Mantri Webcity in Hennur Road, Bangalore

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280 comments

1. Hi Harish,
   Is it worth to buy a 3bhk flat in parcel 3, now that it’s ready to move in? Can you please advise.

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   1. Hi Santigopal Mondal,

      You can consider, but i would also suggest you explore other options like Purva Palm Beach, Orchid Greens & Rohan Upavan

2. First of all, I am not believing on Mantri developer for whatever reason. They will call customer , they will trap customer, they will cheat customer, they will enforce to buy the flat.
   I booked the flat on 4th March 2018 while booking the flat I told will let you know the flat number in 1-2 days,I informed about J1106 on 5th March .I booked the flat on Mantri terms and condition, I need to pay 3-5%, remaining amount I don’t have to pay till possession. If Mantri would have told me about some other condition, I would have thought differently.
   From 5th March 2018 till 20th June 2018,Mantri developer was telling it is in progress. Your J1106 is under process. I visited few times there, everytime it is informed some other reason, like My team is very slow, Madam is not available. I was forcing regularly for agreement . I went home on 20th June 2018,before leaving home, I informed Kiran. On 20th June 2018, Mantri developer told me your flat was of investor unit, they are not finalising the property, you need to pay 10%.I told will discuss with family and will let you know. I informed I will pay 10% at condition if my agreement will be ready, at that time I will pay the remaining amount. After that I was following on daily basis about my agreement. Everyday it had been told.. It is getting ready, by next week it will be ready. On 8th August 2018,I had informed J1106 is not possible, because investor is asking for amount which will be difference of 7-8 lakhs . I need to pay extra money for J1106.My question is that what Mantri was doing with the customer for last 5 Months? Again I got new twist on 25th August 2018. I got to know Mantri had bought from investor, if you want to buy J1106,you have to pay extra GST,this Mantri developer is cheating with the people. If they don’t want to sell the flat, why did Mantri engage the customer so long. Before booking the flat, Mantri webcity review is the worst of all, I informed Mantri about the review, they told it is incorrect. My last impression is that they are biggest cheater.
   Story does not end here, it continues…
   Once they informed me about cancellation of J1106 on 8th August 2018, I told will discuss with family and will let you know what I have to do. I went ahead with J1006, I told them I want written mail for going ahead with J1006, so that it should not repeat it should not take more time. Again started following everyday, everyday same reply what was earlier. One day, I decided to go to office and will ask for final things to do on 25th August 2018. They told story about the J1106. For J1006 they told I have to pay 15%, then Mantri will proceed to do the agreement. Once I calculated the amount it is not 15%, it is actually 20%.

   My question is that :
   Mantri webcity is your project, I didn’t enforce you to do some concession, even I have not negotiated any price, what they told I agreed upon it, why did you take my so much time. It should come before booking the flat. Is it way from Mantri, how to trap the customer, how to befool the customer ? How to make the money? How to treat with customer?

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3. 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
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   • 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.

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4. I booked a 3bhk apartment with Mantri at the Webcity project and also paid a sum of Rs.1, 00, 000. Even after 2 months there was no developments in the paper work and all our requests to make minor changes to the apartment and the documents were declined. The draft document that was sent had everything in favor of the Developer and in case we failed or delayed a payment it would cost us dearly.
   There was nothing holding the Developer responsible.
   I discussed with my lawyer and he recommended that I get out of this project, since there are 1000s of unhappy customers in multiple projects of Mantri. When initially booked the apartment, they said if there were any issues on Mantri’s side they would refund the amount immediately.
   When I actually cancelled the booking, they do not want to refund the money and now say that they will only pay it back once they have sold that particular unit.

   I will be raising a complaint with RERA and I’m willing to spend Rs.1000 for it aswell.
   Anyone thinking of purchasing Mantri Apartments, please understand that they do not have funds and are waiting for your money to proceed. Eventually, they will go bust because of RERA penalties. Once they go bust, all ongoing projects will stop and all the customers who have put their money in Mantri expecting to get an apartment after a few year will be running pillar to post trying to get a legal solution. Trust me, Mantri Management will escape and the customers will remain unhappy.

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5. webcity had certain issues earlier , now they are on track and earlier issues are resolved

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   1. Can you give more data what is Rsolved? I am having hard time getting the possession or money back.

   2. Roshni, I’m glad to see that your issue have been resolved. You are one of the lucky ones, but there are 1000s of us who are left feeling cheated.
      I’ve been following up with the CRM team for months together and the HEAD of CRM calls up every time and talks to me in a Condescending attitude. They talk to me as if I owe them money.
      All their documents will only talk about how the customer is liable for any issues. Their subvention scheme is too good to be true and it will sound so amazing when you hear it verbally. But when you look at the actual document that you need to sign, you will never see anything which states that Mantri will be responsible for anything.
      I waited 2 months after giving them the booking amount and there was no news from Mantri on when the Agreement needs to be signed. When I asked for clarification and ammendments to their draft agreement , the CRM lady just said that it was standard and all their customers are happy to sign it.
      Fortunately for me there’s a Sales person called Avinash who atleast knows how to talk to a customer. I’m trying to settle this case through him. The CRM at Mantri is just pathetic.

6. As of today , is it good to invest in parcel 3 for 3bhk @ 5700rs with 25-75 scheme. Possession in nov 18.
   Please suggest.

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   1. I booked this I a pre EMI scheme, not all deadline is over. Mantri has defaulted payments for 11months. Not sure what to do all our hard earned is at stake.

   2. Kamakhya,
      I feel your Pain. Unfortunately that is they way they work. They lure poor customers into their ponzi scheme and after they get the initial amount they know you are stuck and will be forced to pay. They also prefer people taking the apartments on loan since the banks will release 90% of the funds to the Builder and the customer will have to deal with the payment there after.
      As mentioned many times before, their documents keep them safe from any consequences. I raised a complaint with RERA by paying 1000 rupees. I really don’t think it is going to help, but i did my part. Next i’ll approach the press if they don’t give me my money.
      Do a favor to your friends and family, spread the new about this deceit.

   3. Manika Trust me.. Please do not book it.. NOV 18 possession is not going to happen. I discussed this with my Lawyer and he recommended I invest my money in some mutual fund rather than putting it in Mantri

7. P2 is delayed by 4 years (on paper) reality we need to wait and see. Paid 90℅ of total cost already

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8. Hi Harish, Please advise as soon as possible. Raja Kaluve has become big issue in Bangalore these days as you are aware.

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9. Hi Harish, There are two water streams in Mantri Webcity shown in the image in the link below. Are they Raja Kaluves? Have they got approval from Govt Authortities? Please advise as I have almost decided to buy the apartment in Mantri Webcity.

   http://www.homebuyersvoice.com/wp-content/uploads/2014/05/Mantri_Webcity_Featued-image.jpg

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   1. Hi BP,

      Yes there is storm water drain passing through, Need not to worry all the govt approvals are in place and requisite buffer zone is maintained as per the norms. You can consider buying.

10. It was my worst decision to sign up for Mantri webcity buy back scheme in Singapore

    Nothing realised as promised. Current backlog of 4 months (promised was max 1 to 2 months monthly installment payments that we need to arrange for initially) on pre emi payment and backlog is increasing. I have already paid 4 months from my side to the bank. If Mantri cant keep up their commitment for monthly payments and are not serious enough to reduce the backlog urgently how can we expect of higher returns on our investment in 3 years.

    On top of that the time that I need to put in to call them and follow up every month is frustrating. Every two months they assign a new contact person for the tower and only get informed when I call them!. Not at all expected of getting into this mess. Please get yourself educated on the current state well before considering any of your investment with Mantri. Dont recommend at least in the current state the way they are handling existing customers relationship and commitments.

    Sincerely,
    Owner of Tower R 17-04

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11. Hi Harish,
    We had booked a flat in parcel 2 J block in 2014 under the buy back pre-emi scheme.
    They are not paying the pre-emi since 5 months. And the project is delayed till 2019 ( as compared to promised date of 2017).
    Upon asking for pre-emi and unlimited follow ups, their deputy CRMs are saying they cannot pay !!!. These developers do whatever they want without any fear and common people like us have to suffer. We are just feeling so helpless where we cannot do anything against these so called reputed builders but just feel CHEATED !!! If they are not able to pay the pre-emi itself, forget about the buy back.
    Can you please suggest here something.
    And if you know of anyone who had been trapped like us and have found some resolution, please advice.
    Thanks and Regards,
    Radha

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12. From which angle you have given it a 4 star…..They have delayed Phase 1 possession for more than a year…Phase 2 and 3 possessions are being delayed by 3 yrs….All the pre emi scheme buyers are going through hell with 4-5 month delays. Their team keeps changing, they never keep their promises… It is a hellish experience…

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13. Can anyone confirm still the phase 1 is not completed.I heard that phase 1 is completed and phase 2 will be ready by dec 2019.Please confirm whether we can book this property.

