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MONARQUE BY VTP LUXE PHASE 2
By MEXUS REAL ESTATE DEVELOPERS LLP
RG-MH-31106 · RERA P52100079440 · Last updated on MahaRERA portal: 17 Jun 2026
Source: official MahaRERA filing
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Red flags
- Litigation declared, 1 case
- 2 complaints at MahaRERA
- Rs 250.00 crore secured on the land, in favour of Tata Capital Housing Finance Limited
Clear
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
3 conditions are on this record. What each one means for someone buying here, and what the promoter's own filed documents say behind it, is what the buyer report adds.
See what the report covers Free either way: or have every new Pune registration emailed to you, free during the pilot beta.Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
MONARQUE BY VTP LUXE PHASE 2 is a Residential / Group Housing project by MEXUS REAL ESTATE DEVELOPERS LLP in Pune, Maharashtra, registered with MahaRERA as P52100079440 on 6 Mar 2025. Possession is promised by 31 Dec 2029. 34 of the 144 units on this registration are recorded sold or booked, and 1 of 11 construction stages are filed complete. 2 complaints are on record with the regulator.
At a glance
Project
- NameMONARQUE BY VTP LUXE PHASE 2
- TypeResidential / Group Housing
- Location
- Hinjewadi
- Hinjavadi (CT)
- Mulshi
- Pune
- 411057
- Pincode411057
- RERA no.P52100079440
- ReraGenie IDRG-MH-31106
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on6 Mar 2025
- Promised completion31 Dec 2029
- Revised completionNone
- Buildings1 building record
- Documents filed68 files
Current status
Figures as on 17 Jun 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Tower-2 | NA | 40 | 35 | 144 | 0 | 144 |
The full filing
Everything below is from the project's own MahaRERA filing, free to read. The Rs 499 buyer report reads the filed documents themselves and puts the findings in plain language.
Construction progress by building1
As on 17 Jun 2026, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
1 of 11 construction stages are filed complete. The stage furthest along is Basement (if any), at 0%.
Tower-2: 9% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 0% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 0% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 0% |
| Installation of Lifts, water pumps, Fire Fighting Fittings and Equipment as per CFO NOC, Electrical fittings, mechanical equipment, compliance to conditions ofenvironment/CRZ NOC, Finishing to entrance lobby/s, plinth protection. paving of areas appurtenant to Building/Wing, Compound Wall and all other requirements as may be required to complete project as per specifications in agreement of Sale. | 0% |
Progress on shared amenities15
As on 17 Jun 2026, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Internal Roads & Footpaths | Yes | 0% |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | Yes | 0% |
| Community Buildings | Yes | 0% |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 0% |
| Solid Waste Management And Disposal | Yes | 0% |
| Water conservation /Rain water harvesting | Yes | 0% |
| Energy managemcnt | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | No | Not applicable |
Parking filed302
Slots recorded per building wing in the filing. MahaRERA does not publish a two wheeler or four wheeler split, visitor parking, or the sanctioned allotment, so this is provision as filed and not a comparison against the approved plan.
Land and ownership1
MahaRERA does not publish landowner contact details. A declared charge means a lender has a claim over the project land. Ask the promoter for a no-objection certificate from the lender named above before you pay any amount.
