PARANJAPE SCHEMES PUNE WEST — NEW TOWERS (SINHGAD ROAD) — New Project Coming Up in Sinhgad Road, Pune

Two New Towers on Sinhgad Road

Paranjape Schemes has announced two new towers on Sinhgad Road as part of a significant expansion across Pune's western corridor. The announcement encompasses around 1,400 homes across the full pipeline, with an estimated revenue potential of Rs 11.75 billion, representing one of the developer's largest recent launches.

The Sinhgad Road towers are part of a broader initiative that spans over 1.75 million sq ft of residential space across key micro-markets in the western region. The full pipeline also includes two towers in Bhugaon and one tower in Hinjewadi Phase 1.

Why Sinhgad Road

Sinhgad Road continues to gain traction due to its connectivity to central Pune and established social infrastructure. The area has well-developed social infrastructure with top schools, hospitals, and entertainment centres, including educational institutions like Sinhgad Institutes, DSK School, and Bharati Vidyapeeth.

Key infrastructure projects, including the Pune Metro Line 2 and a new traffic-reducing flyover, are driving growth, attracting premium residential projects. The location is well-linked to the Mumbai-Pune Expressway with frequent bus services and easy access to Pune Railway station.

Paranjape's Track Record

Paranjape Schemes was established in 1989 in Pune and is one of India's leading real estate developers with over 35 years of legacy. The company has 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.

Paranjape Schemes has 83 residential and commercial projects in its portfolio, out of which 58 projects are in Pune. The developer's presence across the region includes large-scale integrated townships and multiple phased developments across south and west Pune.

Project Context

The announcement positions the Sinhgad Road towers within a wider festive-season strategy. These developments are aimed at meeting rising demand for well-connected and lifestyle-focused housing in Pune's western corridor, offering a mix of modern amenities and connectivity advantages.