Over the last two decades, Pune has emerged as a dynamic city, propelled by its status as a major IT and technology hub. The presence of numerous multinational IT companies, software firms, and startups has not only generated a plethora of job opportunities but also attracted a skilled workforce from all corners of the nation.

With an ever-increasing number of people seeking to settle in the city, the demand for homes in Pune has soared. One locality that has caught the attention of homebuyers is the vibrant and sought-after neighborhood of Balewadi.

In this article, we will closely examine what makes Balewadi an appealing destination for prospective homebuyers in Pune. From its strategic location to robust infrastructure and abundant amenities, Balewadi has secured its place as a top choice for those looking to invest in their dream homes. Let's delve into the five key reasons why Balewadi stands out as a prime residential destination in Pune.

Locality Snapshot

• Area Size: 3.51 square km
• Pin code of Balewadi: 411045
• Population: (Male) 11710
• (Female) 11010
• Police Station of Balewadi: Baner Balewadi Police Chowki
• Nearest Airport: Pune Airport (12.3km)
• Nearest Railway Station: Pimpri Railway Station (9.4km)

Nearby Locality Around Balewadi

• Baner - 2kms
• Hinjewadi IT Park - 14 kms
• Anudh - 5.5 kms
• Pimple Saudagar - 8kms

Reason 1: Balewadi Offers Excellent Connectivity in Pune

One of the number one reason to consider buying homes in Balewadi is due to its excellent connectivity. The locality is strategically located and is well-connected to key parts of Pune, facilitating convenient and hassle-free travel.

Let us see in detail about transportation and connectivity in Balewadi, Pune

Road Connectivity

The Mumbai-Pune Expressway, one of India's most vital highways, is a short drive away from Balewadi. This six-lane expressway connects Pune with Mumbai, providing seamless connectivity to the financial capital of India.

Metro Connectivity via Hinjewadi-Shivajinagar Metro Line

Balewadi benefits from the Hinjewadi-Shivajinagar Metro Line, which significantly improves its intra-city connectivity. The metro line, an extension of the Pune Metro project, connects the IT hub of Hinjewadi to the heart of Pune, Shivajinagar. This has been a game-changer for commuters, offering a swift and efficient mode of transportation.

Pune Railway Station Connectivity to Balewadi

The Pune Railway Station, a major railhead, is easily accessible from Balewadi. It serves as a crucial junction connecting Pune to various cities across the country. Residents of Balewadi can conveniently access the railway station for their intercity travel needs.

PMPML Bus Services

Balewadi is well-served by the Pune Mahanagar Parivahan Mahamandal Limited (PMPML) bus services. An extensive network of buses connects the locality to different parts of Pune, providing an affordable and accessible mode of public transportation for daily commuters.

One of the key advantages of Balewadi's connectivity is its proximity to the renowned Hinjewadi IT Park. Many major IT companies and corporate offices are located in Hinjewadi, attracting a considerable workforce to the area. As a result, professionals prefer living in Balewadi due to its easy access to their workplaces.

Reason 2: A well-developed social infrastructure

Balewadi, Pune, offers a comprehensive social infrastructure that caters to the diverse needs of its residents. The locality boasts top-notch educational institutions like VIBGYOR High School, The Orchid School, and Bharati Vidyapeeth Deemed University, providing quality education from preschool to higher secondary levels.

For higher education, Symbiosis International University stands out with specialized courses. When it comes to healthcare, residents can rely on Saishree Hospital, Lifepoint Multispeciality Hospital, and Aditya Birla Memorial Hospital for advanced medical services.

For recreation and entertainment, Balewadi offers the Shree Shiv Chhatrapati Sports Complex for sports enthusiasts, while the Balewadi High Street and Xion Mall provide shopping and leisure options.

This well-rounded social infrastructure has contributed significantly to making Balewadi a sought-after destination for home buyers and investors seeking a fulfilling and enriching lifestyle in Pune.