| Landowner | Village | District |
|---|---|---|
| Ashdan Township Ventures Private Limited | Baner | Pune |
Approvals and building plan
Project account and cost
70 percent of buyer money must sit in the project account. Account numbers are not published by MahaRERA, so check that your agreement for sale names a designated account for this project and pay into that account only.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| Tower-2 | NA | Rs 91.90 cr | Rs 3.82 cr |
| - | NA | Rs 10.21 cr | - |
Certifying professionals and partners8
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Vk:a architecture |
| Architect | ANA Consortium Pvt Ltd |
| Engineer | GA Bhilare Consultants Pvt Ltd |
| Engineer | SHITAL KADAM |
| Engineer | Vinay Abhyankar |
| Chartered Accountant | SAC & Co LLP |
| Chartered Accountant | Pushpak Bogati |
| Chartered Accountant | Priyanka Chordiya & Associates |
| Partner | Role in project |
|---|---|
| MEXUS REAL ESTATE DEVELOPERS LLP | - |
Litigation declared1
| Case | Court | Status |
|---|---|---|
| 16/2025 | DIVISIONAL COMMISSIONER | Closed |
Complaints filed with MahaRERA2
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CC12602282 | MEXUS REAL ESTATE DEVELOPERS LLP | ALISHAN UBID KHAN | 18/04/2026 |
| CC12602283 | MEXUS REAL ESTATE DEVELOPERS LLP | MRS PRADNYA RAVINDRA KAWARE | 18/04/2026 |
The permission chain
The permissions a project needs, in the order they happen, matched to MahaRERA's own document slots. A slot on the file means the promoter uploaded a document there; it is not proof the permission was granted, and the filing carries no issue dates. An empty slot is not proof an approval is missing.
- Legal title reportOn the file
A lawyer's report on who owns the land and what is registered against it.
uploaded 14 Jan 2025 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 14 Jan 2025 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 14 Jan 2025 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 14 Jan 2025Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateNot due yet
The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.
possession is promised for 31 Dec 2029
Documents filed68
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath. The files themselves are available at source: open this registration on the MahaRERA portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Form 2A (FY 2025-2026)File: Form No-2A- Monarque Phase-2.pdf | 17 Jun 2026 |
| Withdrawal Update Form 1File: FORM-1 MONARQUE PHASE 2.pdf | 15 Apr 2026 |
| Withdrawal Update Form 2File: FORM 2 MONARQUE PHASE 2.pdf | 15 Apr 2026 |
| Withdrawal Update Form 3File: FORM 3 MONARQUE PHASE 2.pdf | 15 Apr 2026 |
| Withdrawal Update Form 1File: RERA FORM-1 MONARQUE PHASE 2.pdf | 16 Jan 2026 |
| Withdrawal Update Form 2File: RERA- FORM 2 MONARQUE Phase 2.pdf | 16 Jan 2026 |
| Withdrawal Update Form 3File: Form 3 VTP Monarque Phase 2_compressed.pdf | 16 Jan 2026 |
| Withdrawal Update Form 1File: FORM-1 MONARQUE PHASE 2.pdf | 16 Oct 2025 |
| Withdrawal Update Form 2File: FORM 2 MONARQUE PHASE 2.pdf | 16 Oct 2025 |
| Withdrawal Update Form 3File: form 3 Vtp Monarque phase 2 10-02-2024 sign_11zon.pdf | 16 Oct 2025 |
| Form 5 (FY 2024-2025)File: FORM 5- MONARUQE PHASE 2.pdf | 18 Sep 2025 |
| Form 1File: Form 1 Monarque ph 2.pdf | 22 May 2025 |
| Form 2File: Form 2 Monarque Phse 2.pdf | 22 May 2025 |
| Form 3File: Form 3 VTP Monarque Phase 2 F 31032025.pdf | 22 May 2025 |
| Disclosure of Sold and Booked InventoryFile: MONARQUE PH2 31032025.pdf | 22 May 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1- MONARQUE PHASE 2.pdf | 23 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Monarque ph 2.pdf | 23 Apr 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 VTP Monarque Phase 2.pdf | 21 Apr 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Monarque Phse 2.pdf | 19 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: MONARQUE PH2 31032025.pdf | 4 Apr 2025 |
| Other - LegalFile: organized (56)_organized.pdf | 17 Feb 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3 Vtp Monarque phase 2 10-02-2024 sign_11zon.pdf | 11 Feb 2025 |
| Other - TechnicalFile: 2 Other - Technical (38).pdf | 11 Feb 2025 |
| Other - TechnicalFile: 3 Other - Technical (19).pdf | 11 Feb 2025 |
| Other - TechnicalFile: 4 Other - Technical (14).pdf | 11 Feb 2025 |
