India, Sept. 8 -- Pune - Paranjape Schemes, a leading real estate developer in Pune, has raised Rs.150 crore from WSB Real Estate Partners, a leading alternative asset management firm, along with its co-investors, to support strategic land acquisitions across key township projects.

This capital infusion marks a deepening of the long-standing partnership between the two firms. WSB Real Estate Partners, through its funds and co-investment platforms, has made multiple investments with Paranjape Schemes over the years underscoring its continued confidence in the developer's execution capabilities and growth vision.

The funds will be utilized to activate high-potential land parcels within Blue Ridge in Hinjawadi and Forest Trails in Bhugaon,...