Paranjape Schemes (Construction) Ltd has been building in Pune since 1987. Established by Shrikant Paranjape and Shashank Paranjape, the company has completed over 190 projects and built more than 30,000 homes across Pune, Mumbai, Kolhapur, Ratnagiri, and Bengaluru. With a legacy of over 35 years and a presence across nine cities, the company is among the few Pune-headquartered developers with a portfolio that spans residential, commercial, and the specialised category of senior citizen housing. In Mahalunge Ingale, the company is present through Paranjape Athashri Synergy — one node in its city-wide Athashri network, and the project that marks the developer's entry into this part of the Pimpri-Chinchwad fringe.
Athashri has grown to become India's largest senior citizen community, with more than 2,000 senior families already resident across its properties. There are 16 Athashri properties in total — 13 in Pune, two in Vadodara, and one in Bengaluru. The Mahalunge Ingale project, Athashri Synergy, sits within that established network, giving incoming residents access to the operational norms, service standards, and community infrastructure that Paranjape has refined across more than three decades of senior living development.
The six-point philosophy applied across all Athashri projects centres on senior-friendly design — slip-resistant flooring, emergency switches in bedrooms, panic cords in toilets, and wheelchair-friendly layouts — as standard, not optional. Residents across Athashri properties typically have access to a clubhouse, indoor games, a fitness club and gymnasium, a swimming pool, garden walkways, dining services, housekeeping and maintenance support, 24/7 security, CCTV surveillance, and shuttle bus services, complemented by on-site medical facilities, partnerships with hospitals, a dedicated doctor's room, and ambulance support. These are not site-specific claims; they represent the baseline that the Athashri brand has applied operationally across its Pune portfolio before arriving at Mahalunge Ingale.
Paranjape Athashri Synergy Mahalunge comprises a single tower of ten floors with 97 units, spread across 0.71 acres. The project offers 1 BHK and 2 BHK apartments. Unit sizes range from 350 to 452 sq ft, making the project suited to households seeking a compact, managed living environment. Athashri Synergy in Mahalunge is a ready-to-move housing society.
The project is RERA registered with ID P52100001787 under MahaRERA. Project amenities include a gymnasium, swimming pool, kids' play areas, yoga areas, jogging and cycling track, power backup, 24x7 security, CCTV and video surveillance, fire-fighting systems, intercom facility, sauna, clubhouse, a central green, indoor games, landscaping, indoor swimming pool, and separate entry and exit gates.
Key landmarks within reach of Athashri Synergy include Balewadi High Street, D-Mart, Suyash Commercial Mall, Jupiter Hospital, Ozone Mahalunge Hospital, Lifepoint Multispeciality Hospital, Banyan Tree International School, VIBGYOR School, and The Orchid School.
Once a bare, underdeveloped area, Mahalunge has become a sought-after destination for property buyers, made more desirable by its proximity to Baner. Prominent localities close by include Balewadi, Baner, Sus, Wakad, Pimple Saudagar, Rahatani, Hinjewadi, Pashan, and Aundh. For a senior living product, this geography resolves a common tension in retirement housing: proximity to established urban services without the density or cost of the core city.
Excellent connectivity to key areas of Pune and neighbouring suburbs is delivered through the Mumbai-Pune Expressway, Katraj-Dehu Road Bypass, and Pune-Bengaluru Highway. Mahalunge is 14.8 km from Pimpri-Chinchwad via NH-48 and 13.2 km from Pune city via NDA Pashan Road. NH-48 runs through the locality, linking it to Varje, Balewadi, Sus, Wakad, Dasar, Bavdhan, and Bhosari Colony. For families visiting senior residents — the practical metric that matters most to an Athashri buyer — this road access is a decisive factor.
Proximity to major employment hubs like Hinjewadi IT Park and the Talawade MIDC has made Mahalunge Ingale an attractive destination for professionals and investors alike. IT parks at Baner, Wakad, and Aundh are three to six kilometres away, and the area is regarded by the rental market as a competitive base for tech workers. That rental demand underpins the same connectivity that makes the address viable for Paranjape's senior living profile: adult children of residents typically work in these corridors.
A major infrastructure development underway is Pune Metro Line 3 (Hinjewadi–Shivajinagar), which will have its nearest station within approximately 800 metres of Mahalunge, significantly enhancing connectivity to Pune's urban core. Property prices in Mahalunge are expected to rise gradually as township supply reduces after 2025, and Metro Line 3 connectivity near Balewadi and Hinjewadi should improve commute reliability.
Athashri Synergy Mahalunge Ingale does not stand in isolation. Paranjape Schemes has built a concentrated cluster of projects across the Pune West and North-West belt that shares the same road and employment catchment. Paranjape Schemes Athashri Pune in Baner — part of the same Athashri series crafted specifically for senior living — is a ready-to-move project priced in the range of ₹40–74 lakh for 1 and 2 BHK apartments of 505–925 sq ft. The 178-acre Forest Trails township on Paud Road, Bhugaon, hosts another Athashri community — a villa format within a large gated campus. Paranjape Blue Ridge Phase 3 in Pune West offers 2 and 3 BHK apartments ranging from 689 to 1,109 sq ft.
Together, these projects illustrate the developer's strategy in western Pune: a senior living brand anchored close to Baner and Hinjewadi, supported by conventional residential supply at various price points in the same geography. A buyer looking at Athashri Synergy in Mahalunge Ingale is therefore choosing into a developer whose after-sales infrastructure, maintenance teams, and Athashri management staff are already present within a ten-kilometre radius.
Flat prices across Mahalunge, Pune currently range from approximately ₹7,650 to ₹13,250 per sq ft, with the average rate for flats around ₹9,050 per sq ft. In terms of price appreciation, flat rates in Mahalunge changed by 21.5% over the last three years and 39.2% over the last five years. For an Athashri-format product — compact, fully managed, ready-to-move — the baseline entry pricing is structurally lower than conventional mid-segment residential, making Mahalunge Ingale's current rate environment relevant context.
Mahalunge is identified alongside Punawale and Tathawade as a developing neighbourhood that has witnessed property appreciation rates of 12–15% annually, attributed to proximity to business hubs and infrastructural projects like the Pune Metro and Ring Road. Real estate analysts project that supply of new residential units in Mahalunge will taper off after 2025, potentially leaving only around 492 units available by 2028. A ready-to-move project like Athashri Synergy sits on the right side of that supply equation.
