Completion Date Timeline of Hiranandani Fortune City Panvel
Knowing the completion date of your future home is just as important as knowing its price. At Hiranandani Fortune City Panvel, the township has been developed in phases, and each tower has its own RERA-declared completion date.
Some towers are already completed and occupied, while others are under construction with possession dates a few years away. This page gives you a clear picture of the completion timeline for different sectors and towers.
Township-Wide Completion Status
Hiranandani Fortune City is one of the most delivered townships in the Panvel region. Here is a quick overview of the overall completion status.
| Total Towers Launched | 19+ |
| Towers with OC Received | 14 |
| Homes Delivered | 2,200+ |
| Possession Offered | 1,600+ |
| Towers Under Construction | 5+ |
This data shows that a large portion of the township is already complete and inhabited. The remaining towers are in various stages of construction.
Completed Towers (OC Received)
Occupancy Certificate (OC) is the final approval from the local authority confirming that a building is fit for occupation. Towers with OC are ready to move in and are exempt from GST.
The following towers at Hiranandani Fortune City have received their OC:
| Tower Name | Configuration | Status |
|---|---|---|
| Artemis | 3 BHK | OC Received |
| Flora | 3 BHK | OC Received |
| Hera | Studio & 1 BHK | OC Received |
| Orion | 2 BHK | OC Received |
| Selene | 3 BHK | OC Received |
| Venus | 2 BHK | OC Received |
| Vesta | 2 BHK | OC Received |
| Zeus | 2 BHK | OC Received |
Additionally, earlier towers like Minerva, Clio, Mellona, Hermes, Atlas, and Aura are also completed and occupied, with possession dates around 2020.
Towers with Possession Around 2022
The second phase of towers had possession timelines around 2022. These towers are also now completed and occupied.
| Tower Name | Possession Date | Status |
|---|---|---|
| Artemis | April 2022 | Completed |
| Flora | March 2022 | Completed |
| Hera | April 2022 | Completed |
| Orion | April 2022 | Completed |
| Selene | March 2022 | Completed |
| Venus | April 2022 | Completed |
| Vesta | April 2022 | Completed |
| Zeus | April 2022 | Completed |
Upcoming Completion Dates
The newer towers and sectors have completion dates set a few years ahead. Here are the RERA-declared completion dates for these phases.
| Sector | Towers | Completion Date |
|---|---|---|
| Golden Willows (Phase 1) | Iris, Orchid, Acacia | December 2028 |
| Golden Willows (Phase 2) | Lavender, Marigold, Mayflower | December 2028 |
| Golden Willows (Phase 3) | Aster, Zenia | December 2031 |
| Golden Willows (Newest) | Jasmine | December 2031 |
| The Arena | Citadel, Greenfield, Arcadia, Atheletica, Grandstand, Pavilion | December 2031 |
For example, the Aster tower has a proposed completion date of December 31, 2031 according to its RERA registration. The Jasmine tower also has a proposed completion date of December 31, 2031.
What Happens If Possession Is Delayed?
Under RERA, the developer is legally bound to deliver possession by the declared completion date. If there is a delay, buyers have specific protections:
- Interest for Delay: The developer must pay interest to the buyer for every month of delay, at a rate specified in the agreement.
- Option to Withdraw: The buyer has the right to withdraw from the project if they do not wish to wait. In that case, the developer must refund the entire amount paid, along with interest.
- Grievance Redressal: Buyers can file a complaint with the RERA authority if the developer fails to meet the deadline.
This legal framework provides significant protection to homebuyers and ensures accountability from developers.
How to Track Construction Progress
You can monitor the construction progress against the declared completion date through the MahaRERA website:
- Step 1: Visit the MahaRERA website at maharera.mahaonline.gov.in.
- Step 2: Search for your tower using the RERA number or project name.
- Step 3: Look for the "Construction Progress" or "Quarterly Progress Report" section.
- Step 4: Review the percentage of work completed for various milestones.
Developers are required to file these reports quarterly, giving buyers a way to track progress over time.
Get in Touch
For the specific completion date of the tower you are interested in, or for any other details, download the brochure or contact the sales team directly.