Paranjape Schemes, a leading real estate developer in Pune, has raised ₹150 crore from WSB Real Estate Partners and its co-investors to support strategic land acquisitions across key township projects. This investment deepens the long-standing partnership between the two firms and underscores WSB’s confidence in Paranjape’s execution capabilities and growth vision.
The funds will be utilized to develop 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, enhancing the infrastructure, scale, and lifestyle offerings of these communities. This investment has a development potential of up to ₹2,500 crore in revenue.
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 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. 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.
Image Courtesy: housing.com
