Possession Status at Hiranandani Fortune City Panvel
The day you get the keys to your new home is the most important milestone in your home-buying journey. At Hiranandani Fortune City Panvel, possession is underway for several towers, with over 2,200 homes already handed over to happy residents.
This page gives you a clear picture of the possession status across different towers and phases, what to expect during the handover process, and the documents you need to complete the formalities.
Possession Status Overview
Hiranandani Fortune City has been developed in phases, and possession timelines vary by tower. Here is a quick overview:
| Total Towers Delivered | 19 |
| Homes Delivered | 2,200+ |
| Homes Offered for Possession | 1,600+ |
| Towers with OC Received | 14 |
| Possession Status | Nearing Possession for Most Towers |
This data shows that a large portion of the township is already complete and inhabited. If you are looking for ready-to-move-in options, several towers are available for immediate possession.
Towers with Possession Already Offered
The following towers have already had possession offered to buyers. These are completed and occupied, or very close to being handed over.
| Tower Name | Configuration | Possession Status |
|---|---|---|
| Artemis | 3 BHK | Possession Offered |
| Flora | 3 BHK | Possession Offered |
| Hera | Studio & 1 BHK | Possession Offered |
| Orion | 2 BHK | Possession Offered |
| Selene | 3 BHK | Possession Offered |
| Venus | 2 BHK | Possession Offered |
| Vesta | 2 BHK | Possession Offered |
| Zeus | 2 BHK | Possession Offered |
Additionally, early towers like Minerva, Clio, Mellona, Hermes, Atlas, and Aura are fully occupied, with residents living there since 2020.
Towers Nearing Possession
Some towers are in the final stages of construction and are nearing possession. These may have received their Occupancy Certificate or are about to receive it.
If you are looking for a home that is almost ready, these towers are worth considering. The sales team can provide specific updates on which units are available and their expected handover dates.
Upcoming Possession Timelines
The newer phases have possession timelines set a few years ahead. Here are the RERA-declared possession dates for these sectors.
| Sector | Towers | Possession Timeline |
|---|---|---|
| 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 possession date of December 31, 2031 according to its RERA registration. The Jasmine tower also has a proposed possession date of December 31, 2031.
The Possession Process
When your tower is ready for possession, here is what typically happens:
- Notice of Possession: The developer sends you a written notice stating that your unit is ready for handover.
- Payment Clearance: You need to clear any outstanding payments as per the agreement, including the final installment.
- Joint Inspection: You visit the property with a representative to inspect it. Any defects or snags are noted during this visit.
- Snag Rectification: The developer fixes the noted issues within a reasonable time.
- Documentation: You sign the handover documents and complete the formalities.
- Key Handover: Once everything is complete, you receive the keys to your new home.
Documents Required for Possession
To take possession, you typically need the following documents:
- Original Agreement: The signed builder-buyer agreement.
- Proof of Identity: PAN card, Aadhaar card, or passport.
- Proof of Address: Any valid address proof.
- Payment Receipts: Receipts for all payments made towards the property.
- Photographs: Passport-size photographs.
- Possession Letter: The original possession letter sent by the developer.
- Loan Documents: If you have a home loan, the original NOC from the bank.
The developer usually provides a complete checklist as part of the possession process.
Charges at the Time of Possession
Before you take possession, there are some additional charges to settle:
| Charge | Description |
|---|---|
| Maintenance Deposit | Advance payment for common area upkeep, usually for 1-2 years. |
| Clubhouse Charges | One-time fee for access to township amenities. |
| Parking Charges | If not already included in the apartment cost. |
| Electricity & Water Deposits | One-time deposits with utility providers. |
| Legal & Documentation | Charges for handover documentation, if any. |
It is advisable to check the complete cost sheet provided by the sales team to plan your finances accordingly.
What to Check During Possession
During the joint inspection, check the following:
- Walls and Ceilings: Look for cracks, dampness, or paint issues.
- Flooring: Check for uneven surfaces, tiles that sound hollow, or scratches.
- Doors and Windows: Ensure they open and close smoothly and have no gaps.
- Electricals: Test all switches, sockets, and light points.
- Plumbing: Check for leaks in taps, showers, and drainage.
- Kitchen: Verify the counter, sink, and cabinet fittings.
- Bathrooms: Check water pressure, drainage, and fittings.
- Balcony: Look for proper drainage and railing stability.
Document any issues you find and get a written commitment from the developer on when they will be fixed.
Get in Touch
For specific possession updates for your tower, or for any other details, download the brochure or contact the sales team directly.