Apartments Near Balewadi Getting an Increased Preference

Published: 11th June 2012
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All those who bought apartments near Balewadi in Pune a few years back and were ridiculed by those who had homes in so called ‘proper’, ‘central’ Pune, can now have the last laugh for a number of reasons. To begin with, these Pune properties near Balewadi are now considered to be a part of main Pune city. Moreover, such flats can be in Baner, Bavdhan, Aundh, and all these areas offer an excellent connectivity with prime areas of Pune, right from Deccan to Pune Railway Station to Airport. Most importantly, now these properties in Pune fall in the ‘premium category’ as the property prices in these areas have shot up phenomenally. This is extremely interesting to know, considering Baner and Balewadi area was completely off the radar for the builders in Pune. Now, residential properties in Baner/Balewadi cost no less than 4.500 to 6000 Rs. for a sq. ft.

Looking at these figures, it is no rocket science that real estate developers in Pune are looking to milk this opportunity of gaining profit by venturing deeper into real estate. Another aspect which works in favour of properties in and around Balewadi is the fact that the area is well developed, with all the necessary infrastructure nearby, right from medical care to shopping and entertainment to education and crucially, the Hinjewadi IT Park being just a whiff away from Balewadi, making this area even more desirable.

This area also provides a quick access to Pune Bengaluru Highway and Mumbai Expressway. Plus there are a lot of properties getting built near Balewadi, thanks to the ample amount of land tracts available there and greenery around. In addition to that, the resale value of these properties is also enviable, considering the rapid speed at which the rate of properties is increasing in Pune. So investors are obviously drawn towards Pune real estate, considering all these factors.

Identifying the potential this area has in connection with real estate, a lot of renowned developers have been constructing commercial as well as residential projects in Balewadi/Baner belt. Builders in Pune are leaving no stone unturned to cater to the upwardly mobile IT, ITes and manufacturing field professionals. Hence they are coming up with every possible variety of residential property right from a modest 1 BHK to a super luxurious 5 or 6 BHK duplex or penthouses or bungalows in the outskirts of Pune which were earlier dormant. Innovative designs and patterns further are complimented well by world class amenities in the form of swimming pool, clubhouse, lounge areas, jogging tracks, sauna, gymnasiums, amphitheatres and more. International designers are collaborating with builders in Pune to design flats near Balewadi and all over Pune.

B.U. Bhandari Landmarks is one of the renowned builders in Pune which has changed the face of Baner Balewadi area. B.U.Bhandari Landmarks has recently come with a project Alacrity at Baner, or you could say flats near Balewadi. Alacrity offers well designed 2 and 3 BHK flats in Baner with excellent amenities. With a view to invest in upcoming areas and aid in their development, B.U. Bhandari Landmarks also have a project with 3BHK row houses in Wagholi. The location of these row houses is absolutely perfect, with greenery all around and proximity to Nagar Road, Kalyani Nagar and Koregaon Park, the focal points of social infrastructure in Pune. With such innovative and good quality flats near Balewadi and row houses in Wagholi, B. U. Bhandari Landmarks has definitely made a mark for itself in Pune real estate.

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