Mantri Serenity in Kanakapura Road, Bangalore

Mantri Serenity in Kanakapura Road, Bangalore

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Key facts

Mantri Serenity is a 2 BHK project by Mantri Developers in Kanakapura Road, Bangalore, with 2700 units across 19.6 Acres, priced from ₹1.14 Cr to ₹1.39 Cr, now sold out (updated 28 Oct 2026).

Reviewed by Harish Achar, Founder, Homz N Space (RERA Agent Reg. No: PRM/KA/RERA/1251/310/AG/170824/000174)

Price range
₹1.14 Cr to ₹1.39 CrSold out
Configurations
2 BHK
Possession
From 2020 (phased)
Location
Kanakapura Road, Bangalore
More details
Builder
Mantri Developers
Land area & towers
19.6 Acres · 6 Blocks, G+28,29 Floors
Units
2700 Units

More about Mantri Serenity

Mantri Serenity is the new residential Apartment project launched in Kanakapura Road, Bangalore.

The residential enclave Mantri Serenity features the very best in Mantri Developers’ luxury living segment. The project offers spacious Apartments with luxurious features.

Beautiful landscapes all around Mantri Serenity makes it more special & Elite.

The builder is guaranteed to bring a quality living experience to the community of Kanakapura Road, South Bangalore with brilliant architecture and equivalent lifestyle in Mantri Serenity.

Mantri Serenity Location has excellent connectivity & it is located at the crux of Kanakapura Road near existing and upcoming communities & facilities.

Amenities at Mantri Serenity include a fully equipped clubhouse, landscaped gardens, gymnasium, swimming pool, recreation rooms, outdoor sports courts, children’s play area, party hall, and meticulously planned with utmost importance to state-of-the-art 24/7 securities.

Mantri Serenity Reviews, Address and Availability

Mantri Serenity address: Kanakapura Rd, Doddakallasandra, Bengaluru, Karnataka 560062.

For an honest review, see the pros and cons in Mantri Serenity Reviews and Expert Opinions below, covering location, connectivity, pricing and what is still developing nearby.

Is Mantri Serenity still available?

Mantri Serenity is sold out from the builder, so new units are no longer available directly. Fill the enquiry form on this page and our team will suggest similar new projects nearby, with current prices and offers.

Looking for a new home near Kanakapura Road instead? These projects are available now: HM Indigo (JP Nagar, 2 and 3 BHK from Rs. 99 L); Aparna Wonder Woods (Kanakapura Road, 2, 2.5 and 3 BHK from Rs. 1.25 Cr); Purva Codename Diamond (Kanakapura Road, 3 and 3.5 BHK from Rs. 2.7 Cr); Amberstone Codename Lake One (JP Nagar, 2, 2.5 and 3 BHK from Rs. 1.1 Cr).

Mantri Serenity Configuration

Unit TypeSize in Sq.Ft
2 BHK1025
2 BHK1040
2 BHK1260
3 BHK1275
3 BHK1280
3 BHK1290

This Project Is Sold Out

There are NO UNITS AVAILABLE directly from the builder for this project. Let us find you other Available projects just like this one.

Location of Mantri Serenity

Mantri Serenity · Kanakapura Road

Kanakapura Rd, Doddakallasandra, Bengaluru, Karnataka 560062

Open in Google Maps
  • 5.6kmto Banashankari
  • 10.3kmto City Railway Station
  • 13.6kmto Electronic City
More about the location

Mantri Serenity is on Kanakapura Road, South Bangalore, right by Kanakapura Road and about 3 km from the NICE Road. Banashankari is about 5.6 km, City Railway Station is about 10.3 km, Electronic City is about 13.6 km and KR Puram Railway Station is about 18.5 km away, measured in a straight line. The nearest Namma Metro line is the operational Green Line, under 1 km from the project. Neighbouring localities include Uttarahalli, Anjanapura and JP Nagar.

Distances are straight-line from the project’s mapped location. Drive time is longer and depends on route and traffic, so check the commute from your own starting point in Google Maps.

Master Plan & Floor Plans - Mantri Serenity

Mantri Serenity Specifications

Structure

  • RCC framed structure Building.
  • Concrete Solid Block Masonry (Int & Ext) - 200MM Exterior walls, 100MM Interior walls.

Flooring

  • Vitrified Flooring in Living, Dining (Premium).
  • Anti Skid Ceramic Tile flooring (premium).

Doors

  • Main door - Engineered door frame with veneer finished shutter with good quality hardware and security eye.
  • Bathroom doors - High Standard door frame with a shutter of veneer finish outside and laminated finish inside with good quality hinges and thumb-turn lock.

Plumbing and Sanitary

  • Premium branded CP fittings (Roca/Jaguar/Kohler/American standards/Grohe/Moen or equivalent) and sanitary fixtures (Kohler/Toto/Roca/Hindware/Jaguar/Parryware/American standards or equivalent).
  • Rainwater Harvesting drain pipes included.

Security

  • Automatic passenger lifts are provided in each block with emergency phone facility connected to security cabin with D. G. backup.
  • Round the clock security with intercom facility.
  • CCTV Camera at all vantage points.

Electrical

  • Grid Power from BESCOM for each home.
  • Premium Modular switches.
  • Copper electrical wiring all throughout via concealed conduits.
  • 100 percent D.G. back-up for common area lighting, pumps, and lifts.

Mantri Serenity Amenities

  • Gymnasium
  • Clubhouse
  • Swimming Pool
  • Games Room
  • Activity Area
  • Jogging Track
  • Outdoor Courts
  • Table Tennis
  • Landscaped Gardens
  • Kids Play Area
  • Retail Spaces
  • Party Area
This Project Is Sold Out

Mantri Serenity Price

Unit Type Size in Sq.ft Approx. All Inclusive Price
2 BHK 1025 Rs. 1.14 Crore Onwards
2 BHK 1040 Rs. 1.16 Crore Onwards
2 BHK 1260 Rs. 1.39 Crore Onwards

There are no units available directly from the builder for this project.

Let us find you other available projects just like this one - or notify you if inventory reopens.

Mantri Serenity Reviews and Expert Opinions

  • Close Proximity to Kanakapura Road, NICE Junction, JP Nagar, Banashankari, Upcoming metro stations as well as existing communities of residents with health facilities, schools, and amenities in the immediate vicinity.
  • South Bangalore is fast developing and a highly sought-after area with the Project located in a strategically prime location which is good for Investment purpose and Self-use.
  • The Brand name of Mantri Developers is a good boost combined with Competitive Pricing and the project location.
  • Certain Traffic Bottlenecks during peak hours while accessing major parts of South Bangalore.
Share your Opinions and Concerns

Mantri Serenity vs Nearby Projects

How Mantri Serenity compares with similarly priced projects nearby. Prices are approximate all-inclusive starting prices.

DetailMantri SerenityThis projectAmberstone Codename Lake OneAparna Wonder Woods
Starting price₹1.14 Cr onwards₹1.1 Cr onwards (better)₹1.25 Cr onwards
Price range₹1.14 Cr to ₹1.39 Cr₹1.1 Cr to ₹1.72 Cr₹1.25 Cr to ₹2.03 Cr
Configuration2 BHK2, 2.5 and 3 BHK2, 2.5 and 3 BHK
PossessionFrom 2020 (phased) (better)Dec 2028 OnwardsFeb 2031 Onwards
Land area19.6 Acres (better)2.2 Acres14.9 Acres
Units2700 Units194 Units1261 Units
Towers6 Blocks, G+28,29 Floors3 Blocks, 2B+S+22 Floors5 Towers, G+28-30 Floors
BuilderMantri DevelopersAmberstone PropertiesAparna Constructions
LocationKanakapura RoadJP Nagar 9th Phase, AnjanapuraMallasandra, Kanakapura Road
StatusSold outAvailable (better)Available (better)

Better on this point: lower starting price, more land, earlier possession, RERA listed or available.

Compare in detailGet cost sheets for all 3

More projects near Kanakapura Road

More about the Builder - Mantri Developers

In the supremely dynamic and competitive sphere of property development, one name has consistently been a trail blazer, setting the trends for others to follow. The innovation-led, future-focused 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 16 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 now leveraging this expertise by foraying into competitive international markets such as Dubai, Singapore and the USA. Domestically though, it will continue to focus on residential, retail, office, hospitality, townships and educational institutions in the high-growth urban centres such as Bengaluru, Chennai, Hyderabad and Pune.

