Pune : Paranjape
Schemes, a leading real estate developer in Pune, has raised ₹150 crore from
WSB Real Estate Partners, a leading alternative asset management firm, along
with its co-investors, to support strategic land acquisitions across key
township projects.
This capital infusion marks a deepening of the
long-standing partnership between the two firms. WSB Real Estate Partners,
through its funds and co-investment platforms, has made multiple investments
with Paranjape Schemes over the years underscoring its continued confidence in
the developer’s execution capabilities and growth vision.
The funds will be utilized to activate high-potential
land parcels within Blue Ridge in Hinjawadi and Forest
Trails in Bhugaon, two of Paranjape’s flagship township developments. These
parcels will now be developed into new residential phases, further enhancing
the infrastructure, scale, and lifestyle offerings of these communities.
With a legacy of over 35 years, Paranjape Schemes has
delivered more than 25 million sq. ft. of built-up space and
over 20,000 homes across Maharashtra. Its portfolio includes
landmark developments such as Blue Ridge, Forest Trails, and the
pioneering Athashri senior living communities.
Rahul Paranjape, Director – Corporate Finance,
Paranjape Schemes, said “We value our
long-standing relationship with WSB Real Estate Partners and are pleased to
receive their continued support. This investment allows us to unlock strategic
land parcels and fast-track our next phase of growth, with a development
potential of up to ₹2,500 crore in revenue. It aligns with our long-term vision
of building vibrant, integrated communities that enrich the lives of our
residents.”
The partnership reflects both organizations’
commitment to thoughtful urban development and long-term value creation in
India’s real estate ecosystem.
For more information, please visit –www.pscl.in
About Paranjape Schemes (Construction) Ltd.
With a legacy of over 35 years, Paranjape Schemes has
to its credit over 210 top of the line projects with a strong presence in
residential and commercial sector across 9 cities They are pioneers in
developing housing for senior citizens along with curated housing for
differently abled. With a major market presence in Pune, Paranjape Schemes has
also expanded their footprints in Mumbai, Thane, Bengaluru and Vadodara
