Mantri Webcity

Mantri Webcity

Mantri Webcity is a standout amongst the most inventive undertakings by Mantri Developers, situated at Hennur Main street, Bangalore. Mantri Webcity is the first techno private venture roused by new age advances like Nano innovation, mechanical autonomy, distributed computing and so on. It’s a task with immaculate mix of innovation & solace. Mantri Webcity is one of the private improvement of Mantri Developers, situated in Bangalore. It offers roomy and skillfully composed 2BHK and 3BHK condo and penthouses.

The undertaking is very much furnished with all current enhancements and 24X7 security administration to encourage the needs of the occupants. Mantri Webcity is the first techno private venture motivated by new age advancements like Nano innovation, apply autonomy, distributed computing and so forth. It’s a venture with impeccable mix of innovation & solace. We are utilizing advances to get extraordinary encounters to our inhabitants with establishment of shrewd and intuitive highlights like intelligent lifts, computerized foldable screens, advanced library, Music Walls, Water tickers, and so on…  this would change the way you envisioned about your living spaces.

Sprawling over sections of land of area, settled in the nexus of IT firms and different organizations, tastefully composed homes mixed with web components, one of its kind finished greenhouses, asphalts, resplendent wellsprings, sections of land of greenery, tweet stops and numerous all the more such things in the web city would abandon you awestruck & change the way you mingle, appreciate, investigate and enhance. Mantri Webcity goes for keep its occupants associated and associate in the group where they are living by joining the long range interpersonal communication components in their day by day life.

Knight Frank Research says Bangalore North will witness a supply of around 10,000 private units interpreting into 20 million sft before the current year’s over. A considerable measure of development towards Manyata Embassy Business Park, an IT SEZ situated on the Outer Ring Road and near to Hebbal, has supported the micro markets running along the whole extend Companies like IBM, Target and Cognizant have extensive operations in this park. The recreation center has 70,000 IT workers now and this number is relied upon to go up-to 1.20 lakh when the whole 18.29 million sft is produced through the following three years.

Set up in 1999, Mantri Group is a key land player conveying world-class business ventures, IT stops, private properties and shopping edifices. In a short compass of time, the designer has effectively conveyed more than 6,000 private homes and propelled more than 20 tasks. Mantri Builders is known for building the first ultra-extravagance private lofts with complete 360 degree see in the year 2003. Mantri Developers are an innovator in the Indian land division with the development of world-class private ventures in distinctive urban areas, including Chennai, Bangalore and Hyderabad. With a plan to extend its client base in the advancing years, the prestigious developer arrangements to concentrate all the more on friendliness, private, instructive establishments, IT stops and retail part in Pune, Hyderabad, Chennai and Bangalore.

Question : Do you think it is safe to invest in Mantri Webcity’s 80:20 scheme along with 100% assured returns in 3 years. Has Mantri done this kind of promotion before and if yes do they pay the pre EMI on time ?

Answer : I advise you to get ahead with regular scheme.

Mantri Webcity Bangalore sprawls across a colossal area of exuberance, which ensures that life is never separated from the nature. Aesthetically designed landscaped gardens, pavements, ornate fountains and tweet parks are some of the attractive features of the project. Hi-end specifications are visible at all levels of the project, with even the common areas being installed with intelligent and interactive features like interactive elevators, digital foldable screens, digital library, music walls, water clocks etc.