Ongoing

17 Projects

Upcoming

5 Projects

Completed

32 Projects

How to Book this Property?

Step 01 of 4

Fill the Enquiry Form

Our Representative will give you a call to understand your requirement and share the complete information of the property like: latest availability, Floor plans, Detailed pricing, Payment Schedule, etc. and help you in knowing the property better.

Step 02 of 4

Professional Assistance

We will schedule the site visits for inspection and help you in choosing the right unit based on your requirement. We also assist you in booking formalities and make sure we negotiate and get you the best deal from the developer.

Step 03 of 4

Booking Formalities

Professional Guidance to ensure Hassle-free paperwork while filling the Legal Documents. Make sure you carry the following documents to complete the Booking Formalities:

  • ID proof - Copy of DL / Passport / Adhaar / Voter ID
  • Copy of PAN Card, Passport sized Photo
  • Cheque Book [Online payment facility can be availed for NRIs]
Step 04 of 4

Booking Confirmation

You will be receiving an email confirmation regarding your booking from the Builder, followed by Allotment letter. There after CRM team will take it forward to keep you informed on project status and property registrations.

Check Latest Pricing Details

Frequently Asked Questions (FAQs)

What is the price of 2 BHK in Mantri Serenity?

The price of a 2 BHK unit starts from 114 Lakh Rupees onwards in this project.

What are all the Special Discounts or Offers available for this project?

Exclusive Group Buy Offer, Seasonal Schemes & Deals available ONLY through Homz N Space for special offers and deals. CALL 9590144144

Where is Serenity located in South Bangalore?

The project is located in Vasantha Nagar just off Kanakapura Road, JP Nagar, Banashankari, and NICE Junction. It's a developed area and is a Good investment option.

Mantri Serenity Reviews

3.5/5 (71 Reviews)
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Harish Achar

Top Advisory Expert

Harish Achar

Harish is the Founder of Homz N Space, a customer-centric real estate advisory platform serving homebuyers across Bangalore, Hyderabad, Chennai, Pune, Goa, Mumbai, Ahmedabad and other key Indian markets. With an MBA in Marketing and Operations from IFIM Business School and experience with brands such as DLF, Ajmera, and other major builders; Harish brings deep expertise in residential real estate, market strategy, project positioning, and customer advisory. His focus is on helping homebuyers and investors make confident, transparent, and well-informed property decisions through practical market insights, honest guidance, and curated group-buy opportunities that help customers access better value in select residential projects. At Homz N Space, he leads a team committed to delivering trusted, customer-first property advisory across India’s growing real estate markets.

Join the conversation

Share your perspective

286 comments

  2. Book together.Pay the group price.

    Developers give wholesale and group booking discounts when buyers come together. Homz N Space helps you join that group for this project.

    1. Reach us before you bookCall 9590144144 or send your details.
    2. We add you to the groupWe follow the developer's process for its group scheme.
    3. You book at the group priceWith zero brokerage from us.
    Add me to Group Buy Call 9590144144
    • Real-time inventory
    • Best availability
    • Unbiased reviews
    • Expert advice

    Reach us firstWe can only help if you contact us before booking, by the enquiry form or by phone. It is difficult to include you after booking, or if your enquiry is posted on many websites, as the developer's group scheme follows a set process.

  4. Mantr’s are no1fraudster. He has taken d full money from us &not paying pre emi interest. I have done biggest mistake by believing them. I wonder how can get away with this. Are there no any rules protecting the hapless buyers?

  5. pre-emi and buy back is fraud . Dont get into this project. Phase I buyers are waiting from last 7 years still no sign of handover. For Phase 2 the pre-emi payment is delayed for more than 4 months , meanwhile you have to pay your banks full amount of the emi. And no one responds from the Mantri .

  6. I have also booked a flat in Block 2 in 2011 & waiting for more than 2 years to get possession. We must all get together in one forum & put pressure on developer to handover the flats within next 2 months along with a compensation of Rs 10.per Sq ft / month from Feb 2014 till handover date.

  7. Hi,

    I visited Mantri Serenity today and looks like Block 2 is almost complete. I have been offered a Pre EMI scheme for Block 3, which I saw that construction has begun.
    But wanted to get an update on whether all the approvals are obtained and will they be able to deliver by Oct 2018 as they have promised for Block 3 now?
    Current price trend is 5990 /sqft.

    Please advise.

    1. Hi Joshi, my advise keep clear of Mantri. I am still waiting for apt in Block 2 which was supposed to have been handed over in Jan 2014. My advice buy a ready to occupy apartment, after I have burnt my fingers…

    2. There seems to be land issues regarding rajakaluve and still no absolute clarity on this, there are possibilities of bbmp digging papers in future and issues arising later…

    3. Hi Karteek Joshi,

      Builder has obtained all the approvals now…Hope project will be delivered as promised. But, Ideal to keep 6-8 months buffering time.

    4. Hi Harish

      There seems to be land issues regarding rajakaluve and still no absolute clarity on this, there are possibilities of bbmp digging papers in future and issues arising later…

  8. Hello,i totally agree with mr balaji!5 months ago i invested 10 lacs in buying a flat at mantri serenity(under some scheme)and after a while they tell us that we arnt eligible for a bank loan.they have been giving fake dates for the return of my money,but nobody is bothered there now!why do they even take a cheque before even knowing if we are eligible or not to raise a loan!this is ridiculous!please dont invest your money here!its a scam!and can anyone help me out of this?

  9. Hello

    I have booked the flat in Mantri serenity 5 years back and in my life,its the worst decision.From 2001,i have been Mantris growth and always wanted to buy one from mantri when i had some money.Once i saved the money and invested,its total nightmare. Everytime its nearing completion,they give fake dates and have not given possession even after 5 yrs.Our kids school plan,financial burden is increasing day by day and whats surprising is management has no commitment nor empathy for its customers.

    My sincere advise for folks who sees this ,please dont invest your hard earned money to such thugs.

  10. Mantri has lost its brand in bangalore becuase of delaysof all their projects in years not in months. They take the money from the buyers for the construction of their land and have invested that amount in buying other land and now they are bankrupt with cash and no financial institutions are lending them money and that is the reason they are offering interest to the buyers or PR-emi whatever they call only for 36 months. No guarantee that the building will be finished in 36 months. Beyond 36 months they do not pay the so called interest. No penalty clause for their delay. but there is a penalty clause for the late payment from the buyer. Mantri project in Uttarahalli is delayed for more than 3 years now. So Harish Achar what do you have to say about this.

  12. Hi Harish,
    I have already booked a flat in mantri serenity,
    And want to sell it now.
    What cost we will get for this?
    It’s in the block 2. And construction is almost complete.
    I will give the detailed description of the flat if there is any potential buyer.
    Archana

  13. Dear Harish
    (1) We read in the papers that’ Godrej properties are coming up in Kanakapura road
    Any news on this. As we stay abroad, we do not get much info and request you to please register us in your data base so that if any such projects come up we can contact you for the booking.
    (2) Any more new projects in Kanakapura road

    (3) what are your views on’ Concorde Napa Valley”
    Near Ashram
    (4) We want to line up some properties before we come to India to finalise
    Please share name and phone of your sales team as well

    thanks

    1. Hi Amalrao,

      Yes Godrej is planning to come up in Kanakapura Road but it will take some time. As of now there are no new projects which are launched in Kanakapura Road. Concorde Napa Valley is a decent Villa project and builder is quoting competitive price too. You can consider it.

    1. Hi Ravi,

      I would prefer Prestige Falcon City. Reason being, Location & Project Configuration.

