Paranjape R48 The Canopy Bhugaon, Pune
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Video
Paranjape R48 The Canopy Floor Plans and Pricing
3 BHK Apartment - 1309 sq. ft. (Carpet Area)
3 BHK Apartment - 1382 sq. ft. (Carpet Area)
Paranjape R48 The Canopy Price Trends and Market Insights
Price Trends
Paranjape R48 The Canopy's average asking price is stable quarter-on-quarter, compared with Bhugaon.
- Current asking price
- ₹ 10,900/sq.ft.
- Quarter over quarter price change
- -0.9% QoQ
Comparable Projects
Paranjape R48 The Canopy avg. price is ₹ 10.9 K/Sq.Ft. compared to Bhugaon at ₹ 11.4 K/Sq.Ft.
Rentals
Monthly Rent in Bhugaon ranges from ₹ 17.8 K to ₹ 87 K with options available for 1,2,3,4 BHK units
Recent Updates
Get the latest price and market updates for Paranjape R48 The Canopy.
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PMC Floats Tender for Chandni Chowk-Bhugaon Road Upgrade
The Pune Municipal Corporation (PMC) has floated a tender worth Rs 1,640 million for the upgrade of a 2.2-kilometer stretch between Chandni Chowk and Bhugaon. The project includes a flyover, a bridge over the Ram River, and an underpass, aiming to improve connectivity between Pune and surrounding areas, including the Pirangut industrial belt.
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During Q2'2026, average property prices for Paranjape R48 The Canopy moved from ₹ 10,550/sqft to ₹ 11,000/sqft, reflecting a 4.27% rise.
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During Q1'2026, average property prices for Paranjape R48 The Canopy moved from ₹ 9,450/sqft to ₹ 10,550/sqft, reflecting a 11.64% rise.
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Pune Ring Road Project Advances; Western Section by 2026, Eastern by 2028
The Pune Ring Road project is progressing, with the western section targeted for completion by 2026 and the eastern section by 2028. This initiative aims to significantly decongest traffic in Pune and its surrounding areas, enabling faster and smoother travel.
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R48 The Canopy, developed by PARANJAPE SPACES AND SERVICES PVT LTD, officially launched on 10-Mar-2025 and expected to complete by 31-Dec-2029. Registered under RERA No. P52100079518. The project comprises 2 towers and offers 106 residential units, including 2 BHK, 3 BHK, with unit sizes ranging from 883 to 1270 Square feet across a total area of 1.04 Acre.
Master Plan, Photos, Videos & Brochure of Paranjape R48 The Canopy
Explore the master plan, project photos and walkthrough videos of Paranjape R48 The Canopy to understand the overall layout, tower placement, amenities, landscaped spaces and key highlights before making your buying decision.
Master Plan 1
- Paranjape R48 The Canopy is a residential project featuring two main building wings. It offers a functional layout with significant green spaces, including perimeter landscaping and a large central lawn.
- Around 35%-45% of the plot is green, anchored by perimeter landscaping and a large central lawn, so homes look out onto natural surroundings.
- The open area covers 42%-56% of the plot and the paved entrance area and patterned paved area fill the non-green stretches, giving residents clear pathways and organized outdoor spaces.
- Only 25%-35% of the plot has been built on, so homes here get more air and light than in a tightly packed complex.
- Paud Road is nearby, providing residents with direct access to local areas and facilitating daily commutes.
- The northern building, WING - B, sits above the southern building, WING - A, on the site.
- Both WING - A and WING - B align with their longer sides facing roughly east and west.
- A clear space separates the northern and southern buildings, allowing for light and air between them.
- The buildings are set back from the property edge, creating buffer zones on all sides.
- Residents from both the northern and southern buildings can easily walk to the central grass area.
- Access points on the eastern side of both buildings provide quick entry to the surrounding path.
- The main entry point to the property is a short walk from the southern building.
- The paved area on the western side is readily reachable from the southern building's western face.
- The buildings are buffered from the property edge by continuous green planting, reducing external sounds.
- The internal path encircling the buildings helps separate living spaces from direct car activity.
- Homes facing the central grass area likely experience more quiet than those closer to the main entry.
- Spacing between the northern and southern buildings offers a degree of privacy for residents.
- A wide gap between the northern and southern buildings ensures ample natural light for both structures.
- The layout provides open views towards the surrounding green areas from many parts of the buildings.
- The continuous path around the buildings creates an open feeling, preventing a cramped environment.
- The property's design prioritizes openness, with buildings not crowding the site boundaries.
- A continuous path allows cars to move around the entire property, connecting all building access points.
- Residents can walk along the path that circles both the northern and southern buildings.
- The main entry point directs both foot and car traffic into the property's loop.
- The path provides direct access to the buildings from their eastern and western sides.
- The large open grass area at the south offers a safe space for children to play freely.
