A renewed focus on creating entertainment, commercial, and work spaces of the Knowledge Age.
A commitment to continue the Athashri movement and to take it across the country, and indeed, across the world.
Founded by the visionary Mr. V.B. Paranjape in 1930 in Mumbai, the company under the expert guidance of its founder pioneered the concept of finest quality, affordable housing as well as the concept of cooperative housing society more than 8 decades ago!
The company as it is known today was established by the third generation of the Paranjape's. In the 1980s, Pune emerged as a major industrial hub, providing ample opportunities for large scale development and growth. Mr. Shrikant Paranjape and Mr. Shashank Paranjape were quick to realize its vast potential for quality housing and Paranjape Schemes Pvt. Ltd was formed.
Today, Paranjape Schemes (Construction) Ltd are India's leading real estate and property developers offering premium quality residential projects - building world class homes with superior specifications, better amenities and creating contemporary lifestyles. With over 20,000 homes built across western Maharashtra, over 170 top-of-the-line projects completed in the past 20 years, with ownership of millions of sq.ft of FSI as well as a special focus on creating homes and care facilities for the senior citizens through their project Athashri, the company has maintained its stunning success graph.
The company was incorporated on 18th September, 1987 as a private limited company under the Companies Act, 1956.
In May 2005, the company changed status from a private limited to a public limited company.
In 2006 and 2007 the Board of Directors of the company was reconstituted in order to have external and independent directors on the Board.
On 11th May, 2007 HDFC Property Fund has bought 9.87% stake in the company.
HDFC Property Fund has appointed a nominee director on the Board of the company.