  17. The mall excavation had started 3 months before. When I went last month for registering my flat in B Block I saw myself the excavation. Mantri also adjusted my payment the late delivery penalty for 13 months. Mantri is handing over to my furnishing contractor next week. I am also upset for the delay at Mantri end. Somehow the problem is coming to an end. Once Mantri hands over in next 2 weeks the A, B, C and D blocks, mantri credibility will get some improvement. The market is also improving and if they get more booking the cash flow will improve to facilitate Mantri to complete the Phase II

  19. Yesterday I visited the site. Excavation is going on in full swing…I was told tower 4 digging (3 levels ) is almost complete and 5th tower is in progress… Another good news is, excavation work for Mantry Mall across the road is also started…. On the approval front,I am told, it is through and they are waiting for the hard copy. Once, it is received, it will announced to all flat owners…

    1. Excavation?? ha ha ha… you are lying.. looks like you are Mantri’s employee…. Mantri has been proved a very big cheat and fraud for this project… look at the comments how ppl are looking to sell…

  20. Hello mr.harish,
    We have purchased a 3bhk ( 2080sq ft)flat in mantri serinity. We heard that, mantri has not got approval for other blocks due to some legal issues with the land is it true?

    Also if we plan to sell the flat, how much can I expect.

    1. Hi Psrao

      As far as we know, Approvals will take some more time,but project will get approvals. Incase if you have bought it for investment, get a buyer you can sell and invest in Godrej Eternity. You need to sell at a little competitive price than the builder rack rate.

    1. In the Mantri Serenity Website they have put up some pictures of excavation indicating beginning of Phase 2 construction. One needs to visit the site & get confirmation

  24. It is clearly a gross misconduct on Mantri’s part to avoid giving pre-emis beyond 3 years. I have received written confirmation from Mantri that approvals are still awaited and they are expecting it in another couple of months – same old story!!!!

    1. I lean that some excavation has started. But Mantri is silent on receipt of required approvals from BBMP for Phase 2 blocks. I feel that this is also one of the tricks played by Mantri in order to start pre-emi period to run for 3 years from now for those booked under pre-emi scheme. As Mr. Achar rightly said, Mantri is not transparent and they have been proving every time that they are not credible builders when compared to any ordinary builders who have come into the sector recently and in the recent past.

    1. I visited the site last Saturday n got the same promise…nothing has been done so far on the second block site….as for the approvals, it is still a promise from authorities…

  27. Thanks Ashwin for your valuable comment and feedback. I had invested in both Mantri Tranquil and Serenity and feeling the pain. I have seen enough promises from Mantri in the last few years. First, delay in Tranquil for number of years and then now on Serenity. My suggestion for people to wait until the construction starts or go for properties that are already complete or nearing completion. It’s worth paying few laks rather than going through all the agony and uncertainties what the current customers are going through.

  28. Hi Folks, I booked a 3BHK apartment in Mantri Serenity Phase 2 costing around 80L. I paid the 20% and bank release all but 1L loan to Mantri June 2013. I also paid the property TDS and gave receipt to Mantri. So as of now from my end only 1L is pending amount. But since project has never taken off as already mentioned above, and I think the status is the same to date. Every time they give new dates. As for the interest part I am getting the same but at times it has delayed by over a month (So need to lock and keep 2 months EMI in your account lest your ECS will bounce). Anyways as per a mail from them (Chandrika) in April (Ifor some reason I got mail in May only) we were offered option to cancel and I promptly applied for cancellation in May. It has been 5 months and I have made 100 calls and am following up on them to first close my bank loan and refund my money and it is still to be done. I dont know if there are issues with this property, but attitude of Mantri staff ever since I opted for cancellation doesn’t do good a for a reputed firm like theirs. So please be careful while booking though the property looks promising from Mantri marketing people’s angle, unless you have reserve money to put and wait endlessly you are good. Please note Phase 1 itself is yet to be completed and handed over.

  29. Hi Harish,

    Your review was misleading to some extent. You have mentioned that all statutory approvals have been obtained and even uploaded the pricelist for phase 2. If you could get the current approval status for phase 2 and keep the page updated, it will be of great help to everyone who have already booked an apartment at Serenity.

    Thanks,
    Balaji

  30. I am one of the investors in Mantri Serenity. It is since more than 1 year I have been hearing the same from Mantri officials that construction would start soon. God alone knows how soon is their “soon”. They are into outright fooling the people. I feel we have been trapped. Moreover, Mantri have put a rider in their agreement for cancellation that refund can only be done after the flat sold. How can we make sure whether they sold flat or not? There is absolutely no transparency.

  31. Balaji dont get trapped by Mantri Folks. You can check comments on Mantri Webcity where also people have commented same that they have promised that construction would start by end of this month or start of this week. Mantri Tranquil and Webcity is in legal trouble and who knows if this is also reason for delay in Serenity as well. Mantri Projets are no more recommendable in any cost. Go and cancel you booking ASAP to avoid get duped.

    1. Thanks Ash, I have postponed my purchase until the approvals are got. The marketing folks returned the booking amount cheque. The approvals are on the way is what they said but I will wait and book as I am interested in the project as it will surely be good when done. You could be right about the tranquil and webcity causing the delay.

  33. Hi Harish,

    I had gone to Serenity to book an apartment today. The marketing folks told me that the construction would start by the end of the month. I just gave a cheque and came. Please let me know if should go and collect it back tomorrow.

    Thanks,
    Balaji

  37. I had paid the entire amount of the apartment under the Pre EMI scheme. I have now read enough reviews to understand that the project has now been delayed by about 2 years. I am unable to withdraw from here since the builder has a rider attached to the withdrawal stating that he will return my money AFTER he sells of my aptment. I have no way of knowing when he sells it and if he is even trying to do that. I want to know if there are any legal issues in this and if there are, can I cite this and get the builder to return the money ASAP. The builder seems to taken the money and there is no penalty in this for him. I, as the consumer, am suffering.

  38. I had paid the entire amount of my apartment under the Pre EMI scheme. I have now read enough reviews to understand that the project has now been delayed by about 2 years. I am unable to withdraw from here since the builder has a rider attached to the withdrawal stating that he will return my money AFTER he sells off my aptment. I will have no way of knowing when he sells it and if he is even trying to do that. I want to know if there are any legal issues in this and if there are, can I cite this and get the builder to return the money ASAP. The builder seems to taken the money and there is no penalty in this for him. I, as the consumer, am suffering.

    1. Today, I received a reply from mantri serenity saying construction will start from 1st week of Oct 14. BBMP authorities hv already visited the site n assured of approval within 15 days time. It also says a new technology, tunnel form will be used for the construction to save lost time….

  41. Hi Harish, I was told that a legal battle has just started between Mantri Tranquil and BBMP regarding a small portion of land which BBMP claims as natural drainage line that existed as per the very old bangalore map. Court hearing is going on….My question is does anybody knows if a similar issue at Mantry serenity exists ? Is that the reason for delay in approvals? Also please let me know if any yahoo or what’s app group exists among serenity buyers that I can join..

    1. @ Keshav
      Yes, there are groups on Yahoo which are very active. Your doubt is very valid and as per one of the very strong roumer going on there might be a legal issue which is yet to be solved by the builder.
      @ Mr KN Chandrashekar
      any updates from your follow up Sir ? Please let us know we are all worried and feeling down after investing a huge sum of money.

  43. Hello Harish Achar,

    I kindly request you to share your views on the below points,

    1. I had freezed on Mantri Serenity; however after going through the fellow forum members comments on the delay in start of construction of Phase 2, I am not sure what to do?

    3. I was told that maintenance charges would be around 6.5k/month. Is it inline with other apartments or on the higher side?

    2. I am now considering Prestige Falcon City, considering the amenities I feel the maintenance charges would be prohibitive. Please let me know what might be the maintenance charges/month here.

    Thanking you in advance.
    Suhas

    1. Hi Suhas

      Its right decision to go for Falcon City. Considering the project transparency at Mantri serenity which is lacking, i would advice you to opt for Falcon city

  44. Hello Harish…I had invested in Mantri serenity ph 2 under the pre-emi scheme sometime in march last year(2013). since sepember 2013, they have threatening us that they will start the project but its 1.5 yrs since and they havent even cleaned up the space- forget starting. Now my husband doesnt want to exit from the project since they have hiked the rates and we will stand to lose abt 20lakhs which is the increase component. We were also looking at Hiranandani (off bannerghatta road) as an option to this(their rates have been static for the past year). The other snag is that they will refund my amount only after they have resold the unit. The wait is getting to be very painful. Very confused and worried……..

