Paranjape Schemes targets ₹2,000 crore revenue in FY27, plans 2.5 million sq ft launches

Pune-based Paranjape Schemes has set a revenue target of ₹2,000 crore for FY27, the financial year running from April 2026 to March 2027. The target was reported on 9 November 2026, alongside a plan to launch about 2.5 million sq ft of projects in the second half of the year.

What the figures do and do not show

The ₹2,000 crore number is a forward target, not a reported result. No FY27 results, quarterly milestones or official company filing on the target were available when this report was prepared. The 2.5 million sq ft is also a plan. The report does not name a city, project, price band or launch date for these launches, and no RERA registration number has been given for them.

The company had earlier announced a Pune West pipeline in March 2026, covering about 1,400 homes across more than 1.75 million sq ft, with an estimated revenue potential of about ₹1,175 crore. The pipeline covers new towers on Sinhgad Road, in Bhugaon and in Hinjewadi Phase 1. No source links that March announcement to the second-half launches, so the two should not be read as the same plan.

The company and its scale

• Legal name: Paranjape Schemes (Construction) Limited, an unlisted public company incorporated in Maharashtra on 18 September 1987. Company releases give the founding year as 1989.
• Scale, September 2025 release: over 25 million sq ft delivered and over 20,000 homes.
• Scale, March 2026 release: more than 200 residential and commercial projects across nine cities, spanning over 20 million sq ft. The two releases give different totals.
• Revenue: a third-party company-data profile reports more than ₹1,000 crore for the year ended 31 March 2024. The figure is unaudited.
• Cities: Pune remains the core market. The company also works in Mumbai, Thane, Bengaluru and Vadodara.

What investors can track

Paranjape Schemes is described as an unlisted public company, so its shares do not trade on an exchange and there is no market price to follow. Investors who rely on public information will have to watch the company's own announcements and the regulatory record.

In September 2025 the company raised ₹150 crore from WSB Real Estate Partners and co-investors for land acquisitions in Pune township projects. Rahul Paranjape, Director, Corporate Finance, said the investment would help the company unlock strategic land plots with development potential of up to ₹2,500 crore in revenue.

On the regulatory side, MahaRERA issued an order on 13 August 2026 on the company's Happiness Hub-Varve project in Pune district. The order, reported on 17 August 2026, directed the company to ensure safe drinking water. It followed complaints from three housing societies. The authority partly allowed the complaints and warned of a penalty for non-compliance.

Pune's infrastructure backdrop

The Pune Metro Line 3, the Pink Line, runs for 23 km from Hinjewadi to Shivajinagar and District Court. Prime Minister Narendra Modi inaugurated it on 3 November 2026, and passenger services began on 4 November with 17 stations open. Six stations are still under construction and are expected to open by March 2027. The Pune district administration has also directed faster land acquisition for six development-plan roads, including the Hinjewadi–Maan–Marunji roads, where construction is targeted to begin by December 2026.

The company says Pune's housing demand is supported by IT-sector growth and infrastructure development. That is the company's own view and not independent market data.

What to watch next

• Location, price and RERA registration details for the second-half launches, once they are published.
• Any update to the ₹2,000 crore FY27 target in company statements.
• Whether the remaining Pink Line stations open by March 2027.
• Outcome of the Happiness Hub-Varve order and any penalty action.

For home buyers, no pricing, offers or payment terms for the second-half launches have been announced. For the market, the sources do not report any independent analysis of the FY27 target or its effect on Pune prices.