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14. can anyone let me know whether they are launching phase 2 with expected possession date is 40 months from now and also they are offering 25 % upfront and remaining balance we can pay when the possession happens.

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15. Hello,
    I am planning to buy home in mantri webcity, please suggest me pro’s and cons of this project and even let you share any infro regarding price also they are quoting now 5490 is it worth in this area? or please share all info which you know/came to know

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16. Agree with Balaji, One of the worst CRM teams. Leave the individual tower CRM managers, the webcity project’s manager herself is never reachable – she is either switched off or doesn’t pick up the calls. She doesn’t even respond over emails as well. There is no hope of any help in Webcity. If you go by the name of Mantri they are just fooling you. PreEMI is never paid on time, currently 2-3 months of delay.
    They keep fooling you with false promises and assurances. Pre-EMIs are delayed, date of the project has been moved so many times(more than a year now).
    CRM guys keep blaming other departments for all the issues, either their accounts department or the IT department. Keep fooling customers with wrong information and in the end customers suffers, frustrates. Really bad customer service indeed.
    I have lost faith in Mantri now. Definitely worst mistake to go with Mantri webcity.

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    1. Well I am not denying the fact of delays in various parts, whether pre-emi or the delivery of project. I had initially booked the flat in another reputed builder in Bangalore. They had got the permission to build till certain level, but they started selling even higher floors than the approved limit. They are even constructing higher floors. And there is a delay too. Which is illegal and govt won’t issue CC & EC. I was able to cancel the booking from that builder & booked in webcity. Well, I have been getting the response from the CRM in satisfactory time. Sometimes I needed to send reminder emails, but I have been getting the response. People have threatened MS Doni (brand ambassador of Amarpalli Group) for delays & poor quality. At least in Mantri Webcity, that’s not the case. Delay is in almost every large project. I am not favoring or endorsing Mantri at all. I will be happy to get it delivered on time, but I understand the delay is sometime not in their hand. I hope Mantri will not do any unethical thing with us. Well, this is just my experience so far with Mantri. But I am more worried about the expenses later on in this dying city without water. There will be no water and other amenities down the line & to avail them it will be very expensive :(

    2. Ash, did you finally get anything from Mantri ?

    3. Sunny, This is the same with every customer. The Head of CRM is a lady and if you store her number and check out her Profile pic on WhatsApp , you will understand what kind of lady she is. She will talk to you exactly how she looks in the pic.
       I had a talk a few discussions with her and she would mute her phone and then when i scream she would unmute and say ” Yes Mr.Jackson ” then she would talk to someone else on the phone while i’m trying to explain the reason why I want my money back.
       She has a very condescending attitude.
       Like i mentioned before.. just store her number and check her pic on WhatsApp.. you will understand what I’m talking about.. Such a disgusting piece of trash

17. Construction not yet complete for parcel 1.Supposed to be completed by 2015, Jan. Construction of clubhouse may take several years. No clarity on that. But they have already taken full amount for club house and maintenance. On top of that they asking additional amount for maintenance charge increase and additional amenities which is not part of the agreement.

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    1. Additional Amenities? Are you talking about piped gas? If yes, then that’s a welcome step by the builder & we must appriciate that. Are they adding any other amenity to the project?

    2. Welcoming Step ..?? Bullshit !! Even third rated builder have this piped gas connection as their basic amenity nowadays and it was incorporated clearly in Total Cosh Sheet.
       I bought a flat 8 years back, which have got piped gas connection as amenity not an as additional surprise.

       The Worst mistake made in my life is buying a flat in Mantri Webcity…

    3. Balaji,
       I feel your pain. Like i mentioned in many other places. This was a huge mistake and a lesson to not just jump into a deal without doing your own due diligence.

       Atleast if the CRM team would talk to me properly and not act if it was all my fault and that I owe them money, I would have waited for some more time for them to revert.
       But they were treating me like some villager. The HEAD of CRM is just pathetic..

       This one time the CRM Lady said that she would call me up at 11am and at 12pm when i called her to check for the update, she started yelling at me saying that it was her off and she doesn’t have to answer to me and let me know about her Schedules.
       So you can see why Mantri has such people at CRM , because only such people can face upset customers and don’t give a damn and go back home thinking that they did a great job towards humanity

18. Mantri Webcity

    We are in 2016 – No clear picture on Posession, No proper response from CRM team.
    Making me think that i made a wrong decision by seeing other projects in Hennur Road.

    Samrudhi – Great Deal for the Price ( But cant compare with A grade Builder )
    Salarpuria Aspire – Project has completed very fast and giving posession before the
    committed date and building looks very great and its Exclusive 3 BHK
    Apartments

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19. Mantri webcity parcel 3 delayed by 1 year as per latest information received from their CRM team , not sure if entire project would be ready even by 2020 . Repenting my decision to invest in Mantri webcity instead of Shoba City .

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    1. This is wrong information. I have booked parcel 3 and was suppose to get possession by April 2015 I am still waiting. Mantri is not ready to give any commitment regarding possession dates and I will be very happy to shift now to Mantri if the delay is 1 year.
       If you are in preEMI then mantri will take upfront the full amount ie 80% of the flat value making you liable to banks to pay the full EMI. Regarding preEMI payouts there is no guarantee that you will get as per what is committed.

20. Hi Harish, Mantri Webcity is premium project?

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    1. Amenities are word class enough to call Premium?

    2. Hi Shettigar,

       Because of its project size & configuration.

    3. Harish,
       I really beg to differ. The size of the project doesn’t justify their incompetence. The Sale Person at Mantri ( Avinash ) was the only guy who is still talking to me and trying to help. I feel that he should be at the CRM.
       Anyways, this project as you know has been delayed by almost half a decade, and they still have the guts to promote is as an amazing buy.
       If you just seach Google and Youtube you’ll see the upset customers pouring their hearts out. They are heart broken and disappointed because of the fact that their dreams of owning a home has been shattered.
       If you look at it as a human being, what Mantri is doing to their customer is called CHEATING.
       Their agreement says that if we delay any payment to the developer, there would be heavy penalties and interest levied, but there is no mention about what happens if Mantri has to pay the customer

21. Hey guys , I have booked an appartment in mantri webcity Phase 1. Can someone share the contact coordinates on the correct person who can provide information on the possession date.

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22. Hi Harish,
    I want book a apartment in mantri web city,Please let me wt is currently price going on and also let me know if its a good project

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    1. Hi Sanjib,

       Current Price is Rs.5490 / Sft per sft and yes its a good project to consider.

23. Hi All – Please share me if any Owner Group exists for Mantri Webcity. I own a 3 bhk flat in B Block.Thanks!

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24. If I have a choice between Sobha City and Mantri Webcity, which one is the better option. Sobha is offering for 6300 per Sft and Mantri at 5450 per sq.ft. with their 80:20 finance option or rental option.

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25. Hi,

    I have booked in Mantri webcity in 2013 thinking this is a good project. My booking was done in Pre EMI scheme, since that was the only option available that time.
    I was given the possession date of April 2015 in my agreement, but now I see the building is not there, the full money for the flat is already taken and the Mantri management doesn’t bother to
    communicate to its customers when will be the new date of possession. We are a group of buyers of Mantri Webcity who all are now sufferers. Now I hear the date of possession will be in April 2018.

    Also there is no communication on the pre EMI payout, because Mantri now a days are in news for violations and are fined by the government.
    Mantri is only interested in selling their webcity flats by finding new customers. In Pre EMI you pay full money of the flat (ie somewhere around 1CR released by the bank) to
    Mantri and then from next month your home loan EMI starts where you need to pay the EMI as per the amount disbursed by the bank. Mantri here makes a promise call PRE EMI payout where it will
    give you the interest of the home loan every month. And this intrest will be paid by Mantri to you for some months and then they stop responding.

    It is at this point you realize you have been trapped so I suggest not to go for this project. And if you still decide to go ahead then once you end up as I mentioned earlier don’t feel disheartened,
    remember there are a group of people like us who all are in same situation, probably we can console you, because we all are brothers and sister with the same pain.

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    1. Hi Saju,
       Your pain is understandable. May you are bit unfortunate that you are not getting possession as per your expectations. As I have been in Bangalore from 12 years now & have seen builder’s are delaying projects from 1-8 years. In case of Webcity, deley is not that bad. You should expect delay of 2 years in case of Webcity (a project of such scale). But believe me at the and you will find it very pleasant to live in. When I bought my first flat in Bangalore (a small project), there was a delay of 1.5 years. So don’t worry. I would say you are lucky to book in much early stage & have got the price advantage. I booked in 2014 December on a very high price. But I have already made my mind for good amount of delay. But since then, I have seen that, development is in full pace now. Blocks are getting build fast. Have some patience. I don’t think we have any other better property in that locality.
       Just my thinking on Webcity.

