Investment in Palolem Hills Project

Q: Hi can you please share the details about Palolem Hills Project in Goa? Is it worth investing?

Franklin, Goa

19th July 2013

Investment Advice in Palolem Hills, Palolem, Goa

buying property

investment advice

real estate in goa

project reviews

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Replies (7)

I have used the services of Axiom Estates to purchase my dream home. The entire procedure was flawless and I did not face any trouble.

Debarghya Das,

7th October 2016

Comment

Hi ,

I placed a deposit on an apartment almost 2 years ago now and decided last year not to proceed due to the delays . I have written to Axion and Eclectic so many times that I have lost count but never receive a reply to my e-mails . I have also spoken to representatives of Axiom and Eclectic and earlier this year delivered hard copy of an e-mail requesting refund of deposit at the Axiom Offices in Goa . After my last telephone conversation with the Axiom Rep in Calcutta was assured that refund would be made during August 2015 . If this is not forthcoming I should be happy to consider joining in Civil Case being taken by Mr Gupta to recover monies .
Radha (UK)

Radha Patterson,

15th June 2015

Comment

Hello Radha, I can understand your concern. I would like to suggest you to have a thorough discussion with your builder. Also, you can consult a reputed lawyer to know about the legal aspects of the order and further process and also try to analyse what is mentioned in your property agreement, it will be helpful while in further step. Thanks.

Mark, Goa

25th June 2015

i MADE THE MISTAKE OF TAKING TWO APARTMENTS (ONE TWO BEDROOM AND ONE STUDIO) IN PALOLEM HILLS. THE CONSTRUCTION HAS STOPPED ON THE PROJECT FOR THE LAST 16 MONTHS. THE BUILDER IS REFUSING TO EVEN ACKNOWLEDGE ANY PROBLEM. I AM FILING A CASE OF CHEATING AND CIVIL CASE.

ATUL GUPTA
+919810203313

ATUL GUPTA, Delhi

15th April 2015

Comment

Hello Franklin, you can follow this link for your requirements Palolem Hills, Goa

Leena, Goa

23rd July 2013

Comment

Palome Hills is a good project offering sea side apartments in Palome beach in South Goa. Assured rentals are indeed a new concept but that means an surety from the owner for an annual period. It’s a very good option for investors but if you are looking at this property as a holiday home, assured rentals terms and conditions can be a spoil sport. I have asked some locals about the project and they are quite skeptical although a number of people have been investing in the project. The reviews are mixed and there is no clear picture. Purely as an investment vehicle, its slightly overpriced but that’s the price you pay for assured renatl option. South Goa is largely crowded and overall I would give this one a miss and wait for a better and more economical deal even without any assured rentals.

James Desouza, Goa

23rd July 2013

Comment

Thank you James for the details :)

Franklin, Goa

23rd July 2013

ATUL GUPTA, Delhi

15th April 2015

Palome Hills is backed by Eclectic Developers, a wholly owned subsidiary of Urban Infra Nirman Pvt Ltd. The project has been one of the most widely publicized projects in recent times. The best value addition compared to most other new developments in an assured rental of nearly 8% offered by the builder. Located at a distance of nearly 600 meters from the beach Palome Hills can be an attractive holiday home of sorts.

James Desouza, Goa

23rd July 2013

Comment

The biggest plus point for me personally is the location close to Margoa and Panjim which can mean higher rental options. The project has so far received a mixed response as skeptics feel it is a little too over priced and assured rentals is a relatively new concept in the Indian markets. I suggest a wait and watch approach.

Leena, Goa

23rd July 2013

What about rentals in Palome hills ?

Mark, Goa

23rd July 2013

Hello Franklin, Are you planning to buy ? What is your budget ?

Leena, Goa

23rd July 2013

Comment

Hi Leena, I am planning to buy. What about 2bhk ? What are the amenities they are offering ?

Franklin, Goa

23rd July 2013

For 2bhk Apartments around Sq.Ft. 1158-1295. This project has various amenities like Garden, Swimming Pool, Play Area, 24Hr Backup, Club House, Rain Water Harvesting, Library, Gymnasium etc.

Leena, Goa

23rd July 2013