Don't you think 3k+ rate for either PS or Balewadi is crazy? apart from the IT Park, what other infrastructure improvements (don't count buildings coz they are actually a burden on infra) have happened in these areas in last 5 years? Plus Wakad, Baner, Aundh, Balwadi, PS all depend on the same IT park for future appreciation and it doesn't sound like a viable idea.
Having said that, if one compares, PS is definitely more livable than Balewadi. Builders have been building in Balewadi for so long and yet no basic necessities - only vast open space and security threat..something's amiss there. Plus you have to hit the highway in your own car and go far for every little thing.
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