    1. Please join the yahoo groups which is very active regarding this. Also talk to the above person who is a senior citizen and active in the group.

  45. Mantri serenity project is delayed and yes i am also following up with them.Those who want early occupation may not be able to get it since the delay is definite !Mantri”s are very good in marketing their projects and if you can bear the delay and tantrums you can go ahead.If you want to collectively take up many issues you need to take up with the concerned properly.i am continuously following up and if anyone of you are interested pl share your views on my mail knchandrashekar@gmail.com

  46. Hi Harish,

    Based on your inputs I invested in Serenity. I have been getting the interest under Pre-EMI scheme for the past 9 months. The concern is on the delay as the construction has still not started. Moreover I was not aware about the approval that they did not have. Do you have any idea if the approval has come? Iam worried as this is a huge investment for me and all delays will put me in lot of problem.

    Thanks,

    Regards,
    Santosh

    1. Hello S
      antosh, am an investor with Mantri serenity ph 2 too….neither has construction started, nor have the approvals come. They said cleaning has started but to me, it looks like that is also not true.

    1. Hi Nikita,

      Rates will be finalised based on Joint Development Ratio / Land Rate , Construction Cost, Legal & Marketing Expenses.

  52. Hi Harish.

    Thx 4 ur reply dated 24th April..

    My question is –
    When filing my returns, should I consider the Pre-EMI Interest payout by Mantri as non capital gain for me, right ?

    If this is non-captial gain then should we mention this while filing returns ?

    Raju

    1. Hi Raju,

      Yes, You have to specify that, Its non – Capital Gain. While filling returns.

  53. Hi Harish,

    I am looking at purchasing an apartment at Regency Pinnacle heights it is a 3bhk with 3 bath and comming up close to 90L. Can you please share your thoughts on this?
    Is it worth the price? are there any better apartments that you would recommend for this price?

    Thanks,

    Deepti

    1. Hi Deepti,

      Sorry, We have not reviewed Regency Pinnacle heights. So wont be able to comment.

  59. Hello, we have booked a 3 bhk flat under the pre-emi scheme at mantri serenity. I would like to tell other owners to not make any decision in haste. Mantri has assured initiation of work by June 2014 and that the delay was due to a couple of approvals that were pending on account of the election scenario. Moreover, I think Mantri has a reputation to live up to. So, the worst case scenario would never be as worst.

  61. Hi Harish,
    I am interested in Mantri serenity and planning for booking in phase-2 with stagewise payment. But going through the comments above, are there serious concerns with the project take off. Currently they quote 5290 psf.

  62. Hi Harish,
    Could u clarify whether the Pre EMI interest paid by Mantri Serenity a taxable component or not ? I am getting different versions on it from mantri offices…. some say it is not and some say it is….
    FYI . Mantri has given a discount credit note for the same

    1. Hi Raju,

      As far as i know…Its not a taxable income. As there is no TDS Deduction from Mantri.

  63. I have booked a 3 BHK flat in Mantri Serenity in September 2013 under pre – EMI option. At the time booking, I had seen your website and found this project a good one for investment. Now. the project has got delayed and expected to start only in June subject to approvals being obtained by Mantri. Also, the payments for pre- EMi have been delayed by Mantri every month though there has not been any default of payment as of today. What are your views on the project. Will the project take off or not? Mantri is confident that the construction will start in June and hope to resolve the pre-EMI interest payment from this month onwards.

  64. Thanks Harish. For pinnacle they are charging 7990/sft + cp + floor rise. mantri claims on completion within a year they expect the base price to be increased by atleast 1000/sft. does that location and this project command this kind of pricing ? neighbouring property prestige nottinghill is reselling at around 7500 all inclusive.

    1. Hi Amit,

      Mantri Pinnacle is a landmark project and its unique. Besides, Not to compare with Prestige Notting Hill.

  66. Hi Harish,
    I had booked a PH under pre-emi scheme in serenity phase 2. Now with the delays in approvals and the pre-emi coming in atleast 1 month late i am loosing confidence. Although they have given an option to exit i am not sure how long they will take to refund. Should i stay with serenity or cancel my booking or shift to some other mantri project ( espana, pinnacle) ? Will those projects appreciate further ?
    Thanks
    Amit

    1. Hi Amit,

      If you get a chance to swap to Pinnacle. Then Go ahead ( Better Location & Unique ) But Mantri Pinnacle is purely for Self use than for investment. Even Espana is also in better location compare to Mantri Serenity. My option 1st preference to Pinnacle & 2nd option Espana. Espana Holds good potential in terms of Rental but not in terms of Re sale.

  67. Hi Harish,
    I had booked a 2BHK at mantri serenity(1025)..with delay in construction they are telling now that possession will happen by 2018.work will commence from jun2016 and from there 36-40 months..it will fall into 2018…with pre-emi scheme we will be paying 20% more when the project is completed. so what is the gain that i can expect when i want to sell it in 2018…because the amount that i paid by that time would be 75 lacs + for 1025 2 bhk…

    2. Dear Mahipat,
      From where you got this information ?. Commencement of construction from June 2016 ?. As per Ms Chandrika Islam, commencement will be from June, 2014 and handover is June, 2016. Correct me, if I am wrong.

  68. Hi All,
    Just to make all the prospective buyers alert. Pre emi payments are being delayed way too much.
    I have been making calls and sending mails regularly to Mantri sales people even to Chandrika Islam(DGM-Sales)but to no avail.
    Still I have not recieved my Pre Emi payments since 2 months.
    Regards,
    Anurag

    1. Just to let you know that this project is getting delayed due to no approvals. Even the pre EMI installment from the builder is never on time, delay as much as one month.
      Just to make you aware of the situation.

  72. Hi Sir,
    Pls advice
    1) pre emi scheme is good or shall i plan for loan with any bank i choose to proceed further with serenity project.
    2) Between forest view d serenity which holds more appreciation?
    3)for living my choice is forest view……but for convenience serenity is better…. ur opinin pls

    1. Hi Gayatri,

      My option would be Sobha Forest View.I wont suggest Mantri Serenity as there is no clarity on Approval Front.

  73. A letter has been received dated Feb 6th signed by their AVP Sales at where Mantri is indicating that they are trying their best although further delay is possible due to elections. You should be able to get a copy of the letter from Mantri Serenity sales office.

  75. Harish and mantri serenity homeowners
    Please let me know if there’s any other owners group apart from the yahoo groups one for mantri serenity owners. Also, please advice me about what approval they are waiting for? Is it land/ construction related or is it from pollution control board? I think the pollution issue happened way back in 2012. Can anybody shed some light on what is stopping them from starting the construction?

    1. Hi Krish,

      I advise all the apartment owners to discuss, Make a list of points & make small group of 4 members as group representatives. Meet Mantri Management Staff and get the clarity and share the same in the forum.

  77. Dear Kesh,

    I learn that a communication has been sent to all investors in Phase II that the approval is not forth coming from BBMP and hence the project will be indefinitely delayed because of intervening parliament election. I do not think that there will be any activity for next six months. God only knows what will happen afterwards.

    Krish

  78. Harish/ mantri Serenity investors

    Any update on the delay in getting approvals and is there an option to opt out of the property? Is anybody pursuing the option of getting a refund? Has anybody had success with getting a refund under the pre emi scheme?

    1. No not yet, they keep post opening, I have booked an apartment in the same project under no pre EMI, but they are not paying EMI in time.

    2. Hi,

      I am told that construction would begin in Jun’2014 for Mantri Serenity – Phase 2… not sure if this is another false promise from them. I request email addresses/contact numbers of all theose who have booked flats in Mantri Serenity – Phase 2 so that we could all come together to discuss for further course of action..

    3. As per recent communication received from Mantri this month saying that the approval is not forthcoming and gets shifted to end June’14. It is really quite strange how such a reputed builder could not get the required approval even in one and half years but they have commenced booking for phase II. Incredible builders, Incredible India!!. Nothing can be taken for granted and the innocent buyers are at the cross roads.

  80. Hello Sir, I have my Alpyne apartment that i may want to sell. Is it possible to sell it before i get it registered in my name? If so, will I end up paying any penalty to the builder? If yes, any idea how much it would be?

