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Mantri Developers Pvt Ltd

Upcoming Projects : 0|Under Construction Projects : 0|Ready to Move Projects : 28|Sold Out Projects : 0
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Projects In Pune

Kharadi, Pune
₹68.03 L - ₹79.9 L
2,3 BHK Apartments

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Projects In Hyderabad

Ready to Move
Financial District, Hyderabad
Price On Request

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Projects In Bangalore

Bellandur, Bangalore
₹2.63 Cr - ₹5.95 Cr
3,4,5 BHK Apartments

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Hebbal, Bangalore
₹94.7 L - ₹1.2 Cr
2,3 BHK Apartments

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Thanisandra, Bangalore
₹99.59 L - ₹1.22 Cr
2,3 BHK Apartments

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Projects In Chennai

Chennai
Price On Request

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Sholinganallur, Chennai
Price On Request

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Pallavaram, Chennai
₹49.4 L - ₹1 Cr
1,2,3 BHK Apartments

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Reviews on Mantri Developers Pvt Ltd

Summary
Apr 16, 2015 02:09 PM Read

I got an Interview Call on 14 April, 2015 for a position in Mantri Developers. One Mr. Sagar from  Resource Partners(Mantri's recruitment consultant) called me and described the JD. The designation will be Finance Manager who will be responsible for Financial Modelling, Income Valuations of real properties etc. I said ok after considering the position and JD. Next day I visited Mantri’s office for an Interview. The interviewer was a WELL-POLISHED WELL-SPOKEN Dumbo(do not want to disclose his actual name in a public forum).

When I was trying to locate Mantri's office, I called up Sagar. He neither picked up my call nor did he call back afterwards. I felt there was most probably no point to attend the interview. They had already selected someone, I could guess. They would just waste my energy, time and money(Petrol is not available in Bangalore free of cost, of course) and they actually did waste my time.

The job profile as described by Dumbo at the time of interview was different from what Sagar had described. The JD turned out to be MIS reporting.

I am a Graduate in Finance, an MBA and also a CA Final Candidate. Dumbo was most bothered about my leaves required during CA Final exam. I was not trying to join Mantri as a burden for them, of course. I would manage my CA Final exam within the allowed leaves as a regular employee. What big deal was there? As an employee at Mantri one is entitled for at least 10 days leave in a year. Isn't it? If at all I required Exam leaves I would have managed within allowed limits. I don't understand why some interviewers are bothered about all things other than the most important things.

After that he started giving me unsolicited advices. Like you should not take stress in life by taking up job and CA exam together blah blah… Dear I have much better people in my life to take suggestions from. Talk to me regarding technical things for which I was being interviewed. I didn’t go for any marketing/ sales/ broking job there. I went for a job where technical background was the prime requirement.

His next unsolicited suggestion was to concentrate on CA Final rather than concentrating on Jobs. I know boss, how to balance many things in life. I have been managing jobs with much bigger responsibilities than your MIS reporting job. I know what is to be prioritized at what time. I didn’t require such advices from Him. I have to run my family also. I do not have money making machine. I went for an interview, not for taking suggestions.

His next suggestions made me furious. He said… “You need to hone your accounting skills. That will be better.’. I was shocked. The loser was giving me gyans on Accounting skills…  Accounting was not at all a subject matter in that interview. The role was in Finance domain. Even I didn’t talk about it. He unnecessarily started talking about all these. As far as technical expertise is concerned, I challenge him on any assignment. If a line has to be drawn, I will draw it better than him.

He was such a confused soul… He was not sure about how to reject a poor guy who went for some employment with some good impression about Mantri as an employer. His statements were contradictory. I do not know how he deals business transactions… Maybe the brand for which he deals does all the work for him. When a brand like Mantri is already existing, an individual is insignificant. Deal happens just like flow of water.

He dishonestly wasted my time and did my Bheja Fry with his foolishness. Rejection did not hurt me. His immature attitude and inexperience did. And that is the reason I am writing this review. Rejection is more common than acceptance for me and rejection is not the reason for writing such a long review. His behavior is the reason.

