Property in Balewadi
Balewadi is a north-western suburb of Pune located in the outskirts of the city’s older area. It is famous for housing the Shiv Chhatrapati Sports Complex which has hosted several major sporting events. India’s most famous architectural studio, India House, that functions as an art gallery and seminar house is also located in the area. Other localities situated within close proximity to Balewadi are Village, Nagar, Kaspate Vasti, Pashan- Road, Pimple Nilakh, Sutarwadi, Pimple Saudagar and Dairy.
Balewadi enjoys close proximity to Aundh, Baner and the Mumbai- Expressway. The infrastructure of this locality, especially in terms of roads has improved remarkably after the Commonwealth Youth Games which were held here in 2008. The connecting road from Stadium to Baner has significantly enhanced connectivity.
Airport is located approximately 20 kilometres from Balewadi while the Railway Station is 10 kilometres away. The -Dehu Road Corridor also passes through Balewadi. A number of Mahanagar Parivahan Mahamandal Limited (PMPML) buses ply from the Baner and Balewadi belt to the city. The bridge connecting Pimple Nilakh and Baner has made Balewadi accessible to the areas of Pimpri-Chinchwad. The proposed DP Road that will connect Aundh and Balewadi is currently under construction and will ease congestion on Baner and ITI roads leading to better and easy connectivity between Aundh and Balewadi.
Schools and Hospitals
Balewadi is home to numerous educational institutions and is rapidly developing into an educational hub. Some of the well-known schools and colleges in the area are Seamless Education Academy Pvt Ltd., Mitcon Institute of Management, Bharati Vidyapeeth English Medium School , PMC School, Balewadi and Banyan Tree International School. Several hospitals like Pearly White Dental Clinic, Apex Eye Care Clinic and Life Line Hospital cater to the medical needs of Balewadi residents.
Real Estate in Balewadi
Due to proper planning of the area by authorities, Balewadi has emerged as a preferred residential location in Pune. Proximity to the Mumbai- Expressway is another major reason for increase in the demand of property in Balewadi. Balewadi is also a popular residential option for many IT professionals due to its closeness to the IT Park. Builders like Kool Homes, Builders, Groups and Mittal Brothers have their presence in Balewadi with some of their notable projects like Kool Homes Arena, Smile Housing Kaizen, Builders F Residences and Mont Vert Lumiere. Unit size of apartments in Balewadi range from 921 sq. ft. to 3,282 sq. ft. and average price of an apartment is Rs 5,716 per sq. ft. A total of 31 projects are currently under construction and 9 are due to get possession in 2014. Affordability of residential properties in Balewadi is attracting heavy investment in this area.
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