    2. Hi Saju,
       Did you get what was promised

    3. Hi Jackson,
       I am still waiting for the completion of the project.

    4. I got possession of the flat after 8 years now. My son was in class 2 when I booked the flat looking at the facilities provided in the project. I thought to give him a good environment while growing up, but now when he is in class 10, still the facilities are to be completed. I wish before his marriage this project gets completed.

       My learning from Mantri developers:
       As a home buyer don’t go with brands that give promises of great future about the projects that are yet to be completed. Instead go for a ready to occupy home because you can never trust these builders, they spend lots of money in false propaganda. What matters is a home for your family at the right time in your life.

       Regards,
       Saju

26. Hi Harish,

    I am looking for good project for my own stay at north bangalore. Budget is ~70L. Is Mantri Webcity a good option? How about their possession date? Please suggest.

    Thanks.

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    1. No doubt, Webcity is a good option. I would say it’s a better option than many projects is the locality. It’s on the main road (no fear of going inside roads during night). Big project with top class amenities. Heard that, a shopping mall is also coming very close to Webcity also a hospital (but not confirmed yet).

    2. Hi Nupur

       Mantri Webcity can be considered for Self Use, delays are across with all the builders in bangalore, its ideal to have 6-8 months of buffering time.Possession is 2018 onwards.

    3. I would suggest don’t go for Mantri Webcity, their project delays are too much around 2 to 3 years of delay from committed date of possession which is unaffordable. And more over once you book for any queries mantra management never respond on your genuine concerns even if you approach them as a group or as an individual.

    4. Check out Vajram essenza project in Thanisandra main road….. The project is ready for possession and the finished quality is superb…..check out n decide

27. ray_ahm@yahoo.com

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28. Hi Harish,

    Do you recommend Mantri over Purva Palm? My budget is 65-75 lakhs all inclusive and I am confused between the two. The purpose of is investment. Also if you could tell me which one has a better rental potential. TIA

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    1. Hi Prasanth

       If your looking for investment, You can consider Palm beach as the project is a theme based project and is unique, This has better rental potential than Webcity. And even the sales response is higher for Palm beach.

29. Hi,
    I am looking for a 2 BHK for self occupancy in South Bangalore (in and around Banashankari) for immediate occupation or occupation within next 5-6 months. Budget is around 70-80 lakhs all inclusive. Can you please suggest the best options available?

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    1. Hi Lalitha

       You should look at Mantri Alpyne

30. Hi DV thanks for your valuable comments, i will surely consider your suggestion…

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31. Mantri web city is a gud option..

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32. Hi does Mantri WebCity still has the pre emi scheme with PNB available? What are the terms and conditions?

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    1. They may not have this scheme openly, but I heard that, they have accommodated few buyers under this scheme recently. So please talk to their sales peoples, hope they will offer the same to you as well.

    2. Hi AshBoy

       Yes there is Pre-EMI Scheme available at Webcity.

33. Hi Harish, we are planning to buy a 2 bhk flat, in M block on 20th floor and builder has offered two schemes one is 10:80:10 and 20:80(pre EMI) as builder would be paying interest till Jan 2018, so please suggest which would be a better option to save money and we are looking for end use.

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    1. Please note the above question is related to Mantri Web city.

    2. Shradha – stay away from Mantri Web city.. Have you checked the terms and conditions? Not all terms and conditions are revealed prior to agreement. Agreement is a shocker!! Insist on getting on agreement copy before you book. Else please be assured that you are being taken for ride..

    3. Hi Shradha

       You may consider 10:80:10 scheme as your outflow would be initially less, you can park the rest of the 10% money in any other investment.

34. I have purched in Mantri Webcity, Parcel 3 V Block a 3 BHK appartment. The frustrating part is the construction status is very slow and possession date has now been postponed by 2 years. I was promised possession Jan 2016, but now procession is postponed to Oct 2017.

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    1. I woder what Mantri is planning, delay for 6 months or 1 year is understandable but 2 years!! Must be some major problem. What about the 1st phase..heard they also are being pushed back by a year even tho most of the bldgs. are almost complete. Wonder why?

35. Hi Harish, Please let me know your opinion about “The Tree” by provident near magadi road Herohalli, Bangalore. I am looking for 3BHK. current rate 56 lacs. Is it good investment?

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    1. Hi Jayanth,

       Sorry we have not reviewed this project yet, so not able to comment on this

36. Hi Harish ,
    I am considering SNN Raj GreenBay and Arun Shelters . And i am a bit confused between these two choices . What is you opinion on this and let me also know if you want to suggest anything else as well . My budget is around 70 lakhs .

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    1. Hi Syed,

       Sorry we have not reviewed both the project, so wont be able to comment on this

37. Hi Harish as you suggested about Orchid Footprints in the above post for budget around 50 lacs. how much is total price out the door ….
    I got to know one more project Orchid woods by same goyal builder…. but the out the door cost is around 70+ lacs .although they quote only 56lacs on the web. So much of hidden charges that you can almost buy another flat.

    Could you please suggest me some good investment options be it mantri/orchid footprint/orchid woods or any other project . I am looking for investment purpose but may stay there after 2016 (if needed) as I am currently out of India. Your team can also mail me all the options with best ROI :) …

    Thank You.

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    1. Hi AB,

       Apart from the base price; 20- 25% of base price would be a standard industry practise. You can consider Arvind sporcia as an investment option

38. HI Harish, Which one is better project in Hennur Road in terms of investment ?, Confused with all upcoming & on going projects?

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    1. Hi Senthil

       You can consider Mantri Webcity or Purva Palm Beach for investment

    2. Hi Harish,

       I have gone through all the comments here and found that you had been suggesting that Mantri webcity is good for self use and not for investment. What has changed that made it good for investment now?

       And what is the current per sq ft price?

       Thanks,
       Neeraj

    3. Hi Neeraj

       As of now looking into inventory in the current locality Mantri Webcity as well as Purva Palm beach can be considered. My first preference still holds good with Purva Palm Beach only.

39. Hi All,
    I visited the site over the weekend.
    It’s good to see that construction of parcel 3 has already started & 2 is starting soon. Looks like major structural work in parcel 1 is completed & the machinery is moving to parcel 2 & 3. Got some confidence. Also they have uploaded the status on their website.

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40. I was very confused between webcity, palm beach & sobha city. After a lot’s of research and couple of visits to these sites, I found webcity better in all. After 3 months of mind shaking & tiring research, I booked 3bhk in webcity recently. Right on the main road (my first & mandatory requirement), close to shopping (also hopping a commercial complex in front side of webcity will be big plus), little away from city’s noise & pollution, close to PRR,, double lane hennur road are big plus for webcity.
    Web based theme is quite unique & I am impressed with the luxury webcity is offering (top of palm beach & sobha city). I realized after a hectic job, where most of people spend time i.e. in a good & spacious home. And only webcity offers that. Walkways & landscaping is best in this. Amenities are best. Community living, security, kids activity zone etc are best here.
    Palm beach is 2 KM inside. Also a road intersecting the project is a big no to me. Maintenance cost will be very high in palm beach despite purva’s claim (i know as I live in one of their best project).

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41. @ Sandeep. Agreed, water is anyway a problem in North Bangalore and is true for Sobha City as well. Mantri Splendor is a small project. Generally small projects has such issues because these doesn’t have better water management process. Sobha City & Mantri WebCity are large scale projects. These has much better water management process plans like rain water harvesting, recycling etc. But if the issue is with webcity, same will be there for Sobha Cityt as well.
    Regarding cost, naah, these are not same. Sobha is charging way too high & that too a very less carpet area. Also the floor plans are not very good in Sobha compare to WebCity. If you are talking about the pre-emi, I believe in that case Mantri looks to be better option. In Sobha, you will have to pay full amount in next couple of months & pay a huge-huge interest on loan. On the other hand you will pay amount in next couple of years in case of webcity so your current EMI will be quite less. Down the line Rupee value will depreciate because of inflation,, but your agreement amount won’t change. So tomorrow, you will feel, the amount you are paying is actually quite low. I am telling you this as per my experience. Else choice is of each individuals.
    Also Mantri offers a unique Web based & a complete secure community living experience. Also Mantri is offering more facilities than Sobha. Location is another advantage for Mantri (as per my understanding).
    Overall I see a better value for money in Mantri.