Finally to take his insulting behavior to the extreme level… he started reading my skills loudly in this manner… so and so skills blah blah blah. so and so skills blah blah blah. Those were not blah blah blah my illiterate darling. Each word about my skill sets is a hard earned true asset for me. I didn’t include them in my CV just to falsely impress interviewers.

Here I am not suggesting anything based on my experience at the interview. I am just expressing my true and reasonable unhappiness about an employer for whom I preserved huge respect since 2004 till 11 a.m. 15 April, 2015.
Mar 21, 2015 03:11 PM Read

I am a kind of person who likes to invest money in property making. I decided to buy a flat in Mantri group . But there were some rumors about it regarding their delays and all.

I confirmed all those rumors and finalized to buy an apartment over there. It was a good decision by me to buy an apartment.
Jan 23, 2015 10:15 PM Read

Never ever invest in Mantri property, they are cheat, top to bottom, every one is lier, not only one project, across most of the project. They are cash strapped and just trying to get money from customer through false commitment.

I invested in Mantri Espana thinking its a high end apartment and will have good value for money but the Mantri really screwed it up by delaying the project. I thought Mantri is a professionally run organization but turn out to be one of the worst builders around.

They give false commitments and keep on changing dates, they don't have 3 months visibility on there project, how can somebody say that project will be ready in 3 months and then project get delayed by more then 9 months, either there project team is dumb or they just lie and they do it across the board.

Their team sucks, top management, Snehal, Sushil give a damn to customer complaint or ask, they don't even respond rather they direct all queries to GM Raghuvinder Pathania, who doesnt know how to communicate with clients, he feels that he is don't a great Cavour by responding to clients, he is just useless, Mantri seems to have kept him to handle all the unhappy customer by pushing them. He is more of a goon for Mantri's to deal with client.

Don't know where to go now, stuck with them by paying for my apartment that's why warning as many people as possible not to get in trap.

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Jan 20, 2015 07:00 PM Read

Mantri espana is a great example of commitment from Mantri developers, they just kept making fool out of customers. The project team is so pathetic that they don't have3 months visibility, Ms. snehal mantri and her project team confirmed to me that they will deliver the apartment first by Se-14 and then Dec-14( dates which always keep on moving, have been moving for last 6 years) but till date the project is not near completion. I'm surprised that in Sep when they confirmed about Dec-14, they didn't know hat they will be able to do in 3 months.

One of the worst developers in India, would recommend all to refrain inverting / buying any Mantri property. There sales team give big promises but they are completely flat on commitments.

I really doubt the capability of Pathania( GM), he has no clue about the project, hardly meet any client and understand the word credibility. Looks like Mantri has kept him as " Security Gaurd " for this over all project. The worst professional I have seen.
Jan 06, 2015 06:37 PM Read

After thorough research across multiple sources, we finally zeroed in on Mantri Lakeview for our very first home. Starting from our interaction with the sales team our buying process has been smoother than smooth.

All our queries, small or important have been answered at the fastest possible time with the utmost patience. Our handover though late was fairly compensated. After hearing several horror stories with other builders we consider ourselves lucky to be taking this step in our life with the trusted Mantri. I would heartily recommend Mantri Builders to one and all.
Jan 05, 2015 01:26 AM Read

Mantri a Professional Cheater - I have a simple employee.taking loan had purchased a flat  in Mantri Celestia in 2009. till now he has no basic human value to handover the flat to the buyers.

This was my first investment with a high trust on Mantri for my home. He has cheated and no proper response atleast. Mantri has taken 95% of disbursement from Bank and cheating all the owners and not even providing proper agreed norms.

Useless fellow Mantri.they will have a dogs death. how many days he will live cheating poor innocent buyers.
Dec 31, 2014 10:55 AM Read

One of the worst builders. Alpyne is delayed by more than 1 year. Even after such a huge delay the management seems to behave as if all is well.

