Prestige Pallava Gardens Possession Dates
Prestige Pallava Gardens Possession date is in December 2028. The project’s launch is on 29 Dec 2024, which marks the beginning of building work, and it will take 4 years to complete.
The Possession date is the official date when the buyers will receive their flat keys and take ownership of their houses. The builder will grant buyer ownership after the project gets an occupancy certificate.
- Completion Date: Dec 2028
- Possession Date: 31 Dec 2028
- Completion Time: 4 Years
Prestige Pallava Gardens is developing in the serene area of Pallavaram, which is a major IT hub in Chennai. Residing in such a main area is everyone’s dream, which makes this project an ideal choice for investors.
Prestige Group will first get a Completion Certificate. Then, they will apply for an Occupancy Certificate which makes sure that the project is ready to move in. Prestige Group always finishes its projects correctly on time, and so buyers need not worry. They never compromise on quality and hand over the property to buyers on the exact date.
On 23rd June, RERA issued an order stating that If buyers accept possession before the issuance of the occupancy certificate, then they get any compensation if there is a delay in the finish of the project. RERA states that builders are accountable for any delays in possession of the property. If this project gets delayed for any reason, then,
- Buyers can end their agreement and ask for a refund. The builder will return the full amount paid by the buyer with interest.
- Buyers can claim compensation from the builder for every month of delay till possession is granted.
If the builder delays possession, they must pay 10% interest on the value of the property. If the builder fails to give it, they may face a 10% fine of the project cost.
As Prestige Pallava Gardens is an approved project, it will surely be completed on time on the given deadlines. Buyers can take ownership of their flats and can move into their dream houses at the given time. It is the best option to invest in the property now as buyers can get a good appreciation of their property during the possession of the property.
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