Paranjape Schemes Construction Limited was established in 1987 by Shrikant Paranjape and Shashank Paranjape, and over the following 35 years the company built a portfolio spanning residential, commercial, townships, hospitality, educational institutes, senior living, and SEZs. The company has completed over 190 projects and built over 30,000 homes across Pune, Mumbai, Kolhapur, Ratnagiri, and Bengaluru. Bhugaon, on Pune's western fringe, is one of the locations where this track record is most visibly on display.
In 2009, Paranjape Schemes launched Forest Trails, an integrated township of 170 acres at Bhugaon. That single commitment, made when Bhugaon was far less developed than it is today, defines the developer's relationship with the locality. The township has since grown in scale and complexity, with the site variously described at 170 to 190 acres across its evolving phases. The community is home to over 3,000 like-minded individuals and is adorned with over 34,000 trees. What started as a single launch has become Pune's most referenced nature-centric township address on the western corridor.
Forest Trails is not a single building or cluster — it is a full township with differentiated product types under one gate. The 190-acre township is divided into exclusive residential sectors, each with its own niche identity, and includes NA bungalow plots, luxury villas, apartments, and an Athashri senior living segment. The township features The Cliff Club, an Olympic-sized sports complex, an Equestrian Academy for horse riding, and multiple landscaped walking trails. A Shri Ravishankar Vidya Mandir School, cafes, and a shopping centre are also within the township gates.
The township boasts 90% open spaces, providing a mesmerising expanse of greenery and walkways. With 38,000-plus trees, it offers a micro-climate that is reportedly 2–3 degrees cooler than the city. This is the physical context in which Forest Trails The Highlands sits — a defined cluster inside an already-occupied, already-operating township, not a greenfield plot.
The Highlands is Paranjape Schemes' active residential cluster within the Forest Trails township. It is a self-contained community spanning 7.72 acres and comprising 11 majestic 17-storey towers alongside independent bungalows, offering considerable variety within a single cluster. The Highlands occupies a prime hub inside the mixed-use luxury township, with 3 BHK premium bungalows arrayed alongside high-rise towers, creating diverse architectural pathways for buyers.
The project is fully RERA-registered under number P52100000103, guaranteeing regulatory compliance for buyers. Phase 1 is ready, while Towers 9, 10, and 11 — offering 2 BHK configurations — are under construction with a possession target of July 2028.
Buyers at The Highlands inherit all shared infrastructure that the wider Forest Trails township has built and occupied over 15 years: the sports club, equestrian centre, school, cafes, 3-tier security, and the trail network. This is a structural advantage that few township launches at this scale in Pune can replicate at the point of booking.
The developer's continued pipeline in Bhugaon is a deliberate strategic position, not simply legacy momentum. As of March 2026, Paranjape Schemes announced two new towers in Bhugaon as part of a broader festive-season pipeline spanning Sinhgad Road, Bhugaon, and Hinjewadi Phase 1. Collectively, those upcoming launches represent development potential of over 1.75 million sq ft across nearly 1,400 residential units, with an estimated revenue potential of approximately ₹1,175 crore.
Bhugaon is gaining strong traction among homebuyers seeking a balanced lifestyle, and the area is emerging as a preferred destination for its scenic surroundings and improving connectivity to Kothrud and the Mumbai–Bangalore Highway. These are the forces Paranjape identified in 2009 and has continued to underwrite with capital every few years since.
Beyond Forest Trails, the developer runs an Athashri senior living facility within the same Bhugaon township, and has also launched Swaniketan in Bhugaon, a residential community designed for differently-abled individuals and their families. The breadth of product within one locality — mainstream residential, premium villas, bungalow plots, senior living, and inclusive housing — reflects a developer treating Bhugaon as a long-term urban precinct rather than a single product opportunity.
Forest Trails is located in Bhugaon, Pune West, just 10 minutes from Chandani Chowk and 15 minutes from Bavdhan. The locality is well-connected to Kothrud, Bavdhan, and Hinjewadi through the Paud Road network. For buyers at The Highlands or any active Forest Trails cluster, this proximity translates to meaningful daily access to employment, retail, and healthcare in Pune's established western suburbs.
The infrastructure picture is strengthening. Pune's 173 km Ring Road project, estimated at ₹17,000 crore, has its western section passing through this corridor, with that stretch targeted for completion by 2026–27. Once operational, it gives Bhugaon residents direct access to Hinjewadi, Wakad, and the northern IT corridor without touching Chandani Chowk traffic. The 190-acre Forest Trails township is positioned along this upcoming PMRDA Ring Road.
The Vanaz Metro Station on Pune's Aqua Line is approximately 6 km from Bhugaon, connecting the locality to PMC Bhavan and Ramwadi. The township is also connected to Hinjewadi and Pirangut via the new bypass and the Chandani Chowk cloverleaf flyover.
Average property prices in Bhugaon ranged from approximately ₹6,500 to ₹9,500 per square foot as of early 2025. Flats in Bhugaon are available at more affordable rates than comparable stock in Kothrud and Bavdhan. Within the Forest Trails township specifically, Paranjape's range is broad: the 190-acre integrated township offers 2 and 3 BHK apartments starting from ₹70 lakh onwards across its active phases. For buyers benchmarking against Pune's established western suburbs, this represents meaningful relative value from a developer with a 35-year delivery record in the city.