"Forget about the young IT Professionals in Hinjewadi! Now, Wakad is not for them!! Soon, Wakad is going to become Kharadi of West Pune - where property prices will start from 75 Lakhs!
Why? Because, History repeats itself. Like nineties, housing is no more for the middle class masses. Henceforth, only a chosen few can own a home in PMC & PCMC.
Be ready - to experience the reincarnation of Wall Street Economy - where middle class only consumes & struggles to pay the bills - but don't own a thing!"
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| Launch Ad of Monarch Renaissance - 2 BHK 3 BHK 4 BHK Flats - 22 Story 11 Towers - behind Sayaji Hotel - off Mumbai Bangalore Highway - Wakad - Pune 411057 |
Monarch Renaissance Wakad Pune opens booking of
4 BHK Flat 3201 Saleable for Approx Rs. 1.64 Crore Onward
3 BHK Flat 1850 Saleable for Approx Rs.97 Lakhs Onward
2 BHK Flats 1266 Saleable for Approx Rs. 67 Lakhs Onward
on 15th May 2012 at the pre-launch property rate of Rs. 4,851 per sq.ft.
(Stamp Duty + Registration + Service Tax + VAT Extra)
in 22 Story Towers!
Today's Property Rate at Monarch Renaissance Wakad Rs. 5,100 per sq.ft.!
Yesterday, on 15th May 2012, Monarch Renaissance Wakad (www.monarchrenaissance.com) Pune 411057 released 2 full page ads in the local news papers. The property ads announced opening of booking of 4 BHK, 3 BHK & 2 BHK Flats in 22 Story 11 Towers of Monarch Renaissance Wakad at the pre-launch property rates - Rs. 4,851 per sq.ft.
But, today, i found out that Monarch Renaissance, behind Sayaji Hotel on Mumbai Bangalore Highway at Wakad, has increased the property rates. Now, it's Rs. 5,100 per sq.ft.!
This may be Monarch Universal & Aswani Developers way of celebrating the day on which Indian Rupee hit a record low (54.36) against the dollar and Indian Stock Market dipped below 16,000 mark!
However, the salesman at Monarch Renaissance Wakad promised to give me the pre-launch property rate - if i book by the weekend!
"Wow! The Great New Bombay Circus has come to Wakad!," I told myself.
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| Entrance Arch and Well Known Wakad - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
Monarch Renaissance Wakad Pune: Approximately 1,000 Flats in 22 Story 11 Towers in 26 Acres!
The builder of Monarch Renaissance Wakad looked different. Otherwise, you know, Wakad is the training ground of small & inexperienced builders. So, i visited the website of Monarch Universal (www.monarchuniversal.com) and called their corporate office at CBD Belapur, Navi Mumbai 400614.
Out of the 8 residential projects listed on their website, i was told that, 3 projects are complete -
1) Monarch Fortune Kharghar - 14 Story Single Stand Alone Building of 2 BHK Flats
2) Monarch Orchid Kharghar - 19 Story Single Stand Alone Building of 2 BHK Flats
3) Monarch Ambience Kharghar - 17 Story Single Stand Alone Building of 2 BHK Flats.
Monarch Universal's 4 under construction or just launched projects are -
1) Monarch Imperial Kalamboli - 14 Story 5 Buildings
2) Monarch Greenspaces Panvel - 38 Story 4 Buildings
3) Monarch Brookefields Kalamboli - 14 Story 6 Buildings
4) Monarch Luxuria Kharghar - 21 Story Single Stand Alone Building of 2 BHK Flats
Compared to these completed & on going projects in Navi Mumbai, where the average property rate is Rs. 5,000 per sq.ft., I found 26 Acre Monarch Renaissance of 1,000 Flats in 22 Story 11 Towers at Wakad too big!
"Wow! The Great New Bombay Circus has come to Wakad!," I told myself and congratulated Monarch Universal for choosing the right location of Wakad Pune - the training ground of small & inexperienced builders.
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| Elevation Layout of 22 Story 11 Towers in Monarch Renaissance Wakad Pune |
View Monarch Renaissance, 2 BHK 3 BHK 4 BHK Flats, behind Sayaji Hotel, Mumbai Bangalore Highway, Wakad, Pune 411057 in a larger map
Kareena Kapoor Vs. M/s Sonal, Prachi, Ritu & Co:
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| Liviano Kharadi Pune 411 014 Sakal (2011-09-30) |
What i liked most about Monarch Renaissance Wakad is "Kareena Kapoor"!
I am not a fan of Kareena. But i enjoyed looking at Kareena on full page ads of Monarch Renaissance Wakad. You know what? Because of Kareena, i looked at the digital image of 22 Story Tower in Monarch Renaissance Wakad for more than 2 minutes.
You know what I found out? The elevation of Monarch Renaissance Wakad looks similar to Darode-Jog Properties' Liviano Kharadi (www.liviano.in)!