    Thanks in advance for your information.

    1. Hi Babu,

      Builders usually charge Transfer Fees. In case if you sell before registration. I suggest you to talk to Mantri CRM Team regarding Transfer Fees Amount.

    2. Hello Harish,
      Thanks for your inputs. WHat would be your recommendation on selling my Alpyne flat now? DO you suggest me to keep it as an investment for a year and then think of selling it instead of doing it now. Thank you so much for your valuable suggestions.

  81. Hi Harish, Thanks for providing relevant and real time information on current real estate market. I am planning purchase of an apartment in Mantri Serenity Phase II. The quote on their website is Rs.5290 psf (apartment) and Rs.6300 (penthouse). Is this the fixed price or should I ask for a discount? How is the resale prospect for a penthouse, if I decide to sell it in future.

    1. Hi Vivek,

      Resale prospect for a Penthouses is good but not great as it holds comparatively less demand. Pent House are meant for Self use / Rentals.

  82. I’m looking for a 2.5 BHK (1260 to 1280 Sq ft) at Mantri Serenity under Pre-Emi scheme. Any idea when the project will commence and your estimation of handover. Please advise contacts with best options / rates. Thanks Harish.

    1. Hi Shankar,

      Builder is awaiting for NOC to start the construction and as per our latest communication with Mantri Team. NOC is expected soon but no clear dates.estimation of handover is by 2016 Onwards.

  83. Hi,
    I am looking at buying a flat off Kanakpura Road. Can you recommend some good projects.
    What are the prospects for appreciation in that area.
    My budget is 35-50 L for a 2BHK.
    I have seen Hara Vijaya Heights by Vijaya Enterprises – do you recommend them?

    Thanks!

    1. Hi Nitin,

      Kanakapura Road is next big hub in South Bangalore. Considering the key points like, Gokuldas SEZ ,Disneyland, Avg Appreciation Trend from past 3 Year – 15% ,Peripheral Ring Road which connects to Tumkur Road, Mysore Road, Old Madras Road, and Hosur Road, Connectivity to NICE, Metro Rail, ISKCON Township, Huge Land Parcels from CAT A Builders will definteley help any one who invest in projects in kanakapura Road. Hara Vijaya Heights is a decent project you can invest.

  84. Hi Harish, how would you compare Prestige Brooklyn Heights and Mantri Serenity? This is for self occupancy. I couldnt find much discussion on Prestige Brooklyn Heights in your reviews. Please provide your views,

    1. Hi Kannan,

      Prestige Brooklyn Heights is in much better location when you compare it to Mantri Serenity. Besides, Its Premium Residential Development. But, I Doubt there is good availability in Prestige Brooklyn Heights as its almost sold out.

  85. Hi Harish,

    I was having 3 options in my mind. Mantri Serenity, Mantri Webcity and Nitesh British Columbia. Factors i have into consideration would be location as i prefer more residential areas to office area. I would like to live in this apartment 3-4 years down the line. Second would be appreciation and it seems Mantri webcity would appreciate faster so correct me if i am wrong. Serenity for me seems slightly on the higher side so i am not so biased towards it. What do you think? Will serenity be a good ROI? Can you also give me some info about Nitesh BC.. Will it be a good option if i want to keep it as a backup plan or second house or going for serenity and webcity is better? Waiting for ur inputs..
    Thanks,
    Rajat

    1. Hi Rajat,

      ROI is almost same when you compare between Mantri Webcity & Serenity. I advise you not to compare Nitesh British Columbia with Mantri Serinity / Mantri Webcity as these two projects hold advantage in Location & Project Configuration.Besides, Considering your requirement I suggest you to go ahead with Mantri Webcity.

  86. I had very bad experience with pashmina developers, the location is situated at very remote location. In all websites(sulekha,makaan,magicbricks…) they mention very minimal price and say that it is immediate possession, but after visiting the site which is around 30 kms from city, they say that price has been changed they qoute very huge amounts which does not match with what they mention in realestate websites. Its waste of time visiting that place.

  90. Hi Harsih, considering to buy a 3BHK @ serenity and saw your previous comments about Prestige Shantiniketan. Would Mantri Serenity have any appreciation in rate (as in Prestige Shantiniketan) by 2018 or so when the entire project would be completed? Also, how do you see the surrounding / vicinity of Mantri serenity to develop by 2018 or so?

    1. Hi Sach,

      Kanakapura Road is next big hub in South Bangalore. Considering the key points like, Gokuldas SEZ ,Disneyland, Avg Appreciation Trend from past 3 Year – 15% ,Peripheral Ring Road which connects to Tumkur Road, Mysore Road, Old Madras Road, and Hosur Road, Connectivity to NICE, Metro Rail, ISKCON Township, Huge Land Parcels from CAT Builders will defintelley help any one who invest in projects in kanakapura Road and Mantri Serenity hold Advantage in terms of Location & Brand too.

  91. Hi Harish,
    Excellent advice from your end to everyone. Very impressive. I was myself contemplating buying a Mantri house. I had considered courtyard briefly but thought the price of 6440/sqft for a pre-launch was way too much. Confused between Mantri serenity and Mantri webcity currently. Could you help in terms of when they’re likely to be completed and return on investment for renting/selling over a period of 4-5 years?
    Also, instead would buying Prestige Shantiniketan be a better bet since its ready to occupy and fetch high rents.
    Please let me know.Really appreciate your help.

    1. Hi Mads,

      Mantri Serenity would be a right choice for you. Expected to get complete by 2016. Projected Appreciation is 20 % And rental returns for 2 BHK is 20,000 & 3 BHK 30,000. Prestige Shantiniketan has already appreciated more than 100 % and further projected appreciation would be 8 -10 % per year. Besides, Total rental income from Prestige Shantiniketan for next 3 Yrs will not match total capital gain from Mantri Serinity.

    1. Dear Mr Joy,

      If you would like we can arrange a call back for you from one of our representatives answering all your queries and clarifying all your doubts.

      Please drop us an email at wecare@mantri.in with your contact details and a convenient time to call.

      Please do mention HNS-102 as reference number in your email.

      Thanks Mantri Developers

  94. Hi Harish,
    Do you have any inside knowledge about why there is a delay in starting construction of Phase 2. I see that you were recommending Serenity as a good investment earlier. Given present status what do you think is it still an option worth considering.
    One more striking trend that I have noticed in recent past is that Mantri advertizements are no where to be seen. Infact they are just out of newspapers verses earlier where they where dominant real estate advertizers. Is everything OK with the group in general. Whats your take?
    Thanks
    Sudhir

    1. Hi Sudhir,

      Its very critical to get approvals from Govt for all the builders and it takes time. This project is really good in terms of ROI. Builders usually advertise their projects during Launch Time or when there slow sales. There is no point spending Crores, for News papers ads when sales are happening. Every thing is Good with Mantri Group.

  95. Well This is the lates I heard from mantri.

    I was told that mantri management acknowledges the delay and are planning to send a communication in the next week. We should expect some communicationf from them along with the new hand over date.

    Regards,
    Shripad

    1. Dear Ms Deepa ,

      If you would like we can arrange a call back for you from one of our representatives answering all your queries and clarifying all your doubts.

      Please drop us an email at wecare@mantri.in with your contact details and a convenient time to call.

      Please do mention HNS-103 as reference number in your email.

      Thanks Mantri Developers

  98. Hi Harish,
    Would you be able to advise on ‘Prakruthi Solitaire’ apartments, at Ananth Nagar, near Electronic City? It is an initiative of Nadhini Hotels. I was basically looking to buy a 3 BHK apartment in the outskirts of the city but did not know that Nandhini Hotels were in to real estate. Would you be able to advise on credibilty of builder and if proces offered for this particular property is reasonable..?
    Thanks in advance.
    John

  100. Is there no any legal remedy to counter this kind of practice of selling apartment before obtaining approval? and not paying the EMI on time as per their commitment. Would somebody legal experts comment on this please and guide us? Mr. Harish what is your advise in such situations?

  101. I Absolutely agree with Chandra,

    Even though Mantri’s stature as a Builder is High, That should not mean he can take all the customers for the ride.

