Integrow Partners with Paranjape Schemes to invest 100 Cr. in Thane-based Project

Integrow Partners with Paranjape Schemes to invest 100 Cr. in Thane-based Project

Integrow Asset Management, a prominent real estate investment platform, has forged a collaboration with Paranjape Schemes, a well-established Pune-based developer with a rich legacy spanning over three decades and boasting a portfolio of more than 200 successful projects across 9 Indian cities. In a substantial move, Integrow is set to invest INR 100 Crore in Paranjape Schemes’ upcoming project in the Manpada locality of Thane, alongside developments like Hiranandani Meadows.

Paranjape Schemes, known for its commitment to quality, innovation, and customer satisfaction, has been a frontrunner in transforming the real estate landscape. The 30-year-old brand holds a robust presence in both Residential and Commercial sectors and is a pioneer in developing housing projects for senior citizens nationwide. Encompassing a development potential of 1.5 million square feet in Thane, this project aims to be a noteworthy venture in a sought-after residential area, offering scenic views of the Yeoor Hills.

The collaboration with Paranjape Schemes signifies Integrow’s dedication to investing in transformative projects, showcasing confidence in Paranjape Schemes’ ability to redefine urban living, as expressed by Ramashrya Yadav, Founder & CEO of Integrow.

The INR 100 Crore investment from Integrow takes the form of a senior secured instrument, reflecting the fund’s commitment to prudent and secure investment practices. This capital infusion will bolster the Thane project, contributing to the creation of a residential space that mirrors the high standards set by both Integrow and Paranjape Schemes.

Shashank Paranjape, Managing Director of Paranjape Schemes (Construction) Ltd., stated, “Paranjape Schemes is proud to partner with Integrow, an innovative real estate investment platform that shares our values of excellence and customer-centricity. This collaboration underlines our commitment to delivering projects that meet the expectations of our discerning clientele.”

The Thane development is anticipated to be a significant addition to both companies’ portfolios, contributing an estimated INR 1000 Crores in project revenue. This joint endeavor will showcase the prowess of Integrow’s tech-driven approach to real estate investment and Paranjape Schemes’ proven expertise in creating enduring spaces. Investors and stakeholders can expect a thoughtful blend of architectural design, sustainable features, and a customer-focused approach.

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