Paranjape Schemes Secures ₹150 Crore from WSB for Strategic Land Acquisitions in Pune
Paranjape Schemes, a leading real estate developer in Pune, has raised ₹150 crore from WSB Real Estate Partners to support strategic land acquisitions, enhancing flagship projects Blue Ridge and Forest Trails.
PuneReal EstateParanjape SchemesWsb Real Estate PartnersStrategic Land AcquisitionReal Estate PuneSep 08, 2025
This investment marks a significant milestone in the long-standing partnership between Paranjape Schemes and WSB Real Estate Partners. Over the years, WSB has made multiple investments with Paranjape Schemes, reflecting 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 be developed into new residential phases, further enhancing the infrastructure, scale, and lifestyle offerings of these communities.
Paranjape Schemes has a legacy of over 35 years, during which it has delivered more than 25 million square feet of built-up space and over 20,000 homes across Maharashtra. The company’s 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 the residential and commercial sectors across nine 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.
Frequently Asked Questions
What is the amount of investment Paranjape Schemes received from WSB Real Estate Partners?
Paranjape Schemes received ₹150 crore from WSB Real Estate Partners.
What are the key projects that will benefit from this investment?
The key projects that will benefit from this investment are Blue Ridge in Hinjawadi and Forest Trails in Bhugaon.
How long has Paranjape Schemes been in operation?
Paranjape Schemes has been in operation for over 35 years.
What is the development potential of the new land parcels?
The development potential of the new land parcels is up to ₹2,500 crore in revenue.
What is the vision of Paranjape Schemes for the future?
The vision of Paranjape Schemes is to build vibrant, integrated communities that enrich the lives of their residents.
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