Overview of Balewadi, Pune

Balewadi, situated in the western part of Pune, is quickly becoming a hot spot for real estate with its blend of residential, commercial, and lifestyle offerings. For those in the market to buy or rent, here’s an in-depth look at this exciting locality:

Property Prices

• Average Price per Sqft: The average price for properties in Balewadi is around ₹10,100 per sqft, varying from ₹7,395 to ₹14,363 per sqft.
• Starting Price: Properties start affordable at ₹2,500 per sqft.

Year-over-Year Growth

• Price Appreciation: Property prices have surged by 17% over the past year. Over the last five and ten years, they appreciated by 52.9% and 69.1%, respectively.

Sub-Locality Prices

• Patil Nagar: Prices average ₹10,095 per sqft, ranging from ₹8,291 to ₹13,580 per sqft.
• Patil Wasti: Prices average ₹8,708 per sqft, with a range from ₹6,709 to ₹11,760 per sqft.
• Balewadi Gaon: The average is ₹9,696 per sqft, varying from ₹8,181 to ₹10,540 per sqft.

Property Types and Availability

• Residential Options:
  • Apartments: Found widely; configurations range from 1 BHK to 4 BHK. Prices span from ₹57.1 lakhs to ₹1.47 crore.
  • Independent Houses and Villas: Available, though not as common as apartments.
• Commercial Properties:
  • Office spaces, shops, showrooms, catering to diverse business requirements.

Rental Market

• Average Rent: The average rent for a 2 BHK apartment is about ₹20,800 per month.
• Rent Range:
  • Apartments: ₹5,500 to ₹1 Cr. per month, differing based on size and amenities.
  • Other rental options like PGs, builder floors, co-working spaces, and houses also vary.

Amenities and Infrastructure

• Societies and Projects: Noteworthy communities include Majestique Signature Towers, Kakkad La Vida, Avon Vista, Balewadi Plaza, and Nahar F Residences. These areas provide modern amenities like clubhouses, pools, and security.
• Connectivity: Well-linked to other Pune regions via the Pune-Mumbai Expressway, near IT hubs like Hinjewadi and Baner.
• Lifestyle Amenities: Full of schools, hospitals, shopping malls, and entertainment options, making it self-sufficient.

Market Trends

• Investment Potential: Balewadi's consistent price appreciation and rising demand indicate strong investment potential.
• Buyer and Renter Interest: With growing popularity and infrastructure development, interest in both buying and renting here remains robust.

PropertyWala's Conclusion

Balewadi, Pune, presents a vibrant real estate market where affordability combines with luxury. With a robust infrastructure and diverse property types, it's set to attract buyers and renters alike. Whether you're planning to invest, live, or rent, this area promises lively growth and various property options to meet your needs.