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PRICE COMPETITIVENESS
LOCATION QUALITY
BUILDER PROFILE
CONSTRUCTION QUALITY

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 ProjectResidential
Developer NameMonarch Properties
Project LocationOpp. KR Puram Lake, Old Madras Road, KR Puram, Bangalore
Land Area 4.5 acres
No of Units 483
No of Towers / Blocks3 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 Floors2B+G+24
Completion Timeline Dec’19

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 NameDeveloper NameLocation Units Sizes Price Expected Completion
Monarch AquaMonarch GroupOpp KR Puram Lake, Old Madras Road1110 - 23675200Dec’19
Salarpuria CelestaSalarpuria SattvaNext to KR Puram Lake, Old Madras Road1297 - 18735500Completed
Pashmina WaterfrontPashmina DevelopersSannatammanahalli, Old Madras Road1636 - 42005500June’17
Fortius WaterscapeFortius InfraBharathi Nagar, Off Old Madras Road1322 - 17645500Completed
Salarpuria MagnificiaSalarpuria SattvaNear Tim Factory, Old Madras Road, KR Puram2266 - 40507500Completed
Brigade ExoticaBrigade GroupBudigere Cross, Old Madras Road2640 - 55405940Sep’17
Bren StarlightBren CorporationAvalahalli, Old Madras Road915 - 15304190Aug’18
Salarpuria East CrestSalarpuria SattvaBudigere Cross, Old Madras Road598 - 16734990Mar’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.

LOCATION HIGHLIGHTS

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).
Airport

Kempegowda International Airport is 42 Kms away.

SOCIAL INFRASTRUCTURE

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 NameMonarch Properties
Flagship Company NameMonarch Properties
Project Execution CompanyMonarch Properties
Address#54, III Floor, Monarch Plaza, Brigade Road, Bangalore
Year of EstablishmentNA
Managing DirectorMohammed Salim Dawood
No. of Projects Completed10
Popular ProjectsMonarch Serenity
Company Website http://www.monarchproperties.in

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 ContractorAl Fara, a UAE based leading integrated multi-disciplinary Construction & Industrial Groups.
ArchitectSpace Matrix Singapore
SpecificationsStandard 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.
Expected CompletionDecember’19

AMENITIES & LIFESTYLE

HEALTH & FITNESSGREEN ENVIRONMENTLIFESTYLE & DESIGNX - FACTOR
Clubhouse with Gym.

Indoor Swimming Pool.

Yoga & Meditation Room.

Indoor Games – Chess, Cards & Carrom.

Table Tennis.

Pool table.

Multi-purpose Court.

Outdoor Multi-purpose Sports Arena for Cricket, Football or Basketball.

Squash Court.

Jogging Track.

Kids Play Area.

Infinity Pool.
Landscaped Gardens.

Sewage Treatment Plant.

Rain Water Harvesting.

Organic Waste Converter.
Massage & Steam Room.

Outdoor Amphitheatre.

Library.

Multi-purpose Hall.

Putting Green.

Mini Skating Zone.

Mini Theatre.

Outdoor Café.

Senior Citizen Corner.

Pet Park.

100% Power Backup.

Intercom Facility.
View of beautiful KR Puram Lake.

Retail mall in the campus.

Business Centre.

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.

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