Paranjape Group to invest Rs 105 cr in two housing projects

22 Dec 2021 CW Team

Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF-II) will pump in Rs 105 crore in two under-construction mid-income housing projects of Pune based real estate company Paranjape Group.

The investment has a target corpus of Rs 500 crore and a green-shoe option of up to Rs 250 crore. Both these projects are part of Paranjape group's township Blueridge, which is spread over 138 acres. The township has an operating SEZ of about 3 million sq ft, the firm told the media.

Vinit Prabhugaonkar, the Managing Partner at Walton Street India Real Estate Advisors Pvt Limited, told the media that this mid-income residential development aptly fits their fund's investment mandate, and they continue to seek more opportunities in this space across essential metros, beaming with enhanced buyer sentiments led by favourable policies, relatively steady costs and all-time low-interest rates.

Since 2013, and before the launch of WSBREDF-II, Walton Street Capital India and BlackSoil have together placed over Rs 1,500 crore of debt capital across over 50 real estate deals. Recently, BlackSoil and the former India-based management team of US real estate investment advisor Walton Street Capital, LLC (Walton Street Capital) joined forces to procure Walton Street India's real estate debt business.

The India management team is directed by Kaushik Desai, Vinit Prabhugaonkar and Vimal Jangla. As a result of the buyout, WSBREDF-II is no longer affiliated with or advised by affiliates of Walton Street Capital, LLC.

Image Source

Also read: Godrej Properties partners with TDI group to develop housing project

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..