PROJECT IS STRATEGICALLY LOCATED AND OFFERS BEAUTIFUL VIEW OF SERENE KR PURAM LAKE.
Monarch Aqua is a high-rise residential apartment project by Monarch Properties on Old Madras Road, KR Puram, Bangalore, Karnataka, India. The Project Site is accessible through the service lane of Old Madras Road, which runs parallel to the west boundary of the Property. The Project is located directly opposite to beautiful & well-maintained KR Puram Lake. Project is designed on 360 degree principle, is open on 3 sides and offers lake view to all the apartments. Monarch Aqua is pre-certified Gold Level by Indian Green Business Council (IGBC).
The Projects has a retail mall within its campus though it will have independent access for the outsiders. The Project also offers a fully equipped Business Centre with a lounge, meeting room and conference facility.
Monarch Aqua is funded by HDFC Limited and have been approved by all major banks such as HDFC Bank, ICICI Bank and SBI.
Below table provides a snapshot of the Project:
|Type of Project||Residential|
|Developer Name||Monarch Properties|
|Project Location||Opp. KR Puram Lake, Old Madras Road, KR Puram, Bangalore|
|Land Area||4.5 acres|
|No of Units||483|
|No of Towers / Blocks||3 Blocks|
|Units Configuration||2 BHK - 1110 - 1291 sq. ft.|
2.5 BHK - 1259 - 1364 sq. ft.
3 BHK – 1572 - 2130 sq. ft.
3.5 BHK - 2273 sq. ft.
4 BHK – 2400 sq. ft.
|No of Floors||2B+G+24|
Price Rating: ABOUT AVERAGE
We have benchmarked Monarch Aqua against apartment projects on Old Madras Road (OMR). Even though the price of Aqua appears to be comparable compared to those of similar apartments in the same micro-market, the price works out to be “Expensive” as all other projects are at advanced stage of construction or ready to move-in. Also Monarch Group doesn’t have the same brand equity as compared to other builders in the vicinity.
|Project Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|Monarch Aqua||Monarch Group||Opp KR Puram Lake, Old Madras Road||1110 - 2367||5200||Dec’19|
|Salarpuria Celesta||Salarpuria Sattva||Next to KR Puram Lake, Old Madras Road||1297 - 1873||5500||Completed|
|Pashmina Waterfront||Pashmina Developers||Sannatammanahalli, Old Madras Road||1636 - 4200||5500||June’17|
|Fortius Waterscape||Fortius Infra||Bharathi Nagar, Off Old Madras Road||1322 - 1764||5500||Completed|
|Salarpuria Magnificia||Salarpuria Sattva||Near Tim Factory, Old Madras Road, KR Puram||2266 - 4050||7500||Completed|
|Brigade Exotica||Brigade Group||Budigere Cross, Old Madras Road||2640 - 5540||5940||Sep’17|
|Bren Starlight||Bren Corporation||Avalahalli, Old Madras Road||915 - 1530||4190||Aug’18|
|Salarpuria East Crest||Salarpuria Sattva||Budigere Cross, Old Madras Road||598 - 1673||4990||Mar’19|
*The quoted price is base price of the unit and does not include car parking, floor rise, club house, deposits & taxes.
NOTE: Price last updated on MAY 12, 2017.
Location Rating: ABOUT AVERAGE
Monarch Aqua is located just 1.5 Km from KR Puram – OMR junction on Old Madras Road, KR Puram, Bangalore. The Project is directly accessible from the service lane of Old Madras Road. Location of Aqua is very good as it is well-connected to Whitefield, Marathahalli Ring Road and MG Road. The immediate neighbourhood is a fast developing residential locality with a number of residential projects nearby from top builders such as Salarpuria Sattva, Brigade Group and Nitesh Estates. However, social Infrastructure is yet to be fully developed in the neighbourhood as people have to travel to KR Puram market for their shopping and medical requirement.
|Immediate neighbourhood |
A fast developing residential locality with a number of high-rise residential projects from top builders. Social Infrastructure is yet to be fully developed in the neighbourhood.
|Landmarks nearby |
The Project is directly opposite to beautiful KR Puram Lake.
|Access Roads |
Directly accessible from the service lane of Old Madras Road. KR Puram junction is just 1.5 Km away in the south direction.
|Metro Rail |
Nearest station is proposed to be at KR Puram (2 Km).
|Train Stations |
KR Puram Railway Station (6 Km); Bangalore City Railway Station (18 Km).