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42. Hi Guys, I own a flat in Mantri Webcity C 12th floor premium flat. Anyone intrested mail me at samgmat85@gmail.com

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43. hello harish i contacted the india homes people ( i made my booking through them) today to cancel my booking on mantri webcity the salesperson said they’ll charge rs. i lakh if i cancel my booking, i have not signed my agreement yet n while booking they did not specify this so please advice me what to do or should i go to the consumer court?? thanks in advance

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    1. Hi Shiva,

       Its india homes responsibility to take care of your transaction. I advise you to talk to them.

44. Hi pramod, call me at 9902011389 – Venkat

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45. Hi, Mantri web city is not keeping up the promised delivery by Jan and prolonged it to September this year.My question is what will happen to the pre emi ? do i need to start paying it off from Feb, against the earlier possesion by Jan? I am confused.Or does Mantri continues to pay it until possesion that is September?

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46. hi harish, how much is the cancellation charge by the builder,
    if you cancel a booking before agreement???

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    1. Hi Shiva,

       As far as i know, they will completely refund.

    2. Hi Shiva, I had as well cancelled before booking. Did you get the refund back? I am having massive challenges to get the money back. The sales says they will refund the money once they sell my flat. I intend to legally pursue this or use media’s help. If your money is still held up with Mantri let me know. Happy to legally fight to get back the hard earned money. Regards DV

47. @Ash … I would still feel Sobha City is better than Mantri Webcity if u compare price wise also. Since the rate in both are currently almost same as pointed out by Mraj above. Actually webcity becomes costlier than sobha when u add up the pre EMI till handover of the WEBCITY. Whereas handover starts in another 5 months or so in Sobha. Delays are very common these days with any tier 1 or other builders. So, better take informed decision regarding the cost of the apartment till possession. Also, water scarcity is a big issue there as Mantri Splendour with just 280 apts is fully dependent on tankers. Imagine the maintainance cost of 3000 apartments in webcity. Check the maintainance charges in mantri splendur ( more than 5000 for water only I think). This won’t come down it surely increases since tankers rates are already 800 to 1000 . Measure the pros and cons for long term and then take informed decision…..Happy investing

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48. Hi Harish

    How would you compare webcity quoted at 5040 with purva wave at 4650?

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    1. Hi Ankur,

       Possession Time places crucial Role here. If you are buying for investment…I advise you to consider Purva waves.

49. Hi Raj

    I am looking to invest in webcity. Can I get in touch with you for details?

    My id is anksbaj@gmail.com

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50. Hi Harish, I booked a flat @Mantri Webcity in “F” block. Could you please let me whether its a good decision and also required your suggestion whether I should go for 10:80:10 scheme which was presented by Builder. Thanks.

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    1. Hi Raj,

       Its better to opt for 10:80:10 scheme.

51. I too have a flat booked there. Builder is projecting this as a fast selling project. No doubt the floor plan, quality & carpet area is one of the best in webcity. Overall concept is also good. Still is it a good bet?

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52. I had posted my comment here but it is not getting added. Why?

    I don’t think at this price mantri webcity is a viable option. Better than this is Sobha City as location wise it’s bang on the main road nearby to nagawara metro. And construction progress is almost nearing completion whereas mantri webcity might take lot many years …..so not much burden of pre emi. Other than paradiso blocks in Sobha City of course ……what do others say?

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    1. Well, it depends on person to person. To me Mantri webcity is located very well. Price is not very high as of Sobha. But better than Palm Beach & Melbourne Park. Mantri is giving approx 78-79% carpet area as compare to 70-72% by others. Mantri looks to be a better value for money.

    2. Here is my understanding:
       Sobha city pros: Construction status nearing to completion, Quality, rate is reasonable (around 5100 sq feet) for such a theme township. Close to Bhartiya city etc.
       Sobha city cons: Carpet area might be less compared to webcity.
       Mantri webcity pros: Good carpet area and floor plan, unique web based theme, scope of better ROI incase of road expansion or PRR,
       Mantri webcity cons: Construction just started hence difficult to predict when the handover will happen, rate is same as Sobha city and many units yet to be sold. less UDS compared to Sobha etc.

    3. @Ash,
       Price of Mantri webcity is almost same as Sobha city.
       3 BHK in webcity is close to 1 Cr (inclusive of everything)
       Sobha city resale units for mykonos you will get it for 1 cr (inclusive of everything)
       New released blocks of sobha are having big dimesions hence rate is high.

53. Hi Harish
    i booked a apartment in the bulding C of mantri webcity (premium) last year. I live abroad, so not sure about the price now. My apart ment is in the higher floors so paid extra for the floor rise. Is it a good idea to hold the property, will the prices pay off after the apartment handover or is it better to sell it, have no plans to stay there.

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    1. Hi G,

       Hold it for next 12 – 18 months for better ROI.

54. thanks for response harish, i’ll hold it for some more time.

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55. I don’t think at this price mantri webcity is a viable option. Better than this is Sobha City as location wise it’s bang on the main road nearby to nagawara metro. And construction progress is almost nearing completion whereas we city might take lot many years …..so not much burden of pre emi.

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56. Hey harish. Im interested in investing in webcity now but looking at all the comments on top im kinda confused. The person i got in touch with in mantri is quoting 5500 per sq.ft and is ready to negotiate. Can you lemme kno what is the right price there.

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    1. Hi Sharan,

       Current Price is Rs.5250 / Sft. They are negotiating upto Rs.5190 / Sft. ( Current price is subject to change any time )

57. hi harish, is the price of webcity reasonable at 5190 per sq.feet??? besides there is a lot of frustrations about the project still being delayed, i’ve already made a booking in this project but i at this point i’m confused weather to exit from this or not. kindly advise me.

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    1. Hi Shiva,

       I advise you to hold the property for some more time for better ROI.

58. Hello Harish. I intend to choose between Purva Palm Beach and Mantri Webcity. Mantri is promising delivery in 2016 (for Parcel 3), while Purva in 2017 (for Phase 1). Ideally, i do not want delivery beyond 2017. Mantri has 3,000 flats against Purva’s 1,500. Is this a cause for concern and with whom can i expect better quality?

    Do you think this is achievable in both cases. Purva is significantly more expensive as well. Hence, could you suggest the better alternative for a 3BHK between the two?

    Otherwise, should i consider a different project altogether (such as Mims Habitat, Nitesh Melbourne Park), etc.

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    1. Hi Reeve,

       Both the builder will achieve the quality. But, I feel staying in 3000 apartment community will not give feeling of more openness. I advise you to consider Purva Palm Beach. As it holds advantage in terms of Amenities and open space.

    2. Thanks Harish for the tip. Need one final bit of advice from you. If i stick to Purva, for a similar price range, i’m getting a 3 BHK at the Purva 270 / Seasons project. This is in a relatively prime (although cramped and congested) location. However, is this a clean project (i hear DRDO intends to pursue its case against Purva 270). Hence, would you advise purchasing in Purva 270 /Seasons?

    3. Hi Reeve,

       Case is resolved and construction is on full swing. If you are comparing between Purva 270 & Palm beach. I advise you go ahead with 270.

59. Hi Harish. What is your opinion on Purva Palm beach. Between Mantri and Purva as builders, I have seen lot more delays from Purva (eg. Purva Venezia was delayed by more than two years!)

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    1. Hi Mram,

       No Doubt, Mantri webcity is good project. but I feel Purva Plam Beach as unique. Delays are common with most of the builders.

60. Hi Harish,
    I live in the UK and currently looking to buy a property in Bangalore near Hennur road for investment. However, from what I have read on these posts in April 2013 (see below comments) rate was 4700 base so if it is 5190 now, that’s 10% increase in 1.5 years. My fixed deposit gives me 9.5% per annum with no tax – is it really worth me investing in property? Given that projections are for 6k by 2017 that still makes it about 27.5% in 3 years whereas in fixed deposit from 2013 would give me 9.5×4 = 38% compounded. Any sense in investing in property? Please advise.

    saumya dikshit
    16 Apr 2013
    Please guide me on investing in Mantri webcity with the base rate around 4700/-. Will it be good to go ahead with this rate. What’s the appreciation on the cards in span of 1-1.5years or in longer run.

    14 Oct 2014
    Rs.5190 / Sft

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    1. Hi Amir,

       At this point of time, Mantri Webcity is good for self use than for Investment.

61. Thanks Harsha. Well I have booked the flat in mantri. So hope it turns out to be a good investment.

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62. Its not stay order the court asked for damage report.

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63. I am also looking for a project in hennur road. I visited both mantri web city and purva palm beach. I really liked mantri webcity – 1. It is on main road. The project is huge and a big township with all world class amenities.
    Purva palm beach is also equally good. But only thing is it is way too inside. All other projects are on main road.