Reason 3: Strong Price Appreciation and Inventory of Apartments In Balewadi

Two of the most prominent sub-localities in Balewadi are Balewadi Gaon and Patil Nagar. 1 BHK and 2 BHK flats in Balewadi Gaon and Patil Nagar have seen strong price movements. The most searched projects in the region are. The Average price per carpet area of Balewadi is Rs 12,700 sq ft. In the past five years, the average price per sq ft has seen a 20% rise so far. In addition to Balewadi, buyers can also consider Laxman Nagar, Balewadi Phata, Pimple Nilakh, and Baner for their home purchase needs.

At present, there are 42 listed properties, out of which 29 properties are of 2 BHK configurations, 26 are of 3 BHK and 6 are 1 BHK flats in Balewadi.

The Average Price of 2 BHK Flats in Balewadi is Rs 80.25 L, while the average price of 3 BHK flats in Balewadi Pune is Rs 1.48 crore.

Reason 4: Projects by Prominent Real Estate Developers

Balewadi, Pune, has emerged as a sought-after residential destination, attracting prominent developers who have undertaken various residential projects in the area. These projects cater to the diverse needs and preferences of homebuyers, offering modern amenities, thoughtful designs, and excellent connectivity.

Some of the Popular Projects are Avon Vista by NaikNavare Developers, F Residences by Nahar Group, Prima Angulus by Truspace, and ANP Universe by ANP Group and many more. These are just a few examples of residential projects in Balewadi by prominent developers. The area continues to witness the development of new and innovative projects, making it an attractive destination for homebuyers seeking quality living spaces and a prime investment opportunity in Pune.

Reason 5 : Major Employment Hubs in Balewadi

Balewadi and its adjoining areas are home to some of the major IT companies. This has resulted into the demand for homes in Balewadi by a large number of IT professionals.

Hinjewadi IT Park: This is one of the largest IT Parks in India making Hinjewadi near Balewadi a major employment hub for numerous multinational IT companies, software firms and technology startups. Hinjewadi IT Park is 14 Km. The upcoming Metro connectivity is going to make the region more easily accessible for professionals working in the IT sector. Presently there are 165 IT firms in the Hinjewadi IT park, some of the prominent companies are Accenture, Calsoft, Cognizant, IBM etc

Baner: Baner is another significant employment hub in close proximity to Balewadi.Baner's well-developed infrastructure, including good road networks, public transport, and amenities, further supports the growth of the IT sector. Some of the prominent IT companies in Baner are Persistent Systems, ZS Associates, Quick Heal Technologies, Cognizant etc.

Pimpri-Chinchwad: Pimpri-Chinchwad is a major industrial hub in the Pune metropolitan region, hosting a variety of manufacturing and industrial companies. It is not too far from Balewadi, making it accessible for individuals employed in these industries.

Balewadi's proximity to these major employment hubs has contributed to the area's popularity among professionals looking for convenient housing options.

Reason 6 : Upcoming Infrastructural Development to boost Balewadi further

The coming up of various infrastructural development is seen boosting the prices of flats in Balewadi further. Some of the infrastructural developments the locality is expected to see soon are

• Balewadi's very own metro station on Pune Metro Line 3 will connect the locality of Megapolis Circle and Civil Court making commute more seamless
• The proposed multinodal transit hub under the Smart City project will open doors for companies to set up their workplaces in the region
• Water problems in the area will soon get a much-needed improvement as the civic body plans to lay more water pipelines
• Wakad is expected to open its new mall- Phoenix Mall, which will house many local and international brands. The soon-to-open mall is just 4 kms from Balewadi.

In conclusion, Balewadi, Pune is a prime residential destination due to its dynamic growth, excellent connectivity, and well-developed social infrastructure. The presence of prominent educational institutions, top-notch healthcare facilities, and vibrant entertainment zones add to the area's appeal for prospective homebuyers. Additionally, the strong price appreciation and inventory of apartments in Balewadi make it an attractive investment option. The involvement of reputed real estate developers and the ongoing development of innovative projects further solidify Balewadi's position as a top choice for those seeking a fulfilling and enriching lifestyle in Pune.

FAQs

What is the population of Balewadi Pune?

Balewadi in Pune has a population of 22720, of which 11710 are males and 11010 are females.

Is Balewadi in PMC or PCMC?

Balewadi falls under the Pune Municipal Corporation (PMC) limits

What is the average price per sqft in Balewadi?

As per the latest data, the Average price per sqft of Balewadi is Rs 12,700 per sqft