Realty News
Paranjape Launches Nisus Finance-Backed Premium Tower at Blue Ridge Hinjewadi
Paranjape Schemes has announced a new premium residential tower at its Blue Ridge township in Hinjewadi Phase 1, backed by a ₹90 crore investment from Nisus Finance through its Real Estate Special Opportunities Fund-I (RESO-I). The tower will add to the 150-acre mixed-use township, which already comprises 33 delivered residential towers housing over 6,000 families.
| Developer | Paranjape Schemes (Constructions) Limited |
|---|---|
| Location | Hinjewadi Phase 1, Pune |
| Project Size | 150-acre township with 25 planned residential towers; 1,012 total units |
| Configurations | 2 BHK, 3 BHK, and 4 BHK apartments |
| Price Band | Starting at ₹97.60 lacs |
| Possession Timeline | 2028 |
| Financing | ₹90 crore investment from Nisus Finance through RESO-I fund (announced May 18, 2026) |
| RERA Numbers | P52100000054, P52100000060, P52100027419, P52100016328, P52100021945 |
Project Status and Financing
Paranjape Schemes has announced a strategic investment partnership with Nisus Finance, with Nisus Finance investing ₹90 crore through its Real Estate Special Opportunities Fund-I (RESO-I) towards development of a premium residential tower at Blue Ridge township in Hinjawadi Phase 1. The partnership was instrumental in achieving financial closure for the project, with Nisus Finance's involvement providing the financial certainty needed to move forward. This new tower represents an expansion phase for the established township.
Township Context
Blue Ridge is a 150-acre developed township by Paranjape Schemes in Hinjewadi Phase 1, comprising 33 residential towers already delivered to 6,000+ families, three operational SEZs with 35,000+ IT professionals employed, commercial establishments, a school, social infrastructure and township amenities including a 9-hole golf course, basketball court and tennis court. The new premium tower will add to this established mixed-use ecosystem.
Product and Configuration
The project features 25 high-rise towers housing 1,012 thoughtfully planned apartments, including 2 BHK, 3 BHK and 4 BHK homes. The 25 towers each rise to 30 floors, spread across the 138-acre landscape. Unit sizes vary by configuration, with individual tower specifications detailing carpet areas for each BHK type.
Pricing and Possession
The Paranjape Blue Ridge price starts at ₹97.60 lacs. With a possession timeline of 2028, the township offers a strong combination of lifestyle comfort and future growth. Multiple RERA registrations ensure transparency and buyer protection across different phases and towers.
Location and Infrastructure
The township is strategically located in Hinjewadi, Pune, one of the city's most sought-after areas for IT professionals. Hinjewadi is home to Rajiv Gandhi Infotech Park, which houses top companies like Infosys, Wipro, and TCS. The project is 10 minutes off the Pune-Mumbai Expressway. The Pink Line of the Pune Metro will run from Civil Court to Megapolis in Hinjawadi, spanning 23.3 km with 23 stations, enhancing long-term connectivity.
Amenities
Families can enjoy lush landscaped gardens, jogging and cycling tracks, swimming pools, modern gyms, children's play areas and multipurpose halls for social gatherings. With 24x7 security, gated access and CCTV surveillance, the township ensures safety alongside a vibrant community lifestyle. The project also includes retail and convenience stores within the premises.
Development phases
Frequently asked questions
What is the financing structure for the new Paranjape Blue Ridge tower?
Nisus Finance is investing ₹90 crore through its Real Estate Special Opportunities Fund-I (RESO-I) in Realnet Ventures Private Limited towards the development of a premium residential tower at Blue Ridge township.
What configurations are available in the new tower?
The project offers 2 BHK, 3 BHK and 4 BHK apartments, designed with meticulous attention to space utilization, natural lighting and premium fittings.
When is possession expected?
Possession is scheduled for 2028, subject to project progression and regulatory approvals.
Is the project RERA-registered?
The project holds multiple MAHARERA numbers: P52100000054, P52100000060, P52100027419, P52100016328, P52100021945, ensuring regulatory compliance and buyer protection.
What is the starting price?
The Paranjape Blue Ridge price starts at ₹97.60 lacs, making it an option for upper-middle-segment homebuyers in Hinjewadi.
How established is the Blue Ridge township?
Blue Ridge comprises 33 residential towers already delivered to 6,000+ families, three operational SEZs with 35,000+ IT professionals employed, commercial establishments, school, and township-level modern amenities.