Prestige Parklane Completion Date

These two terms are often used loosely, and on this project they happen to share a date. The RERA filing gives 31 December 2030 as the proposed completion date, and the payment schedule uses the same date for intimation of possession.

Completion means the building work is finished and cleared, while intimation of possession is the notice telling you the home is ready to take. The final 3.2 per cent instalment and all other charges fall due at that notice, and handover follows once those payments clear.

• Basements: each of the nine towers sits above three basement levels, so excavation and foundations take up the early months.
• Superstructure: the towers rise to 76.55 m across a ground floor & 24 upper floors, with a refuge floor on the 19th.
• Common areas: the 50,000 sq ft clubhouse, the swimming pools and the landscaped central park with its water body.
• Parking: 1,910 bays in total, of which 1,780 are covered in the basements.
• Clearances: the approvals and certificates needed before homes can be handed over.

A completion date printed in a brochure carries no weight, but one filed under the Real Estate (Regulation and Development) Act does. Prestige Parklane is registered as PRM/KA/RERA/1251/309/PR/150926/008941, and that filing fixes the date on a public record.

If possession runs beyond 31 December 2030, the Act requires the developer to pay interest to buyers for every month of delay, and buyers can raise a complaint with the authority. That is the practical difference between a promise and an obligation.

The promoter files a progress update with Karnataka RERA within 15 days of each quarter ending, certified by the project engineer in Form 3 and the architect in Form 2. Those filings are public, so you can follow the build without relying on a sales update.

Search the RERA number on rera.karnataka.gov.in to see the approvals, the declared dates and the quarterly updates in one place.

A four-year build asks for planning in three areas, and the earlier you set them out the easier the wait becomes.

• Housing: if you rent today, the lease needs to run to the end of 2030 or be renewed towards it.
• Money: instalments of 3.2 per cent fall every two months from 10 December 2026 to 10 October 2030, with GST on each.
• Possession charges: other charges of saleable area × ₹415, plus ₹25,000 with GST, all fall due at handover.

On a 567 sq ft 1 BHK those charges come to about ₹2.84 lakh, and on a 1,445 sq ft 3 BHK about ₹6.77 lakh, so the final year needs the largest single cheque after the booking.

No four-year construction programme is risk-free, and the honest position is that delays happen across the industry. What a buyer can reasonably check is whether the things that usually cause them are already settled.

Here, the building plan was approved on 13 August 2026, registration followed on 15 September, and the land is held on its own title with no joint development agreement. Larsen & Toubro is the contractor, and 70 per cent of buyer payments sit in a RERA escrow account that can only fund this project.