People who purchased are the worst sufferers as they had made plans to move in December 2014 and also had arranged to admit their kids to nearby schools.

Now they are not even telling the possession date for Phase-1. So much for their experience & professionalism!

The management does not communicate with the customers and only busy in collecting the awards. Everything left to the incompetent CRM team. Mails sent to Snehal, Sushil, Wecare & Feedback IDs are not responded to.

There is no proper feedback addressing mechanism. Very pathetic people and horrible experience. Please do not put your hard earned money in their projects.

Terrible company and I am regretting now.
Sep 20, 2014 09:26 PM Read

Mantri  is a reputed builder . Based on this brand image I booked a flat in Aug 2011 and locked up nearly 76 lacs. They were supposed to hand over possession in November 2013 . It was then postponed to Nov 2014. Now they say it will be done only in March 2015.

The compensation agreed upon is a paltry 3% per sq ft which is pittance. at the time of booking we never believed that the project will be delayed by years and therefore did not bother aboutht he low compensation.

Request other buyers in this project to come together so that we can ask the builder for fair rental value as compensation from Nov 2013 till date of possession.
May 17, 2014 04:14 PM Read

I have been trying to get a residence of my choice for a long time. After a lot of searching and researching, we came upon Mantri Developers. This is my third home and personally, I feel nobody has instilled this sense of confidence in us.

Their project ideas are fresh, innovative and up to date. The lifestyle amenities that they provide are also an extravaganza. Then clubhouse is a beautiful place to relax yourselves and the lush green lawns and gardens are amazing. Another thing that I really admire about Mantri Developers is their sense of commitment towards customer satisfaction.

We have bought a house at Mantri Synergy in Chennai and it has been one of the best experiences. Any complaint/ query is solved effectively and also taken up by the builders. The amenities that they provide are also reflective of a community lifestyle that they urge from us, as residents. They aim to create a community that will nurture, nourish and support each other.

Apart from that, then technicalities are also well met. Electrical plug points are sufficient and bathroom fittings are well designed. Water treatment is practised and thus, drinking water is not a problem. Also, we have water conservation technologies that help to save water. Environment consciousness is evoked by the technologies that Mantri has installed in the complex.

Therefore, Mantri Synergy has redefined my notion of a perfect abode and helped me nestled comfortably in the kind of space that I have always needed.
Apr 29, 2014 02:34 PM Read

Mantri Developers has started a scheme for all smart investors to double their money in 3 years, see the PR extract here:

"The new year brings in added reason to celebrate as Mantri Developers  presents a lifetime opportunity for its customers to double their investment in just three years. Furthermore, the customers get to own a residential address at the city’s most talked about upcoming residential  project - Mantri Webcity.

Mantri Developers assures to double your investment in just three years on investment for Mantri Webcity. This one of its kind offer by a leading real estate firm which is assuring 100% ROI as a value add to its customers. Suppose one wishes to buy a home in Mantri Webcity worth Rs. 60 Lacs – 20% of the total value of the home which in this case is  about Rs. 12 Lacs will be the customer’s contribution the balance amount of Rs. 48 lacs will be paid through a bank loan. On the bank loan customer does not have to pay any interest till March 2017 and on the customer’s contribution i.e Rs. 12 lacs, Mantri Developers will assure 100% return, which is Rs 24 Lacs by March 2017."

By looking at the advertisement, like most of you, I thought its one of the the best risk-free instrument available in the market. So, wanted to get more details to make sure their assurance is reliable; called up bunch of sales guys from Mantri as well as other sales channels like IndiaHomes & India Infoline to get more details.

But, after talking to all of them, realized that there are so many hidden factors, which can bring you sleepless nights.

Here are my findings:



  1. The price per sqft is highly bloated(not even close to other competitors in the same region/area), which was even accepted by their sales executives. They are asking 4990 per sq.ft as a base price and a sub-1000 sq.ft apartment on a ground floor is going to cost 60 lacs. So, if you are planning to buy this for keeping it for yourself and not as investment, you are paying almost 50% premium than the market in the same segment. And if you are looking it as a short-term investment of 3 years, you are already paying the price closer to what it could be after 3 years.



