The majority of the population in the village is Hindu.
Economy
The majority of the population has farming as their primary occupation. Around 70% population of Bhalwani is with unique surname "Rohokale".
Bhalawani is located on Nagar-Kalyan National highway, 20 km away from the District place Ahmednagar. Bhalwani Village is located on the bank of Kapri river. There is a MIDC with D+ zone, having around 30 plus medium scale manufacturing companies.