No. NRI's do not require any permission to acquire any immovable property in India other than agricultural / plantation property or a farm house.

It is illegal to put residential properties to commercial use. However, service-based industries are allowed to operate from residential areas, on the condition that they will vacate the property if any complaint is received from other residential owners.

No. NRI's do not require any permission to transfer any immovable property in India. Permission is required only in the case of transferring of agricultural or plantation property or farm house to another citizen of India NRI or PIO.

Yes. Reserve Bank has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income is eligible for repatriation

Reserve Bank has granted general permission to certain financial institutions providing housing finance e.g. HDFC, LIC Housing Finance Ltd., etc., to grant housing loans to NRI's for acquisition of a house/flat for self-occupation subject to certain conditions. The purpose of loan margin money and the quantum of loan will be at par with those applicable to housing loans to residents. Repayment of loan should be made within a period not exceeding 15 years out of inward remittances or out of funds held in the investor's NRE/FCNR/NRO Accounts.

Yes. Such housing loans availed in rupees can also be repaid by the close relatives in India of the borrower.

Monarch Aqua is located on Old Madras Road, opposite KR Puram Lake and waterpark, directly adjacent to the highway.

We have designed all apartments to fit varied individual and family requirements. Approximate sizes are mentioned below :
TYPE 2 - 1110-1291 SQ. FT.
TYPE 2.5 - 1259-1364 SQ. FT.
TYPE 3 - 1583-1716 SQ. FT.

On receiving approvals, Monarch will invite the selected apartment owner

Monarch Aqua offers an array of state-of-the-art facilities, such as: gymnasium, multi-purpose hall, indoor squash court, health club, library, table tennis, cards room, TV room, yoga terrace, swimming pool and children

Maintenance will be separate for apartments and commercial spaces. The scheme for maintenance is as under:

A sum of Rs. 30/- per sq ft (Rs.2.5/- per sq ft per month) will be charged as the advance maintenance fee for the first year and will be c

Though the specifications and designs have been carefully conceived, we understand the needs and interests of individual homeowners and families. We do have options for limited customizations that can fulfill individual owner requirements.