| Disclosure for secured/unsecured finance availed for the projectFile: Merged PDF- VTP.pdf | 11 Feb 2025 |
| Layout approvalFile: Master Layout - VTP Monarque Phase II.pdf | 14 Jan 2025 |
| Building plan approvalFile: Master Layout - VTP Monarque Phase II.pdf | 14 Jan 2025 |
| Building plan approvalFile: 2 Building Plan Approval _ NA Order for plotted development (37).pdf | 14 Jan 2025 |
| Building plan approvalFile: 3 Building Plan Approval _ NA Order for plotted development (30).pdf | 14 Jan 2025 |
| Building plan approvalFile: 4 Building Plan Approval _ NA Order for plotted development (23).pdf | 14 Jan 2025 |
| Building plan approvalFile: 5 Building Plan Approval _ NA Order for plotted development (22).pdf | 14 Jan 2025 |
| Building plan approvalFile: 6 Building Plan Approval _ NA Order for plotted development (19).pdf | 14 Jan 2025 |
| Building plan approvalFile: 7 Building Plan Approval _ NA Order for plotted development (17).pdf | 14 Jan 2025 |
| Building plan approvalFile: 8 Building Plan Approval _ NA Order for plotted development (14).pdf | 14 Jan 2025 |
| PAN CardFile: 1 PAN Card (64).pdf | 14 Jan 2025 |
| Copy of the legal title reportFile: 1 Copy of the legal title report (69).pdf | 14 Jan 2025 |
| Details of encumbrances concerned to FinanceFile: legal vtp final.pdf | 14 Jan 2025 |
| Details of encumbrances concerned to FinanceFile: ENC WRT FINANCE.pdf | 14 Jan 2025 |
| Copy of Layout Approval (in case of layout)File: Master Layout - VTP Monarque Phase II.pdf | 14 Jan 2025 |
| Proforma of Allotment letterFile: 1 Proforma of Allotment letter (61).pdf | 14 Jan 2025 |
| Declaration in FORM BFile: FORM B- MEXUS 11022025 (1)_rotated.pdf | 14 Jan 2025 |
| Commencement Certificates / NA Order for plotted developmentFile: 1 Commencement Certificates _ NA Order for plotted development (48).pdf | 14 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: 3 Building Plan Approval _ NA Order for plotted development (30).pdf | 14 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: 8 Building Plan Approval _ NA Order for plotted development (14).pdf | 14 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: 7 Building Plan Approval _ NA Order for plotted development (17).pdf | 14 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: 6 Building Plan Approval _ NA Order for plotted development (19).pdf | 14 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: 5 Building Plan Approval _ NA Order for plotted development (22).pdf | 14 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: 4 Building Plan Approval _ NA Order for plotted development (23).pdf | 14 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: 2 Building Plan Approval _ NA Order for plotted development (37).pdf | 14 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: Master Layout - VTP Monarque Phase II.pdf | 14 Jan 2025 |
| Other - LegalFile: 5 Other - Legal (10).pdf | 14 Jan 2025 |
| Other - LegalFile: 3 Other - Legal (18).pdf | 14 Jan 2025 |
| Other - LegalFile: 2 Other - Legal (20).pdf | 14 Jan 2025 |
| Other - LegalFile: 1 Other - Legal (33).pdf | 14 Jan 2025 |
| Other - LegalFile: 4 Other - Legal.pdf | 14 Jan 2025 |
| Declaration about Commencement CertificateFile: format d- vtp final.pdf | 14 Jan 2025 |
| CERSAI detailsFile: organized (51).pdf | 14 Jan 2025 |
| Declaration about all RERA Designated Bank Accounts (Format A)File: Format A (9).pdf | 14 Jan 2025 |
| Deviation Report with respect to Allotment letterFile: DEVIATION WRT ALLOTEMENT LETTER (2).pdf | 14 Jan 2025 |
| Details of encumbrances concerned to LegalFile: ENC WRT FINANCE.pdf | 14 Jan 2025 |
| Details of encumbrances concerned to LegalFile: legal vtp final.pdf | 14 Jan 2025 |
| Other - FinanceFile: land declaration (1).pdf | 14 Jan 2025 |
| Other - TechnicalFile: 1 Other - Technical (95).pdf | 14 Jan 2025 |
| Deviation Report with respect to model copy of AgreementFile: organized (53).pdf | 14 Jan 2025 |
| Proforma of Agreement for saleFile: 1 Proforma of Agreement for sale (97).pdf | 14 Jan 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: organized (52).pdf | 14 Jan 2025 |
| Letter from the bank regarding the opening of RERA Designated Bank Accounts (Format B)File: Format B- Bank Declaration (1).pdf | 14 Jan 2025 |
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Buyer report
Built from this project's filings on the day you order, in plain language.
