As per Location
The Godrej Palm Retreat residential project is located in sector 150 Noida. It’s a 14-acre development. Sector-150 Noida is the last location of Noida from Delhi. The Godrej Palm Retreat is a joint development of Ace infracity developers & Godrej Properties.
The Godrej Palm Retreat is very far from sector 148 Noida metro station (approx 6-km).
Possession | Construction Update
| Construction Status | Under Construction (The project is divided into several phases, currently phase-1 & phase-2 ongoing) |
| RERA Registration No | Godrej Palm Retreat Phase-1- UPRERAPRJ745601 Godrej Palm Retreat Phase-2- UPRERAPRJ124632 |
| Start/Launch Date | June-2019 |
| Possession Date | Godrej Palm Retreat-1- December-2024 Godrej Palm Retreat-2- December-2025 |
| Construction Stage | Ongoing |
| Promoter Name | Ace Infracity Developers Private Limited |
| Construction Company | Ace Mega Structures Private Limited |
| Architect Name | Mr. Akshay Garg |
| Live Updates | |
| COVID-19 Lockdown Status | COVID-19, an event of ‘Force Majeure’. Completion/Possession extended for 6 months for all projects expiring on or after 25.03.2020 by the Government |
Advantages | Good Factors
The Godrej properties & Ace infracity developers are well known for their quality construction and after possession maintenance. Sector 150 Noida is a low-density FAR area, and low density is good for living. The project is properly connected with Noida Greater Noida Expressway.
Several mega IT-companies campus & commercial projects are just 10-minutes distance from sector 150 Noida such as Advant Navis Business Park, Bhutani Alphathum, Birla Soft, Met-Life, etc.
Prominent institutions and schools are in the closest proximity such as DPS (Delhi Public School), Genesis Global School, Shiv Nadar School, & Footprints Play School & Day Care Creche, etc. JP Hospital is just a 10-minutes away from Godrej Palm Retreat.
The Godrej Palm Retreat is a low-rise residential development. The project layout & design is very impressive. The project is full of openness and all the flats layout design is close to nature. Overall the Godrej Palm Retreat is an ideal location project for living.
Godrej Palm Retreat Price & Developers Delivery Track Record Comparison With Other surrounding Residential Projects
| PROJECT NAME | PRICE (PSF) | POSSESSION RECORD/ REMARKS |
| Godrej Palm Retreat | 8,000 | Under construction, Possession December-2024, It’s a very high price for a primary stage under-construction property |
| Godrej Nest | 8,000-8,500 | Under Construction, It’s a very high price for an under-construction property |
| Godrej Nurture | 8,000-8,500 | Under Construction, It’s a very high price for an under-construction property |
| Godrej Solitare | 9,000 | Under Construction, It’s a very high price for an under-construction property |
| ATS Pristine | 6,000-6,500 | Ready to Move, finest project for living |
| ATS Le Grandiose | 4,500-5,000 | Under Construction |
| ATS Pious Hideaways | 4,500 | Under Construction |
| Samridhi Luxuriya Avenue | 4,000-4,500 | Under Construction, No appreciation |
| ACE Parkway | 4,500-5,000 | Under Construction |
| ACE Golfshire | 5,000 | Ready to Move, No special appreciation for the last 3 years |
| TATA Eureka Park | 4,500-5,000 | Under Construction, No appreciation |
| Prateek Canary | 4,500 | Under Construction |
| Antriksh Golf city | 4,000 | Delay, Under Construction |
| Sethi Venice | 3,500-4,000 | Stuck, Delay, Under construction |
| Destination-150 | 4,000-4,500 | Under construction |
Fact Check | Drawbacks
The sale/boking price of Godrej Palm Retreat flats is already on the very higher side. If we compare the price with other reputed residential projects of sector 150 Noida, then we find that the price of Godrej Palm Retreat is higher approx INR Rs 4,000/- per Sq. Ft.
According to our estimation, the entry booking price should not be more than 4,000-5,000 per sq ft.
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Advice
It is probably not the right choice of investment for those who are looking for ROI in the next year or so. There may not be a real appreciation of value for resale in the next couple of years. Because of a huge unsold residential flats inventory available in several ready to move and under-construction projects of sector 150 Noida.
The construction and possession of this project depend on the sale of flats/space, so the project may be the delay.
Builders Profile | Track Record
 |
|
| PREDECESSOR | Godrej Properties Limited |
| FOUNDED | 1985 |
| FOUNDERS | Adi Godrej |
| KEY PEOPLE | Adi Godrej, Pirojsha Godrej, Mohit Malhotra |
| COMPANY | PROMOTERS | Godrej Properties |
| PRODUCTS | Residential Apartments, Commercial Office, Malls, Hotels |
| AREA SERVED | PAN India |
| PROJECTS COMPLETED (RESIDENTIAL) | BANGLORE- Godrej 17, Godrej Woodsman Estate MANGALORE- Godrej Alpine NAGPUR- Godrej Anandam MUMBAI- Godrej Bayview, Godrej Edenwoods, Godrej Glenelg, Godrej Hill, Godrej Pine, Godrej Riverside, Godrej Sky Garden, Godrej Waldorf, Godrej Planet PUNE- Godrej Horizon, Godrej Infinity, Godrej Sherwood KOLKATA-Godrej Platinum, Godrej Prakriti GURGAON-Godrej Frontier |
| PROJECTS ONGOING (RESIDENTIAL) | MUMBAI- The Trees, Godrej Central, Godrej Emerald, Godrej Exquisite, Godrej Nest GURGAON- Godrej 101, Godrej Air Sector 85, Godrej Aria, Godrej Habitat, Godrej Icon, Godrej Meridien, Godrej Nature Plus PUNE- Godrej 24, Godrej Elements, Godrej Forest Grove, Godrej Hillside, Godrej Greens BANGALORE- Godrej 24, Godrej Air Nxt, Godrej Aqua, Godrej Avenues, Godrej E-City, Godrej Eternity, Godrej Lake Gardens, Godrej Gold County CHENNAI- Godrej Azure NOIDA- Godrej Golf Links, Godrej Nest AHMEDABAD- Godrej Green Glades |
| PROJECT COMPLETED (COMMERCIAL) | MUMBAI- Godrej One, Godrej Coliseum PUNE- Godrej Castlemaine, Godrej Eternia, Godrej Millennium KOLKATA- Godrej Genesis, Godrej Waterside |
| PROJECT ONGOING (COMMERCIAL) | MUMBAI-Godrej BKC CHANDIGARH- Godrej Eternia |
| DELIVERY TRACK RECORD | On-time |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | Quality construction & maintenance |
| RISK | Updating soon |
| DEBT | Updating soon |
| LITIGATION | Updating soon |
| OFFICE ADDRESS | Corporate Office: Unit No. 5C, 5th Floor, Godrej One, Pirojshanagar, Vikhroli East, Mumbai – 400 079. Tel No: +91 22 6169 8500, +91 22 6169 8888 |
| BUILDER CATEGORY | GOLD |
Conclusion
What is happening nowadays, that the reputed builders is not giving any chance to earn for the investors. The entry booking price is already on the very higher side and there is hardly any chance of early growth.
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NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH
