New Launch
Paranjape Launches The Promenade Residences in Hinjewadi, Premium 3 & 4 BHK Tower at Blue Ridge
Paranjape Schemes (Construction) Ltd. announced the launch The Promenade Residences, the newest residential address within Blue Ridge, its landmark 150-acre integrated township in Hinjewadi Phase 1, Pune, in July 2026. The project offers 3 BHK and 4 BHK residences from ₹1.65 Cr onwards.
| Developer | Paranjape Schemes (Construction) Ltd. |
|---|---|
| Location | Hinjewadi Phase 1, Pune |
| Product Type | 3 & 4 BHK luxury residences |
| Price Band | ₹1.65 Cr onwards (3 BHK and 4 BHK) |
| Tower Height | 32 storeys with three residences per floor |
| RERA Registration | Promenade: P52100055581 (MahaRERA) |
| Launch Date | July 30, 2026 |
| Township Size | 150-acre integrated township |
Project Overview
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.
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, cafes, restaurants and a 9-hole golf course in a self-sustained ecosystem.
Configurations and Pricing
Promenade Residences offers 3 & 4 BHK luxury residences from ₹1.65 Cr onwards, positioned as premium housing within the larger township framework.
Location and Connectivity
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 project is located within walking distance of Infosys, Wipro, and TCS campuses in Hinjewadi Phase 1.
Local Demand and Infrastructure
The rental potential is exceptionally strong due to high demand from IT professionals, students, and business executives working in the area. Phase 1 is the most established, featuring major IT parks, schools, hospitals, and several residential complexes.
The Pune Metro's Hinjewadi–Shivajinagar line has begun opening to passengers, with the first phase covering 12 stations started operations in May 2026, while the remaining sections of the 23-km, 23-station corridor continue to progress toward full completion.
Developer Background
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.
Frequently asked questions
What are the unit configurations available at The Promenade Residences?
The project offers 3 BHK and 4 BHK luxury residences. The tower is designed with only three residences per floor, offering greater privacy and spacious layouts.
What is the starting price for units?
Promenade Residences pricing starts from ₹1.65 Cr onwards.
Is the project RERA registered?
Yes. The project's MahaRERA registration number is P52100055581.
What is the proximity to employment hubs?
The project is located within walking distance of Infosys, Wipro, and TCS campuses in Hinjewadi Phase 1.
What amenities are available within Blue Ridge Township?
Blue Ridge offers residential neighbourhoods, commercial spaces, an award-winning ICSE school, a state-of-the-art sports club, high street shopping, cafes, restaurants and a 9-hole golf course in a self-sustained ecosystem.
What are the key highlights of the residences?
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.