    I also checked on the case….it seems there is a case filed for damage but no stay order. Construction was on when visited the site.

    Harish- please guide which one to go for purva or mantri.

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    1. what is the rate per sqfeet at webcity??

    2. Rs.5190 / Sft

    3. Hi Kartik,

       No doubt both the projects are good. Once the Pipe line road is done and get Connect to Hennur Road. Purva Palm beach will have more advantage in terms of Sale & Rental Returns.

64. Stay order from high court is issued for mantri webcity.

    http://www.newindianexpress.com/states/karnataka/Report-on-Mantri-Project-Sought/2014/09/20/article2440749.ece

    So construction in this project will not start till verdict comes and in india it will take years to get final verdict so this project will be delayed for minimu 5-10 years or can be even more.

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65. Hi harish , can you please advise me any 2bhk property in north bangalore from a reputed builder and my budget is 50lac.

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    1. Hi B D Sharma

       You can consider Orchid Footprints who is a reputed builder.

66. Buying in webcity will not be a wise devision. Construction is at a very slow pace and a delayed prpject and going to delay further by rate at which construction is going on. You can check in arge helios, goyal orchid woods, salarpuria dattva adpire, brigade altamont, wisdom tree if you are looking in hennu and from reliable builder and where construction is in full swing.

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67. hi harish,
    whats ur opinion on mantri webcity???

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    1. Hi Shiva

       Project is a decent one for self use.

68. hi harish,
    can you advise where to invest in north bangalore, my budget is around 70-80 lakhs. i was interested to invest in mantri webcity but after reading all the negative reviews on diff. websites i’m confused help!!!

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    1. Hi Shiva

       I would advice you to look at Purva Palm beach and Arge Helios as a option for investment.

69. After reading reviews on various websites and ignoring negative comments, recently visited webcity for inquiry. I was very much disappointed after seeing construction Status for parcel 1, 2, 3. I found hardly any work was going with minimal workers in parcel 1 and in parcel 3 few columns were laid and no work was started in parcel 2. Out of curiosity I asked why parcel 2 and parcel 3 no work is going currently they had no answers but they keep on telling that they will be handed on time and construction will start in full swing by next month and and parcel 1 is completely sold out and insisted me to book at 5k+ price in parcel 2 or 3 before they also get sold out. They think all people are fool and they can sell all apartments in pre emi scheme and get all amount from bank in advance and then no hurry to start work and can charge exorbitant price from customers who get trap in pre emi offers. Thankfully i read reviews on this project on various sites and comments and found from last one year they are not paying emi regularly and delaying for months and those who booked are also now worried for no progress from last one year and looking like not going to start for next 6-12 months also.

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70. Im confused between Purva Palm beach/Mantri webcity/Diyasree/ Prestige sunrise park/ Assetz Marq

    Please help in guiding the same

    Budget: 60L-70L

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    1. Hi Saurabh

       You can consider Purva Palm beach or Divyasree ROW.

71. Mantri Webcity: There is no written commitment on the “No pre-EMI” and “Double Cash Back Scheme” by the builder. They refuse to put this in the agreement; they have inserted enough language in the agreement so as to wiggle out of their commitment. Buyers have no recourse if the builder does not live upto their commitment,

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72. 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……..

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    1. Hello ..

       I am facing similar problem in MANTRI WEBCITY project..I have booked a 2bhk in the PRE-EMI option in the Parcel 2..TOWER G..

       The construction has still not started yet..and they are still claiming that posession would be March 2017..

       I wanted to know if there is anyone who has booked in the Webcity project in Tower F or Tower G??

73. Hi Harish,

    Firstly, thank you so much for your un-biased opinions. Am sure it is helping many of us.
    There is a pre-launch offer by Sriram just few Kms ahead of Mantri’s location. Am getting 1450 sq. ft from Sriram for same price for which I am getting 1260 sq. ft from Mantri. I’m confused and need your suggestion at the earliest to decide. Please help. Thank you!

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74. Hi Harish,

    I am looking for a self use apartment on Hennur road. I have a budget of ~90 lacs. I checked out webcity but as few people mentioned, I wasn’t impressed by the apartment plan/layout. It will be great if you can suggest few more options. Also, do you think it is advisable to go for a one/ two year old flat as compared to an under construction project. Thanks a lot in advance!!

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75. Hi Harish,

    I’m planning to invest in a 3BHK apartment at Mantri Lithos, in Manyata Park. I would like know about the following compared to projects from Sobha Developers:
    1. How is the construction quality? On a scale of 1 to 10 ( 10 being best and 1 being worst), what rating would you give for Mantri Lithos? I have seen Sobha apartments – their finish, tiles, doors etc. are of best quality and appealing to the eye. I give Sobha 10 rating.
    2. How transparent is the company? Do you think take more money as “other charges” compared to Sobha?
    3. How punctual are they? Are they known for finishing their projects on-time in Bangalore? Do they pay interest if the project gets delayed? Sobha pays interest to its flat owners if there is delay in handing over.
    4. Mantri outsources the construction Vs Sobha, which does it in-house. Plus Mantri works with different construction companies like Poolangi constructions, TATA constructions etc. Mantri Lithos will be constructed by TATA as I was told. How good is TATA’s construction quality?
    5. What kind of capital appreciation I can expect by July 2017 when the apartment will be handed-over?
    6. Lastly, Mantri is collecting upfront Maintenance deposit like Sobha. Do you know of any indecent or instance where Mantri has collected monthly maintenance charges in-addition to the initial maintenance deposit?

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    1. Hi Iwan

       Pls find my comments below:

       1. How is the construction quality? On a scale of 1 to 10 ( 10 being best and 1 being worst), what rating would you give for Mantri Lithos? I have seen Sobha apartments – their finish, tiles, doors etc. are of best quality and appealing to the eye. I give Sobha 10 rating.

       – I would rate 8 for Mantri
       2. How transparent is the company? Do you think take more money as “other charges” compared to Sobha?

       – Need not worry about the company’s transparency
       3. How punctual are they? Are they known for finishing their projects on-time in Bangalore? Do they pay interest if the project gets delayed? Sobha pays interest to its flat owners if there is delay in handing over.
       – Delays are common with most of the builders and holds good in Mantri’s case as well

       4. Mantri outsources the construction Vs Sobha, which does it in-house. Plus Mantri works with different construction companies like Poolangi constructions, TATA constructions etc. Mantri Lithos will be constructed by TATA as I was told. How good is TATA’s construction quality?
       – Yes for Lithos TATA are the contractors. TATA is known for quality work..
       5. What kind of capital appreciation I can expect by July 2017 when the apartment will be handed-over?
       – Appreciation can range upto 35 – 40%
       6. Lastly, Mantri is collecting upfront Maintenance deposit like Sobha. Do you know of any indecent or instance where Mantri has collected monthly maintenance charges in-addition to the initial maintenance deposit?
       – NO, i have not come across such instance till date. But, There are instances where maintenance goes higher, not necessarily with Mantri

76. Hi Harish,

    Can you please tell why mantri webcity not good for maore 1 cr. flats.

    I am planing to invest if you have any other option please let me know?

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    1. Hi Chitranjan

       You can look at Nikoo Homes or Purva Palm Beach for 1 Cr budget as these 2 projects a very unique and also have a lot to offer to the customers

77. Hi Mohit Kumar, Scheme is good for those customer. Who has Rent + EMI burden. Not for Investors.
    Harish please explain on this
    Thnx

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    1. Hi Shubham,

       Because investors cant sell the property till possession. 3 yrs Holding time is not feasible.

78. Thanks Harish on your quick revert.. But even for investors, it is very viable and more beneficial as investors will get double their investments in 2 yrs 2 mths (till Aug 2016) in Matri webcity project. Mantri is giving in writing about the 100% return (on booking amt of 20%)..

    why you saying this is not goo scheme for investors? thanks

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    1. Hi Mohit Kumar,

       After 2 yrs 2 Months. You will be paying full pre- emi to bank and you cant exit from the project till possession.

79. hi Harish. Any reason why you specify that the 100% return scheme is not good for investors and is only good for folks who have rent + emi burden?

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    1. Hi Krish,

       Because as a investor you cant exit from the project till possession.

80. Hi Harish,

    Do you think the Mantri 100% return offer is financially viable because if Mantri pays the pre-EMI and 100% return on booking amount of 20% then effective Mantri is paying double – Pre EMI Int to bank and 100% return to me by end of Aug 2016? This scheme appears to be fraught with risks.

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    1. Hi Mohit Kumar,

       Scheme is good for those customer. Who has Rent + EMI burden. Not for Investors.

