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Flats Under 40 Lakh for sale in Sector 62, Noida
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About Properties in Noida for Sale
About Noida
Part of the NCR region, Noida (New Okhla Industrial Development Authority) is a meticulously planned city that has seen a swift rise in recent decades. Originally planned as an industrial township, it has over 163 sectors that now feature residential, warehousing, & commercial areas.
The city is strategically located, affording easy access to Delhi and Gurgaon. A network of roads, highways, rail lines and metro lines ensure seamless inter and intra city connectivity. A few major routes here are Delhi-Noida Direct Flyway, Yamuna Expressway, & Noida Aqua Line.
The upcoming Jewar Airport, is primed to be one of the biggest airports in India and set to transform the future of Noida. The city is also home to numerous IT parks, manufacturing units, and power companies that offer good job opportunities. The social infrastructure is reputed as well, with the finest education, healthcare, entertainment malls, and numerous green parks scattered across the city.
Another factor that stands out is that the city offers more affordable housing options, when compared to Delhi and Gurgaon. This, along with a good quality of life has led to a rise in residential properties in Noida. Investing in the right projects here could lead to good returns, especially after the completion of the Jewar Airport.
About Noida Real Estate
As per a Knight Frank report, Noida contributed around 14% share in the residential sales of the NCR region in the 2nd half of 2022. This share is set to rise in the future with better government initiatives and the construction of the Jewar International Airport.
Furthermore, the residential demand is high in localities along the Noida-Greater Noida Expressway, as it offers good inter-city connectivity and access to numerous commercial parks. Central Noida is another popular option for good housing. As more IT parks open here, there could be a rise in appreciation in the rental rates here.
Configuration-wise, the demand is high for mid-segment 2 and 3 BHK units. Buyers also tend to prefer ready-to-move-in flats in Noida, with carpet prices that range on average of 5000 to 7,500 per sq.ft.
As per another report by Cushman & Wakefield, Noida saw one of the biggest property price hikes in 2022 amid micro-markets in popular cities. It saw a fabulous price rise of 22%, which includes properties in both the mid-segment and luxury sector. Overall, this shows that the Noida real estate market has immense potential for home buyers today.
Key Feature About Noida
- A well-planned city, Noida features wide roads and lush green parks.
- This city has affordable property prices as compared to Gurgaon & Delhi.
- Sectors 50, 62, 74, 78, 79, 137, & 150 are some of the top residential areas in Noida.
- Stamp Duty charges in Noida is 7% for men, while it is 7% with a concession of ₹10,000/- for women
- Registration charges stand at 1% of property price in Noida
- Access good social infrastructure such as schools, colleges, healthcare, golf courses,malls, and cricket stadiums.
- Noida also enjoys the presence of film city, ad agencies, news & production houses.
- Presence of fine schools and colleges such as DPS School, Amity University, NIMS School of Journalism & Mass Communication.
- Many IT parks, power companies, manufacturing firms, & MNCs have also set base here, providing good job opportunities.
- Sectors 16, 18, 62, 75, & 132 are a few commercial hubs in Noida
- Indira Gandhi International Airport in Delhi is the nearest airport, while the proposed Jewar Airport is set to serve Noida in the future.
- Prices are set to appreciate in Noida, once the construction of Jewar Airport is completed.
- Excellent inter-city connectivity via the Noida-Greater Noida Expressway, Delhi-Noida Direct Flyway, & Yamuna Expressway.
- The Delhi Metro Blue line passes through parts of Noida, while the Noida Aqua Line (Sector 51 to Greater Noida Depot) is operational as well.
- Three more metro routes are proposed for the Noida Aqua Line, and are set to improve the future connectivity to Greater Noida and Ghaziabad
- The proposed Delhi-Mumbai Expressway will not only provide seamless connectivity between the two cities, but also connect the Jewar Airport.
- ATS Group, Amrapali, & Jaypee Group are major developers in Noida
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Frequently Asked Questions
Which are the best areas to buy a home in Noida?
Which are the best areas to buy a home in Noida?
Sectors 50, 62, 74, 78, 79, 137, & 150 are some of the top residential areas in Noida.
Is Noida good for real estate investment?
Is Noida good for real estate investment?
Yes, It is good for investment as properties in Noida have recorded an increasing price appreciation in recent years. The presence of good commute routes, power companies, IT parks, manufacturing firms, and good social infrastructure has increased the investment potential here.
Which are the affordable places to live in Noida?
Which are the affordable places to live in Noida?
Sector 49, 73, 117, 151, & 137 are a few affordable localities in Noida.
Where can I find plots in Noida?
Where can I find plots in Noida?
Plots are quite popular in Noida, and Central Noida (Sectors 1 to 122) features a large number of residential and industrial plots by the Noida development authority.
Where can I buy luxury properties in Noida?
Where can I buy luxury properties in Noida?
Below are a few properties in Noida that offer luxury flats -
Godrej Woods, Sector 43
County 107, Sector 107
ATS Knightbridge, Sector 124
Jaypee Greens Boomerang Residences, Sector 128
Which localities in Noida are good for investment?
Which localities in Noida are good for investment?
Sectors 44, 47, 22, 75, 76, 39, 137, and 150 are a few localities that are considered good for property investment in Noida.
What are some affordable properties in Noida?
What are some affordable properties in Noida?
A few affordable projects with flats for sale in Noida are -
Godrej Nest, Sector 150
Paras Tiera, Sector 137
Gaur City 2 14th Avenue, Noida Extension
Which are the ready to move flats in Noida?
Which are the ready to move flats in Noida?
A few projects that are offering ready to move in flats in Noida are -
ATS Tourmaline, Sector 109
Jaypee Greens Kalypso Court, Sector 128
Eldeco Edge, Sector 119
ATS Pristine, Sector 150
Which properties in Noida offer 2 BHK flats?
Which properties in Noida offer 2 BHK flats?
A few properties that offer good 2 BHK flats in Noida are -
Godrej Palm Retreat, Sector 150
Mahagun Mirabella, Sector 79
Unitech The Residences, Sector 117
Jaypee Greens Knight's Court, Sector Sector 128
Which properties in Noida offer good 3 BHK flats?
Which properties in Noida offer good 3 BHK flats?
A few projects with luxury 3 BHK flats in Noida are -
Godrej Woods, Sector 43
Kalpataru Vista, Sector 128
ATS Le Grandiose, Sector 150
Unitech Exquisite, Sector 117