  2. Like most of their projects, the efficiency of super built-up area to carpet area is below industry average. So, you are actually paying much higher than other builders.



  3. Now, lets come to their "assured double your investment in 3 years"





After series of serious discussions with their executives & managers (as we were looking for group booking of 5+ units), they provided with a term sheet on their letterhead (an eyewash to fool common public), which cannot be referenced during any legal issues. After insisting them to provide the term sheet as part of sale agreement OR as an annexure to sale agreement, they clearly stated that, they cannot make the terms neither as part of the sale agreement nor as an annexure and hence it doesn't hold any legal value.



  1. The terms sheet has a clause that if the investor/owner decides to return back the property, he/she should inform the builders six months before the proposed possession date. But, there is no assurance when the investor would receive the refunds.



  2. Although they mention about interest payment during pre-EMI period, there is no clause about missing payments.





So, Mantri is trying to get the project funded by individuals (like crowd-funding) using their credit rating, at a cheaper interest of 10.5% p.a instead of lender rates of 18-24%

It's a very clever & deceiving scheme, where individuals would invest based on the brand value & there is no guarantee that they would stick to their terms as its not legally bound.

Please understand all the consequences before investing in this project or scheme.

Thanks,


  • Kj


Dec 02, 2013 03:11 PM Read

Me & my wife had been house hunting for a while trying to find the best possible option to invest our hard earned money. Among many other names we came across Mantri Developers & their project Mantri Courtyard.

As we did a thorough research, apart from a few negatives we did not find anything majorly skeptic. Mantri stood out to be one name among the lot which had delivered in the past & could be trusted with our life's savings.

Finally we met the staff at Mantri & were extremely delighted. As we put forward all our concerns & limitations, they answered each & everyone happily.

After a deep thought & analyzing everything, we zeroed in on Mantri courtyard & our pretty confident they wont let us down.
Oct 01, 2013 03:14 PM Read

We spent a long time planning to buy our new home. We went to every builder’s for search a good home for almost 3 months. Our goal was to have a low maintenance home that fit our lifestyle.

With Mantri Builders help I believe we have succeeded. Now that our home is good, we still believe our choice was right. Of all the builders we contact you were the most accessible to our ideas without having what I call ‘Builder’s Approach’; and all of your completed homes showed quality building.

Thank you very much, well done. We will always recommend Mantri Developers to those searching for a new home.
Sep 30, 2013 06:33 PM Read

Mantri Espana community in Bangalore supposed to be a super premium top deck Spanish community has turned out to be a saga full of unfulfilled promises to say the least.

The owners continue to fight with Mantri for getting delivered what they've paid for several years ago. Having paid crores for a premium community complex, residents are still living in filth and dirt and praying to God that one day they will live in peace with amenities they paid their hard earned money for.

To know more check out http:\dinesh123.wordpress.com
Sep 30, 2013 02:13 PM Read

I had bought a Home in the project of Mantri Developers in HOSSA Road Bangalore. In the year of 2009 I and my wife were planned to buy a home in HOSSA road location. Before came to this builder we had went to many builder whose project was started in this location. But in each of them there were many issues like cost of the flat, quality of product used, possession of the flat etc.

At that time I got info about Mantri Developers from one of my friend Soorya Pratap. His uncle already had bought the flat from their project. It was a good things for us. In June 2009 we booked the flat in this builder by giving the 80K as the booking amount to them. I got very good help from their sales team member, and their CC have given answer for each issues which were little bit with us.

Thanks to all peoples which had helped us in this big deal.
Sep 01, 2013 04:39 PM Read

Dear Friends,

Due to inordinate delay in handing over the possession of the flat by Mantri, the buyers are under stress due to burden of EMIs and the developer's strategy to siphon off the money paid by buyers of residential flats to finance the completion of the commercial wing of the project.

