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Integrow Asset Management has formed a partnership with the Paranjape Schemes, a Pune-based developer with over three decades of experience and a portfolio of 200 successful projects across 9 Indian cities. The collaboration marks a significant milestone as Integrow has committed a substantial Rs 100 crore investment in Paranjape Schemes' new project in Thane's Manpada area, aligning with renowned developments like Hiranandani Meadows.
Paranjape Schemes, known for their commitment to quality, innovation, and customer happiness, has been an important player in reshaping the real estate landscape. With a reputation for excellence in both residential and commercial projects, they have pioneered the creation of homes for seniors. Their latest venture in Thane, spanning a colossal 1.5 million square feet, promises to be a landmark in the sought-after residential area, providing breathtaking views of the Yeoor Hills.
Ramashrya Yadav, the Founder & CEO of Integrow, expressed his excitement in announcing the collaboration with Paranjape Schemes, a well-regarded player in the real estate industry. The partnership signifies Integrow's commitment to investing in transformative projects and showcases confidence in Paranjape Schemes' ability to redefine urban living.
Integrow's INR 100 crore investment is set up as a senior secured instrument, which reflects the fund's dedication to safe and responsible investing methods. The Thane project will benefit from this capital infusion, which will help build a residential area that meets the high standards set by the Integrow and Paranjape Schemes.
Shashank Paranjape, the Managing Director of Paranjape Schemes (Construction) Ltd., expressed pride in partnering with Integrow, citing the innovative real estate investment platform's alignment with their values of excellence and customer-centricity. He underscored the collaboration's significance, indicating their commitment to delivering projects that surpass the expectations of their discerning clientele.
The Thane project is expected to be a game-changer for both Integrow and Paranjape Schemes, projecting an estimated Rs 1000 crores in project revenue. The collaboration demonstrates Integrow's tech-driven approach and Paranjape Schemes' proven skill in crafting enduring spaces. As this collaboration changes the Thane real estate scenario, investors and stakeholders can expect a smart fusion of outstanding design, sustainable features, and an ongoing dedication to client requirements.
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