Tag: Amit Paranjape

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Pune: Property Prices May Jump ₹250-300/SQ FT Amid Supplier Hike

PUNE: Homebuyers in Pune may face rising property prices following a proposed rate hike by ready-mix concrete (RMC) suppliers for various concrete grades on May 9. Experts suggest that this increase could elevate construction costs by Rs 250-300 per square foot. “While some developers may absorb part of the costs for ongoing projects, new launches will likely pass the added burden on to buyers,” commented Nitin Deshpande, president of the Marathi Bandhkam Vyavasayik Association. The Pune RMC Association previously halted operations on April 16 due to coordination issues with the Maharashtra Pollution Control Board (MPCB), Pune Municipal Corporation (PMC), and…

Latest StoriesResidential

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…