Projects
planned at Sinhgad Road, Bhugaon and Hinjewadi Phase 1 to meet growing demand
for premium and well-connected homes in Pune’s fast-growing western corridor.
Pune, Maharashtra – 23th March 2026 : Paranjape Schemes Construction Limited,
most trusted real estate developers, has announced a series of new residential
project launches across Pune West as part of its upcoming festive season
offerings. The launches span key growth corridors including Sinhgad Road,
Bhugaon and Hinjewadi Phase 1, catering to the rising demand for thoughtfully
designed homes in well-connected neighbourhoods. As part of these launches, the
company will introduce two new towers on Sinhgad Road, two towers in Bhugaon,
and one tower in Hinjewadi Phase 1, further strengthening its presence across
Pune’s emerging residential micro-markets. These projects are designed to offer
a mix of modern amenities, connectivity advantages and lifestyle-focused living
environments for homebuyers looking at both end-use and long-term investment.
Collectively, the upcoming launches represent
a development potential of over 1.75 million sq. ft. across nearly 1400
residential units, with an estimated revenue potential of approximately ₹1,175
crore, reinforcing Paranjape Schemes’ strong pipeline in Pune’s western
micro-markets.
Commenting on the upcoming launches, Amit
Paranjape, Business Development, Paranjape Schemes Construction Private
Limited, said: “The festive season has traditionally been an important time
for homebuyers in India, as it represents new beginnings and long-term
investments for families. With these new launches across Pune West, we aim to
offer thoughtfully planned homes in locations that combine connectivity,
lifestyle and future growth potential. Each of these developments reflects our
continued commitment to creating quality living environments that meet the
evolving aspirations of modern homebuyers. Today, Paranjape Schemes has a
growing presence across nine cities in India something no other Pune-based
developer has achieved at this scale. Alongside our new launches, we are also
actively developing three large integrated townships that will shape the next
phase of urban living. Over the next decade, our vision is to continue
expanding our footprint while building large, well-planned communities that
create long-term value for homebuyers, investors and the cities we operate in.”
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. The upcoming launches aim to build on the success of the existing developments
and will offer contemporary homes designed for urban families.
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, the location continues to strengthen Paranjape
Schemes’ footprint in Pune’s rapidly evolving western suburbs.
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. The project is expected to offer modern
living spaces complemented by community amenities and easy access to
workplaces, schools and lifestyle conveniences.
With Pune continuing to witness strong housing
demand driven by its thriving IT sector, infrastructure development and
expanding urban footprint, Paranjape Schemes’ new projects are expected to
attract significant interest from both first-time buyers and investors looking
at high-growth residential corridors.
Over the next decade, PSCL aims to deepen its footprint as a trusted
brand, expand its signature senior living philosophy nationwide, create vibrant
integrated townships, and lead with innovation, sustainability and community
excellence across new markets.
For the organisation, the next phase of growth
is not about scale alone, but about relevance and responsibility. The focus
remains on community-led development, disciplined execution, and creating
spaces that age well with the city.
About Paranjape Schemes Construction Private
Limited
Paranjape Schemes (Construction) Ltd. (PSCL),
established in 1989 in Pune, 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. Over the decades, PSCL has built a strong reputation for
timely delivery, quality construction, and enduring customer relationships.
PSCL is widely recognised for pioneering
large-scale integrated townships such as Blue Ridge and Forest Trails master-planned
environments that seamlessly integrate housing, social infrastructure, open
spaces, recreational amenities, retail, and community facilities. These
developments are designed as self-sustained ecosystems that foster
connectivity, convenience, and community living.
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. Through these initiatives, PSCL reinforces its
philosophy of “Building for All,” with a continued commitment to inclusive,
sustainable, and future-ready communities under the leadership of Shashank
Paranjape and the second generation of the organisation.
For further information about the company: www.pscl.in
