NEW DELHI: Paranjape Schemes Construction plans to invest around ₹700 crore to develop a series of residential projects across Pune’s western corridor.
The planned developments will comprise five residential towers: two each at Sinhgad Road and Bhugaon, and one at Hinjewadi Phase 1. The investment includes cost of construction and land parcels.
The projects together have a development potential of over 1.75 million sq ft, with around 1,400 residential units. The estimated revenue potential from these launches is about ₹1,175 crore.
Amit Paranjape, business development of the company said, “Alongside our new launches, we are also actively developing three large integrated townships that will shape the next phase of urban living.”
