Paranjape Schemes Sets ₹2,000 Crore FY27 Target With 2.5 Million Sq Ft of H2 Launches

Paranjape Schemes Sets ₹2,000 Crore FY27 Target With 2.5 Million Sq Ft of H2 Launches

Paranjape Schemes, the Pune-based developer, has set a revenue target of ₹2,000 crore for FY27 and plans to bring about 2.5 million sq ft of new launches in the second half of the year. The news came on 9 November 2026. For Pune buyers, it points to a fresh batch of homes reaching the market before the financial year ends. The company has not yet named the projects, their locations or their price bands, so buyers should treat this as a plan for now, not a list of homes to book.

Paranjape Schemes (Construction) Limited is an unlisted public company incorporated in Maharashtra in 1987. Company releases from September 2025 say it has delivered over 25 million sq ft and more than 20,000 homes. A March 2026 release puts its footprint at over 200 residential and commercial projects across nine cities, covering more than 20 million sq ft. The two releases give different totals, so these are company figures rather than audited numbers.

Impact on Homebuyers

No prices, offers or payment plans for the second-half launches have been announced yet. Until the company releases a price sheet, any figure you hear is guesswork. Check the RERA registration and the sanctioned plan before you commit to any unit.

The company's March 2026 Pune West pipeline is a separate announcement. It covers about 1,400 homes and more than 1.75 million sq ft across Sinhgad Road, Bhugaon and Hinjewadi Phase 1, with a revenue potential of about ₹1,175 crore. Buyers looking at these corridors can compare the two announcements once project names and prices come out.

The ₹2,000 crore figure is a target, not a result. For the year to March 2024, a third-party aggregator put the company's revenue above ₹1,000 crore, which means the FY27 goal implies a sharp step up. Whether that happens will depend on how quickly the launches sell and get built.

Expert Analysis

The launch push fits a pattern. In September 2025, the company raised ₹150 crore from WSB Real Estate Partners for land acquisition. Its Director, Corporate Finance, Rahul Paranjape, said the deal would help the company unlock strategic land plots with development potential of up to ₹2,500 crore in revenue. That land bank is what the current launch plan will draw on.

Business Development head Amit Paranjape has linked the launch timing to festive-season demand and to the company's focus on quality housing in high-growth areas. Those are company views. Independent analysts, banks and the regulator have not yet commented on the FY27 target. In our view, the real test will be whether the second-half launches keep pace with that target as the year closes.

Pune's housing demand has leaned on IT-sector hiring and infrastructure spending. Hinjewadi, which sits in the middle of that story, has seen steady interest for several years. A developer adding stock in the western corridors is a sign that it sees that demand continuing.

What to Expect Next

• The company's second-half launches of about 2.5 million sq ft are due before the financial year closes in March 2027. Project names and launch dates are still to come.
• The Pune Metro Line 3 (Pink Line) from Hinjewadi to Shivajinagar was inaugurated on 3 November 2026. Passenger services began on 4 November with 17 stations open. The remaining six stations are expected by March 2027.
• Construction on the Hinjewadi–Maan–Marunji roads is targeted to begin by December 2026, after faster land acquisition was ordered.

There is a note of caution too. In August 2026, MahaRERA directed the company to ensure safe drinking water at one of its Pune district projects, after complaints from three housing societies. The authority partly allowed those complaints and warned of a penalty for non-compliance. Buyers should check how a developer handles complaints, not only how fast it launches.

Related Projects & Areas Affected

• Bhugaon and Sinhgad Road: the two corridors named in the March 2026 Pune West pipeline, where the company has announced new towers.
• Hinjewadi Phase 1: an IT-belt location in the same pipeline, close to the new Pink Line metro.
• A Paranjape project in Bhugaon: launched in January 2023, with possession set for January 2028.
• A Paranjape project in Dhayari: launched in September 2020, with possession set for February 2026.
• A Paranjape project in the Hinjewadi area: registered with RERA under number P52100055581.