Mantri Energia, Bangalore- New Iconic Structure in Bangalore

Mantri Developers, one of the leading real estate developers in South India has announced the pre-launch of their new residential project- Mantri Energia. Established in 1999, Mantri developers is involved in the development of residential projects, IT Parks, shopping complexes, commercial building and educational institutions which spread over 20 million sq. ft. Also, Mantri has an enviable track record of having delivered 1.4 homes on an average, every single day.

The pre-launch price of Mantri Energia is Rs. 5,590 per sq.ft. Is the price offered justified? What is the project all about? Let us explore:

Project Location

Manti Energia is located inside Manyata Tech Park, Hebbal and adjacent to Mantri Lithos. It is bang on the Outer Ring Road which connects to BIAL towards the north and Bangalore city towards the south.

The Hebbal flyover is 4.4 kilometers and the CBD (Central Business District) areas is 8 kilometers away from here. The Bangalore International Airport is only 40 minutes away via NH7.

Infrastructure

With well-developed infrastructure, good connectivity and presence of several business parks, Hebbal has become a preferred destination for those who wish to own an address in Bangalore. Also, the area is popular among IT professionals as Hebbal is a part of Outer Ring Road stretch which contributes around 25% of the total IT office space in Bangalore and is expected to grow significantly with more IT companies moving in this area.

Social Infrastructure

Famous hospitals in the area include Rajiv Gandhi International Hospital, Columbia Asia Hospital, Government Medical Center and S M Hospital. Rajiv Gandhi Institute of Technology, Kenneth George English School and Air force School are some of the famous educational institutions located here.

Product

Sprawling over 13 acres of land, Mantri Energia offers 889 units of 1BHK, 2BHK and 3BHK apartments. Out of the total number of units, 2 units are for 1BHK, 332 units are for 2BHK and 555 units are for 3BHK. The SBUA of 2BHK apartment is 965 sq.ft., SBUA of 3BHK apartment is 1,230 sq.ft. and SBUA of 3BHK apartment ranges between 1,325 and 1,330 sq.ft. There will be 10 towers in total, out of which 3 towers are of 18 floors each.

It is useful to compare the density of Mantri Energia with Mantri Lithos, the two being situated very close to each other. Mantri Energia is offering 889 units in an area of 13 acres, which brings apartment density to 68 flats per acre of land, whereas Mantri Lithos is offering 534 in an area of 6 acres, thus having a higher density of 89 flats per acre of land.

On the flipside, many customers have raised a question that Mantri Developers has a record of not delivering their projects on time. Webcity by Mantri Group is one of the prime examples of possession delay. People who have invested in this pre-launch project complain that builder has collected 90% of the money within the first 1-1.5 years, after which they are taking their own time to complete the project. This is so because they are not in any particular hurry to get the remaining 5 or 10 percent of the money.

Hence, checking the builder's track record and talking to actual customers will be a good idea before deciding to invest in this new launch.

Amenities

A few of the amenities at Mantri Energia are mentioned below:

• Children's play area
• Outdoor gymnasium
• Cycle Track
• Basketball court
• Jogging/walking track
• Club house
• Mini theatre
• Multipurpose hall

Here is a comparison of the prices of Mantri Energia with Mantri Lithos, with both projects currently in the initial stages. Mantri Energia is priced at Rs. 5,590 per sq.ft. whereas Mantri Lithos is available at Rs. 6,290 for 2/3 BHK and Rs. 7,350 per sq.ft. for 3BHK penthouse. This shows that the Mantri Energia is attractively priced in comparison to Lithos. Some other projects located nearby are Prestige Misty Waters, priced at Rs. 6,112 per sq.ft., Godrej Platinum, priced at Rs. 7,793 per sq.ft. and G Corp The Icon, priced at Rs. 5,464 per sq.ft.

Thus, Mantri Energia at Rs. 5,590 per sq.ft is at the lower end of the locality price spectrum as compared to the average property price in Hebbal, which is Rs. 7,075 per sq.ft.

We suggest you to make a quick decision in order to benefit from this attractive opportunity. The prices are expected to increase in the near future due to its premium location and closeness to IT Parks and international airport.

Overall Recommendations

This is a good option for both investors and end users who are looking for good appreciation in the property price. If you have any reviews about the project do share with us in the comment box below.