Balewadi Stadium, Pune

balewadi stadium, Pune is a famous football stadium in pune and is also known as shree shiv chhatrapati sports complex. the residential area around the stadium is commonly referred to as the balewadi stadium locality.

 the locality is a part of the national games park region set up by the government, which in turn is a part of the mahalunge region of pune. the mula river in the north borders the national games park region; balewadi, balewadi gaon, and laxman nagar in the east. the Mumbai-Pune Expressway (nh-48) forms the eastern boundary of the area.

key highlights

• balewadi stadium hosts national-level football matches and has top-notch facilities for practicing football on a competitive level.
• shiv chhatrapati sports complex wrestling hall, where national players train for wrestling competitions.
• state of the art badminton court for national and international level competitions
• centre court for tennis tournaments
• running stadium for national and international level track and race events
• shiv chhatrapati sports complex running lawns for training and jogging
• mahalunge balewadi tennis complex for national-level tennis events.
• boxing stadium for training the aspiring boxers and hosting boxing events.

whats great?

• top-notch facilities are available for training athletes and sportspersons.
• well connected to nearby areas via frequent bus stops and mumbai-pune expressway.
• cycling track for exercising and training purposes
• availability of an ample parking space in the area.

whats not great? 

• no recreation facility other than sports in the area – no bar, no disco, and no arcades
• very few  basic facilities like banks and dining places in the area

• Watch out for?

• properties in royal serene, pristine equalize saarthi skybays, and other apartments that are close to the stadium and offer a view of the river mula.

• property rising factor

• short term

• several new projects being undertaken in riverview society, saarthi skybay phase 2, equilife homes, water edge society, and paradise are sure to attract a lot of buyers to the area.

• long term

as india is engaging more and more in various international sports, the number of individuals looking for good training facilities increases.  balewadi stadium locality provides several facilities to such athletes, and this sportsperson is willing to pay top dollar for access to them.

other highlights

• social infrastructure

balewadi stadium locality is highly focused on sports infrastructure. as such, there are not many other social infrastructures in the region. the orchid hotel in the region is a 5-star hotel that provides a pool, bar, and terrace dining area.

shopping complex & markets

• pooja super shopee,mahalunge
• durva super market,shitaladevi nagar

• health care centers

• mauli hospital, mahalunge
•  mahalunge hospital

• connectivity & public transport

• the area is well connected by public transport. there are several bus stops on the nh-48 route.

• schools, bank & fitness centers

• pict model school, 54/7b
•  educon international school, mahalunge

• popular landmarks near locality

•  balewadi stadium
• mula river

micro market analysis

• capital and rental trends

• the property market in balewadi stadium, pune, almost totally consists of residential apartments which make about 95% of all the offerings.
• residential houses and commercial shops
•  cover the remaining 5% offerings.
• the residential apartment offerings consisting of 2 bhk apartments are the most prominent, making about 65% of the total apartments on offer in the area. the remaining offerings are covered by 1 bhk, 3 bhk, and 4 bhk flats.5 bhk and above apartments are scarce in the area.
• the average price of residential plots is about inr 5,000 per sqft, which can go as high as inr 7,000 at certain places.
• the average rent for 2 bhk apartments starts at inr 10,000 and can go as high as inr 20,000 depending upon locality.
• the price range of the apartments is lies in between inr 5,500 per sqft and inr 8,000 per sqft, which averages out to be around inr 6,500 per sqft.
• the rent prices for a 2 bhk apartment start at inr 15,000 per month and can go higher depending upon the facilities. as 2 bhk apartments are prominent in the area, most of the properties available for rent are 2 bhk apartments.

• scope of growth

• the government has been steadily updating sports facilities in the area.
• the riverside apartment is rising in demand.
•  due to the above factors, the area has seen a property appreciation of about 2% in the 2019-2020 financial period. it is expected that the trend would continue in the future as well.
  
  
  

• investment opportunities

• investment in flats near the main balewadi stadium, although a bit expensive, is a good investment. the area attracts many competitive athletes who want to live as close to the stadium as possible and are willing to pay quite handsomely for this facility.
• acquiring property near the nh-48 is a good idea for commercial business purposes.
• the demand for river-view apartments has been increasing over the past few years, so it is wise to invest in such apartments.