The Promenade Residences: Riverfront Living Within Pune's Blue Ridge Township
3 & 4 BHK · Starting ₹1.65 Cr onwards
Earlier marketed as PARANJAPE THE PROMENADE RESIDENCES.
The Promenade Residences is the newest residential address within Blue Ridge, Paranjape Schemes' integrated township in Hinjewadi Phase 1, Pune. The Promenade Residences has been thoughtfully conceived to build on this transformation by offering premium riverfront residences within the established Blue Ridge Township, positioning the tower as a new chapter within an already-functioning community rather than a project starting from scratch.
Rising 32 storeys, the Promenade Residences has been designed with only three residences on every floor, offering greater privacy, spacious layouts and uninterrupted views. Every residence features an uninterrupted view of the Mula River on one side and panoramic views of the Blue Ridge township and Pune skyline on the other. That dual orientation, river on one face and township on the other, is central to the everyday experience of living here.
The residences feature open layouts, expansive living and dining spaces, walk-in wardrobes, exclusive guest entry and private decks overlooking the Mula River, creating homes that are both functional and refined. The residences maximise natural light and ventilation while creating an elevated sense of space. Every plan decision, from the limited units per floor to the deck placement, has been made in service of privacy and view rather than density.
Amit Paranjape, Director, Business Development at Paranjape Schemes, has noted that the residential market in Hinjewadi Phase 1 has evolved significantly over the past two decades from one dominated by smaller homes to a location increasingly attracting buyers seeking premium residential developments. The location today also commands one of the highest residential rental values per square foot in Pune, reflecting its growing desirability and value appreciation. Arriving into this market at this point places The Promenade Residences at the intersection of an established township and a maturing micro-market.
For families weighing a home within Hinjewadi Phase 1, The Promenade Residences offers a riverfront address inside a township that already functions as a neighbourhood, complete with schooling, recreation and everyday retail in place.
Starting from Rs. 1.65 Cr onwards
| Configuration | Size | Starting Price |
|---|---|---|
| 3 BHK River-facing 3 BHK with open layouts and a private deck | 1317 sq.ft. | Rs. 1.65 Cr onwards |
| 4 BHK Expansive 4 BHK with walk-in wardrobe and river views | 1632 sq.ft. |
Detailed master plan and unit-wise floor plans available on request.
Blue Ridge Township, Rajiv Gandhi Infotech Park, Hinjewadi Phase 1, Pune 411057 · Hinjewadi Phase 1 · Pune
Hinjewadi Phase 1 sits at the western edge of Pune's IT corridor, anchored by the Rajiv Gandhi Infotech Park. Over the last two decades, Hinjewadi Phase 1 has evolved significantly from being a market driven by smaller ticket-size homes to one that is increasingly attracting discerning homebuyers seeking premium living, and post-pandemic the neighbourhood has matured into a well-established residential destination with world-class social infrastructure, leading schools and healthcare facilities. Improved regional connectivity, including the Missing Link, has reduced travel time to Mumbai to nearly 2.5 hours. The locality now sits among the more sought-after residential addresses in Pune's western belt.
Within this address, Blue Ridge Township occupies a distinct position. Blue Ridge is Paranjape Schemes' landmark 150-acre integrated township in Hinjewadi Phase 1. It has evolved into one of Pune's most established integrated communities, bringing together residential neighbourhoods, commercial spaces, an award-winning ICSE school, a state-of-the-art sports club, high street shopping, cafes, restaurants and a 9-hole golf course in a self-sustained ecosystem. The Promenade Residences occupies a riverfront position within this township, placing residents inside a functioning, mixed-use community rather than a standalone tower.
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A 23.3 km elevated corridor connecting Hinjewadi IT Park to Shivajinagar with 23 stations, expected to significantly cut commute times across Pune's western IT belt.
A road upgrade that has reduced travel time between Pune and Mumbai to close to 2.5 hours, strengthening Hinjewadi's position for professionals commuting between the two cities.
PMRDA has planned upgraded roads, footpaths and cycle tracks around Hinjewadi metro stations, improving access between residential pockets and the IT park.
Continued expansion of the Rajiv Gandhi Infotech Park across its phases keeps adding employment density, sustaining long-term housing and rental demand in the corridor.
Schools, hospitals, malls and high-street retail have expanded steadily along Hinjewadi and neighbouring Wakad-Baner, rounding out daily convenience for residents.
The tower is positioned along the Mula river inside Blue Ridge, a 150-acre integrated township that already functions as a self-contained community with schooling, recreation and retail in place, rather than a standalone launch on a bare plot.
The 32-storey tower has been planned with just three residences on every floor, a deliberate choice that limits density per level and gives each home more privacy, light and uninterrupted views than a typical high-density tower.
Every residence looks out over the Mula river on one side and the Blue Ridge township with the Pune skyline on the other, giving each home a distinct outlook rather than a single repeated view.
The address sits inside the Rajiv Gandhi Infotech Park precinct in Hinjewadi Phase 1, close to major established IT and business campuses, reducing daily commute for employees working in the corridor.
Paranjape Schemes (Construction) Ltd. is a Pune-origin developer with over three decades of activity across residential and commercial formats, including its long-running Athashri senior-living platform, giving the Blue Ridge township a track record behind it.
Residents step into a township that already includes an ICSE school, a 9-hole golf course, a sports club, high street retail, cafes and restaurants, meaning daily life amenities are functioning rather than promised for a future phase.
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