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Paranjape Schemes to Invest ₹700 Crore in Five Residential Towers Across Pune's Western Corridor

  • by- Grihik
  • Mar 20, 2026
The projects in Sinhgad Road, Bhugaon, and Hinjewadi Phase 1 will have a development potential of over 1.75 million sq ft with approximately 1,400 units, projected to generate ₹1,175 crore in revenue. The company is also advancing three large integrated townships.
Paranjape Schemes to Invest ₹700 Crore in Five Residential Towers Across Pune's Western Corridor

Pune, March 20, 2026: Paranjape Schemes Construction plans to invest around ₹700 crore to develop a series of residential projects across Pune's western corridor. The planned developments will comprise five residential towers: two each at Sinhgad Road and Bhugaon, and one at Hinjewadi Phase 1. The investment includes cost of construction and land parcels .

Project Scale and Revenue Potential

The projects together have a development potential of over 1.75 million sq ft, with around 1,400 residential units. The estimated revenue potential from these launches is about ₹1,175 crore .

Company's Vision

Amit Paranjape, Business Development of the company, stated: "Alongside our new launches, we are also actively developing three large integrated townships that will shape the next phase of urban living" .