Over the years, Pune and its surrounding areas have become the prime destinations for residential seekers and investors alike. One such suburban area is Balewadi. The first time anyone else (out of Balewadi) noticed the suburb was during the Commonwealth Youth Games held in 2008, and since then it has witnessed immense growth in its infrastructure. The games played a big role in bringing Balewadi into the limelight. Another reason for its demand is, the suburb has a large piece of land available and during the games, developers took the initiative to launch their upcoming commercial and residential projects in the area. Nevertheless, for those who like following expertise advice, here are some facts as to why Balewadi is a great place to invest in.
The top most fact is definitely its proximity to the IT hubs. Balewadi is adjacent to Baner Road, where the prices are at their peak, is taking full benefit from the IT development that's in the periphery. And, for those who are working in the IT hubs nearby, are looking for residential apartments in the suburb.
Another reason is the road connectivity especially with the Mumbai-Pune Expressway, making Balewadi a prime choice of resident seekers. The other connections are the Katraj-Dehu corridor that passes through Balewadi and the connection to the Mumbai-Bangalore Highway. The suburb also has good connectivity via road to other parts of Pune as well. And, Balewadi is approximately 10 km away from the railway station and 20 km away from the Pune Airport.
The price of the properties in Balewadi is also quite affordable. Today, the prevailing price of the properties in Balewadi is in the range of Rs 4,500-5,500 per sq. ft. While, the neighbouring localities like Baner offer property price over 6,000 per sq. ft. Henceforth, Balewadi is the only affordable and the nearest suburb for people who are looking to invest or buy a property at affordable prices.
The social infrastructure of Balewadi is also no less a proclamation. The suburb is close to both Aundh and Baner making the necessary social infrastructure required for the area, available. On-top many prominent schools, education institution's, banks, retail stores and restaurants have also set-up in and around the suburb, have increased the up-market population. Apart from being a prominent educational institutions hub, the suburb is also home to prominent hotels and to major establishments like the National Institute of Construction Management and Research, Mose College, MITCON, and National Insurance Academy.
And, with new projects launching in and around Balewadi, have made Balewadi a prime property destination. Though there are many commercial and residential projects on-going in Balewadi and are to be completed at different times. One such residential apartments project that has caught the eyes of aspiring residential seekers is the Mantra Kingdom project. The developers are soon bringing 2 BHK residential apartments at a price of Rs 70 lakhs in Balewadi. The estate will offer rich amenities and world-class key features to the residents.
January 03, 2020