Established in 1987 by Shrikant Paranjape and Shashank Paranjape, Paranjape Schemes Construction Limited has spent nearly four decades shaping residential communities across western Pune. The company counts 200+ projects across 9+ cities and 7 countries, covering 20 million sq ft. Within that portfolio, the area around Hinjawadi and Wakad has been a consistent focus — not an opportunistic entry, but a sustained commitment that spans multiple completed phases and thousands of delivered homes.
Paranjape Schemes has handed over 1,000 units across Blue Ridge Township, Forest Trails Township, and Wakad, covering a total carpet area of 4,50,000 sq ft across all three projects. Wakad sits at the geographical and economic bridge between the established residential belt of Baner–Aundh and the Rajiv Gandhi Infotech Park at Hinjawadi — a position that Paranjape identified early and continues to develop deliberately.
Wakad, in the central part of Pune West, has transformed from a quiet suburb to a bustling residential and business hub, with smooth connectivity to Hinjawadi IT Park, Baner, Balewadi, Aundh, and Pimpri-Chinchwad, making it one of the most preferred destinations for professionals as well as families. For a buyer choosing a Paranjape address, that connectivity is not incidental — it is the core reason the developer has concentrated multiple projects here.
Wakad is well-connected by a robust road network, including the Mumbai-Pune Expressway, which facilitates easy access to the city center and other key localities. The locality is also well-connected through NH-48 (Mumbai Highway), the Wakad-Bhosari BRTS Road, and the Aundh-Ravet BRTS Road. The Hinjawadi-Wakad Link Road, on which Paranjape Trident Towers directly sits, further shortens the last mile to the IT park.
Pune Metro's Line 3, running from Hinjawadi Phase III to Shivajinagar, is a structural change for Wakad. The corridor runs through Hinjewadi, Wakad, Balewadi, Baner, and University Road, giving residents a faster commute to the city's major business districts. Upcoming metro connectivity is expected to push prices by an additional 8–12% post-completion.
On the demand side, the numbers are firm. Hinjewadi and Wakad lead Pune's key micro-markets in capital growth, while Wakad is seeing a 4% rental increase, demonstrating its ongoing popularity among professionals. Areas like Hinjewadi, Wakad, Baner, and Aundh — located close to metro corridors — have seen real estate demand surge by over 300%, with prices rising 25–30% since 2021.
Paranjape Trident Towers is constructed on a 9-acre land parcel, comprising 6 towers each rising LG+UG+Podium+26 floors, and offers 1 BHK, 2 BHK, and 3 BHK residences. The project is located on the new Wakad-Hinjawadi Link Road, Kemse Vasti, Wakad, Pune. Earlier phases of the same scheme were registered under MahaRERA numbers P52100004511 and P52100015697.
Across all phases, Paranjape Trident Towers counts 799 units in 6 towers of 22 floors, spread across 9.61 acres — a project scale that creates a self-contained residential community rather than a standalone block.
The location of Trident Towers within Wakad is specifically chosen for its access advantage. The project sits on the Hinjawadi-Wakad link road in PCMC, in the neighbourhood of Rajiv Gandhi IT Park, which means less time on the road and a direct route to Dange Chowk, keeping traffic snarls at bay.
A notable product feature distinguishes Trident Towers from the earlier Paranjape inventory in this locality: select 2 BHK residences include dedicated work pods, each equipped with a foldable office desk and ergonomic chair, and floor-to-ceiling sliding windows — a direct response to hybrid work patterns among the IT-professional buyer base that dominates Wakad.
The development's amenities include a temple, senior citizen sitting area, acupressure pathway, jogging track, and community club, alongside 24x7 water supply and security. Community-level amenities also include a swimming pool, clubhouse with gymnasium and indoor games, a festival court, a multipurpose hall, landscaped gardens, a kids' corner, an open lawn, a kids' pool, digital society management software, and a Wi-Fi-enabled campus. The project is also close to Indus Campus School, Shree Anand Memorial Hospital, Phoenix Mall of the Millennium, and Barbeque Nation.
Trident Towers is not the developer's first address in this corridor. Broadway, another Paranjape residential project, is located at Shankar Kalat Nagar, Wakad, and offers 2, 3, and 4 BHK homes with carpet areas starting from 560 sq ft. Paranjape Broadway, on Mahatma Phule Road near Millennium Emerald, is priced from Rs. 1 crore to Rs. 2.35 crore, spans 3.75 acres, and comprises 3 towers of 20 floors with 320 units. Paranjape Schemes' Broadway in Wakad received a strong response in its earlier phase.
Adjacent to Wakad, Paranjape's Azure project in Tathawade — a 6.06-acre development offering perfectly sized apartments, a cafeteria, kids play area, aerobics room, squash court, and pool deck — extends the developer's residential network across the Bhumkar Chowk-Tathawade belt. The presence of Richmond Park in nearby Rahatani, strategically connected to Kalewadi Main Road, Wakad Road, and the Pune Bypass, further extends Paranjape's coverage of the western Pune residential belt.
Beyond this locality cluster, Paranjape's scale context is anchored in two major township projects. In 2007, the company launched Blue Ridge, an integrated township of 138 acres in Hinjawadi along with 3.5 million sq ft of Special Economic Zone. In Blue Ridge alone, more than 5,000 units have already been delivered in The Groves. In 2009, Forest Trails — a 170-acre integrated township at Bhugaon — was launched, growing to over 2,000 residences delivered. These township credentials matter to a Wakad buyer because they speak to the developer's ability to manage large, multi-phase communities at scale — exactly what Trident Towers, at 799 units across 9.61 acres, demands.
Paranjape Schemes is also a pioneer in developing housing for senior citizens in India, under the Athashri brand. While Trident Towers is a mainstream residential offering, this heritage reflects a developer culture where community infrastructure — seating areas, acupressure paths, temples, multi-generational amenities — is built into the product rather than appended to it.
Property prices in Wakad range from Rs. 7,000 to Rs. 18,000 per sq ft depending on the project, builder reputation, location, and amenities, with premium projects commanding Rs. 12,000–18,000 per sq ft and mid-segment projects typically ranging from Rs. 7,000–12,000 per sq ft. During Q2 2025, average property prices for Paranjape Trident Towers moved from Rs. 11,900 per sq ft to Rs. 12,700 per sq ft, reflecting a 6.72% rise in a single quarter. Rental values in the project range from Rs. 23,000 to Rs. 32,000 per month for 1 BHK and 2 BHK units.
Wakad has witnessed consistent price appreciation of 10–15% annually over the past 5 years, with 12%+ appreciation in the last year alone — one of the best-performing real estate markets in Pune. The combination of a credible developer, a large-format project on the Hinjawadi link road, and this rate of market appreciation positions Trident Towers as a considered buy rather than a speculative one.