Is it Possible to make a tardis dematerialization and rematerialization in Unity 3D?

Is it possible to make the TARDIS take-off and landing?

Yes, of course, it has been done:

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No

Not only possible, but probably really easy too. Render your tardis to a render texture and apply the render texture to a 2D quad with a transparent(fade) material. Use an animation to lower the alpha over time.