

Ackruti City, also known as Hubtown Limited, is one of India’s biggest real estate companies and has a significant presence in seven cities in India. The portfolio of property by Ackruti City includes several office spaces, residential projects, information technology parks and special economic zones. The company has also developed multiple social infrastructure projects in partnership with government authorities.
The company has more than 30 years of experience in the industry and has developed more than 13 million sq ft across Mumbai and Pune. The company has several ongoing projects in Mumbai, Thane, Pune, Gujarat and Bengaluru.
Unique Selling Point
The company’s USPs includes innovation and integrity. Through its projects in luxury and affordable housing segments, the group focuses on building superior quality constructions. The company is known for offering world-class quality and impeccably planned projects. The company is also synonymous with trust and reliability.
Landmark Projects:
Sai Akruti is a landmark project offering 2 and 3 BHK apartments at Bandra East in Mumbai. The project comes with several amenities for residents and lies near multiple hospitals, bank and ATMs branches, schools, bus and train stations. The project is well connected to Jawahar Nagar and the Bandra-Worli Sealink. The Bandra Railway Station is also easily accessible from the project.
Sankul is another landmark project offering 2 and 3 BHK apartments, sized between 1,000 and 1,200 sq ft. The project is located at Sadashiv Peth in Pune and comes with excellent connectivity to places like Karve Nagar, Shivaji Nagar and Deccan Gymkhana. There are several schools, bank branches, shopping centers and hospitals located near the project. The international airport is also well connected to it. The Nasik-Pune Highway and the Old Mumbai-Pune Highway are both accessible from the project.
Type/Category of Projects
The company offers both affordably priced and luxurious properties.
Paranjape Schemes (Construction) Ltd was incorporated in September 1987 and has built a large portfolio of properties in residential, commercial, township, hospitality, institutes, entertainment, senior-living and SEZ segments. With extensive experience of over 30 years, the developer has played a pivotal role in changing the skyline of western Maharashtra with over 170 projects in the luxury and affordable segment. In addition to its presence in Pune, Nashik, Ratnagiri, Chiplun and Kolhapur, the company develops properties in coveted metropolises like Bengaluru in Karnataka and Vadodara in Gujarat.
Paranjape Schemes has been a trusted name among its wide customer base of 11,000 families owing to its comprehensive and reliable property solutions.
Experience and StrengthsParanjape Schemes, under the leadership of its Chairman, Shrikant Purushottam Paranjape, and Managing Director, Shashank Paranjape, has made remarkable progress in building its overall capability. Shrikant is one of the few financial experts in the real estate sector and the President of CREDAI Pune. The builder has worked closely and maintained excellent relations with all its stakeholders, associates as well as customers to provide the right housing solution as per the lifestyle needs of homebuyers. It exhibits integrity, transparency and professionalism in delivering services of an outstanding standard. The Paranjape family has a legacy of over 60 years in real estate business and displays a commitment to carrying forward the company’s mission and values to the next generations for achieving new milestones.
Paranjape Schemes has spearheaded the Aastha and Athashri projects which are India’s largest senior housing community or integrated townships equipped with premium facilities for a comfortable lifestyle. These, along with the over 171 top-of-the-line residential projects by the developer, have sustained its steadily rising success graph. The apartments developed by the builder provides a family with all the essential features including modern amenities, well-planned designs and a sustainable environment. Paranjape Schemes uses a cognitive approach to designing and planning of all its projects with great attention to details. The residential spaces are designed to maximise lighting and have ample greenery all around.
ProjectsParanjape Schemes has completed real estate projects with a total area of 15.6 million sqft along with under-construction and upcoming properties spanning an area of around 20 million sqft. It has a land bank of 24.6 million sqft area.
Paranjape Schemes has recently completed 53 residential projects in total and is working on 13 ongoing projects. The properties range from compact 1BHK apartments of 600 sqft to lavish villas of 4 and 5BHK layouts of 4,000 sqft.