Pune, September 1, 2025: Paranjape Schemes, one of the top real estate developers in Pune, has raised INR 150 crore from WSB Real Estate Partners, a top alternative asset management company, and its co-investors to fund strategic land purchases across its flagship township projects.

This capital investment is a deepening of the historical partnership between the two companies. WSB Real Estate Partners, through its co-investment platforms and funds, has invested several times with Paranjape Schemes in the past and continues to reiterate its faith in the developer's execution skills and vision for growth.

The money will be used to bring high-potential land blocks in Blue Ridge in Hinjawadi and Forest Trails in Bhugaon, two of Paranjape's premium township projects, into development as new residential phases. These blocks will now get developed into new housing phases, increasing the infrastructure, size, and lifestyle options of these neighborhoods even further.

With a legacy of more than 35 years, Paranjape Schemes has delivered over 25 million sq ft of built-up area and over 20,000 residential units in Maharashtra. Landmark projects like Blue Ridge, Forest Trails, and the innovative Athashri senior living communities are part of its portfolio.

Rahul Paranjape, Paranjape Schemes' Director, Corporate Finance, stated, "This investment enables us to unlock strategic land plots and accelerate our next phase of growth with development potential of up to INR 2,500 crore in revenue. It aligns with our long-term vision to create vibrant, integrated communities that enhance the lives of our residents.

The alliance demonstrates both companies' dedication to responsible urban development and value creation in the long term for India's real estate market.