Paranjape Schemes’ Athashri marks 25 years milestone

20 Apr 2026 CW Team

Paranjape Schemes Construction has marked 25 years of its senior living platform Athashri, reaching a milestone of 6,000 residents and reflecting the growing adoption of organised senior living in India.

The milestone was celebrated with the handover to the 6,000th resident in Vadodara. Today, Athashri spans nearly 16 communities across multiple cities, supporting over 3,000 seniors through a model centred on independent, community-led living.

The company also announced new partnerships across healthcare, wellness and emergency support, including access to OPD, ICU services, paramedic support and real-time health monitoring systems. Collaborations with wellness and community organisations aim to enhance engagement, fitness and assisted living services.

Commenting on the milestone, Shashank Paranjape, Managing Director, said, “What started as a simple thought… has evolved into a thriving community where seniors can live with dignity, independence and a sense of belonging.”

Amit Paranjape, Director, Business Development, added, “Senior living is entering a new phase of growth… supported by evolving demographics and policy initiatives.”

The development reflects the rising significance of the ‘silver economy’, with increasing demand for structured senior living across Tier 2 and Tier 3 cities.

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