Pune's Athashri by Paranjape Schemes Wins Best Senior Living Development in Asia Pacific
Paranjape Schemes Construction Ltd (PSCL) has achieved a significant milestone in senior living development as its Athashri project at Forest Trails, Pune, received the 5-Star Award for Best Senior Living Development in India at the 2025-2026 International Property Awards Asia Pacific. The accolade recognises PSCL’s sustained efforts to create thoughtfully designed communities tailored to the comfort, safety, and social engagement of senior residents.
Athashri, located within PSCL’s Forest Trails township, is designed to integrate nature, wellness, and lifestyle amenities, reflecting an evolving approach to urban senior housing. Industry experts note that the project exemplifies how developers can merge sustainability, accessibility, and community living to meet the needs of an ageing population in metropolitan centres. Amit Paranjape, Director Business Development, said, “This recognition is a testament to our team’s commitment to creating senior living communities that are both dignified and enriching. Athashri demonstrates our focus on nature-led neighbourhoods that enhance quality of life while promoting social engagement and wellness.”
According to officials, the award underscores the growing importance of specialised housing solutions for older adults, a segment often overlooked in urban real estate planning. PSCL’s focus on senior living is part of a broader strategic vision encompassing inclusive and sustainable urban development. The company has completed over 210 projects across nine Indian cities, covering residential and commercial spaces. Its portfolio also extends to housing solutions for differently abled residents, reflecting an emphasis on accessibility and equity in urban living environments.
Observers highlight that Athashri’s design incorporates energy-efficient technologies, green open spaces, and community-oriented amenities that align with the principles of sustainable urbanisation. These features, combined with proximity to essential services and social infrastructure, illustrate a model for zero-carbon, inclusive neighbourhoods that balance resident well-being with environmental responsibility. The International Property Awards recognise innovation and excellence across real estate markets in the Asia Pacific region. Athashri’s recognition positions PSCL as a frontrunner in senior-focused housing, setting a benchmark for developers seeking to integrate longevity, design, and social inclusion in residential planning.
As urban populations age and cities grapple with equitable housing solutions, PSCL’s award-winning approach offers a replicable blueprint for high-quality, sustainable senior living. Experts suggest that such initiatives could inform policy and development practices, encouraging a shift towards inclusive, age-friendly urban environments.
