Located in Hinjewadi Phase 1, the project brings together contemporary design, expansive residences and the convenience of integrated township living.
Mumbai,
30th July 2026: Paranjape Schemes (Construction) Ltd.,
a legacy developer known for pioneering new-age residential formats, today
announced the launch The Promenade Residences, the newest residential
address within Blue Ridge, its landmark 150-acre integrated township
in Hinjewadi Phase 1, Pune. Blue Ridge has evolved into one of Pune's most
established integrated communities, bringing together residential
neighbourhoods, commercial spaces, an award-winning ICSE school, a
state-of-the-art sports club, high street shopping, cafés, restaurants and a
9-hole golf course in a self-sustained ecosystem. Inspired by a vision to
shape a lifestyle rather than merely build homes, The Promenade Residences
carries forward Blue Ridge's philosophy of creating thoughtfully planned
communities where sustainability, nature and a strong sense of belonging come
together for generations.
Rising
32 storeys the Promenade Residences has been designed with only three
residences on every floor, offering greater privacy, spacious layouts and
uninterrupted views. Every residence features an uninterrupted view of the Mula
River on one side and panoramic views of the Blue Ridge township and Pune
skyline on the other. The residences maximise natural light and ventilation
while creating an elevated sense of space. Strategically located in Hinjewadi
Phase 1, the development offers seamless access to Pune's leading IT and
business hubs while placing residents within an established township that integrates
homes, workspaces, education, recreation and everyday conveniences.
Amit
Paranjape, Director – Business Development, Paranjape Schemes (Construction)
Ltd., said, "Today's homebuyers are looking
for destinations that offer not just premium homes, but an elevated lifestyle
supported by strong infrastructure, connectivity and long-term value. Over the
last two decades, Hinjewadi Phase 1 has evolved significantly from being a
market driven by smaller ticket-size homes to one that is increasingly attracting
discerning homebuyers seeking premium living. Post-pandemic, the neighbourhood
has matured into a well-established residential destination with world-class
social infrastructure, leading schools, healthcare facilities and a vibrant
community. Improved regional connectivity, including the Missing Link that has
reduced travel time to Mumbai to nearly 2.5 hours. The location today also
commands one of the highest residential rental values per sq. ft. in Pune,
reflecting its growing desirability and value appreciation. The Promenade
Residences has been thoughtfully conceived to build on this transformation by
offering premium riverfront residences within the established Blue Ridge
Township, setting a new benchmark for premium integrated township living in Hinjewadi."
Residents
will enjoy access to Blue Ridge's extensive lifestyle ecosystem featuring a 9-hole
golf course, swimming pool, fitness and dance studios, business hub, retail
avenue, work pods, community pavilion, indoor and outdoor play areas, art studio,
celebration hall, meeting lounges, nature deck, crèche, recreation lounge and
landscaped open spaces.
Designed
with a focus on space, privacy and functionality, The Promenade Residences
combines contemporary architecture with premium specifications and a
comprehensive lifestyle ecosystem. The residences feature open layouts,
expansive living and dining spaces, walk-in wardrobes, exclusive guest entry
and private decks overlooking the Mula River, creating homes that are both
functional and refined. Every aspect of the development from its spacious
residences and exclusive floor planning to its integrated amenities and
strategic location has been envisioned to offer residents a future-ready
address within one of Pune's most celebrated townships. With the launch of The
Promenade Residences, Paranjape Schemes further strengthens the Blue Ridge
legacy while reaffirming its commitment to creating thoughtfully planned
communities that seamlessly integrate homes, workplaces, recreation and social
infrastructure for generations to come.
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. The
company has delivered 200+ residential and commercial projects across nine
cities including Pune, Mumbai, Bengaluru, and Vadodara, spanning over 20
million sq. ft. of development and serving more than 75,000 residents. Over the
decades, PSCL has built a strong reputation for timely delivery, quality
construction, and enduring customer relationships.
PSCL
is widely recognised for pioneering large-scale integrated townships such as
Blue Ridge and Forest Trails—master-planned environments that seamlessly
integrate housing, social infrastructure, open spaces, recreational amenities,
retail, and community facilities. These developments are designed as
self-sustained ecosystems that foster connectivity, convenience, and community
living.
Beyond
mainstream residential and commercial real estate, the company has led the way
in purpose-driven living formats, including Athashri (senior living
communities), Aastha (assisted living), and Swaniketan, India’s first
residential ecosystem designed for differently-abled individuals and their
families. Through these initiatives, PSCL reinforces its philosophy of “Building
for All,” with a continued commitment to inclusive, sustainable, and
future-ready communities under the leadership of Shashank Paranjape and the
second generation of the organisation.
Website: https://www.pscl.in/