Purva Park Hill Possession Date

A possession date refers to the expected or agreed-upon date when a property, such as a house, apartment, or commercial space, will be formally handed over to the buyer or occupant by the developer or seller. It is the date on which the new owner or tenant gains legal possession and control of the property, allowing them to move in or begin using the space for their intended purposes.

The Purva Park Hill Possession Date is scheduled for December 2026 and beyond. Purva Park Hill provides an estimated timeline for possession, giving potential buyers and investors a sense of when they can expect to take ownership of their properties. It's important to note that construction and development schedules can be impacted by different aspects, including weather, regulatory approvals, and unforeseen challenges, which can sometimes lead to adjustments in the possession date.

Purva Park Hill Project Highlights

RERA No	PR/220601/004946
Development Type	Apartments
Project Status	Prelaunch
Location	Kanakapura Road, Bangalore
Development Size	15 Acres
Number of Units	246 Apartments
Number of Towers	4 Towers
Number of Floors	B + G + 20 Floors
Unit Variants	2,3,4 BHK

Within the real estate sector, two distinct possession dates are typically encountered:

Pre-Possession Date: The developer permits buyers to evaluate the property, address any pending concerns or faults noted in an inspection, and potentially take possession of the interior fit-out work if necessary. Importantly, this date generally precedes the "actual possession date."
Actual Possession Date: This is the formal date on which the developer legally transfers the property's keys to the buyer, signifying the buyer's complete ownership and control over the property. It signifies the point at which the buyer can move into the property.

The possession date holds significant importance in the process of purchasing a home. It signifies the successful completion of the developer's work and marks the initiation of the buyer's new homeownership journey. Also, for real estate investors, the possession date represents when they can start earning rental income or strategize for future resale. Timely delivery of possession is paramount to investors who incorporate rental income into their financial projections, as any delay can impact their expected returns on investment.