Isn't it better to have Kareena than some girl looking like Sonal / Prachi or Ritu? Because of that girl in the ad - my first impression about Liviano Kharadi was "Sadak Chhap" - not trendy but 'down market' real estate project!
When I saw Kareena - I believed that Monarch Renaissance is a luxury property. Whereas, Urvashi Sharma failed to convince me that there was great fun inside the 2nd phase of Celestial City Ravet.
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| Celestial City Ravet & Model Urvashi Sharma |
When i searched a little, i found out that M/s Gopal & Hasmukh Thakur, two brothers & owners of Monarch Universal, have a bandwagon of Bollywood friends! Their corporate office at CBD Belapur Navi Mumbai is designed by Hrithik Roshan's wife - Suzanne! Not only that! Soha Ali & Kunal Khemu, Udita Goswami, Rajeev Khandelwal, Kamal Khan were present at the opening of this office!
"Wow! The Great New Bombay Circus has come to Wakad!," I told myself and started looking forward to see all of theme at Monarch Renaissance Wakad Pune 411057.
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| Gopal Thakur, Soha Ali, Kunal Khemu and Hasmukh Thakur at launch of Monarch Universal corporate office at Navi Mumbai |
Confusion at Monarch Renaissance Wakad Pune 411057:
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| 4 BHK Flat in Monarch Renaissance Wakad Pune |
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| 3 BHK Flat in Monarch Renaissance Wakad Pune |
I liked the floor plans of 4 BHK, 3 BHK Flats in Monarch Renaissance Wakad. Yes, even a 2 BHK Flat is also not bad. Room sizes are good. The positions of the toilets are not that good but sizes are comfortable. In fact, i fell in love with the master bedroom of a 4 BHK Flat.
Of course, I didn't like the fact that the carpet areas were not given on the website & in the brochure of Monarch Renaissance Wakad. But, i didn't get upset. Because, I know that Mumbai & Navi Mumbai Builders are not as transparent & as ethical as Pune builders.
Now, since I liked the floor plans of the flats in Monarch Renaissance Wakad, i wanted to know 3 things:
1) Has Monarch Renaissance Wakad received all necessary sanctions & approvals?
2) Has Monarch Universal, the capacity to actually construct Monarch Renaissance Wakad?
3) How is Monarch Universal going to develop the infrastructural services in Monarch Renaissance Wakad - drinking water, sewage treatment, waste disposal system, rainwater harvesting, water recycling, safety & security systems & fire fighting systems in the project?
I was not interested in the sample flat. Because, I know that the workers who construct the sample flat are not going to construct my property. Or neither am I going to get the kind of finish i see in the sample flat. So, I didn't mind when I found out that there is no sample flat at the site of Monarch Renaissance Wakad.
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| Sayaji Hotel Wakad - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
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| Plot of the future commercial development & the tent of Bhoomi Pujan - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
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| Air-conditioned Tent for Bhumi-Pujan - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
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| Pristine Pro-Life & venue of the musical event - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
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| Om Developers' The Island Wakad & the venue of the musical event - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
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| Back side of Sayaji Hotel & the actual site of the towers - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
However, the disturbing fact was that there wasn't any kind of site development work - not even a proper site office at Monarch Renaissance Wakad - except the small room where a few salespersons were giving information.
I saw one air-conditioned pandal in which bhoomi pujan ceremony was going on. Next to it, i could see the huge stage & seating arrangement for thousands of people. Someone told me that Sonu Nigam is going perform in the evening for the invitees.
"Did you take the possession of this plot only a couple of days ago?," I asked the salesperson.
"No! I am here for almost a month!!," the salesperson said.
"Oh! Really? Now, tell me - what's up today? A launch of Monarch Renaissance Wakad or only Bhoomi Pujan of a plot? Or a get-together of the friends & business associates of the builders?," I asked.
"All in one! Deputy Chief Minister of Maharashtra is coming at 5 pm to announce the launch!," the salesperson said.
"Wow! The Great New Bombay Circus has come to Wakad!," I told myself and asked him to explain the project.
Amenities at Monarch Renaissance Wakad: Flyover on Mumbai Bangalore Highway?:
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| Layout of 22 Story 11 Towers in 26 Acre Monarch Renaissance Wakad Pune |
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| Nyati Ethos 1 BHK 2 BHK 3 BHK Flats at Nyati County off NIBM Undri Pune - Hoarding on Wakad Flyover - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
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| Bhumkar Chowk Wakad - Aditya Birla Hinjewadi Road and Mumbai Bangalore Highway Junction |
The salesperson at Monarch Renaissance Wakad, dodged my questions about sanctions & approvals, construction team & infrastructural services and started talking about Shilpa Shetty's Spa - IOSSI and Mahesh Bhupati's Tennis Academy. He didn't stop at that. He took out the layout of Monarch Renaissance Wakad full of numbers in red. He started reading a long list of amenities in Monarch Renaissance Wakad - more than 50, i think.
