Paranjape Plans ₹700 Crore Investment in Pune Residential Projects
NEW DELHI: Paranjape Schemes Construction is set to invest approximately ₹700 crore in a series of residential projects located in Pune’s western corridor. The projects include five residential towers: two each at Sinhgad Road and Bhugaon, plus one at Hinjewadi Phase 1. This investment will cover construction costs and land acquisitions. Altogether, the developments will have a potential build-out of more than 1.75 million square feet, featuring around 1,400 residential units. The expected revenue from these launches is estimated at ₹1,175 crore. Amit Paranjape, the company’s business development head, stated, “In addition to our new launches, we are also in…