When can you start using the space? That is the question behind every possession search. This page shares what is known about Rustomjee Prabhadevi, what affects handover and how to protect yourself.
The expected possession date for Rustomjee Prabhadevi is yet to be announced. The project is upcoming and RERA registration is under process. The completion date will be fixed and published once the registration is done.
Until then, any date you hear informally is only an estimate. Wait for the date in the registered project details and in your agreement for sale.
Share your details and we will update you as soon as the timeline is published.
Once a project is registered, the promoter must state a completion date and update progress on the MahaRERA portal at regular intervals. If possession is delayed beyond the date in the agreement, the buyer can claim interest as provided by the Act. Details are on the RERA page.
Make sure the date, the possession terms and the interest on delay are written in the agreement for sale.
Possession should come with an occupancy certificate (OC), which confirms the building follows approved plans and is safe to use. Without it, a business may face problems with utility connections, insurance or lender requirements. Ask when the OC is expected and make it part of the agreement.
The team can explain how the stages of construction will be shared with buyers.
Commercial buyers should also think about the time it takes to fit out the space. Interior work, furniture, IT cabling and licences can take several weeks after handover. If you plan to move your team on a certain date, build in this extra time.
If you are buying to rent out the space, check the tenant demand around the area on the location page, and discuss fit-out options with the developer.
The possession date is yet to be announced.
Yes. A completion date is stated when the project is registered with MahaRERA.
Under RERA, a buyer can claim interest for the delay as provided by the Act. Make sure this is covered in your agreement.
This has not been announced. Ask whether the space is a bare shell or finished, and plan time for fit-out.
Use the MahaRERA progress updates once the project is registered and ask the developer for site updates.