Paranjape Schemes Announces Strategic Investment Partnership with Nisus Finance
Paranjape Schemes (Construction) Ltd., a legacy developer known for pioneering new-age residential formats, has announced a strategic investment partnership with Nisus Finance.
Investment Details
- Nisus Finance will invest INR 90 crore in Realnet Ventures Private Limited through its Real Estate Special Opportunities Fund-I (RESO-I).
- The investment will support the development of a premium residential tower at Paranjape Schemes' landmark Blue Ridge township in Hinjawadi Phase 1, Pune.
About Blue Ridge Township
Blue Ridge is a 150-acre integrated township located in Hinjawadi Phase 1, Pune. Over the years, it has evolved into one of Pune's most established mixed-use townships, with:
- 33 residential towers delivered to more than 6,000 families.
- Three operational SEZs employing over 35,000 IT professionals.
- Commercial establishments, educational infrastructure, and modern lifestyle amenities.
- A 9-hole golf course, basketball and tennis courts.
Project Details
The upcoming residential development will be constructed on 1.09 acres of conveyed land and comprise 188 premium residences across 3 BHK and 4 BHK configurations.
- Total saleable area of approximately 4.02 lakh sq. ft.
- Estimated Gross Development Value (GDV) of around INR 370 crore.
Comment from Nisus Finance
Association with Paranjape Group having legacy of 35+years and delivery track record of 2+ MN sq. ft. in different micro markets of India.
- Mr. Avadhoot Sarwate, CIO, Nisus Finance Services Co Limited
Comment from Paranjape Schemes
We're thrilled to be partnering with Nisus Finance and their involvement was instrumental in achieving financial closure for this project.
- Shrikant Paranjape, Chairman, Paranjape Schemes (Constructions) Limited
Comment from Nisus Finance
Hinjawadi remains one of Pune's most resilient residential micro-markets, backed by strong employment drivers and sustained housing demand.
- Dr. Amit Goenka, Chairman & Managing Director, Nisus Finance
About Paranjape Schemes (Construction) Limited
Paranjape Schemes (Construction) Ltd. (PSCL), established in 1989 in Pune, is one of India's leading real estate developers with over 35 years of legacy.
- Delivered 200+ residential and commercial projects across nine cities.
- Spanning over 20 million sq. ft. of development and serving more than 75,000 residents.
Paranjape Schemes' Philosophy
Paranjape Schemes reinforces its philosophy of "Building for All," with a continued commitment to inclusive, sustainable, and future-ready communities.
Through initiatives like Athashri (senior living communities), Aastha (assisted living), and Swaniketan, India's first residential ecosystem designed for differently-abled individuals and their families, PSCL aims to make a positive impact on society.