PARANJAPE CODENAME ALPHA — New Project Coming Up in Bhugaon, Pune

Codename Alpha Arrives in Bhugaon: Paranjape Schemes Expands in Pune's Western Corridor

Paranjape Schemes has introduced Codename Alpha, a residential project situated in the strategically connected locale of Bhugaon. The project offers 1, 2 & 3 BHK homes with modern amenities, green surroundings and strong connectivity.

Location and Connectivity

The project enjoys proximity to the lush greenery and cleaner air of the Mulshi hills while staying just 5-7 minutes away from the bustling streets of Kothrud and Chandni Chowk. Paranjape Forest Trails Codename Alpha is situated in the most premium location of Pune West, Bhugaon, opposite Manas Lake, Paud Road.

The property offers proximity to Sri Sri Ravishankar Vidya Mandir (3 mins), Suryadatta Public School and Junior College (8 min), supermarkets (5 mins), Phoenix Market City (20 mins), Patil Orthopaedic and Maternity Hospital (5 min), Unique Multispecialty Hospital (5 min), Pune International Airport (35 min), and Pune railway station (20 min).

Project Configuration

The project comprises 3 towers—Alpha (1 BHK), Highgardens (2 BHK), and Canopy (3 BHK)—each of G+19 storeys.

Amenities and Community Features

Amenities include Table Tennis, Temple, Reading/Carrom Card Room, Multipurpose Hall, Children Play area, Party Lawn, Fitness centre, Senior citizen area, Landscaped Garden, Walking Track, Sunset Deck, Herbal Garden, Gardening Space, and Yoga Meditation spaces.

The project features 24/7 CCTV surveillance, a manned entrance gate, and intercom facilities for every unit.

Regulatory Status

The project is RERA-authorized with MahaRERA numbers: Alpha - P52100022655, Highgarden - P52100053310, and Canopy - P52100079518.

Developer Background

Paranjape Schemes was established in 1987 by Shrikant Paranjape and Shashank Paranjape. The company has completed over 190 projects and built over 30,000 homes in Pune, Mumbai, Kolhapur, Ratnagiri, and Bengaluru. With a legacy of over 35 years, the company has over 210 projects across nine cities.

Paranjape's existing portfolio in the region includes Blue Ridge township, where over 5,000 units have already been delivered, and Forest Trails, which has delivered over 2,000 residences.

Bhugaon's Growth as a Residential Destination

As Pune expands, Bhugaon has emerged as the natural successor to established localities like Kothrud. The area is well-connected to advanced localities like Kothrud, Bavdhan, and Hinjewadi, with excellent road network via Paud Road.

The Pune Ring Road—a 128-kilometre controlled-access highway—has commenced construction on key stretches, with land acquisition underway and the detailed project report released. With infrastructure projects like the ring road and improved connectivity to the Mumbai-Pune Expressway, Bhugaon is a developing hotspot.

In March 2026, Paranjape Schemes announced launches across Pune West, including two new towers in Bhugaon among several projects in the fast-growing western corridor.