Paranjape Schemes' Athashri Senior Living Platform Marks 25 Years and 6,000th Resident Milestone
A Quarter-Century in Senior Living: Paranjape's Athashri Reaches 6,000 Residents
Paranjape Schemes marked 25 years of Athashri, its senior living platform that has played a defining role in shaping the evolution of organised senior living in India. The milestone was marked on April 20, 2026, with the handover to its 6,000th resident in Vadodara, bringing together residents, leadership, and partners that reflected the spirit of the community.
The Athashri platform spans close to 16 senior living communities, supporting over 3,000 seniors across multiple cities. Of the 16 Athashri communities, 13 are in Pune, 2 in Vadodara and 1 in Bangalore.
Scale and Developer Footprint
Paranjape Schemes (Construction) Ltd., established in 1989 in Pune, is one of India's leading real estate developers with over 35 years of legacy, having delivered 200+ residential and commercial projects across nine cities including Pune, Mumbai, Bengaluru, and Vadodara, spanning over 20 million sq. ft. of development and serving more than 75,000 residents.
Beyond mainstream residential and commercial real estate, the company has led the way in purpose-driven living formats, including Athashri (senior living communities), Aastha (assisted living), and Swaniketan, India's first residential ecosystem designed for differently-abled individuals and their families.
Evolution of India's Senior Living Sector
At a time when organised senior living was still met with hesitation, Athashri introduced a new way of thinking—one that placed dignity, independence, and community at the center of everyday living, gradually contributing to a broader shift in the country's senior living narrative.
Over the years, senior living in India has seen a clear shift from being viewed as a reluctant necessity to becoming a more conscious lifestyle choice, driven by changing family dynamics, longer life spans, and a growing desire among seniors to live actively and independently. This shift is also part of the larger rise of the silver economy, where the needs and aspirations of an ageing population are beginning to shape new ways of living.
April 20 Celebrations and Community Recognition
The milestone event featured performances by Athashri residents and felicitation of notable community members. Honored residents included Sanjay Govind Dhande, Padma Shri awardee and former Director of IIT Kanpur; Wing Commander Suresh Karnik, a decorated Indian Air Force officer and Veer Chakra awardee for his exemplary service during the 1971 war; Dr. Rita Mulherkar, a leading figure in cancer research and former senior scientist at Tata Memorial Centre; and Vandana Gupte, a celebrated name in Marathi theatre and cinema.
Healthcare and Wellness Integration
Amit Paranjape, Director, Business Development, announced a series of upcoming tie-ups across healthcare, wellness, emergency support, and community engagement, with partnerships enabling residents access to OPD, ICU support, minor OT facilities, and emergency services including cardiac ambulance transfers and on-call paramedic support.
The initiative includes the introduction of health monitoring systems with fall detection and real-time tracking of key vitals, with data accessible to doctors and family members.
Expansion into Tier 2 and Tier 3 Cities
Senior living is rapidly expanding into Tier 2 and Tier 3 cities like Nashik, Kolhapur, and Nagpur. The recent framework on senior living introduced by Maharashtra State Housing Policy 2025 marks a decisive moment in how senior living is being institutionalised in India.
Design Philosophy
Athashri homes include wider doors, railings, wheelchair-friendly bathrooms, roll-in showers, anti-skid tiles, video door phones, emergency pulls and stretcher lifts so residents can live safely and independently. With 24×7 security, CCTV surveillance and guest rooms with daily housekeeping, Athashri keeps residents and visitors safe and comfortable.