Integrow Asset Management, a leading real estate investment platform, is pleased to announce its collaboration with Paranjape Schemes, a well-established Pune-based developer with a rich track record spanning over three decades and more than 200 successful projects across 9 cities in India. In a significant move, Integrow is set to invest INR 100 Crore in Paranjape Schemes' upcoming project in the Manpada locality of Thane, which houses other developments like Hiranandani Meadows.
Paranjape Schemes has been at the forefront of transforming the real estate landscape with a commitment to quality, innovation, and customer satisfaction. The 30-year-old real estate brand has a strong presence in both the Residential and Commercial sectors and is the pioneer in developing housing projects for senior citizens in the country. With a development potential of 1.5 million square feet in Thane, this project promises to be a notable venture in one of the sought-after residential localities of Thane, delivering views of the scenic Yeoor Hills.
"We are excited to announce our collaboration with Paranjape Schemes, a respected player in the real estate industry. This partnership not only signifies Integrow's commitment to investing in transformative projects but also showcases our confidence in Paranjape Schemes' ability to redefine urban living," expressed Ramashrya Yadav, Founder & CEO of Integrow.
The INR 100 Crore investment from Integrow is structured as a senior secured instrument, reflecting the fund's commitment to prudent and secure investment practices. This infusion of capital will support the Thane project, contributing to the creation of a residential space that mirrors the high standards set by both Integrow and Paranjape Schemes.
"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," said Shashank Paranjape, Managing Director, Paranjape Schemes (Construction) Ltd.
The Thane development is expected 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 spaces that stand the test of time. Investors and stakeholders can anticipate a thoughtful blend of architectural design, sustainable features, and a customer-focused approach.
