Paranjape Schemes' Bold Pune Expansion with Rs 700 Crore Investment

Real estate company Paranjape Schemes Construction Ltd will invest Rs 700 crore in Pune to develop four residential projects for a total of 1.75 million sq ft and nearly 1,400 units, with expected revenues of Rs 1,175 crore. The move aligns with the festive season and urban living trends.

Real estate firm Paranjape Schemes Construction Ltd is set to inject Rs 700 crore into the development of four new residential projects in Pune, highlighting its aggressive expansion plan in the region.

The company unveiled these projects as part of its festive season lineup, showcasing a development potential exceeding 1.75 million sq ft and promising the delivery of nearly 1,400 residential units, aiming for an estimated revenue of Rs 1,175 crore. Director of Business Development, Amit Paranjape, emphasized the significance of the festive period for homebuyers, associating it with new beginnings and investment opportunities for Indian families.

Apart from these projects, Paranjape Schemes is also working on three major integrated townships, anticipated to redefine urban living in the area. Despite a drop in housing sales in Pune last year, the company's legacy of over 200 projects across various Indian cities reflects its leading position in the real estate sector since its inception in 1989.

(With inputs from agencies.)