 per square foot, while other trackers put the average registry rate in Khed Shivapur at ₹5,300 per sq ft, based on 148 recent transactions. At the unit level, 1 BHK properties in the locality trade between roughly ₹21 lakh and ₹26 lakh, and 2 BHK units between ₹36 lakh and ₹40 lakh, a bracket that aligns with the compact 1-2 BHK configurations Paranjape Schemes has built its Khed Shivapur portfolio around, from Happiness Hub to Everglades New.
Buyers evaluating a Paranjape Schemes project in Khed Shivapur are also buying into a company with a documented institutional history in Pune. The company's Blue Ridge township in Hinjawadi won recognition as Best Township Project of India at the NDTV Property Awards 2015, and its Forest Trails development picked up a Best Residential Project award at the CNBC Awaaz Real Estate Awards in 2015. The firm has also been recognised externally on trust metrics, having been ranked as the 9th Most Trusted Brand in the real estate category by TRA Research in 2019. Beyond residential towers, Paranjape Schemes is credited as a pioneer in developing housing projects for senior citizens in the country under its Athashri brand, a portfolio that runs in parallel to its family-housing projects such as Everglades New.
Corporately, the company works out of PSC House on Dr. Ketkar Road off Prabhat Road in Pune, and its promoters remain active in the city's real estate ecosystem. Mr. Shrikant Paranjape is a qualified Chartered Accountant and a member of the Institute of Chartered Accountants of India, and has been an active member of the Managing Committee of CREDAI, Pune since 1996. That combination of scale, sustained project delivery and industry standing is the backdrop against which a Khed Shivapur buyer is assessing Paranjape Everglades New.