This is evident from the fact that the builder has completed the slab work quickly to realize almost 80% of the amounts due from buyers on slab completion and now the project has been slowed down. The developer cites reasons such as lack of availability of sand, cement and other construction materials apart from floods which happened some 2 years back for less than a week.

What builder has eventually done is to raise money from the unsuspecting buyers at very low cost(penalty for delay is some very small amount which comes to less than 1-2% per annum interest cost to builder whereas the bank lends to them generally @14-15% per annum), and use the money to finish other projects.

I would like to invite buyers like me to come together and plan some legal action against the builder's unfair trade practice either through the consumer court or Competition Commission. In case you are interested, please connect with me at abhishek.anchlia@gmail.com

Thanks & regards,

Abhishek A

+91 77029 88778.
Jul 01, 2013 05:53 AM Read

Mantri-navratna: Getting delayed for an year. Initially when we made the payment, in Dec-2010, I was committed that they will hand over the apt in Jan-2013. Now, they keep on postponing the handing over. Looking at the progress of the construction, it seems that the possession can take place only in 2014. They are least bothered about the delay. Their reply is very casual, as if they are doing charity service to the customers. They have very skeleton manpower to construct the buildings. with less than 10 people, the construction is now progressing at any point of time. the balance manpower has been diverted to their other sites which are coming up in Chennai. I had paid the 90% of the cost , a year before. our problem is not sensitively taken by them as usual. I heard lot of bad/sad stories about mantri synergy. but still took risk of investing in Mantri. now I am paying for it.

Dears, pls do not invest any money in Mantri. They are real cheaters. their main moto is to make money money money by some how......

They themselves will give awards to themselves and promote in public and websites to cheat the customers. Nothing reflects in their customer service, Quality , keeping the commitments. God only can save all the existing investor from mantri.
Mar 24, 2013 05:55 AM Read

I stay in a dirty apt in jp nagar 9th phase IMG ELITE.no water here from 10-4.poor construction and recently one man hanged himself on the 3rd floor. Pls stay away from img elite
Jan 24, 2013 07:13 AM Read

I made a mistake by investing in Mantri Navratna. it is the biggest financial mistake of my life. They simply not even bother to reply to you once you book the apartment, except for payment.

Their staff in Chennai Lokesh talks as if he is a Ladu labakku dass, doesn't even have the courtesy to talk politely with customer. the project is delayed by almost 4 months from 15-mar-2013 to 30-june-2013 and the Mantri staff doesn't give explanation for this delay. After coming in contact with one of my friend who also unfortunately invested in Synergy, I am worried about the quality of the construction. even GOD cannot save me from these money monsters.

Please also go through the following

https:// https://box.com/s/ffe1bf162d556cf64bde
Jan 22, 2013 09:29 AM Read

I made a mistake by investing in Mantri Navratna. it is the biggest financial mistake of my life. They simply not even bother to reply to you once you book the apartment, except for payment.

Their staff in Chennai Lokesh talks as if he is a Ladu labakku dass, doesnt even have the courtesy to talk politely with customer. The project is delayed by almost 4 months from 15-mar-2013 to 30-june-2013 and the Mantri staff doesnt give explanation for this delay.

After coming in contact with one of my friend who also unfortunately invested in Synergy, I am worried about the quality of the construction. even GOD cannot save me from these money monsters.

Please also go through the following

https://box.com/s/ffe1bf162d556cf64bde
Nov 28, 2012 10:59 AM Read

I am a resident of Mantri Synergy, Chennai. The lift is not having a very basic safety mechanism that when power goes off, it doesn't go on to the nearest floor to open it up.

If power goes off people will be stuck and if there is no electrician to do the switch over to the DG power that is stay there in the dark and if you are lucky to survive then some one will come and open the door for you.

Staying in 8th floor there is no option other than using the lift. Very basic security feature is not there in the lift of this so called "HI-TECH" apartment. Frustrated living here.

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