Mantri Webcity – Amenities

Imperial amenities and facilities that are aimed for revolutionizing one’s lifestyle and opening up different options of socializing, enjoying, exploring and innovating, are provided ar Mantri WebCity. Listed below are few of the indoor and outdoor amenities/facilities featured by Mantri Webcity :

Indoor amenities / Clubhouse

  • A well-equipped Health Club
  • Gymnasium
  •  Steam, sauna and massage room (Separate for Ladies and Gents)
  • Squash court
  • Table Tennis Tables
  • Pool Table
  • Indoor Badminton Court
  • Chess/carom and other indoor games
  • TV room & Mini Theater with surround sound system
  • Crafts & Creativity room
  • Karaoke Room/ Dance/Aerobics floor with music system
  • Meditation/Yoga hall
  • Beauty Parlor / hair salon (Unisex)
  • Cafeteria
  • Tele Medicine/Health center
  • Business Centre
  • Prop care office
  • ATM of leading Banks
  • Convenience Store
  • Day Care for the kids and the Elderly
  • Multipurpose hall/Banquette Hall
  • Library/reading room
  • Laundromat
  • Concierge

Outdoor Amenities

  •  Swimming pool with a toddler’s pool
  • Children’s Play Areas
  • Open Amphitheatre
  • Outdoor Party Area with Barbeque Pits
  • Tennis court
  • Entrance plaza
  • Paved garden walk
  • Basketball post

Mantri Webcity – Location Map


View Larger Map

Mantri Webcity – Current Price, Options and Possession

  • Rate per Sq Ft  – 5190 Rs.
  • Booking Amount – Car Parking Charges or including car parking
  • BHK Options – 2 BHK and 3 BHK
  • Size – 965 Sq Ft to 1740 Sq Ft
  • Possession : 2016 onwards

Mantri Webcity – Project Area, Open Space and Key Highlights

  • Project Total Area – 44 Acres.
  • Total Units – 272 in 4 towers
  • Total Open Space – 80%

Mantri Webcity – Project Specification

Structure:

  • Earthquake resistance – Seismic zone II compliant RCC framed structure
  • Concrete Block Masonry

Plastering:

  • All internal walls will be smoothly plastered with lime rendering
  • Ceiling cornices in foyer, living and dining areas

Painting:

  • Interior-2 coat Acrylic emulsion paint with roller finish
  • Exterior- External emulsion paint
  • Ceiling- Oil bound distemper

Flooring:

  • Living, dining, family, kitchen and bedrooms- Vitrified tile flooring (2ft x 2ft)
  • Utility , Balcony & Terrace- Anti skid Ceramic tile flooring

Toilets:

  • Designer Ceramic tiles flooring and cladding up to false ceiling
  • White EWC in all toilets of Hindware or equivalent make
  • White WHB of Hindware or equivalent make and mirror in all the toilets
  • Hot and cold water mixer unit for shower of Jaquar or equivalent make in all the toilets
  • Health Faucet in all the toilets
  • Master control Cock in all the toilets from outside
  • Provision for Geyser in all the toilets
  • Good quality CP fittings of Jaquar or equivalent
  • Large sized toilet ventilators made of powder coated aluminium/UPVC with translucent glass fitted with exhaust fan

Plumbing:

  • Plumbing lines are pressure tested
  • Water supply lines are of CPVC/GI of reputed make

Mantri Webcity – Master Plan

mantri webcity-master plan

Mantri Webcity – Sq.ft Size, Total Cost and Booking Amount

Unit Type Size (Sqft) Price Booking Amount
2 BHK 950 Sqft 49.30 Lacs 5,13,550
2 BHK 1010 Sqft 52.41 Lacs 5,44,090
3 BHK 1250 Sqft 64.87 Lacs 6,66,250
3 BHK 1260 Sqft 65.39 Lacs 6,71,340

Mantri Webcity – Accessibility and Key Distances

An enviable connectivity to all major parts of the city is offered to the residents at Mantri Webcity, which is set up on the Hennur Road. Mantri Webcity  is surrounded by a number of reputed educational institutions, hospitals and a number of famous malls and restaurants, adding to the joy and comfort of living. Some of the key distances of from the project are:

  • Alpha College Of Engineering           :           2km
  • Yelahanka Railway Junction             :           10.7 km
  • Southern Asia Bible College              :           850 m
  • Columbia Asia Hospital – Hebbal     :           14.8km
  • Jakkur Flying Training School          :           11.4km
  • Bangalore International School        :           3.6km