    The sad part is even communicating with them is such an issue, there is not EA,, Guidelines, Only thing you are expected to do is pray and wait. )

    Harish : This is really frustraating, After investing your lifetimes savings, You are still Dreaming about your house..

    Customers think about it before investing, Iam not saying its a bad preposition, But Getting approvals is taking lot of time.

  103. I have recently purchased Mantri Apartments (Mantri Serenity). My experience has been nothing close to worst. I cant describe what kind of sick experience that I have been through. I am not even sure that I will ever get an apartment. My PRE EMI payment has been delayed twice and only after I call they communicate the next date. The worst thing is that there is absolutely no clarity on when the construction would start. If there are no approvals received how could some one sell the apartment? This I think is Illegal.

    I would not like to tarnish some builders image but having invested all my savings (Over 15 years) I personally dont feel safe about this investment.

    My recommendation to all the people buying home is that don’t buy homes because there is some scheme like PRE EMI etc buy home from builders who really build homes so that people could stay and have a good life. Some builders just want to make money thats it.

    Be Careful & Good Luck.

    1. Dear Mr Chandra,

      We can understand your displeasure and we do realize how disappointing it can be when your expectations are not met. Please give us an opportunity to work on it.

      We assure you that we will try our best to resolve the issue at the earliest. Please send us a brief mail with your contact details at wecare@mantri.in will revert to you shortly.

      With Regards,

      Mantri Developers Pvt. Ltd.

  105. Hi Harish , Do you know what the progress is on Mantri getting govt. approvals on Serenity Phase 2 ? They started taking bookings in December 2012. Lack of visibility and ETA is big problem . Should current and potential investors be concerned ? Your expert opinion please.

    1. Hi Sam,

      Builder is awaiting for the approvals too. Delay had happened because recent state election and because of it Govt Officials have Changed. Need not to worry.

  106. Hi Harish , Do you know what the progress is on Mantri getting govt. approvals on Serenity Phase 2 ? They started taking bookings in December 2012. Lack of visibility and ETA is big problem . Should current and potential investors be concerned ? Your expert opinion please.

  107. Hi Harish,

    I have booked flat 2BHK @3675 p.sq.ft in Brigade Golden Triangle old madras road in Bangalore total cost in 57Lakhs and possession December 2015.

    How do you rate this project ? Is it worth for money ? I heard there is water shortage in this area ? It is very serious issue & may affect property price in future ??

    1. Hi Prabhat,

      You have made right decision by investing in Brigade Golden Triangle for Rs.3675 / Sft. As of now i didn’t find any serious water issue in that area.

    3. Hi Prabhat,

      Are you in lock in period ? or free to sell ? Please talk to builder and let me know.

    4. Hi Harish,

      I checked with builder, Currently I am in the lock in period till June 2014 after that I will be able to sell.

  108. Dear Harish, Thanks for the prompt advise, much appreciate your efforts, From your experience do you have any idea if builders allow for switch over from one project to another ie from Apt to Row house. If so will they adjust the funds as per present rate or as per the original rate which I paid at the time of booking. ie for eg if my booking rate was Rs 4000 per sq ft at booking and if the current rate is Rs 5000 per sq ft, will the builder adjust at Rs 4000 or Rs 5000 per sq ft. Looking forward for your reply. Thanks once again

  109. Dear Harish Achar,
    I saw your comments and some good advise to all people. I also have a query, I had booked 3 BHK , 2320 sq ft apt in end of 2011 in Mantri Serenity. Now I have heard that Mantri has launched a row house project called Manti Courtyard and is near Nice Junction off Kanakapura road near Sobha Sunbeam. I am thinking of switching over from Serenity to Mantri courtyard. Kindly advise if I should stick to serenity. The cost of row house of 2100 sqft is 1.5 cr. Your thoughts is very much appreciated. Thanks

    1. Hi Benu,

      Its Anytime better to live in Row house than in apartment. If you get an option swap over. Do it.

  110. Hi Harish,
    we recently booked a penthouse in Serenity of SBA 1930 sq ft and later, we’re disappointed to find out that carpet area is hardly 1350 sq ft. Please include this comparison in all your reviews, so that investors are aware upfront. We went through many of your articles before choosing Serenity. Thanks for the articles……

  112. Hi Harish, I want to invest in mantri serenity. I was offerred a scheme in which if I invest say 50 lakes, mantri will pay me interest @ 12% rate for excess amount left after deducting dues as per the payments by slabs. This looks attractive scheme.. Your comments please?

  113. Hi Hareesh,
    I have booked a 3BHK for 4250/sqft base price in November’2012. I was told that construction will start in couple of months and possession will be given in Dec-2015. I re-checked with Mantri today and they confirmed that possession will be given in Oct-2016. I am really confused now. They have increased the base price to 4990/sqft, now shall i sell the apartment with this minimal profit or shall i wait for anothe 2 years as my no-emi scheme is ending on November’2015.

  114. Hi Harish, are you aware of any good no PRE EMI options? I guess DLF Woodland Heights have one but they are asking me to book like today only as there are only 10 flats left in no PRE EMI scheme..I can manage 15% down payment but home EMIs I can’t afford right now as I already have an ongoing auto loan, which would last for another 2 years.

    1. Hi Anjaneya,

      As of now there is no solid out come which has come for subvention scheme. I advise not to hurry with your decision. Builders across india working with the bank on this scheme. Will update you as soon as we know the exact picture.

    1. Hi Sona,

      I dont know which agent has misguided you. Looking into the location, Brand Name & Project Configuration. I Feel, Its worth investing in Mantri Serenity and there is really good scope for appreciation too.

  116. Hello Guys,
    I think you all should be aware that Mantri- Phase 2 construction Pre launch scheme is running for ages now. I have personally invested 80L last September, from then I have been hearing new dates from Mantri about starting the construction. and they have defauled 4 times in less than a year.I heard the same promise even today,

    Mr. Harish : Pls guide if my investment is safe. People , be careful people.before investing your hard earned money, ?

    Think 100 times before investing.

    Regards
    deepak.

    1. Hi Deepak,

      Getting Construction release orders from Govt Authorities has become very difficult now a days. You are in safe hands. Dont worry.

  117. I heard that Mantri is now giving possession in oct-16 for new blocks. It is already delayed by 6-8 months and no construction has started yet. Is it true? Also, no emi scheme is there only for 3 years so if project gets delayed by 1-2 years which is very likely now, emi has to be paid by the purchaser. Which means no house, full payment, pay rent and at emi!!!

  119. Hi Harish,

    I am looking at buying a 3BHK in Mantri Serenity purely for investment purposes.

    Would you suggest any other property?

    Also, my budget is 75-80 lakhs and I am looking at a scheme wherein I can pay w/o taking a bank loan and hence the scheme should be construction linked.

    Would appreciate if you could share your opinion on the above.

  120. Hi Harish,

    Based on your inputs I actually finalized a property in Mantri serenity. Have got the sanction letter from bank regarding the same and now only final signatures on the bank documents are pending.

    Got a mail from Mantri saying that the RBI has floated a directive to close such schemes. Would it affect my purchase as all the deals between Mantri and I are completed now and they are obliged to pay me even if bank doesn’t disburse the entire loan amount upfront. Very worried. Please guide me on this.

    1. Hi Ashish,

      Till now nothing has been concreted…meantime, follow up with the banker to disburse the loan amount asap. So that, you are safe

  121. Hi Harish,
    Am interested in a 2BHK under the preemi scheme. I have a list of guidelines which i think i and other buyers need to be sure of before going ahead, please let me know if there are any other points i may have missed out:-

    1. Is Mantri paying the pre emi on a floating rate or fixed rate? If fixed rate, then what if the actual floating rate of the loan given by bank goes up- the buyer has to pay it that month? And similarly what if it goes down?
    2. Is the pre emi for 36 months? Does that mean every month post that, buyer has to pay the entire pre emi , till the possession?(which may be around 45L for a 2 BHK)
    3. Have seen somewhere above that the pre emi is not mentioned on the sale agreement but just on the letterhead. Why is this? What happens in case of a default then?
    4. Does this not work directly between builder and bank? Is it that i pay monthly to the bank, and mantri credits to me monthly? What if they default some month?

