Review : Investment in iThum, sector 62, Noida, Loss or Profit

Review

CPR Ratings

As per Location
The iThum IT-office space project is situated in sector 62 Noida. The project is just walking distance from NH-24 Highway & sector 62 Noida metro station (Electronics City Metro Station)

iThum is just 5-minutes drive from high-density population areas such as Indirapuram, Vasundhara, Vaishali, Kaushambi, and Sector 62 residential societies. The project is also surrounding with full functional Industrial sectors such as 63, 64, 65, and sector 57 of Noida.

Sector 62 Noida is an IT/BPO company’s destination, already several big IT (Information technology) companies and higher educational institutes are working here such as Nuclear Software, IBM, IMS management college, IMS Law College, JP Management college, Noida Expo Center,  Airtel, and  JIIT, etc.

iThum is very well connected to multiple public transportation facilities and other civic facilities. So can say that the location of the iThum is very prime.

Possession
The iThum IT-Office Space project is in the service since the year 2016.

ithum It park, sector 62 noida

Advantages | Good Factors
iThum is properly visible and walkable. The project is very well connected to the main points of Noida and Delhi & Ghaziabad. The project is just a 15-minutes drive from Domestic Airport (Hindon Airport).

Sector 62 Noida is an IT-BPO companies destination. At present, the requirement of good location IT-office spaces is very high, but the supply is very limited. And that is a very good sign for commercial property investment.

There is no any world-class, commercial office space project available in surrounding areas of iThum such as Indirapuram, Vaishali, Vasundhara, sectors 63, 64, & sector 65 Noida. Which is also a very good sign for investment in Iconic Corenthum.

iThum is very well connected to multiple public transport facilities and other civic facilities. The project has a proper parking space for stakeholders and visiting guests.

Key Point
Please note the iThum is an IT-office space type project, it is not a commercial office space project. The difference between IT-Office space and commercial office space is that “in a commercial office space you can operate your office for the twelve hours only, but in an IT-office space you can operate your office for 24 hours” but there is a limitation in IT-office space type projects, that you can run there only IT (information technology) related business.

Why Invest
Approachable location, metro connectivity, easy public transportation facilities, reasonable price, international standard office space, good civic facilities & and regular rental income.

Drawbacks | Disadvantage
There is traffic congestion due to lack of car parking spaces outside and nearby buildings nowadays.

Products & Developer
iThum is developed by the Grandslam Developer Private Limited. It is IT-office space type project. This project is consists of an IT-office space and retail shops.

Price | Lease Price
iThum office space sale & lease price start at approx:-

UNIT TYPE PRICE (PSF) LEASE PRICE (PSF)
Office Space 6000-7000 35-45

The price is reasonable for investment.

Conclusion
The project is good for IT (information technology) business startups. The investments of iThum, IT-office space may get a minimum of 5% per annum return. 

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

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