Mantri Webcity – Floor Plan

mantri webcity floor plan1

mantri webcity floor plan2

Mantri Webcity – Neighborhood

Nearby Schools:

  • Legacy School Bangalore – 1.1 km
  • Southern Asia Bible College – 170 mts
  • Poorna Prajna Education Center – 240 mts
  • Bangalore International School – 2.9 kms
  • United International School – 1.3 kms
  • Rashtrothana Vidya Kendra – 1.8 kms
  • Kristu Jayanti College – 1.9 kms
  • Kns Institute Of Technology – 2.3 kms
  • Many more…

Nearby Hospitals:

  • Home Of Hope – 1 km
  • Trinity Nursing Home – 2.1 km
  • Columbia Asia Hospital – Hebbal – 6.6 kms
  • Koshy’s Hospital – 6.4 kms
  • Bangalore Baptist Hospital – 7.8 kms
  • Many more…

Nearby Workplaces:

  • Manyata embassy business park – 9 kms
  • Stylusinc – 5.9 kms
  • Ambara Software Technologies Private Limited – 5.6 kms
  • Integra Micro Systems – 7 kms
  • Consona Software India Private Limited – 15 kms
  • Many more…

Nearby Shopping Malls, Banks and Restaurants: All within 2 kms

Mantri Webcity – Surrounding Development

Increased industrial activity and proximity to IT belts has led to a rise in demand for homes in the Hennur Road micro-market. With a wide range of reasonably-priced housing options, this belt is emerging as a key area for both investors and end users

Areas that were earlier considered outskirts have witnessed rapid growth, owing to demand from an increasing working population looking at settling close to their workplaces. The Hennur Road belt, over the last three to four years, developed as a residential hub.

Hennur Road, Thanisandra Road These stretches have grown in tandem with each other, since they are in close proximity and run parallel. Mid segment residential property demand owing to proximity to locations such as Hebbal, the ORR and Old Madras Road, has led to the development of these areas.

Hebbal and Bellary Road residential property markets are charac terised by high-end apartments with three and four-bedroom configurations and average unit sizes of 1,800-3,000 sqft and 3,500-5,500 sqft respectively. Yelahanka, Thanisandra Road and Hennur Road primarily have midsegment apartments with two and three-bedroom configurations and average unit sizes of 1,050-1,400 sqft and 1,400-1,950 sqft.

Under-construction residential property stock in the north currently amounts to nearly 40,000 units, which are expected to be infused in the market over the next 2-3 years. In Hebbal, Bellary Road and Devanahalli, the value appreciation potential is expected to be around five percent per annum. For locations such as Yelahanka, Thanisandra Road and Hennur Road, appreciation is anticipated to be in the range of 5-10 percent annually.

Strategic location, good connectivity, access to the city’s infrastructure, and availability of land at relatively lower rates has brought the Hennur Road belt into focus.

With the focus of the city pointing to the north, the commercial property market is taking off in this belt. With large tracts of land available here and proximity to the airport, several corporates are looking at expansions and consolidation in this region. The total office space stock on Bellary Road, from Hebbal to the airport, is close to 0.40 million sqft. Under-construction space likely to be completed by the year-end is around 2.04 million sqft and space planned is around 23.03 million sqft. With companies initiating development of their campuses here, this micro-market is anticipated to gain more momentum by 2015. The prominent residential localities here are Banaswadi, HRBR Layout, Hennur Road, Thanisandra Main Road, Bellary Road, Yelahanka, Kogilu, Chokkanahalli, Bagalur Road, Doddaballapur Road, Yelahanka New Township and Jakkur. While luxury housing options are coming up around Hebbal, along Bellary Road and in surrounding localities, Hennur Main Road, Thanisandra Main Road, Yelahanka and Bagalur Road are witnessing the rise of midsegment options in the range of Rs 40-70 lakhs. The average unit size here ranges from 1,250-2,500 sqft for apartments and 2,500-4,500 sqft for villas. The capital values for Grade A apartments and villas ranges from Rs 3,800-11,500 per sqft. The average annual price appreciation is this region is around 11-18 percent. The average annual rental yield is around 4-7 percent.