Kempegowda International Airport is 42 Kms away.
Builder Rating: ABOUT AVERAGE
Monarch Properties is a family owned enterprise and is promoted by Mr. Mohammed Salim Dawood. He has over 30 years of hospitality industry experience. The group has completed around 10 boutique residential & commercial projects and has two operating hotels in central business district of Bangalore.
|Builder Name||Monarch Properties|
|Flagship Company Name||Monarch Properties|
|Project Execution Company||Monarch Properties|
|Address||#54, III Floor, Monarch Plaza, Brigade Road, Bangalore|
|Year of Establishment||NA|
|Managing Director||Mohammed Salim Dawood|
|No. of Projects Completed||10|
|Popular Projects||Monarch Serenity|
Construction Quality Rating: ABOUT AVERAGE
We found “Average” Quality of Construction in all its completed projects. This is the largest group housing project being developed by Monarch Properties. The group doesn’t have experience in completing a project of this size as most of their previous projects had less than 30 units. However, Monarch Properties has tried to address their inexperience by hiring some of the top most project consultants for the project. For example – the contractor for this project is Al Fara, one of UAE’s leading integrated multi-disciplinary Construction & Industrial Groups, the architect is Space Matrix of Singapore and Project Management Consultant is Synergy.
The Project offers a wide range of amenities and sports facilities to its residents. Also every unit in the project has been designed to be open on 3 side and have lake view. Monarch Aqua is pre-certified Gold Level by Indian Green Business Council (IGBC), which means that the project is being constructed with the least possible ecological footprint.
|Construction Contractor||Al Fara, a UAE based leading integrated multi-disciplinary Construction & Industrial Groups.|
|Architect||Space Matrix Singapore|
|Specifications||Standard specifications such as|
• Laminated wooden flooring in master bedroom; vitrified tiles in all other rooms, living, dining & Kitchen areas.
• Teak wood frame for main door; all other doors in hard wood or Salwood frame.
• Aluminium powder coated windows with Mosquito mesh.
• Video door phones.
• Reticulated Gas Connection.
• Branded Sanitary Fixtures and CP Fittings.
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|Clubhouse with Gym. |
Indoor Swimming Pool.
Yoga & Meditation Room.
Indoor Games – Chess, Cards & Carrom.
Outdoor Multi-purpose Sports Arena for Cricket, Football or Basketball.
Kids Play Area.
|Landscaped Gardens. |
Sewage Treatment Plant.
Rain Water Harvesting.
Organic Waste Converter.
|Massage & Steam Room. |
Mini Skating Zone.
Senior Citizen Corner.
100% Power Backup.
|View of beautiful KR Puram Lake. |
Retail mall in the campus.
Monarch Aqua has received all required NOCs from the concerned authorities and building plan sanction from BBMP. We did not find any regulatory or environmental related issues with the project.
Monarch Aqua is the first large size project being executed by Monarch Properties (Monarch Serenity was being developed by some other developer in JDA with Monarch Group & it was finished later by Monarch Properties). There are lot of inherent challenges in such projects – financial closure, sales and execution of project. Monarch Properties has hired some of the best project consultants for the project; however in case of poor sales due to weakness in the industry or economy the group will find it difficult to honor the construction schedule and delivery deadline.
Buyers are advised to conduct an independent legal and technical due-diligence of the project before investing in the project.