81. Hi Harish
    I have heard some slowdown in webcity from some property dealers. could it be due to to marketing of other projects… or do u really see any negatives in webcity.

    Jitendra

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    1. Hi Jitendra,
       I’m also looking seriously at Mantri webcity for investment, but just gathering information since currently in US its a bit more difficult to get correct information. Let me know if you are planning to book in webcity, we can talk more my email id – aseem.mishra@gmail.com

    2. Hi Jitendra,

       I dont see any negative in mantri webcity. Probably Launch of Purva Palm Beach would have effected slowdown in webcity.

82. Hi Harish, I have gone through with your views on different project. My point, I hv some money to invest and would want to go ahead with Mantri Webcity with 80:20 scheme and will be exit after three years. As claimed by company that they will make this money double in three years and investor can exit after that. How much this offer looks viable. Considering my long term plan is not to stay in Bangalore would you suggest to go ahead just for investment of three years

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    1. Hi Anupam Namdeo,

       As far as i know, Mantri assure you 100% returns on your own investment For E’g, If you buy a unit worth Rs. 60 Lacs. Rs. 12 Lacs will be your own contribution and Rs. 48 lacs will be paid through bank loan. On your contribution of Rs. 12 lacs, Mantri Developers will assure 100% return, which is Rs 24 Lacs by March 2017 and Mantri will pay a minimum amount of Rs. 42,152 per month until March 2017 (Rs. 42,152 x 33 months = Rs.13,91,016/- will be your savings for a 950 sq ft unit) and which indicates me that, Rs. 42,152 x 33 months = Rs.13,91,016 is your profit & as per the whole math, Mantri will show your ROI via Pre – EMI paid to the bank. This Scheme is good for Self use than for investment.

83. Harish, Don’t you think the maintainance in webcity will be on the higher side when we start paying for all the amenities. It would be around 6000Rs which I think is on the higher side.

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    1. Hi Flash,

       Yes, Even i too feel its on higher side…after handing over RWA can Decide on Maintenance Charges.

84. hi Harish,
    I am contemplating to buy a 3bhk in Mantri web city phase 1 (completes Jan 2015). I see that you had been recommending this project earlier, but are not very keen on it in recent times.
    I am looking for advice on whether to go ahead or look for some other properties in this area?
    My budget is around 1.2 Cr and my outlook is long term, say about 10 yrs from an investment standpoint.

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    1. Hi Rohit,

       Mantri webcity is good for less than 1 cr investment. For your budget and requirement i suggest you to look at Sobha City / Mantri Lithos.

85. Hi Harish I have the same concern which others are expressing here. why are you not recommending mantri webcity anymore? which one is better amongst mantri webcity, Divyasree row and purva palm beach? I have a total budget of 75 lakh and looking for 2 bhk. Can you please tell me the good projects within my budget in north bangalore and whitefield.

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    1. Hi Amit Gupta,

       Mantri Webcity has not shown significant growth from past one year but Project is good for Self use. I suggest you to look at Divyasree ROW as project holds good potential in terms of Rental Returns or Resale.

    2. Harish, I am planning 70 lks in a property in bangaore. Can you tell me which is the best locality for investment in Bangalore *North or East)

    3. Hi Kish,

       North Bangalore

86. I want to invest in a property in Bangalore. i have been reading lot of Harish’s reviews, and has the same concerns expressed by Gaurav or IS. Why Mantri city is not an attractive investment opportunity compared to ROW, or Palm beach..

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87. is it good to invest inpurva palm beach ?

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88. Hi harish can you elaborate on the risks involved in the pre emi 80- 20 scheme- mantri webcity..thanks!

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    1. Hi IS,

       Only risk which i have found is On time payments from the builders. If builder is directly paying to bank then there are no risk involved. if its indirect transaction. You have ensure on time payment to bank to avoid damage on your CIBIL Score.

89. Harish,

    I have same question.I am interested in this project and getting 3bhk in lesser amount than gcorp icon, palm beach, prestige lakeside habitat, hiranandani queensgate, republic of whitefield. Moreover this projects is already launched but most of your recommendations are still waiting for approvals . Kindly let me know your concerns on webcity which will help me in taking right decision.

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    1. Hi Gaurav,

       I am considering capital appreciation and Growth Trend as key factors. Mantri Webcity is good in terms of Self use. My suggested Projects have shown significant demand and Growth.

90. Hi Harish, Is there a reason you’re advising people to invest in other projects compared to webcity? Is the demand/appreciation for the project not good?

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    1. Hi Neeraj Poddar,

       We have witnessed good demand at purva Palm beach when compared to mantri web city and Mantri Webcity has not show significant growth from past 1 yrs. I found Purva Palm Beach is investor friendly and Holds Good potential in terms of Growth. For end users / Self use. Mantri webcity is an good option too.

91. Hi Harish,
    Mantri is quoting 4990 for web city right now. This does not seem to have appritiated much from what they were quoting 1 year back. Do you feel that web city is good option considering this and should I go ahead with buying an apartment there. I am looking for 3bhk in 1 crore range. Please suggest any other option if possible aroung sarjapur road also.

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    1. Hi Mayank,

       I suggest you to look at G Corp Icon @ Thanisandra / Salarpuria Senorita @ Sarjapur Road.

92. Hi Harish,
    Please let me know on investment point of view whether to go for Mantri webcity (poss. in 3 yrs) or resale option at Bren Unity – ready to move in (Marathahalli) for the same price and same sq.ft.
    Thanks in advance.

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    1. Hi AJ,

       Its ideal to invest in under construction property than on ready to move. Rental Returns cant match the Capital Appreciation.

93. Hi Harish, I’ve already booked a 2BHK in Mantri Webcity B Block but am not getting clear info on delivery status. Could you please help?

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94. I’m planning to book a 3BHK 1445sq ft. I was wondering people who have already booked in towers N, P,Q,U, V, W, X, what is the expected date of occupancy? What’s the current status of construction and how many apartments have already been booked. I’m specifically interested in knowing the current interest in booking as if sufficient interest in not generated I want to know what will be status of the project. Thank you for your response.

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95. Hi Everyone,

    I have booked a 3BHK unit in Tower U of Mantri Webcity sometime in June 2013. Is there any website/ group of people who has already booked units in Mantri webcity? Hope there could be some discussions on the progress/ concerns active there.

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    1. Hi George, I’m also looking to invest in Mantri 3 BHK.
       Can you share which floor plan you invested in and what was the rate you got?
       Did you go for 80:20 scheme?
       Can you let me know if the construction has started for U, V, W and N , P, and Q towers?

    2. i have also booked a 3 bhk flat in tower U in april last year. Any idea about the expected possession

96. Hi every one, i am also intrested to book mantri 2 bedroom appartment in 80:20 schema in webcity, please help me anyone who has already joined this schema, please email me at mailrathore@yahoo.co.in

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97. Hi Harish
    Can you please help me to choose between Mantri Webcity , divyasree row ,hirananfani queensgate, purva westend.
    Budget 60-70 lakhs.
    Guide me in terms of return at the time of possession and rental returns.
    Thanks a ton !!!!
    Regards
    Sai

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    1. Hi Sai,

       1st Preference would be Purva Westend. 2nd preference would be Divyasree ROW. 3rd Preference would be Hiranandani Queens Gate. Suggested based on the demand & Growth Prospect.

98. I am interested to buy an apartment in Mantri Webcity. I would like to understand what is no pre-EMI. Is this scheme still going on?

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99. Hi every one, i am also intrested to book mantri 2 bedroom appartment in 80:20 schema in webcity, please help me anyone who has already joined this schema, please email me at srideviparna@gmail.com

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100. Hi,

     I am planning to book a 2BHK in mantri under ‘Pre EMI + Buy back’ scheme. This looks like a good scheme, but before going with this scheme, I wanted to speak to some one who has has booked under the same scheme.

     Is there anyone active on this forum, who has booked under the same scheme.

     Can you please revert to me @ komaljindal123@gmail.com.

     Much Thanks!
     Komal

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101. Hi Harish, Look forward to your response to RKS, as I have the same concerns

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102. The Return on Investment in this 20:80 scheme is 33.33% p.a. assured by Mantri irrespective of delivery status/ construction status. So One is able to invest small amounts as low as rs 12 lacs for a 2 bhk aptm and get 24 lacs at end of 3 years from mantri. BUT there is a 2nd option too, if the market is giving a better price then one can sell in the market too and get a better profit, though Mantri will charge 2 % as transfer fees. Have yet to come across a Real Estate option where one can DOUBLE his investment in 3 years. Given the Mantri name Brand Name I think its a very Good option.

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103. Hi Harish,

     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>

     RKS

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     1. Hi RKS,

        I suggest you to go ahed with regular scheme. As this is first time offered by Mantri Team.