Mantri Webcity – Buyer’s and Investment Advantages

  • Located in a well-established residential area
  • Close to schools, shopping malls & hospitals
  • Proximity to Metro stations
  • Vaastu Compliant.

Mantri Webcity – About Builder

Mantri Developers Pvt. Ltd established in 1999 by Mr. Sushil Mantri, the company has been the pioneering force behind the rapidly changing skyline of south India, with developments that span the residential, retail, commercial, education and hospitality sectors.

In just 15 years, the group, with the spirit of innovation at its core, has carved a niche for itself as an industry benchmark for quality, customer focus, robust engineering, in-house research, uncompromising business ethics and the unswerving commitment to timeless values and total transparency in every aspect of its business. These exceptional attributes have made Mantri Developers one of India’s most preferred real estate brands in south India.

Mantri Developers is committed towards developing ecologically sustainable projects, with a strong emphasis on environmental management and safety standards. The company is also in the forefront of using cutting-edge technological innovations like home automation systems to complement the state-of-the-art architecture of its smart home projects. Mantri Developers is now leveraging this expertise by foraying into competitive international markets such as Dubai, Singapore and the USA.

Real Estate Awards

  • Silicon India Real Estate Awards 2015 on June– Mantri Espana won for Best Ultra Luxury Project of the Year – East Bangalore.
  • Asia’s Best and Fastest Real Estate Brands 2014-2015 May – Mantri Developers (Mantri Pinnacle) won Asia’s Fastest Growing Real Estate Brand Awards.
  • Mantri Insignia- Certificate of Merit for the Most awarded loyalty program in the real estate sector.
  • Mantri Signature Villas- Certificate of Merit for the most admired upcoming project of the year.
  • Unified Video Chat Solutio- Certificate of Merit for the innovative real estate marketing campaign of the year.

Reader’s Please share your opinion about this project.

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Builder
Mantri Developers
Property
Mantri Webcity
Price
INR 5990
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31 Comments added. Join the Discussion

  1. mohit bansal

    we have booked flat in tower M in buy back scheme .since past 8 months our EMI is not coming to our account and mantri officails are not replying to our phone calls and mails.they were suppose to return our money by april 2017 but they are not giving any answers .it looks like mantri is a big cheater and eating common people money.
    Also i dont understand how can PNB give full amount to mantri before construction when the rules says housing loans have to disbursed based on construction pace.

  2. sathva

    Mantri Developers’ No EMI Scheme : Beware
    Mantri developers has put hoardings in Bangalore and full page newspaper ads about a “NO EMI offer” in three of their projects (refer attachment). This might be too tempting to invest.

    First. this is not the first time Mantri Developers is offering this scheme. This scheme was first offered in 2013-2014 time frame. And despite cheating customers through this scheme earlier, they’re still continuing to offer this scheme in the market. I am posting this message in the interest of general public to warn buyers about this ponzy scheme.

    The way the scam works is like this. You will pay a down payment. You will then get a loan for the rest of the flat cost and give the loan money to Mantri as a lumpsum amount upfront. Mantri Developers will assure you that they will pay pre-emi for the loan till possession. They will also give you an agreement in a sheet of paper that they will pay the pre-emi.

    In reality, Mantri developers will stop paying the pre-emi after few months. And since the loan is in your name, if you dont pay the pre-emi then your loan will default and your CIBIL score will decrease.

    There are 100s of consumers who bought flats in Mantri’s projects in 2014-2015 time frame in the No-EMI offer scheme. Mantri developers has not paid 7 months pre-emi for all of them currently. Several people couldn’t bear the cash crunch and have defaulted on their EMI. Those buyers who defaulted have also received legal notice from the bank for the default. Their CIBIL score has gone for a loss.