    1. Dear Prasi,

      What did banker said on your doubts ? I request you to share the same and help the buyers…

  123. Hi,

    I am planning to shift to Blore soon. As if of now I am looking for a 3 BHK apartment for investment purpose in the budget within 80L- 1 cr. Would prefer in the city but guess they are much more expensive than my budget. Can you suggest me some projects which might be ready to occupy types or latest possession by Dec 2013?

  124. Hi Harish – I have booked a 2 BHK in Mantri Serenity, do you know the distances to the proposed Metro station, Mantri Mall & Krishna Leels Park?. I leave far from Bangalore and my visit will be 2014, this info will help me.

    1. Hi Sham,

      To Proposed Metro Station – Around 3 Kms
      To Manti Mall ( Seshadripuram ) – 17 Kms
      Krishna Leela Park – 1.5 Kms

    2. The current metro station is about 2.5kms. A mantri mall is proposed at walking distance from Serenity… no news on launch yet. Krishna Leela park is again a walking distance from Serenity

    3. The current metro station is about 2.5kms, Phase II metro station is going to be about 100mts from the Serenity gates. A mantri mall is proposed at walking distance from Serenity… no news on launch yet. Krishna Leela park is again a walking distance from Serenity

  126. Hi Harish –
    This is my first post.. and i am impressed by the response and knowledge that you possess.
    I am looking to buy an apartmnet in Bangalore. Are there any pre-launch or yet to be launched projects on Kanakapura Road? possession anytime after 2016/2017 is also fine.

    Thanks.
    Ashwin

    1. Hi Ashwin,

      Thanks, Nitesh Estates has announced new pre-launch project by name ” British Columbia ” off Kanakapura Road. you can consider that for Investment.

  128. Hi Harish,

    I am comparing Purva Skydale and Mantri Serenity. What do you suggest? Both seem to be same on capital if I am not wrong. Also let me know of any similar projects in Bangalore at pre-launch or new launch stage. It is for investment purposes. Thanks

    1. Hi Pavs,

      current price of Purva Skydale is at bit higher side. You Can look into Mantri Serenity or Nitesh British Columbia

  129. I’ve invested in Block 5 of Mantri Serenity under pre-emi scheme in November last year. The very recent communication from the builder still says that approvals are pending. Do you think my investment is safe?

  131. Hi Harish,
    Need advice, I m considering serenity 3 bhk for residence purpose. But my current wallet size doesnt allow me to buy 80 lacs property. Should i look at buying 2bhk n switch to 3bhk after 3 or more yrs….i m expecting affordibility to scale up by thn if not i ll settle fr 2bhk….

    1. Hi Pradeep,

      This will help you only in case if you are expecting any major cash flow in future. Because Appreciation trend for 3 BHK is higher.

  133. I feel, Mantri serenity is a good inverstment, becuse of it’s loacational advantages. It is fairly nearer to Ring road, it is nearer to Metro station. there is mantri mal expected just like Mantri Greens and Mantri Square in Malleshwaram in comparison to Shobha forest view. forest view fairly inside from the Kanakapura main road. Quality serenity may not be that good as Shobha. But far superior than average builders. Mantris also have respect for delivering the goods in time unlike other builders. mantri commits compensation to the consumer in his construction agreement. Generally this is not done by other builders. and generally the builders delay the project. As an investment, Serenity is better, as the investment grows faster than Forest view. If you want to stay,it depends. Mr. Achar may comment on this. I heard M/s prestige is coming out with a bigger complex in around the same place on Kanakapur road. If that gets launched, ther is a hit on Serenity Investment.

    1. Hi Jayanthi,

      No Doubt Mantri Serenity is a good project for high capital investment…But, I would like to know your views on Sobha Forest view and Hiranandani Bannerghatta Road.

    2. Hi harish
      I live in singapore.
      Do not know anything about Shobha forest and hiranandhani at bennerghatta
      Pls let me know which is a good project for appreciation

    3. Hi Jayanthi,

      Your Investment size is big. Instead of investing in Penthouse. I suggest you to look into bigger 3 BHK in Hiranandani Bannerghatta. which is good for investment as well as for self use.

    4. Thanks Achar
      My friends had some issues in hiranandhani chennai.
      Do they deliver on time

    5. Hi Jayanthi,

      Construction is on full swing. I cant guarantee on deliver time ( Till date no projects has been handed over on time as promised by the builder ) But i found best Quality in the construction and the Project plan.

  135. Hello Harish, seeking your advice.. I am an investor and keen to block 2 x 2BHKs in serenity.. Given they have a no pre emi scheme, I intend to divert my funds to 2 flats instead of 1.. I intend to sell at the time of possession.. Would you advice how you see the current price appreciating in 3 years timeframe?i would appreciate advice in any other better prospects in my case as well..

    Reid’s, AN

    1. Hi Abhilash,

      Mantri Serenity will definitely fetch you good returns when you compare with other surrounding projects. Looking into the surrounding development, It will at least appreciate 50 % in 3 yrs

  137. Hi Harish, I am in a delima now deciding between Mantry serenity, tranquil and Mantry elite. 3BHK resale at Elite and Tranquil are offerred at 90 l. Elite has high demand for rent and may fetch around 30k per month while at Tranquil it may be around 20- 22k but relatively a new project. Serenity seems to offer better amenities and may appreciate better that other two. From investment point of view what is the better option? I intend to finance 50% from loan and 50% own. Appreciate your advise to clarify my confusion…

    1. Hi Keshav,

      My advise would be : First Preference to Mantri Elite ( Excellent Location – Better & Immediate Return ) & Second Preference would be Mantri Serenity.

  138. Hi Harish,

    Even Iam interested in Mantri Serinity project and the offer they currently have (No EMI scheme). But this is applicable only for max 33 or 36 months. What if the project gets delayed beyond 36 months? If it gets delayed by even a year, it will be a big loss to me on investment. The builder is promising only 2-3k for a 2 BHK flat as LD in case of delay. This amount is nothing considering an investment of 65 lac.

    What do you advise.

    Regards,
    Santosh

    1. Hi Santosh,

      Delay in handing over are there in every project. But Looking into Mantri Developers Credibility, Mantri Serenity should not delay more than 40 Months. I suggest you to go ahead with the project.

  142. Hi Harish,

    Thanks for all your valuable inputs. Does this project has cauvery water supplies, all the required approvals?

    Also, is there a definitive plan of Mantri setting up a mall there as proposed?

    Regards,
    Ashish

    1. Hi Ashish,

      No guarantee of Cauvery Water Supply to the project and neither any kind of commitment from the builder. All the statuary approvals are in place And Yes Mantri will setup a Mall as proposed.

  144. Dear Harish, Very good information. With regards to mantri serenity i was told 2days back at CREDAI exhibition that possession is March 2016, But when I read your discussion above it is mentioned as 2014, Can you please suggest as I am planning to book in mantri serenity. Also are there any 2Bhk’s available for 2014 as I would like have those instead wait till 2016, Please advice

    1. Hi Harsh,

      Newly launched Blocks will be handed over in 2016 and unfortunately only 3 BHK are Available in other Blocks

  146. Hi Harish,

    The location looks cool, heard that there is a planned mantri mall oppp to this project.will it be ready around 2016 when these new blocks will be ready. and help in appreciation.If yes what should one expect. around 2016.

    2. Hi Harish,

      Do you mean 20-25% annually or in three years.
      20-25% annually is too high a return in current market scenario.

      Anu

    3. Hi Anu,

      Considering the Surrounding Development…yes i feel project will fetch 20 % returns per year

  147. Hi Harish, I have studied this project and wanted to know the following:

    1. I have heard that a high tension electricity wire runs through this project, is that correct?
    2. Also any current legal issues with this project?

    Please advise, Ranga

    1. Hi Ranga,

      As far as my understanding High Tension wire runs on Mantri Tranquil Project not on Mantri Serenity and as of now there are no legal issues

  148. Hi Harish, I have booked a 3 bhk flat in new block of Mantri Serenity nearly 9 month back. but till now the constructions have not yet started. whenever we enquire they say after 2 months and they do not give any proper reply for the delay, can you pl.let me know the genuine reason for the delay. thanks in advance

    1. Hi XYZ,

      Mantri yet get construction approval from the authority…As soon as they get it they will start it.

