Flats in Balewadi, Pune | Premium 2 & 3 BHK Apartments
Looking for flats in Balewadi, Pune? Balewadi is one of Pune’s most desirable residential localities, offering premium living with excellent connectivity to Hinjewadi IT Park, Baner, and the Mumbai-Pune Expressway. This page covers everything you need to know about buying or renting flats in Balewadi, Pune.
Why Choose Balewadi for Your Home in Pune?
Prime location: Balewadi is located in northwest Pune, adjacent to Baner and close to Hinjewadi IT Park (8-10 km). It is a well-established locality with excellent infrastructure.
IT hub connectivity: Balewadi’s proximity to Hinjewadi — home to 3 lakh+ IT professionals — makes it a top choice for tech workers seeking a premium residential address.
Balewadi High Street: The Balewadi High Street is a premium retail and lifestyle destination with restaurants, cafes, gyms, and entertainment options — all within walking distance.
Sports infrastructure: Balewadi Sports Complex, a state-of-the-art facility used for national and international events, is located here — enhancing the locality’s premium appeal.
Capital appreciation: Property prices in Balewadi have appreciated 12-18% annually over the last 3 years, driven by limited supply, premium demand, and IT hub proximity.
Flats in Balewadi Pune — Price Range 2026
2 BHK flats in Balewadi: Rs 95 lakhs to Rs 1.5 Crore
3 BHK flats in Balewadi: Rs 1.5 Crore to Rs 3 Crore
Average price per sq ft in Balewadi: Rs 10,000 to Rs 14,000 per sq.ft. carpet area
Rental income (2 BHK Balewadi): Rs 22,000 to Rs 38,000 per month
Rental income (3 BHK Balewadi): Rs 38,000 to Rs 65,000 per month
Nearby Areas and Connectivity from Balewadi
Balewadi is well-connected to all major destinations in Pune: Hinjewadi IT Park (8 km), Baner (3 km), Aundh (4 km), Mumbai-Pune Expressway (5 km), Pune Airport (22 km), and Pune Railway Station (15 km).
The proposed Hinjewadi–Shivajinagar Metro Phase 3 will have a station near Balewadi, which is expected to further boost property values by 15-20% once operational.
Legacy Lifespaces Projects Near Balewadi
Legacy Lifespaces offers premium residential projects in the Baner-Balewadi-Hinjewadi corridor. Explore our Baner Life Spaces project — 2, 3 and 4 BHK apartments in the Baner-Balewadi area with world-class amenities and MahaRERA certification.
Also explore: Best residential projects in Pune | Flats in Rahatani | Flats in Hinjewadi
FAQs — Flats in Balewadi Pune
Is Balewadi a good place to buy a flat in Pune? Yes. Balewadi is among Pune’s most premium residential localities with strong appreciation, excellent infrastructure, and proximity to Hinjewadi IT Park and Baner.
What is the price of flats in Balewadi Pune? 2 BHK flats in Balewadi range from Rs 95 lakhs to Rs 1.5 Crore, and 3 BHK flats from Rs 1.5 Crore to Rs 3 Crore as of 2026.
How far is Balewadi from Hinjewadi IT Park? Balewadi is approximately 8-10 km from Hinjewadi IT Park — about 15 minutes by road.
Explore Nearby Areas
Balewadi connects well to Baner, Wakad and the Hinjewadi IT corridor. Explore our guides for nearby areas:
- Flats in Marunji — 5–7 km away, emerging area with excellent Hinjewadi proximity and competitive pricing
- Flats in Baner — Adjacent to Balewadi, well-established residential hub
- Flats near Hinjewadi — Options across all budgets in the IT hub zone
- Apartments in Wakad — Premium area close to Balewadi and Hinjewadi
- Flats in Punawale — Affordable PCMC area in the western corridor