104. Hi Harish,

     Do you think the Mantri 100% return offer is financially viable because if Mantri pays the pre-EMI and 100% return the actual interest that Mantri is paying will be in excess of 22% ?

     Also what about a scenario where Mantri does not pay the pre EMI on time or stops paying pre EMI altogether.

     This scheme appears to be fraught with risks.

     RKS

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105. Thanks Rohit For Your Revert

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106. Builder is telling about scheme in which you book flat and take pnb 80:20 scheme where builder will payout emi till march 2017 and you have option of cancelling of flat at time of possession then builder will pay you double of what you paid to him. Example if you have taken 60 lakhs flat then pay 20 % I.e 12 lakhs and remaining 80 % pnb bank will pay upfront to builder. Builder will pay interest part I.e more than 42k every month till march 2017. At time of possession if younare not interested then you cancel booking and builder will pay 12 lakhs plus extra 12 lakhs I.e.24 lakhs and buy your flat back from you and close your loan.

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107. Hi. I liked the Mantri Webcity Project and almost booked it but have put the plan on hold as they are accepting booking only through 80.20 scheme. I have come across complaints regarding such schemes…including rbi ban on banks providing these schemes specifically. Usually builders tend to do this incase of a cash crunch and to top it mantri has made it mandatory for March. Does that mean they are having a huge cash crunch.Can anyone share their perspective on the same…cause the project is good but i am not sure about the scheme? Thanks.

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108. Hi Harish,
     What is invest 12 lakhs and take home 24 lakhs in 3 years. If details are given it beneficial to all.

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     1. Hi Abhishek BR,

        If you buy a unit worth Rs. 60 Lacs. Rs. 12 Lacs will be your own contribution and Rs. 48 lacs will be paid through bank loan. On your contribution of Rs. 12 lacs, Mantri Developers will assure 100% return, which is Rs 24 Lacs by March 2017. Mantri will pay a minimum amount of Rs. 42,152 per month until March 2017 (Rs. 42,152 x 33 months = Rs.13,91,016/- will be your savings for a 950 sq ft unit) in F G H J & K Towers. Payment Terms: 20% Down Payment needs to be paid at the time of booking and the balance 80% within 21 days from the date of booking. The monthly amount will vary based on the floor and the size of the Unit booked. Base Rate per sq. ft is fixed @ Rs. 4890/-. (Floor rise charges will be applicable).The Pre Emi payable will be paid only on 80% (Calculated @ Recurring rate of interest) of the total cost of the unit. Bank loans to be availed from PNB bank only.

109. Hi Harish, With an investment point of view which out of Mantri Webcity and Prestige Lakeside Habitat do you feel is a better option? I have also checked out Prestige Sunrise Park & Mantri Alpyne and I am totally confused with which project should I invest. Please suggest. My budget is around 80 lakhs.

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     1. Hi Pallavi,

        Consider Prestige Lakeside Habitat / Prestige Sunrise Park for better ROI.

110. Did anyone who booked or planning to book receive confirmation on water facility in webcity ? How are Mantri’s other projects in this area like Splendor and Astra faring in this regard ?

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111. Hi Harish, Would you suggest investment in Mantri Webcity. What can I expect in this area as rate of appreciation in 3 years time ? Secondly what would be the rentals in this area for a 3 BHK if i want to rent the property ?

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     1. Hi Ramesh,

        Projected Rate at 2017 is Rs. 6000 / Sft. Rental returns for 3 BHK would be 35000 per month.

112. Hi Harish..

     Thanks for this. Any other options apart from this that you would recommend at this price range ?

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     1. Hi Anshul Mahajan,

        You can even consider Kolte Patil Mirablis / Kolte Patil Raaga.

113. Hi Harish..

     Appreciate your initiative .Thanks for all the efforts.

     I am looking for a 2BHK with investment objective. Budget is 65 lakhs max including extra charges . Shortlisted Webcity , Goyal Orchid Woods , HRC Ibbani , MJR Pearl and Skylark Ithaca.What order would you suggest ? Do you have any other options in this price range in any part of Bangalore which would fetch better returns ?

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     1. Hi Anshul,

        Opt for either Mantri Webcity / MJR Pearl / Skylark Ithacha for better ROI

114. Hi All,
     Can anyone suggest me good project option in budget range of 45 L in North Bangalore

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     1. You can look at Skyline Oasis. They are currently quoting Rs 3200 per square feet.

115. Hi All, I heard Mantri is delaying the PRE-EMI payment for Mantri WebCity Project .
     Is this true , anyone who have booked apartment in webcity and experiencing this problem ?

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116. Hi Harish Request your advice on whether Mantri Webcity or Sobha City in terms of connectivity from MG Road, percentage appreciation and quality of construction and returns on investment.

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     1. Hi Anish,

        Quality of construction remains same with respect to both the builders. In terms of ROI, Sobha City would be fetch slightly higher than Mantri web city because of its location & Project configuration.

117. Hi Harish,
     I have been following your website quite keenly. It seems to be continously improving.We liked Mantri web city. One concern is that the homes have one common wall. Is this the case with most properties and will it affect the peace and quiet of the home?Plus do you do group booking for web city?

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     1. Hi Sheeba,

        98 % of the projects in Bangalore comes with one common wall and which is not a major concern. Peace and quiet of the home will not be effected much.

118. Hi, anyone booked property in Mantri Webcity under No PRE EMI scheme ? Is builder giving interest on time ?

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     1. Hi Vikas,

        I had booked a 2BHK flat in Mantri webcity..He is giving PRE EMI but 5-7 days lapse is there…Till now he gave PRE EMI for 6 months for me..

     2. Yes, I have booked in C block and so far no major complaints yet although small delay in days

     3. Hi Vikas, I am also looking forward to buy property in Mantri Webcity under 80-20 scheme with no Pre EMI.Can you confirm on your experience.

119. Harsh,

     Can you give your views on which one is a better long term (5-6 years) investment – Brigade Golden Triangle (Old Madras Road) or Mantri webcity? Also in general, will old madras road appreciate faster than hennur road?

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     1. Hi Stash,

        Considering current development pace, Hennur Road will appreciate faster and Mantri Webcity would be a ideal choice.

120. Is there any pre lunch offer in Mantry or Prestige or Hiranandani project in Bangalore good location?

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121. Hi Harish,
     i am looking at a 2BHK flat to buy,i have zeored in on 2 of them,
     which do you think will be a better place to invest…mana uber verdant on sarjapur road or tata new haven off tumkur road.

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     1. Hi Shatabdi,

        Go For Tata New Haven better brand, Specs & Quality of construction

122. Hi Harish,prestige is going to launch their project called prestige lake habitat in gunjur varthur@4770/sq ft….plan is ok but the thing is they have only residential, no commercial or IT sector..so on that area is it the gud option for investment that to @ the rate of 4770..please advice me…can we go ahead…pls pls advice…

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     1. Hi Sunny,

        Yes, Its worth investing in prestige lakeside habitat. Because of Brand, configuration & Association with Disney.

123. Hi Harish, I am looking for a 3BHK apartment, from reputed builders, in south Bangalore . My budget is 70-75 lacs all inclusive. I request you to kindly advice , with your good amount of knowledge and experience in real estate. I wish to book soon and I also require early possession which is by May 2014. Thanking you,
     Rams

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124. @techysharma
     No I based in USA so this is my USA number. Please email me at rohan.pandit85@gmail.com

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     1. Hi , did u buy a property in mantri webcity ? I am also based out of usa and interested in the same. can u advice ?

125. Hi Harish,

     One genuine question. I see many sites, portals talking about Hennur as the upcoming area for appreciation and all.
     But compared to Thanisandra main road and hennur main road- which one will be good for appreciation(investment) and also for end use.
     I see metro coming near thanisandra compared to hennur. And Airport is kind of equidistant from both location. So which one is better compared to other?

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     1. Hi Rams,

        As far as my understanding, currently Thanisandra has better potential compared to Hennur but prices are on higher side. Once the PRR work gets completed. Hennur holds good potential too.

126. Hi Kishor, I think mantri offers you group discount. If you are planning to buy let me know. Even I am interested. My no is 3153805568

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     1. Rohan,

        Even I am interested. Is this your local number?

127. I would like to buy a property in webcity. I want to talk to someone who has already booked one. My no 7259198909

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128. Hi Harish,

     Couple of weeks i had visited Mantri Webcity. I am planning to book 3 BHK.
     Need you opinion on whether to choose No Pre EMI better or Construction based payment.
     Looks like builders are going to pay Interest till early 2015. Post that i will have to bear huge interest, as by that time they would disbursed full amount. And I am not sure of the about the date of completion of new blocks. If it gets delayed by more than a year then i feel no pre EMI option is not a good option. Please let me know your opinion.
     Also if I know correctly, they have huge set of flats coming up with different parcels. And they are slowly-2 releasing them in phases, so that they can sell new phase apartments at a higher rates. Do you see any issues in this like lots of constructions will be happening though you already moved in, price difference , delay in amenities etc?

