Is Sector 62 in Noida the best place to invest?

What really makes Sector 62 in Noida a preferred place to invest is the fact that no matter whether you live there or not, your apartment is sure to give a healthy monthly rental income. As per the findings of Magicbricks, Sector 62 in Noida has witnessed a rise in rental values by 2 per cent. The gross yield (it is calculated as the annual return on an investment prior to taxes and expenses divided by the current price of the investment) of the area is 3.01 per cent. The locality has become the most preferred part of Noida in terms of both buying and renting.

Here’s a quick snapshot of the positives which make Sector 62 the best buy in Noida:

• It is one of the well developed and established sectors of Noida with the presence of schools, hospitals, malls, commercial complexes, retail outlets, banks and every other day to day convenience
• Sector 62, Noida offers a mix of residential and commercial property. The sector also has presence of MNC’s and SEZ’s
• Commercial areas of Sector 63 and other important parts of Noida such as Sectors 18, 16, 15, amongst others are located in close vicinity
• Anshul, a resident of the locality says, “Sector-62 is an ideally situated locality of Noida and is close to Expressway and National Highway 24. There are a number of colleges and institute nearby such as JSS, Hierank Business School, Jaipuria Institute of Management, IMS Noida, etc.
• It enjoys proximity with Ghaziabad at 16.2 km, Delhi at 24.6 km via NH24 and Greater Noida at 26 km via Noida Greater Noida Link Road.  
• Some of the renowned organizations situated in proximity are TechMahindra, TCS, Alcatel Lucent, CMC, NSN, CSC, Sapient, Global Logic, among others
• Property owners who have leased their units in the locality are earning healthy rental income every month enjoying healthy capital appreciation

Capital value:  Average capital values in the locality ranges from Rs 3,000-8,000 per sq ft. The average value of a 2BHK in Sector 62 is Rs 20 lakh-Rs 1 crore for a property sized 800-1400 sq ft. For a 3BHK property, the average values range between Rs 25 lakh-Rs 1.5 crore for about 800 sq ft – 2500 sq ft of space.

Rental value: For a 2BHK apartment, you would have to pay a monthly rental between Rs 13,000 to 25,000 with sizes varying from 900 to 1200 sq ft. Similarly, a larger unit i.e. 3BHK is available for Rs 18,000 to 25,000 per month with sizes varying from 1200 to 1900 sq ft.

SOURCE: Magicbricks