At this point, i lost my patience. I told him to stop and asked him, "At Mahalunge Kumar Builders is building a bridge over the river to Hinjewadi. Are you at least planning to build a flyover on Mumbai Bangalore Highway? Wakad Flyover and Bhumkar Chowk Underpass are not enough!"
"We have a D P Road going through our plot. But i am not aware about the bridge. I will confirm and let you know," the salesperson said.
"You haven't done your homework well! You can launch a project in Pune and collect booking amount without showing a plot of land - but without imagination it's impossible to sell the property in Pune!," i told him.
"Yes! I can see that!! But how did you find Monarch Renaissance?," the salesperson asked.
"It's too early to talk about the project but, for sure, your architect and advertising agency are good!," i told him and said to myself, "Wow! The Great New Bombay Circus has come to Wakad!"
Contact Monarch Renaissance Wakad Pune 411057:
8600 122 122 / 9004 122 122 / www.monarchrenaissance.com
Pristine Pro-Life: Homes for Young Hinjewadi IT Professionals, Who are Born to Live in Wakad!
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| First slab of H G & Ready Structure of A, B, C Buildings of Pristine Prolife Wakad - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
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| Site of Pristine Prolife Wakad - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
I visited Pristine Pro-Life Wakad, the other project located next to Sayaji Hotel on the service road of Mumbai Bangalore Highway.
"Welcome to Wakad's finest residences for the Hinjewadi IT Professionals!," Ms. Kirti Bhosale, my dear friend & marketing manager of Pristine Pro-Life Wakad (88880 71444 / 88880 724444) said.
When i saw the printed price list with carpet areas, I felt very proud of Pune Builders. At this point of time bookings of G & H Buildings in Pristine Pro-Life Wakad are open. All inclusive property price of a 2 BHK Flat - 747 Carpet + 131 Terrace - on 1st to 3rd floors in Pristine Pro-Life Wakad is Rs. 56,81,244. Whereas a 3 BHK Flat - 1,000 Carpet + 132 Terrace - on 1st to 3rd floors - is for Rs. 76,07,310. Rs. 25 per sq.ft. per floor is applicable from the 4th floor.
Goldfinger Avenir: Most Competitive Property Prices & Most Convenient Location in Wakad!
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| Madhupushpa, Eden, Siddhivinayak Vision Square & construction Site of the B Building in Goldfinger Avenir 2 BHK & 3 BHK Flats at Wakad - View from the site office - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
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| Wakad Hinjewadi Flyover, Rohan Tarang Wakad & Construction Site of the B Building in Goldfinger Avenir 2 BHK & 3 BHK Flats at Wakad - Visit Monarch Renaissance, 4 BHK 3 BHK & 2 BHK Flats at Wakad, Pune 411057 |
Mr. Ganesh Shivadawkar (8888 155 999), Marketing Manager of Goldfinger Avenir Wakad, told me that in the 4 months from the launch, almost 80 % flats in the B Building are booked. Almost all agreements are done. The construction is in full swing - plinth of the B Building is ready. The second building, A Building of Goldfinger Avenir will be launched soon.
"Our property rates - Rs. 3,800 per sq.ft. for a 2 BHK Flat & Rs. 3,825 to 3,900 per sq.ft. for a 3 BHK Flat are the most reasonable property prices in Wakad. Not only that, our floor rise - only Rs. 25 per sq.ft. per floor - starts from the 6th floor. Have you ever heard Rs. 25 per sq.ft. premium for the Garden Facing flats? We have it in Avenir Wakad!," Ganesh said proudly.
All inclusive approximate property prices at Goldfinger Avenir Wakad are:
A 2 BHK Flat - Rs. 47.63 to 64.73 Lakhs + Service Tax + VAT + Maintenance + Society Formation Charges
A 3 BHK Flat - Rs. 60 to 82 Lakhs + Service Tax + VAT + Maintenance + Society Formation Charges
Pointing at Wakad Flyover, Ganesh said,"We have a D P Road which will connect Goldfinger Avenir to Wakad Flyover!"
"Why are you all so much concerned about connectivity to Hinjewadi?," I asked.
"Because, Hinjewadi IT Professionals prefer Wakad!," Ganesh said.
"Forget about the young IT Professionals in Hinjewadi! Now, Wakad is not for them!! You know? The Great New Bombay Circus has come to Wakad!! Soon, Wakad is going to become Kharadi of West Pune - where property prices will start from 75 Lakhs! Why? Because, History repeats itself. Like nineties, housing is no more for the middle class masses. Henceforth, only a chosen few can own a home in PMC & PCMC. Be ready - to experience the reincarnation of Wall Street Economy - where middle class only consumes & struggles to pay the bills - but don't own a thing!" I said.
Related Story:
1) WEDNESDAY, MAY 2, 2012
April 2012: Ravi Karandeekar's Most Popular Pune Real Estate Market News Blogs
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