Prestige Park Street Possession Date
Prestige Park Street's possession date is October 31, 2030, with 252 homes ready across 3.48 acres in Velachery, Chennai. The Prestige Group is setting up 4 tall towers on this site. Each tower has 2 basements, a ground floor, and 18 upper floors. Pre-launch bookings are open right now before the October 5, 2026 launch. Ground digging starts on October 25, 2026.
This project offers 72 flats per acre for plenty of open space. Buyers can pick 3 BHK, 4 BHK, or 4.5 BHK homes. Flat sizes start at 2,280 sq ft and reach up to 4,288 sq ft. Base rates start at ₹4 crore, which equals about ₹17,500 per sq ft today. On October 31, 2030, owners get their keys and enter the 45,000 sq ft club space.
Prestige Park Street Possession Date and Site Build Steps
Prestige Park Street possession date is October 31, 2030, giving workers 48 months to build from ground digging to final keys. The team works on all 4 towers using a set calendar so work stays on time.
- Booking Window: Buyers lock their flat today before the October 5, 2026 project launch.
- Ground Digging: Heavy diggers clear the land on October 25, 2026.
- Basement Slabs: Concrete floors for both parking levels finish by mid-2027.
- Tower Floors: All 18 concrete floors rise high and finish by early 2029.
- Inside Paint and Tiles: Wall plaster, floor tiles, and room paint finish by early 2030.
- City Home Pass: City staff inspect the buildings to grant the OC pass between June and September 2030.
- Key Handover: Buyers pick up their house keys and move in on October 31, 2030.
Prestige Park Street Payment Steps Linked to Key Handover
Prestige Park Street ties its payment plan to 10 site build stages, so buyers only pay 10% cash as work gets done. You pay each stage after site teams finish physical work, ending with the last share when the city grants the move-in pass.
| Stage | Work Done on Site | Amount to Pay (%) |
|---|---|---|
| Stage 1 | Booking sum to block the flat | 10% |
| Stage 2 | Start of site work and sign the sale deal | 10% |
| Stage 3 | Ground digging is fully done | 10% |
| Stage 4 | Ground beams are cast in place | 10% |
| Stage 5 | Both basement concrete slabs are poured | 10% |
| Stage 6 | Ground floor roof slab is poured | 10% |
| Stage 7 | Tower frame rises up to the 18th floor | 10% |
| Stage 8 | Inside room floor tiles and plaster are set | 10% |
| Stage 9 | Water pipes and bath taps are set up | 10% |
| Stage 10 | Move-in pass arrives and keys are given | 10% |
Tower-Wise Handover Plan for All Four Blocks
Prestige Park Street delivers keys for all 4 towers together on October 31, 2030, covering all 252 homes at once. All blocks share the same B1 + B2 + G + 18 build height so that workers can run pipes, wires, and lifts side by side.
- Same Base Work: Deep ground pillars and basement floors are poured for all four blocks together.
- Step-by-Step Finishes: Door frames, glass windows, and bath pipes are fitted in pairs to save time.
- Park and Club Access: The big lawn and the 45,000 sq ft club open on day one.
- Block Checks: Safety teams check the lifts, wires, and water tanks in each tower before move-in day.
TNRERA Delivery Safety and Delay Rights for Buyers
Prestige Park Street TNRERA sign-up is now in progress, locking in buyer safety under Section 18 with 70% of funds kept safe in a bank trust. This state rule means the builder cannot move this cash to other projects until the homes are built.
- Safe Bank Funds: Most of your money stays in a locked bank account for site labor and bricks only.
- Late Cash Rights: If keys come past October 31, 2030, the builder pays you monthly bank interest by law.
- Five-Year Free Fixes: The builder must mend wall cracks or pipe leaks for free for five full years.
- Firm Floor Plans: No one can change your flat size or room plan without your direct sign-off.
Key Handover Papers and City Move-In Checks
Prestige Park Street handover starts only after the city issues a clean Occupancy Certificate (OC), clearing all 18 floors for safe family life. Owners must walk through the flat with staff and check off every paper before they take the keys.
- Occupancy Certificate (OC): Proves the city cleared the towers for safe, legal daily living.
- Fire Safety Pass: Shows that smoke alarms, hose pipes, and wide escape stairs work as planned.
- Power and Water Papers: Confirms live city power links and clean piped tap water for every flat.
- Snag List Walk: Lets you point out small paint marks or stiff doors so workers fix them before you move in.
Maintenance Fees and Upkeep Fund at Handover
Prestige Park Street upkeep costs range from ₹4 to ₹6 per sq ft each month, based on the full size of your flat. The builder collects an early upkeep fund when you take your keys, so staff can run all gates, pumps, and lights smoothly.
- All-Day Gate Guards: Guard teams, car boom gates, and live cameras watch all 3.48 acres day and night.
- Lift Service: Monthly lift care teams keep fast passenger lifts running smoothly across 18 floors.
- Water and Waste Care: In-house water filters and waste units run daily to keep taps clean.
- Backup Power: Big diesel motors run lifts, pumps, and home plug points when city power cuts out.
FAQs
The official possession date is October 31, 2030, following 48 months of active build work starting on October 25, 2026.
Ground digging starts on October 25, 2026, just after the main project launch on October 5, 2026.
Yes, all 4 towers with 252 homes will open together on October 31, 2030, because the basement slabs are built at the same time.
Under state RERA rules, buyers can claim monthly bank interest payments from the builder for every late month past October 2030.
The team will get the Occupancy Certificate between June and September 2030, right before keys go out in October 2030.
