Why is Balewadi Good for Investment

The shifting of people into the city of Pune has created a steady housing demand. The city is full of builders offering 2 & 3 BHK flats projects. Pune started its development after establishing the Rajiv Gandhi Infotech Park. Later, many IT and automotive industries spread their arms on the city borders. The last three decades have been very much renovating for this city.

The area known as Balewadi in Pune - is one of the promising residential locations in this city. Balewadi is situated in the north-western part of Pune; being a popular residential hub, it has a well-developed infrastructure and connectivity to several important places.

Connectivity of Balewadi

Balewadi is very well connected to important areas on all of its four sides-

• Towards the west - it is connected to Nande, Mahalunge, and the Ring Road.
• Towards the east - it is connected to Pimple Nilakh, Pimple Saudagar, Pimple Guruv, and Aundh Ravet BRTS Roads.
• Towards the south - it is connected to Baner, Pashan, and Bavdhan, extending towards Satara.
• Towards the north - it is connected to Wakad & Hinjavadi, Ttavade, Thare Gaon, and NH 48.

Therefore, the strategic location of Balewadi has helped it prosper so much. It makes it suitable for people to come and invest their money in this area.

Top 6 Reasons to Invest in Balewadi

Balewadi is also included in the Smart City Project. It would have better transport facilities, more open spaces, a better regional water supply, and a water management program. It would promote walk-to-walk culture and would increase employment in the zone.

Greater Connectivity

• Projects in Balewadi have easier access to connecting with neighbouring parts of the city. It is close to Hinjewadi IT Park and the Mumbai-Pune Expressway. It has extensive road connectivity through Balewadi Road and Baner Road.
• It is not very far from Pune Junction and Pune Airport. It is about 14 km from the station and 20 km from the airport.
• It will also get a metro line 3 (Hinjewadi Phase III - Civil Court), which would pass through it and offer metro connectivity in the region.

Good Availability of Public Transport

Pune Mahanagar Parivahan Mahamandal Limited buses link easily to the essential sites of the city like - Pune Municipal Corporation, Pune Cantonment, Chinchwad, and Alandi.

Better Lifestyle

• The region has a sufficient CBSE and ICSE Board schools. It also has national-level colleges like the National Institute of Construction Management and Research (NICMAR), GS Moze College of Engineering, and MITCON Institute of Management.
• It has various grocery stores and holds one open market every Thursday. Famous malls like Xion Mall and Westend Mall are 4.8 km and 6.4 km away, respectively.
• It also has proximity to quality hospitals like Vitalife Medipoint Hospital, Jupiter Hospital, Surya Mother and Child Care Superspeciality Hospital, and Shaswat Hospital.

Numerous Residential Projects

There are numerous residential projects, including 2 BHK flats in Balewadi for all income groups, from affordable to premium.

Near to Prominent Places

Balewadi is close to Baner, Aundh, and Hinjewadi, which is very much occupied with IT companies like Wipro, IBM, Accenture, Cognizant, TCS, and Mphasis. This creates many job opportunities in this area.

Suitable for Investment

Balewadi has also shown a positive and upward trend in terms of real estate property which means one can secure a good appreciation of the value of their real estate property.

Conclusion

Balewadi is the new upcoming region that would show potential growth in the Real estate sector, IT sector, and Infrastructure Development Sector. It implies it would be beneficial for the investors. It will soon show a rise in rents as it is an upcoming High-Tech City. These are why it has become a centre for investments and a preferred choice for buying flats and residential housing spaces.