    2. Hi Harish,
      Thanks for your reply, We opted for the pre-EMI option and arranged for 100% finance.At that time the builder had promised a completion by end of 2015, however this is unlikely, we are receiving pro-rata pre-EMI since Nov 2012. Pl. clarify if the pre-EMI scheme is for 3 years from the commencement of construction date or from the date which we have made the payment?

  150. Hi Harish,

    I am planning to buy a flat with budget 75L.
    I am confused whether should I go for Mantry serenity or search some other property in whitefield or sarjapur road.
    Which out of these 3 will provide me better returns?

    1. Hi Anu,

      Can you tell me weather you are looking for Investment Purpose or For Self Use ? So that, Accordingly i can help you

    2. currently i am thinking of self use but I dont know what happens after 3-4 years. Maybe i shift to some other city.

    3. You got to be clear in what u want …. because if you are looking for your self
      than we can list down properties within your budget with all the amenities u would like to have…

      If you are looking for investment than obviously such information doesn’t really matter to you
      Moreover comparison of price, ROI and growth will be more suitable for such a purpose

      So be specific in what you are actually looking for… 75 lakh is a big amount !!

  152. Hello Harish I have booked a 2080 Sq ft in Mantri Serenity in June 2011. The progress so far has been satisfactory & but surely will not meet the committed time line of Mar 2014. I am lucky if I get a possesion in Nov or Dec 2014. My another apprehension is that the place will continue to be a big construction zone even long after possession as the developer is yet to get approval for other blocks & start the construction. The constructin nce begins will continue for 4 years. This may result in developer not delivering all the all the promised facilities of club house, landscaped garden etc to the early residents which will be a big negative factor. Based on your knowledge what’s the overall time plan for completion of entire project.

    1. Hi Puneet,

      If you are looking for Short term gain then opt for Mantri Serenity

  154. Hello Harish. I have booked a 2080 Sq ft flat in Mantri Serenity in 2011 itself. Though the progress seems to be satisfactory it’s highly unlikely that Mantri will be able to deliver the flat as per committed date of Mar 2014. I am lucky if I get posession by Nov or Dec 2014. My another apprehension is even after getting possession in late 2014, the site will continue to remain as big construction zone for long time as he has plans to build few more blocks which have not yet started. Due to this many of the promsed facilities may not be provided to early occupants which will be a big negative. What’s the likely tenure of the whole township projet.

    1. Hi Suresh,

      Builders usually handover apartments first and the amenities later. Because, Common area land rights will be relinquished with the sanction authority and they will hand it over only after 60 % of project completion this is one of reason for delay in completing amenities. looking in to the project progress i feel the whole township should be completed by 2016.

  156. Dear all, Mr Harish

    Seek your and other’s valuable opinion on Concorde Napa Valley Villa project, near Ravi Shankar Ashram and Brigade Meadows. Prospects, costs, area development, etc. Bothe positive and negative

    Many thanks

  157. Hi Harish,

    Thanks for this info, but I have been hearing this from last 6 months, Due you think Mantri will be able to get the required approvals considering Mantri’s past reputation in that area.

    Regards
    Deepa.

    1. Hi Deepa,

      Yes, Mantri will definitely get the approval as they have good hold with Govt Authorities

    2. I have observed Mantri people got atttude problem , treat customers as beggars,,,I overheard other day few communication during my visit…I

    1. Hi Deepa,

      You are right. Approvals for New Block are in progress. Expected in couple of months Time.

  159. Any idea, if the intrest part of the PRE EMi paid by mantri transferred to the buyers SB account or Loan account ?
    If it goes to SB account, it will be an additional income and will be taxed as per slab… Is my understanding correct.

    If it goes to loan account directly, is there any implication on the tax.

    Assuming i go for a 1Cr flat with 20 (downpayment) +80 (loan). The intrest part paid by mantri would be around lets say 80K. So, for 80K with 30% slab, 24k would go for tax and what u get effectively is only 56K. Am i right here ?

    1. Yes, the interest component that is credited by Mantri will be taxed as per your tax slab as it will be considered as your income. So You are getting only 70% of the interest as rebate.

      The second concern is that this arrangement is not part of the sale agreement. It is outside of the sale agreement on their letter head. Not sure if as a theoretical possibility they default, how much standing will it have in the court of law.

  160. Hi Harish,

    I am planning to book 2BHK .
    Currently I am in Chennai and will plan to move into Bangalore. So it is like investment or later may be to use of my own.

    Which one is better option serinity or alpyne?
    Also after including all addition charges what will it cost me in total? I am thinking to be under 50L

    1. Hi Varun,

      Serenity is a better option. Moreover there are no much stock left out in Mantri Alpyne. Besides, 2 BHK in Mantri Serinity Cost 63 Lacs + Other Charges.

    2. Hi Harish,

      Thankyou, I talked with mantri and they are also saying same that flats are not available in Alpyne.

      Can you tell few other good options in Bangalore with in 50L including all extras.

      Thanks,
      Varun

  161. Hi Harish, I am also looking for a 2 BHK in Mantri Serenity, Kindly let me know your thoughts as i am not sure if DLF will come in my Budget (65 Lac).Also is it well connected as the Metro Projects are yet to come.

    1. 2 BHK in DLF Will coast you 70 Lacs As of now and if your key criteria is Metro… then, i would suggest you to go – head with Mantri Serinity as DLF Project will far from Proposed Phase II Metro Station which is at Bannerghatta Road.

    1. Hi Santhosh,

      Yes ,You Can Consider this if are fine with 15 K Rent or Else As discussed today morning, You Can Even Consider DLF Resale Option. Besides, Considering Demand & Supply Analytics and Project Configurations, DLF has more demand than Mantri Serenity.

    2. Harish i do not agree with you on this.

      I got to know from sources that Mantri has already sold 500 flats out of 1000 even before starting the construction.
      Location wise this project is far ahead of DLF. DLF stands nowhere. Serenity has metro station at walking distancei.e 200 mts, DLF 4 kms. Serenity also has an upcoming Mantri mall.

      Nowhere DLF is comparable to Mantri.
      What DLF’s status is in Delhi, Mantri has in Bangalore.
      DLF does not have that positioning which it enjoys in Delhi.

      My cousin has booked a flat in DLF and the posession has been delayed by 1.5 years and she is running on losses paying EMIs.

      Anu

  163. Thanks Harish.I am going ahead with Mantri serenity because of the 3 year no pre-emi scheme. Do you still rate it as a good investment? Whats the catch in the “No pre-emi” as they call it? Looking forward to hearing from you.

    Regards,
    Ashish

    1. Hi Ashish, Yes, its a Good Investment. Well, No Pre – EMI Schemes are like “win win” Situation for Both Customers as well as for Builders. Customers need not to worry about Rent + EMI till handover and For Builders, Instead of taking Project Loan @ 18 % p.a they will use this scheme and take funds @ Home loan Interest Rate.

  164. Hi Harish,

    Heard a lot about this property and planning to book a 15th floor 3BHK apartment at the rate Rs 4850/sq ft. Will it be worth investing close to Rs 96 Lakhs in this property. I want higher return on investment, but the main reason I am buying this property is for my own use. Where does Mantri stand in comparison to projects like Sobha Forest View and Brigade Omega.

    Looking forward to your response.

    Regards,
    Ashish

    1. Hi Ashish,

      All the 3 Projects Falls in the same segment…Sobha Forest View & Mantri Serenity will fetch more returns because of Better Connectivity & Amenities…I would have opted for Sobha Forest view mainly because of Open Area & Quality

  166. Hello,
    Need to know abt the benefit of Interest for 80% of the flat value is paid by builder till procession or till Mar 2016. Is this worth it?
    This project seems to be too dense one with more than 2600 apartments in 20 acre land.
    Need expert comments and suggestion for better decision.

    Best Regards,
    Veeresh

    1. Hi Veeresh,

      Yes, its worth it… Factors to be considered are 1) Location 2) Mantri projects are know for Good Quality 3) No Rent & Pre – EMI Burden Till Possession 4) Surrounding Development will fetch better ROI