    Moreover the original agreement was that the builder will pay pre-emi till a certain possession date. Now the possession date for all webcity towers has been delayed by more than 2-3 years. Builder is not continuing the pre-emi for the delayed period and buyers are forced to pay pre-emi during the delayed period.

    My advice to prospective buyers is to avoid buying flats in this scheme. The developer is exploiting the legal loopholes in our country to lure new buyers/customers to buy flats in this scheme. Would advice people to buy fully constructed flats that’s ready for registration and has proper OC instead of putting your hard earned money in such innovative schemes

  3. Sathyan

    I am an investor in Mantri Webcity Project Buyback scheme. 20% was paid as my initial contribution and 80% was released by PNBHFL bank as lump sum to the builder. Builder assured to pay the pre-emi every month and return 2x of the original contribution at the end of 3 years. We all invested in this scheme as this was floated by a so called reputed builder and backed by a national bank. Currently, I am sitting on a backlog of 5 month pre-emi that is yet to be paid by the builder. My buyback already ended in August 2016 and the builder has not returned the 2x of my original contribution yet. The so-called reputed Mantri builder has simply cheated and fooled customers in this 20:80 scheme. We’ve sent legal notice to the builder and as a next step filing a lawsuit on them for breach of contractual obligations. Unfortunately, in this country we have to resort to legal recourse to get our own money back. I would advise all potential customers/NRI buyers not to fall into this trap by Mantri builders.

    • mohit bansal

      hello sathyan, iam also one of cheated customer in these scheme and its getting very hard for us to pay emi to PNB while mantri is not sending us EMI from pat 8 months .
      please share your details so we can have a follow up pathway

  4. Hariom (8050001502)

    Hi,
    I have been to Mantri Webcity, as a project I like the floor plan.
    They have offered me 25-75 scheme.
    Better to invest with less value and watch the market.
    Property is good. I may go with least size and in future I will shift to higher size.
    need your opinion on this buy?

    • Sindhu

      Dont ever buy any mantri property. We had booked in parcel 1 and till date no bescom,no oc and now we have gone legal, because of which they are not allowing us to register too. after paying the entire money upfront. dont ever make the mistake of getting into this. stay far far away from it. tell your friends too never to invest in mantri. we are already going through a lot of mental trauma because of this investment

      • Vijin (00447880226157)

        Hi Sidhu
        I’m an unfortunate customer of websity P2 and a few of us are going to file a case against them shortly. Appreciate it if you could elaborate on your situation a little bit. What is the status?
        Thanks

        • Ajay

          Hi Vijin,

          We have invested in Parcel 2; infact just paid the booking amount. Could you please share the issue you are facing; it will help us take a decision.
          Looking forward to your response.

          • Vijin

            Sorry for the late response, Ajay. I bought a 2-bedroom flat in Parcel 2 in 2014. The handover was supposed to happen in April 2017. Now here I am, as they have moved the completion to 2019 August. They are unprofessional, and quite frankly, swindling money from customers using false promises.

            • Jacob

              Hi Vijin,

              did you get any update from Mantri. I recently enquired about a 3 BHK and they said that Parcel 2 will be ready by end of 2019.

    • Mrs Menon

      Dont ever buy any mantri property. We had booked in parcel 1 and till date no bescom,no oc and now we have gone legal, because of which they are not allowing us to register too. after paying the entire money upfront. dont ever make the mistake of getting into this. stay far far away from it. tell your friends too never to invest in mantri. we are already going through a lot of mental trauma because of this investment

  5. Radha

    Hi,
    Please stay away from mantri webcity. It is the biggest scam that you will ever fall into. Their schemes might just feel very attractive but they are just meant you cheat you. Even we got into the project with the no pre-emi scheme. They are defaulting the payments and not bothering to answer you, also the project is delayed by 2.5 years!!! You would just feel helpless as you would have paid all your money. My sincere suggestion, please don’t get into it thinking they are reputed.

