Sector 62: A well developed locality in Noida
Noida sector 62 has become one of the favourable for investment in real estate among all the developing sectors in Noida. Sector 62 is primarily enjoys real estate with a mix of residential and commercial property.
Connectivity:
The rapid metro connection makes the locality one of the better region for investment in the national capital region (NCR). Due to the connectivity this is considered central to important shopping malls in sector 18 and 25 and commercial areas in Sector 63 (in the vicinity) and Sectors 16, 16 A. points.
The new Noida to Greater Noida metro line which will connect Noida city Centre to sector 62 will have 22 stations. The areas to be covered under the project are Sectors 32, 51, 83, 101, 143, 147, Pari chowk, Knowledge Park II, Sector Alpha, Delta and Knowledge Park IV. Sector 62 is one of the most self sustainable sectors in Noida and close to Ghaziabad, Delhi, Greater Noida.
Public Transport:
Noida itself does not have much of public transport other than metro. The extension of metro line with Noida and Greater Noida will increase the proximity of the sector.
Social Infrastructure:
The area is well equipped with reputed schools and access to five star hotels, hospitals and local markets. Although Noida will soon witness one of the tallest commercial complex near Sector 18. Already the Great Indian Place and Centrestage mall have been the heartbeat for shopping in Noida. Riviera, a mixed use commercial & hospitality complex on 7 acres of prime land located in Sector 105 Noida.
Real Estate:
Sector 62 always hits the news due to the property available in the range of Rs 60-80 lakh. Although according to the experts there is chance that the property price will rise up in coming time. There is a large number of high-quality commercial, residential and retail projects which are also being developed in and around sector 74 to 79 and Expressway which is help to pull in the investors to invest in the surrounding sectors.
There are many projects in this sector which are new and being developed within five years. Although 70 per cent property in the area are old constructions.
The area is not only good for end-users investing in property but also people looking for rental unit. As this sector is close to Ghaziabad and Delhi, the maximum investors come from people who work in Delhi and stay in Noida.
Due to the commercial estate and IT companies like TCS, CMC, Sapient, IBM, Alcatel Lucent, Tech Mahindra, Global Logic, HCL, CSC, Ericsson and NSN. The proximity of the area to grow has increased. This is one of the reason the locality never sees a dearth of consumers looking for rented property.
Price Trends:
The price trend in sector 62 is quite affordable. The average price the sector enjoys is Rs 80 lakh-1 crore for a 1250-1400 sq ft size property. Also for 2 BHK property, the average values range between Rs 60-80 lakh for about 1200 sq ft of space.
Reader’s Take:
Although the sector is almost filled with old properties, yet there are few very good ready to move in apartments at a reasonable price. Few apartments like MEA Sahkari Awas Samiti Ltd, Mecon Apartments, Tellar Park, Shaurya Apartments have availability for 2 bhks and 3 bhks. The price range of this projects varies between Rs.50 lakh to Rs 90 lakh. Sector 62 is comparatively closer to capital and Ghaziabad, this sector is very good for end users.
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