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Balewadi, nestled in the Western Metropolitan Corridor of Pune, is a vibrant residential suburb celebrated for the esteemed Shree Shiv Chhatrapati Sports Complex. Situated within the Pune district of Maharashtra, this locality embraces a population of 22,720, with 11,710 males and 11,010 females, covering an area of about 3.51 square kilometres.
Positioned adjacent to the Mumbai Highway (NH-48), Balewadi thrives as a well-developed locale nestled in the north-western outskirts of Pune. It is encircled by prominent neighbourhoods such as Baner, Wakad, Hinjewadi, Aundh, and Pimple Nilakh.
Renowned for its role in hosting prestigious sporting events, Balewadi has been the venue for noteworthy occasions like the National Games in 1994, the 2008 Commonwealth Youth Games, and the second edition of the Khelo India Youth Games. Notable landmarks within Balewadi encompass Bifrost, Panhala Fort, Balewadi High Street Area, Nrusimha Saraswati Mandir, and Sadanand Regency.
Investing in Balewadi presents a lucrative opportunity due to several compelling factors. With an average price of Rs. 9,250 per square foot for apartments and a rental yield of around 6.7%, the area showcases a steady appreciation in property values. Additionally, Prathamesh Park, Laxman Nagar, and Aundh Annexe are some of the key surrounding localities of Balewadi, which offer flats in a similar price range, enhancing the appeal for those seeking diverse housing options within a specific budget range.
Furthermore, renowned developers in the area, including Rigved Lifespaces, Kakkad Group ANP Corp, Kunal Group, and Majestique Landmarks contribute to the region's credibility and desirability. These projects reflect a commitment to quality construction and offer various residential choices.
Below is the statistical data to understand the price trends in Balewadi, Pune:
Year | Price/Sq. ft |
---|---|
2019 | Rs. 6,900 |
2020 | Rs. 7,050 |
2021 | Rs. 8,450 |
2022 | Rs. 8,550 |
2023 | Rs. 9,250 |
Disclaimer: All the above mentioned prices are based on the data collected from different sources and do not reflect the actual price. The above-listed price may vary as per the developer, location, and amenities.
Balewadi offers access to renowned educational institutes, healthcare facilities, trendy restaurants, luxury hotels, fun malls, pubs and other recreational spots.
Educational Institutions | Renowned Health Centres | Entertainment Venues |
---|---|---|
PICT Model School | Jupiter Hospital | Manali Resto Bar |
VIBGYOR High School | Surya Mother & Child Care Super Specialty Hospital | The Urban Foundry |
MITCON International School | Vitalife Medipoint Hospital | Little Italy Restaurant |
National Institute of Construction Management and Research (NICMAR) | Shashwat Hospital | Cinépolis - WestEnd Mall |
Rabindranath Tagore School | Sus Hospital | City Pride Royal Cinemas |
Balewadi, a rapidly developing locality in Pune, owes much of its growth to its strategic proximity to key areas in the city. The table below provides an overview of the approximate distance and commute time from Balewadi to some major localities in the vicinity.
Locality | Approx Distance from Belawadi | Commute Time from Belawadi |
---|---|---|
Aundh | 5.5 kilometres | 16 minutes |
Baner | 2.0 kilometres | 6 minutes |
Wakad | 4.9 kilometres | 13 minutes |
Hinjewadi | 6.9 kilometres | 24 minutes |
Pimple Nilakh | 5.1 kilometres | 14 minutes |
The PIN code of Balewadi is 411045. It is situated in Pune, Maharashtra.
Balewadi is widely recognized for its significant sporting events, having hosted the National Games in 1994 and the 2008 Commonwealth Youth Games at the esteemed Shree Shiv Chhatrapati Sports Complex.
Moreover, the town's Balewadi High Street stands out for its array of upscale dining options and cafes, including popular establishments like Starbucks, Tim Hortons, and McDonald's. These venues draw in crowds seeking relaxation and diverse culinary experiences. Notably, Balewadi High Street boasts excellent connectivity to the acclaimed Information Technology Park Hinjewadi, the Mumbai-Pune Expressway, and other major roads in Pune, making it a bustling hub within the city.
Absolutely! Balewadi stands as a highly desirable residential locale, offering a range of affordable housing options like Rigved Uptown, Naiknavare Avon Vista, and Dreamworks Metropark County with exceptional infrastructure, seamless connectivity to other city areas, and an array of top-notch amenities.
Moreover, This locality boasts proximity to renowned healthcare institutions like Jupiter Hospital, and Surya Mother & Child Hospital. Education-wise, esteemed schools such as Rabindranath Tagore School, C M International School, and Vibgyor High School are conveniently close. For shopping enthusiasts, Regent Plaza Mall, Westend Mall, Reliance Mall, and Primrose Mall cater to diverse needs, enhancing Balewadi's overall appeal as a fantastic place to reside.
The future of Balewadi looks promising, with plans to develop the area as part of the broader Smart Cities Mission initiated by the Government of India in 2015. The selected area will be developed as a model to be replicated in other parts of the city.
Additionally, The new and upcoming projects like 27 Grand Residency, Kunal Canary, 43 Private Drive and Kundan Espacio are poised to contribute to the locality's appeal to residents.
1 BHK in Balewadi costs in the range of Rs. 40.4 Lakh to Rs. 55.8 Lakh.
The average size of a 1 BHK in Balewadi is 625 sq ft.
The rent of 1 BHK in Balewadi lies in the range of Rs. 15,000 to Rs. 30,000 per month.
2 BHK in Balewadi costs in the range of Rs. 80 Lakh to Rs. 1.15 Crore.
The average size of a 2 BHK in Balewadi is 1100 sq ft.
The rent of 2 BHK in Balewadi lies in the range of Rs. 24,500 to Rs. 35,500 per month.
3 BHK in Balewadi costs in the range of Rs. 1.19 Crore to Rs. 2.08 Crore.
The average size of a 3 BHK in Balewadi is 1419 sq ft.
The rent of 3 BHK in Balewadi lies in the range of Rs. 30,000 to Rs. 48,000 per month.
4 BHK flats in Balewadi cost in the range of Rs. 2.05 Crore to Rs. 3.25 Crore.
The average size of a 4 BHK in Balewadi is 2700 sq ft.
The rent of 4 BHK in Balewadi lies in the range of Rs. 50,000 to Rs. 2 Lakh per month.
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