Balewadi, Pune

balewadi is a locality situated in the northwestern part of Pune. the locality is 96% occupied by apartments and 2% by commercial shops. there are a number of it parks around the locality. prominent areas like baner, wakad, hinjewadi, aundh, and pimple nilakh surround the locality. the locality offers primarily 2 and 3 bhk properties that occupy 51% and 38% of the real estate. the locality has several popular and well-constructed projects such as pristine equilife homes, shagun perfect 10, kunal aspire, elite empire, and supreme palms. top realtors in the locality are marvel realtors, kakkad group, kunal group, naiknavare housing, majestique landmark, sanjeevani developers, and shreya realty. the average rate for a multi-story apartment in balewadi is rs 7,508 per square foot. the locality is rated as one of the best in regards to school and market parameters. 

key highlights

• family-friendly locality as it is entirely a residential area.

• well-developed road network.

whats great?

• offers excellent connectivity to the hinjewadi tech park.

• close to mumbai pune expressway and baner road.

whats not great?

• situated on the edge of pune city.

• traffic congestion on the main roads of the locality.

Watch out for?

luxurious 2.5 and 3 bhk multistorey apartments in avon vista, a colossal society of 2 phases. the locality has several recreational facilities, a community hall, a swimming pool, a lounge area, and a grand entrance corridor. 

several other similar projects are coming up in the locality.

property price rising factor

short term

• very close to the market area, which provides daily essentials.

• proximity to nearby localities through rail and roadways.

long term

• upcoming metro line phase 1 of the purple line.

• several new projects which are well planned are coming up.

other highlights

social infrastructure

there are many malls for shopping for groceries and other items, including d mart, westside, reliance mall, xion mall, and westend mall. the locality has several prestigious educational institutions which provide quality education. some hospitals specialize in different sections. the new mumbai-pune highway is located very close and well maintained, providing easy access to the capital city. 

shopping complex & markets

• empire green shopping center

• weekly balewadi market

• madhuban shopping mall

• jay bhavani supermarket

• shrimant raghoba balwadkar market

health care centres

• lifepoint multi-specialty hospital

• ruby hall clinic

• umarji mother and child care hospital

• jupiter hospital

• apple hospital

connectivity & public transport

• balewadi is situated on the edge of the mumbai-pune highway (nh48). hence, it provides easy access to it. other main roads for the residents are baner road and balewadi road.

• many buses run through the locality operated by pune mahanagar parivahan mahamandal limited (pmpml).

• pune junction is located at a distance of about 14 km from balewadi.

• the Pune international Airport is located 20 km away from this locality which is convenient for a long-distance trip.

schools in this area

• orchids, the international school

• vibgyor high school

• mitcon international school

• daffodil international school

• vivero international pre-school and child care.

banks in the area:

• icici bank

• axis bank 

• pmc bank

• indusind bank

• state bank of india

nearby atms for all prominent banks:

• hdfc bank atm

• idbi bank atm

• union bank atm

• axis bank atm

• icici bank atm

fitness centres:

• high fit fitness club

• core fitness club

• ellipse fitness studio

popular landmarks near locality

• mankar chowk

• chhatrapati shivaji maharaj statue

• mahavir statue

micro market analysis

capital and rental trends

• the rates in balewadi start from rs 4,646 per square foot and can go up to rs 16,280 per square foot.

• 27% of the properties for sale in this locality range between rs 60 lakhs to rs 80 lakhs and 22% between rs 80 lakhs to rs 1 crore.

• 34% of properties for rent in balewadi come under the range of rs 20k to rs 25k and 23% in the range of rs 25k to rs 30k.

scope of growth

balewadi is a locality that shows growth continuously since the past year in terms of its social and civic infrastructure, leading to a price rise. there has been a rise in the rates of this locality by 2.4%, which makes the average price rs 7,507 per square foot.

investment opportunities

the area is a developed locality, yet the authorities constant efforts are being made to advance the infrastructure. according to the price trends, there has been a considerable amount of hike in this locality rate and is expected to hike more. hence, it is profitable for the investors to invest in the multi-story apartments in this locality for yielding a good return on investment. 2 and 3 bhk is the most common room configuration.