Prestige Fernvale Possession Date

Prestige Fernvale Possession Date is scheduled for 31st December, 2029 and will take 4 years to get completed. Currently, the venture is in the pre-launch stage and is awaiting RERA approval. Post approval, it will be officially launched on 25th December, 2025.

What is meant by possession date?

The possession date shows the exact date when the township will be ready for buyers to occupy their homes. This date is updated on the RERA's official website.

Prestige Group ensures timely completion, set on 25th Dec, 2029 and will hand over the units on the set possession date. It offers 2 types of possession dates, which are:

• Pre-Possession Date: The builder allows buyers to check the entire property before the final handover. Buyers can report any unfinished work or problems. The builder will then finish the work or fix these issues.
• Actual Possession Date: Buyers officially become the owners once the builder receives the completion certificate. After this happens, they can move into the home. They may then begin living in the property.

• Launch Date: 25 December 2025.
• Pre-launch Date: 15 November 2025
• Completion Time: 4 Years and Completion Date: 25 December 2029
• ossession Date: 31 December 2029

Prestige Fernvale is a magnificent apartment project located on Sarjapur Road, East Bangalore. It spans across 3 acres and has 80% of open area and features 2 and 3 BHK flats. These flats will be ready for buyers to occupy, and their current development can be checked through photos and videos.

Till possession, the builder offers ample offers and deals to book units at affordable prices. The current pre-launch prices start at Rs. 1.38 Cr onwards. After the flats become ready for occupancy their resale values are expected to rise. These prices are currently set below the trending market prices.

• Builds Trust and Transparency: Sharing the date when buyers will get their homes builds trust. It proves the developer is honest. It shows they are serious about finishing the work on time.
• Helps Buyers Plan Finances: A set date helps buyers plan their home loans and monthly payments (EMIs). They can manage their rent and savings early. It helps them prepare for other costs in advance.
• Reduces Uncertainty and Confusion: Listing the date removes doubt about when the project will finish. It prevents misunderstandings between the buyer and the developer.
• Encourages Timely Project Completion: Making the date public makes the developer follow the schedule. This keeps their reputation good. It also helps them avoid fines or legal arguments.
• Supports Legal and RERA Compliance: Showing the date follows RERA rules. It gives buyers clear legal rights if there is a delay. It also helps if the developer does not keep their promises.

FAQs of Prestige Fernvale

No, the possession date is scheduled for 31st Dec, 2029, and completion date is 6 days before the possession. Its completion is set for 25th Dec 2029.

No, the possession date will not be delayed as the project will be RERA-approved and follow the rules set as per RERA guidelines. Its given date of possession is final.

The builder may have to pay interest or compensation if they are late. Buyers may also receive other help. These solutions are mentioned in the RERA rules.

Buyers need specific papers at this time. These include the possession letter and the sale deed.

Below are the documents needed at the time of possession:

• CC – Completion Certificate: This document proves that the building work is finished. It confirms that the property is safe to enter.
• OC – Occupancy Certificate: This document is required to live in the property legally. It proves the building follows all approved rules.
• RERA: This verification proves that the project has clear legal ownership. It provides full details about the project.
• Possession Letter: The builder provides this letter to the buyer. It confirms the date the building was completed. This is an important document for legal and official records.
• EC – Encumbrance Certificate: This certificate proves the property has a clear title. It shows the property has no unpaid loans and confirms there are no legal disputes or debts.
• Final Payment: Finally, buyers must show proof of the final payment.

Prestige Fernvale Highlights