Paranjape Schemes to Invest ₹700 Crore for 1,400-Home Festive Launch Pipeline Across Pune West

Four New Projects Across Pune West

Paranjape Schemes Construction Ltd announced a ₹700 crore investment to develop four residential projects across Pune West as part of its festive season offerings. The launches represent a development potential of over 1.75 million sq ft across nearly 1,400 residential units, with an estimated revenue potential of approximately ₹1,175 crore.

Project Locations and Scope

The launches span Sinhgad Road, Bhugaon and Hinjewadi Phase 1, with the company introducing two new towers on Sinhgad Road, two towers in Bhugaon, and one tower in Hinjewadi Phase 1.

Strategic Growth Markets

Sinhgad Road

Sinhgad Road continues to emerge as a preferred residential destination due to its strong connectivity to central Pune, well-established social infrastructure, and proximity to key employment hubs, with upcoming launches aiming to offer contemporary homes designed for urban families.

Bhugaon

Bhugaon is gaining strong traction among homebuyers seeking a balanced lifestyle, with its scenic surroundings, improving infrastructure, and seamless connectivity to Kothrud and the Mumbai–Bangalore Highway strengthening Paranjape Schemes' footprint in Pune's rapidly evolving western suburbs.

Hinjewadi Phase 1

Hinjewadi Phase 1 is strategically located near Pune's largest IT hub, making it an ideal residential choice for professionals working in the Hinjewadi IT corridor, with the project expected to offer modern living spaces complemented by community amenities and easy access to workplaces, schools and lifestyle conveniences.

Developer Footprint

Paranjape Schemes, established in 1989 in Pune, is one of India's leading real estate developers and has delivered 200+ residential and commercial projects across nine cities including Pune, Mumbai, Bengaluru, and Vadodara, spanning over 20 million sq ft area. The company operates across integrated township models and senior living facilities, including landmark projects such as Forest Trails and Blue Ridge in Pune.

Amit Paranjape, Director-Business Development, noted that the company will invest around ₹700 crore to build these 1,400 units. He cited the festive season as traditionally important for homebuyers in India, representing new beginnings and long-term investments for families.