Prestige Raintree Park Possession Date

The official Prestige Raintree Park possession date has been fixed for December 31 December 31, 2028, as per RERA approval of the Karnatak. This date marks the end of the project’s delivery timeline, which began with the township launch in August 2024. On possession day, Prestige Group will hand over the apartments to homebuyers with keys, legal documents, and possession letters, marking the official handover date. The Builder has committed to completing the township within the promised schedule, ensuring timely completion and peace of mind for every buyer.

The Prestige Raintree Park possession schedule is also recorded under RERA. While December 31 December 31, 2028, is the official handover date, the project will be delivered in phases across towers and amenities to make the process smoother.

Prestige Group will hand over units at Prestige Raintree Park once the BBMP issues the Occupancy Certificate (OC) along with the required NOCs. This makes the Prestige Raintree Park RERA possession fully valid and safe for buyers. On possession day, homeowners will receive the keys, property documents, and official access to community amenities. With a proven track record of on-time delivery and uncompromised quality, Prestige Group guarantees that buyers can look forward to a smooth handover process, secure investment, and strong long-term returns.

The Possession refers to the moment when an investor officially gets the ownership of the property from the Builder after all legal and construction formalities are completed, after 4 years of construction. From this time, they will offer OC, NOC, and other legal agreements and finally hand over the keys. The Prestige Raintree Park completion date and delivery timeline are tied to the handover date, which is the key milestone for every buyer.

Prestige Raintree Park Project Key Dates & Timeline

• Pre-Launch Date: August 29, 2024
• Official Launch Date: August 29, 2024
• Completion Timeline: 4 Years from launch
• Possession Date: December 31, 2028

The Prestige Raintree Park possession date, listed in the RERA certificate, confirms December 31 December 31, 2028, as the official Handover. Buyers can plan with confidence as the possession schedule is already approved.

• Builders provide the Possession Letter to the buyer.
• Handover of property documents like the Occupancy Certificate (OC) and the Sale Agreement.
• The buyer should clear every pending payment (registration fees, maintenance, and loan balance).
• The buyer needs to sign the Possession Acknowledgement Form.
• The buyer does a final inspection and notes any issues (snag list).
• Signing of the Maintenance Agreement with the maintenance authority.
• ID and PAN card verification for record and security.

The Prestige Raintree Park handover date is when ownership formally transfers. Buyers will get possession letters, OC/NOC approvals, and all legal agreements, completing the delivery of their new homes.

In rare cases of delay, homebuyers at Prestige Raintree Park are protected under the Real Estate (Regulation and Development) Act, 2016 (RERA). According to KRERA guidelines, Possession is valid only after the Occupancy Certificate (OC) is issued. Buyers who accept Possession before OC approval cannot claim delay compensation. The Prestige Raintree Park possession date and RERA-backed handover process give buyers full protection. If a delay happens, they are entitled to either timely delivery or fair compensation.

Key RERA provisions for delayed Possession include:

• Section 18 Protection: If a builder fails to deliver on time, the buyer may terminate the agreement and receive a full refund with interest.
• Monthly Compensation: Buyers can also choose to continue with the project and claim monthly compensation until Possession is granted.
• Penalties for Builders: Builders must pay 10% interest on the property value in case of delay. Non-compliance may lead to fines of up to 10% of project cost, imprisonment for up to three years, or both.

The buyer can terminate the agreement and seek a refund. The Builder must return the entire amount paid by the consumer with interest. Alternatively, the buyer can get compensation from the Builder's side for each month of delay until Possession is granted under the delayed Possession Compensation RERA.

By following a RERA-approved possession date, Prestige Raintree Park ensures that buyers get both timely delivery and secure ownership. This clear possession schedule builds trust and adds long-term value for homebuyers.

Prestige Raintree Park Project Highlights

The Prestige Group always finishes its projects on time, so buyers need not worry. They never compromise on quality and always put customer priorities first. If buyers invest in the property now, they can expect a good return on their investment at the time of possession. Over time, the land value will increase, and all the units will have a good resale value. By keeping a RERA-approved possession schedule, the Prestige Raintree Park handover date gives buyers peace of mind and lasting investment value.