Balewadi is one of the rapidly developing locality and is located in the western suburbs of Pune. It is very close to the industrial zones and the IT Hubs of Pune. The area has very good civic amenities and is very well connected to the other parts of the Pune City. It comes under the jurisdiction of Pune Municipal Corporation (PMC). Other prominent localities situated close to it are Wakad, Pimple Nilakh, Pimple Gurav, Pimple Saudagar, Thergaon, Baner, Aundh, Pashan, Khadki etc. The area has the famous Shree Shiv Chhatrapati Sports Complex and hosted the National Games of India in 1994 and Commonwealth Youth Games in 2008. A museum dedicated to Sachin Tendulkar is also planned in Balewadi. It has become a hot area for residential projects, mainly targeting the software professionals working in the nearby Hinjewadi Software Park and other nearby information technology parks/companies. The civic amenities have also improved. The industrial growth and the growth of the IT Sector have also led to the development of retail and hospitality sectors in the area. Some of the key residential projects in Balewadi are Nahar F Residences, Kunal Aspiree, Chintamani Concord Prima Domus, Marvel Cascada, Marvels Brisa, Park Express Phase II among others.
Connectivity
The area has an extensive bus service by PMPML and the Baner Bus Stand and the Shivajinagar Bus Stand lie in close vicinity.
Balewadi has excellent connectivity to Pune International Airport, which is located at a distance of 20 km via Baner Road.
The area is also connected to the Mumbai-Bangalore Highway. It has good accessibility through road network to other locations of Pune. There are a few major roads which run through the area namely The Pune Bypass Road, The Mumbai-Bangalore Highway, The Gopal Hari Deshmukh Marg and the Mumbai-Pune Expressway.
Pimpri Railway Station, Kasarwadi Railway Station, Chinchwad Railway Station, Dapodi Railway Station are its nearby railway station. However, Pune Junction is the major railway station to Balewadi, situated at a driving distance of 16.4 km via NH48.
Factors for past growth
Due to presence of various IT majors and other multinational companies, the city of Pune has been witnessing a rapid growth in inflow of working population from outside the city. As a result, there has been a surge in the demand for residential apartments in Balewadi.
Its proximity to Pune International Airport, Pune Junction along with major IT Hubs such as Hinjewadi IT Park have been a plus point for Balewadi, driving residential demand and consistent rental yield.
Employment hubs near Balewadi
Prabhavee Tech Park – approx 2.8 km
Pune IT Park – approx 9 km
RMZ Westend – approx 5.5 km
Nanospace IT Park – approx 5.2 km
Infra Development (Social & Physical)
Balewadi offers very good social infrastructure to its residents. Some of the reputed schools in Balewadi include Wisdom World School, Indira National School, VIBGYOR High School, Euro School Wakad, SNBP International School and Pawar Public School. It also house some famous colleges nearby. These are PCCOE – Pimpri Chinchwad College of Engineering, Dr. D.Y. Patil Dental College & Hospital, MIT Arts, Commerce, and Science College, Rajarshi Shahu College of Engineering, Indira College of Commerce And Science among others.
Healthcare facilities are also good in the locality. Some of the leading hospitals in Balewadi include Sanjeevani Hospital, Lifepoint Multispeciality Hospital, Apex Hospital, Lotus Multispeciality Hospital, Shree Shakti Hospital and Aditya Birla Memorial Hospital to name a few.
The shopping needs of the residents are catered to by malls in Balewadi such as Suyash Mall, Atria Mall, Centriole Mall, Vision 9 and City Mall. The locality also houses retail outlets of national and international brands such as Amul Retail Outlet, My Jio Store, Chroma, Raymond Retail Shop, Reliance Digital, Planet Fashion etc.