- 3 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 3 other registrations, which the RERA portal never shows together
- All 68 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
Project watch
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Builder: MEXUS REAL ESTATE DEVELOPERS LLP
MEXUS REAL ESTATE DEVELOPERS LLP has 4 registrations on MahaRERA, including MONARQUE BY VTP LUXE PHASE 1 and VTP VOLARE. Its filings disclose 1 earlier MahaRERA project, none completed yet. Litigation is declared on 3 of its registrations. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What are my rights if MONARQUE BY VTP LUXE PHASE 2 is delayed beyond 31 Dec 2029?
Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, or exit and claim a full refund with interest. In Maharashtra the rate is SBI's highest MCLR plus 2 percent, currently 10.90% per annum (June 2026). The free delay interest calculator on ReraGenie puts a rupee figure on any delay. Claims are filed as MahaRERA complaints with a Rs 5,000 fee.
How do I verify and contact the developer of MONARQUE BY VTP LUXE PHASE 2?
The registered promoter entity is MEXUS REAL ESTATE DEVELOPERS LLP, a partnership as per the filing. Neither this filing nor this promoter's other MahaRERA registrations disclose a CIN, LLPIN or GSTIN for this entity. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's MahaRERA listing (scan the QR code on any advertisement) and in its filed documents. The Rs 499 buyer report includes all of them as a single ZIP, foldered by type.
Is my payment protected in MONARQUE BY VTP LUXE PHASE 2?
Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses; since July 2024 MahaRERA requires a three-account structure for collections. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.
How do I read the complaint cases filed against MONARQUE BY VTP LUXE PHASE 2?
Each case number above is a complaint MahaRERA hears in public. On the MahaRERA website, open Complaint Details and search the CC number: the order PDFs, hearing dates and disposal status are free to download. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.
How current is the construction progress shown for MONARQUE BY VTP LUXE PHASE 2?
Promoters must file a quarterly progress report within 20 days of each quarter end, certified by the architect (Form 1), engineer (Form 2) and chartered accountant (Form 3). The figures above come from the latest filing, so they can trail the site by up to a quarter. A promoter who stops filing QPRs altogether invites penalties under section 61, and a stale filing date is itself a warning sign worth checking on the portal.
Who certifies construction progress at MONARQUE BY VTP LUXE PHASE 2?
The professionals named in the filing: Architect: Vk:a architecture; Architect: ANA Consortium Pvt Ltd; Engineer: GA Bhilare Consultants Pvt Ltd; Engineer: SHITAL KADAM; Engineer: Vinay Abhyankar; Chartered Accountant: SAC & Co LLP. Their Form 1 (architect), Form 2 (engineer) and Form 3 (chartered accountant) certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.
What should I check before booking in MONARQUE BY VTP LUXE PHASE 2?
Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area (the model agreement allows only a 3 percent variation, with a refund right below that); that the agreement follows MahaRERA's model clauses with deviations highlighted; how the declared litigation on this registration affects your risk; whether construction progress keeps pace with sales in the coming quarters. The Rs 499 buyer report works through all of them from the filings.
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