- The continuous path around the buildings is flat, making it easy for older residents to walk.
- The property's entry point is clearly defined, helping guide visitors and residents safely.
- The surrounding green buffer creates a secure environment away from external disturbances.
- A continuous band of green planting surrounds the entire property boundary, creating a natural edge.
- A significant open grass area is located towards the southern end of the site.
- Greenery extends along the inner edge of the path that encircles the northern and southern buildings.
- These green spaces provide a natural outlook from all sides of the buildings.
- Cars enter the property at the southeastern corner, where a dedicated entry structure is present.
- The single continuous road allows for one-way or two-way car movement around the buildings.
- Parking is available along the edges of the internal road, providing convenient spots for residents.
- The paved area on the western side offers additional space for cars or drop-offs.
- The project offers a calm environment, with buildings well-separated from the property's edge.
- Residents benefit from a clear and simple layout, making navigation within the property straightforward.
- The presence of substantial green areas contributes to a refreshing atmosphere for daily life.
- The design prioritizes ease of movement and connection to outdoor spaces for all residents.
Living at Paranjape R48 The Canopy offers a home life centered on spaciousness and a connection to nature, with ample green areas surrounding the residences. Residents who value a calm environment and easy movement within the property will benefit most, as the layout prioritizes clear access and open views. This project stands out for its generous green coverage and well-organized site plan, providing a comfortable living experience.
Download brochure, master plan & walkthrough video of Paranjape R48 The Canopy to explore floor plans, layout, and complete project details in Bhugaon, Pune.
Amenities & Specifications of Paranjape R48 The Canopy
Sports
- Gymnasium
- Swimming Pool
- Badminton Court(s)
- Tennis Court(s)
- Kids' Play Areas / Sand Pits
- Yoga Areas
- Jogging / Cycle Track
- Table Tennis
- Snooker/Pool/Billiards
Convenience
- Power Backup
- Treated Water Supply
- 24*7 Water Supply
- Lift
Specifications
- Master Bedroom-Walls
- Oil Bound Distemper
- Master Bedroom-Flooring
- Vitrified Tiles
- Other Bedrooms-Flooring
- Vitrified Tiles
- Walls
- Oil Bound Distemper
- Living Area-Flooring
- Vitrified Tiles
- Structure
- RCC Frame Structure
Location and Connectivity Around Paranjape Schemes Bhugaon

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Trust & Verification
RERA Details of Paranjape R48 The Canopy
P52100079518
R48 The Canopy
Rera Url:
- Square Yards RERA Reg. A51800000454
How does Paranjape R48 The Canopy compare with similar projects?
Paranjape Schemes Track Record
Paranjape Schemes is a real estate development company based in Pune, Maharashtra, India. Established in 1987 by Mr Shrikant Paranjape & Shashank Paranjape, the company has developed a diverse portfolio of real estate projects, including residential, commercial, hospitality, and SEZ projects. Paranjape Schemes has completed over 190 projects and built over 30,000 homes in Pune, Mumbai, Kolhapur, Ratnagiri, and Bengaluru. The company is committed to quality construction and customer satisfaction, using innovative technology and sustainable construction practices to create functional and environmentally friendly projects. Paranjape Schemes' mission is to create spaces that are not just homes but lifestyles. In addition to residential and commercial real estate development, Paranjape Schemes also focuses on the development of public facilities such as parks, roads, bridges, ditches, community centres, and sports centres. The company also designs master plans for territories and regulates structured development. Paranjape Schemes has received numerous awards for its real estate projects; at NDTV Property Awards 2015 ceremony held in Bangalore, Paranjape Schemes won an award for its project "Blue Ridge" under the category of "Best Township Project of India" for the year 2015. Paranjape Schemes has introduced innovations and improved administrative efficiency to keep up with technological advances. The company offers various services online, such as housing unit assignments, online housing program applications, land pool policy applications, and more.
Frequently Asked Questions About Paranjape R48 The Canopy
The project is RERA-registered (P52100079518) and possession is planned for December 2029.
Offers spacious 2 BHK units (886 sq ft carpet) and 3 BHK flats (1,229–1,276 sq ft carpet) across various layouts.
Features include a indoor games, landscaped garden, power backup, CCTV, lift, and more.
Situated at a hilltop location in Bhugaon, next to Paud Road near Forest Trails Township and Manas Lake (1.7 km).
This website is only for the purpose of providing information regarding real estate projects in different geographies. Any information which is being provided on this website is not an advertisement or a solicitation. The company has not verified the information and the compliances of the projects. Further, the company has not checked the RERA* registration status of the real estate projects listed herein. The company does not make any representation in regards to the compliances done against these projects. Please note that you should make yourself aware about the RERA* registration status of the listed real estate projects.
*Real Estate (Regulation & Development) Act, 2016.