  6. Ranganath

    Plz let me know the best available option in Bangalore for investment in this area with a budget of 60 L.

  7. Saju

    Hi All,
    Everything about Mantri Webcity will look very lucrative but the fact is different. I have booked there in May 2013, under pre EMI, I was suppose to get possession by April 2015, now there is no Pre EMI and there is no communication on when the project will be completed and when they will give possession. We as a group have been sending communication to their management from month of Nov 2014, by now good number of reminders were send, they don’t bother to reply to your concerns. Mantri management is only interested in getting new customers once you pay you are trapped by signing an agreement where if you withdraw they will deduct some percentage of the money paid by you. as per the agreement. Thei agreement itself is very ridiculous, in my agreement the date of possession is April 2015, my friend who booked after me in a floor lower than mine got date of possession as Dec 2015 in his agreement. And there are many such blunders by them.

    I booked with the belief that Mantri is a brand I can trust, but now I realize this is a honey trap. So I suggest think twice before you decide.

  8. Mani S

    Is the 20:80 scheme still available? Can anyone tell me if this subvention scheme really works out good for the customer or builder. Because all the builders are charging more if there is a 20:80 scheme.

    • Saju

      Hi Mani,

      The 20:80 schema is still there with Mantri webcity. But remember these schemes are among the different tactics used to get 100% money upfront from the customer before the construction of flat. Once the money is paid to Mantri then you will see the following
      1) Delay in preEMI payments, by Mantri where you need to accurately maintain the
      2) No response for any query regarding the your concerns.
      3) Each time you visit Mantri office you will find new person assigned responsibility of the Mantri webcity project, so you end up explaining from begining on your concerns.
      4) Once you login to social networking sites, you can easily join some mantri webcity groups and share your frustrations and pursue your concerns with Mantri as a group.

      Regards,
      Saju

    • Mr. Praveen

      Hi Rajeev

      I feel they are going to come up with signatures tower with higher dimensions. The current dimensions are very small so as its a big project they might come up with the customer requirements in the later stage of the project.

  9. Dhamani

    Mantri Webcity executives are saying that there is going to be a commercial mall like Mantri mall in malleshwaram. Is it true?

    • If u see that location it has lot of potential because of the residential development where you can see orchid footprints, salarpuria gold summit and Aspire all getting ready for move in span of one year. So their will be a mall coming up.

  10. Devamsh

    Mantri Webcity Parcel 1 got delayed by almost a year and there has been comments that project got delayed because of some legal complications. Can someone elaborate ?

    • Shruthi - PropReview Team

      Hi Devamsh,

      The project got delayed because of a huge rock which was found while digging the land. Regarding the legal complications there is nothing as such. As there was a big rock in the project they have to blast the rocks with which there were some damages to the near by properties so there was a issue with that where the citizens compliant about it. They have to sort it out and then they started the construction. Now construction is going in full swing and there is no issues as of now.

      • Saju

        Hi Shruthi,

        This information is not correct. The rock issue was for phase 3 & 2 and not for phase 1. There was no huge rock found during the construction of phase 1 because I was regularly visiting Mantri webcity site office.

        Regards,
        Saju

  11. Kiran12

    Can you please update me more on the PRE-EMI offer and also how good is this project for an investment. Will my investment double during the time of possession.

    • san1234

      There are lot of developments happening towards north Bangalore. Most of the residential townships are now planned towards this area, this is mainly because of various development plans projected by the government. Once residential movement happens, i.e once people start staying in this location. The investment will start doubling… I also own an apartment here.

  12. santosh

    Hi Vijay,

    I am looking for property in hennur road area for investment purpose but confused between mantri webcity and purva palm beach which one you will recommend.

    Regards
    santosh

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