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     1. Hi Techy Sharma,

        In Case, If you have major burden of RENT + EMI then opt for No Pre EMI or Else go for Construction linked plan.

     2. Hi Techy Sharma,

        In Case, If you have major burden of RENT + EMI then opt for No Pre EMI or Else go for Construction linked plan.

129. Hi Harish,
     Which project is better between mantri lithos, mantri webcity and skylark ithaca in terms of appreciation in 2-3 years? Also can you tell me some good pre launch projects in east and north Bangalore which can fetch hd returns?

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     1. Hi Rohan,

        Mantri Lithos has Location Advantage and fetch you better returns.

130. Hi Harish,
     I’m looking for investing in Mantri or Prestige builders. Could you please advice on any good deals?

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     1. Hi Gayathri,

        Both are equally good builders. If you can let us know exact requirement . I can guide you better.

131. Hi Harish,could u please advice me about the project named HOUSE OF HIRANANDANI@ devennahalli…in terms of investment purpose…

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     1. Hi Sunny,

        Yes, You can invest on the project.

132. Hi Harish, Could you please help me to know on the flats for the investment purpose in budget of 3000 to 3500 per Sqft.

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     1. Hi Amit,

        Which part of Bangalore ?

133. Hello Harish

     You mentioned that HENNUR ROAD would fetch better returns in long run..when u say LONG RUN..you basically what duration to be precise??

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     1. 5 – 7 Yrs

134. Hi Harish, Could you please advise , from investment point of view, which would be better “Hennur Road” or “Sarjapur Road”, for a budget ~ 70 laks

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     1. Hi Sanjay,

        Sarjapur Road is good In terms of High Rental & Short term returns & Hennur Road will fetch you better resale returns in long run.

135. Hello Harish

     Thanks for your responses..

     Please can I have your feedback regarding the “Provident Welworth City” on Yelahanka Doddaballpur Main Road in comparison to the Manti web city project..in terms or resale and rental aspects… Thanks & Regards Habib

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     1. Mantri Web city will obviously fetch you better returns because of its location.

     2. Thanks Harish for your feedback..

        Please could you advise..from returns (Resale and Rental) point of view..which would be better VARTHUR ROAD area or HENNUR ROAD???.

     3. Both are equally good Habib.

136. Thanks Harish for ur suggestion…can we go ahead with this project(prestige lakeside habitat).can u pls give some more information about varthur area….and about prestige..

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     1. Hi Sunny,

        I Can only suggest you after looking into the Prestige Lakeside Habitat project configuration & pricing ( Which is still not yet been disclosed by the builder )

137. Thank u so much harish for ur quick response…..can u give some advice about varthur area as this area have so many international school but road is not gud but in future may b its 4lane …road……area is not so civilised….But Prestige is going to launch its most big project.Pls can u suggest something on this…pls coz we r planning to invest in this project as we missed their shantineketan project for some reason at that time…pls give some suggestion….thanks in advance..

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     1. Hi Sunny,

        No Doubt Public amenities & Infrastructure will develop soon at Varthur.

138. Hello Harish

     Please can I have your feedback regarding the Purva Highcrest” on Kanakpura Road in comparison to the Manti web city project..in terms or resale and rental aspects…

     Thanks & Regards
     Habib

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     1. Hi Habib,

        Mantri Web city is much better when compared to Purva Highcreat in-terms of location, Rental / Resale Returns, Specs & Project Configuration.

139. hi,harish can u please give some advice regarding prestige lake side habitat project.whether is it gud or bad for investment purpose…..

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     1. Hi Sunny,

        Price & Project Configuration of Prestige Lake side Habitat has not yet been disclosed yet. So, Its Difficult advise you at this moment.

140. provide me the price details for 3BHK. i am interested to buy a flat in Mantri web city.

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141. The rate at MANTRI WEB CITY is 4740Rs sqft whereas the pre- launch offer of PURVA SKYDALE is 5000Rs sqft..Purva Skydale is loacted at Off Sarjapur road..which is more developed area compared to Mantri Web city..

     Any suggestions?? Do you still suggest that HENNUR ROAD area would be better in long terms from investment point of view..????

     Moreover there is are many constructions coming in Electronic City which is at reasonable rate of nearly 4000Rs sqft..do you still recommend Mantri webcity more than Electronic city in terms of returns?

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142. Mantri Webcity is quoting around 4740 Rs per sft now. But Purva Sky Dale(Off Sarjapur Road) price is giving pre-launch offer of around 5000Rs per sft .

     Please could you advise if Mantri Web City would be better option rather than Purva Sky Dale…??

     Morever in terms of long term returns..would investing in any project in the Electronic City would be better option rather than investing in HENNUR Road(Mantri Web City)

     Please advise Harish.

     Thanks in advance.

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     1. Hi Habib,

        You can choose Mantri Web city / Prestige Sunrise park @ Electronics City for better long term returns…

     2. Hello Harish

        Thanks for your response.

        I wish to understand if given an option between Prestige Sunrise park(Electronic City) and Matri Web City(Hennur Road) which out of the two is recommeneded in terms of long term returns/rent options etc.If given a choice which should be opted as the investment rates vary between the two projects i.e. rate mantri is offering is 4750Rs whereas Electronic city would be somewhere Rs.4000???

        Morever I need to understand one thing is that if I am investing 4740 Rs in Hennur Road(Mantri Webcity)..under undersocntruction for phase 2 which is due by August 2016..what is the current rate going on in Hennur road then..How will it benefit in long term?? I am keen to understand that if the ready possession flat in hennur road of mantri web city or any other project in hennur is nearly the same rate..then whats the point of taking in underconstruction..

        The same applies for Electronic city…is it worth investing 4000Rs in Prestige Sunrise Park wherein the posession of Phase 2 is 2017…

        I am confused about the same.

        Please can you advise and explain in detail.

        Thanks
        Habib

     3. Hi Habib,

        Percentage of Returns will be almost same in Mantri Webcity & Prestige Sunrise park. Current Avg Price in Hennur Road is Rs. 4500 / Sft and expected Rs. 5500 / Sft in 2 yrs. In case, If you are looking for long term returns…. Its always better to invest in branded under construction projects. ( Better Specs & Configuration ) Ready to move flats are good for rental returns…will not appreciate as much as new projects…Reason, People love to stay in new projects because of better amenities and Features.

143. Hi Harish, What is your view on Pre-launch booking in Salarpuria Aspire versus Mantri Webcity Phase 2?

     Thanks

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     1. Hi AY,

        Yet to Review Salarpuria Aspire

144. Webcity is quoting around 4720 per sft now. But Marthahalli outer ring road (Behind cessana business park) are the price is around 5100 per sft and which is fully developed area. Howcome Mantri webcity on Hennur road charging 4720/- now itself (undeveloped). Pls help me. i’m confused with pricing.

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145. Which building do you recommend for mantra webcity from layput – A, B, C, D. E or U, V, X, etc

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146. Hi Harish,
     Whats your opinion on Skyline Oasis located off Hennur road?

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     1. Hi Sachin,

        Yet to review the project. Request for sometime.

147. Amenities may sound world class and fascinating. But the apartment floor plan or layout was disappointing during the site visit yesterday. The 1740 sqft model flat just does not look that big. Probably bad planning or lesser carpet area – not sure. And the light and ventilation is not all that great. Overall I felt the plan is not justified to give a feel of a 1740 sqft big house, which probably is not the case with earlier Mantri properties. We decided not to go ahead with Webcity property as our current property looks more spacious than this though its only 1685 sqft.

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148. Hi Harsh,
     Pl let me know the best available option in Bangalore for investment in this area with a budget of 60 L and time horizon of 3 years from now.

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     1. Hi Ankur,

        You Can Consider Mantri Webcity / Nikoo Homes / Samruddhi Rhythm

149. Please guide me on investing in Mantri webcity with the base rate around 4700/-.
     Will it be good to go ahead with this rate. What’s the appreciation on the cards in span of 1-1.5years or in longer run.

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     1. Hi Saumya,

        You can invest in Manrti Webcity as its very close to PRR. You can expect 30 – 50 % appreciation by end of 2014

     2. How are you getting 4700/- base price? I think builder is quoting 4890/-.

     3. Stay away from Mantri Web City! I have personally burnt my hands. Totally unprofessional after sales.