Paranjape Schemes Construction Limited (PSCL), established in 1989 in Pune, has delivered over 200 residential and commercial projects across nine cities — including Pune, Mumbai, Bengaluru, and Vadodara — covering more than 20 million sq ft and serving upward of 75,000 residents. That scale sets the context for what it means when the company makes a focused, multi-tower commitment to a single corridor: Sinhgad Road is not an exploratory move. It is a repeat choice.
Brothers Shrikant and Shashank Paranjape commenced the real estate business together in 1987, building the company from Pune outward. Milestone moments include the 1996 launch of Woodland at Kothrud — the tallest single-project building sanctioned in Pune at that point — and the 2000 launch of Athashri, marking the developer's entry into senior living. In 2009 they launched the Forest Trails integrated township across 170 acres at Bhugaon, a project that sits just a few kilometres up the same western corridor as Sinhgad Road. The geography of their biggest bets has always tilted west.
In March 2026, Paranjape Schemes announced plans to invest around ₹700 crore to develop five residential towers across Pune's western corridor — two of them on Sinhgad Road, two in Bhugaon, and one at Hinjewadi Phase 1. The full pipeline spans approximately 1,400 residential units across over 1.75 million sq ft, with an estimated revenue potential of ₹1,175 crore.
The two new Sinhgad Road towers are tracked here as Paranjape Schemes Pune West — New Towers (Sinhgad Road). Paranjape's prior project on the corridor — Guardian Cityscapes at Dattawadi — offered 2 and 3 BHK homes with carpet areas ranging from 560 sq ft to 853 sq ft, establishing a product template the developer has refined over successive phases on this road. Guardian Cityscapes was situated at the P. L. Deshpande Garden and Rajaram Bridge location, one of the more recognisable landmarks along the inner stretch of Sinhgad Road.
Beyond mainstream residential formats, PSCL has also pioneered purpose-driven living categories: Athashri for senior living communities, Aastha for assisted living, and Swaniketan — described as India's first residential ecosystem designed for differently-abled individuals and their families. Buyers of the new Sinhgad Road towers are buying into a developer whose portfolio breadth means on-site community management is an institutional habit, not an afterthought.
Sinhgad Road continues to gain traction due to its connectivity to central Pune and its established social infrastructure. For buyers whose reference points are Kothrud or Deccan, the road functions as a cost-effective westward extension — similar built environment, lower per-square-foot entry. Sinhgad Road sits in the affordable-to-mid bracket of West Pune, with property prices up to ₹6,000 per sq ft, compared to ₹8,000 per sq ft and above in Kothrud, Baner, and Aundh.
Flat prices on Sinhgad Road range from approximately ₹4,700 to ₹7,400 per sq ft, and the corridor recorded 8.4% price appreciation for apartments in the past year. That one-year movement outpaces the longer-term compound trend and reflects absorbing demand from buyers priced out of the more central western suburbs.
Sinhgad Road connects to the broader metro network via Nal Stop metro station, with Ideal Colony and Anand Nagar metro stations also serving the locality. PMPML bus routes complement metro access for daily commuters. Green infrastructure on the corridor includes Pu La Deshpande Garden on Sinhgad Road itself, making the neighbourhood identity distinct from purely transactional western suburbs.
Social infrastructure in the broader Sinhgad Road zone includes 27 educational institutions — among them Sinhgad Institute of Technology and Science, Bharati Vidyapeeth Deemed University, and the Film and Television Institute of India — alongside hospitals such as Bhagirathi Children's Hospital. This depth of education and healthcare supply is what gives long-term residential demand on the corridor its stability.
PSCL is recognised for large-scale integrated townships — Blue Ridge and Forest Trails — master-planned environments that integrate housing, social infrastructure, open spaces, recreational amenities, retail, and community facilities. The company has already delivered over 5,000 units at Groves (Blue Ridge) and more than 2,000 residences at Athashri (Forest Trails), both of which sit in Pune's western arc. The new Sinhgad Road towers extend this western commitment into a more urban, metro-adjacent sub-market — a different price point from Forest Trails' bungalow-and-villa township but recognisably from the same developer DNA.
Across its full portfolio, Paranjape Schemes counts 200-plus projects across nine-plus cities and seven countries, covering 20 million sq ft. The firm is also developing three large integrated townships as part of its medium-to-long-term strategy, which means buyer commitments made today on Sinhgad Road sit within a developer operating at genuine scale — one with the balance sheet and institutional relationships to see phased projects through.
With Pune continuing to see strong housing demand driven by its IT sector, infrastructure development and expanding urban footprint, Paranjape Schemes' new projects are expected to attract interest from both first-time buyers and investors looking at high-growth residential corridors. For Sinhgad Road specifically, the two-tower announcement is meaningful: it means the developer has already secured land parcels, committed capex, and is moving toward launch — this is not a speculative land-bank disclosure.
Over the coming decade, PSCL's stated focus is on community-led development, disciplined execution, and creating spaces that age well with the city — with growth defined not by scale alone but by relevance and responsibility. A buyer evaluating the Sinhgad Road towers is assessing a developer whose public communications and 35-year track record are consistent with that position.
