Paranjape Plans 2.5 Million Sq Ft of Launches as It Targets Lower Debt

Paranjape Schemes plans to launch approximately 2.5 million square feet of real estate in the second half of FY27, while aiming to reduce its gross debt from around ₹1,800 crore to approximately ₹700 crore by December 2027.

The developer also expects revenue of around ₹2,000 crore in FY27, up from approximately ₹1,500 crore in the previous financial year, according to an interview published by ETRealty on 9 November 2026. These figures are company-reported estimates and targets, not confirmed future results.

A larger launch pipeline

Amit Paranjape, the company’s director of business development, told ETRealty that the developer launched approximately one million square feet during the first half of FY27. Its plan for the second half is about two and a half times that amount.

The company also expects to complete and hand over approximately one million square feet during the second half of the financial year. Launches and handovers refer to different stages of development: announcing or bringing a project to market does not mean that construction is complete.

Paranjape said the company had launched fewer projects in the preceding year and was accelerating its pipeline. He also said it was preparing to launch approximately one million square feet of redevelopment in Thane during the third or fourth quarter of FY27.

The interview and the company’s reported targets are available here -> Paranjape Schemes targets ₹2,000 crore revenue in FY27; plans 2.5 million sq ft launches in H2.

Debt reduction depends on future cash flows

The company told ETRealty that it intends to reduce gross debt by approximately ₹1,100 crore by December 2027, using cash flows generated by its projects.

It also expects to spend around ₹300 crore on construction during FY27, with funding from internal project-level cash flows and available bank construction finance limits.

The debt-reduction figure is a target. Whether it is achieved will depend on future business performance and financing conditions. The company-wide number also does not establish the funding position, approval status or completion date of any individual project.

Smaller homes and senior living

Paranjape said demand for one- and two-bedroom homes had increased in some of the company’s markets, while luxury housing had slowed in certain micro-markets. This is the developer’s assessment of its own experience, not a measure of the entire housing market.

At its Forest Trails township in Bhugaon, Pune, the company said it launched and sold around 150 units during the previous quarter. It cited prices of approximately ₹45 lakh for a one-bedroom home and ₹68 lakh to ₹69 lakh for a two-bedroom home in that project. Those figures are project-specific and should not be treated as current quotes for other developments.

The company also said senior living accounts for approximately 10% of its revenue and that it operates 220 assisted-living beds. It discussed plans for senior-living developments in markets including Nashik and Vadodara.

What comes next?

The next milestones are project-specific announcements, regulatory disclosures, construction updates and the company’s progress against its stated financial targets.

For homebuyers, the location, registered phase, completion schedule and written sale terms of a particular development will matter more than the size of the overall launch pipeline.

Vantage previously covered a survey examining why many prospective buyers prefer homes that are ready or closer to completion -> Indian Homebuyers Show Stronger Preference for Ready Homes Over New Launches.

Sources

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• Paranjape Schemes targets ₹2,000 crore revenue in FY27; plans 2.5 million sq ft launches in H2 published on 9 November 2026 in ETRealty.
• Indian Homebuyers Show Stronger Preference for Ready Homes Over New Launches published on 17 September 2026 in Vantage Radar.

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