In the 2000s, the area has become increasingly upmarket, due to the construction of various luxury apartment developments in and around it (as are those in the Pipera-Tunari area). It is also home to many villas constructed before the 1930s that were refurbished in the 1990s and 2000s.
Băneasa is linked by RATB bus lines to the Bucharest city center. There is currently a proposal to construct an extension of the Bucharest Metro to serve this district and its increasing population.
The name of the village (and later of the Bucharest commune and neighborhood Băneasa) comes from the wife (băneasa) of Ban Mareș from the 17th century. The ban bought pieces of the Cârstienești estate (as the village was called then), and after his death the property was enlarged by to the widow.
