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PRICE COMPETITIVENESS
LOCATION QUALITY
BUILDER PROFILE
CONSTRUCTION QUALITY

The Project Site is located on Kanakapura Main Road, Subramanyapura, Bangalore, Karnataka, India. The Project Site is accessible through a 80ft wide Kanakapura Main Road. The Project is located next to EKYA School and close to Iskcon Temple. The Kanakapura Main Road runs parallel to the East boundary of the Property.

Below table provides a snapshot of the Project:

Type of ProjectResidential
Developer NameMantri Developers
Project LocationKanakapura Main Road, Subramanyapura, Bangalore
Land Area 20 acres
No of Units 1425
No of Towers / Blocks6 Blocks
Units Configuration 1 BHK - 661 sq. ft.
2 BHK - 1137 - 1159 sq. ft.
2.5 BHK - 1345 - 1367 sq. ft.
3 BHK – 1571 - 1750 sq. ft.
No of FloorsG+22, G+23, G+27
Completion Timeline Phase 1 is Ready to Move-in; Phase 2 & 3 is Dec’19

Price Rating: BETTER THAN MOST

We have benchmarked Mantri Serenity against other high-rise apartment projects on Kanakapura Main Road within 5 Kms radius. The arrival of Namma Metro has improved the connectivity of Kanakapura Main Road with the rest of City significantly. Prices have also shot up by over 15% on the Kanakapura Main Road in the last 2 years. Phase 2 of the Metro will increase the connectivity from Puttenahalli to Anjanapura providing major fillip to demand for residential projects on this stretch.

We found the price of Mantri Serenity “Less” compared to prices of other competing projects on Kanakapura Main Road. Capital Value of Mantri Serenity will see healthy appreciation in future post the completion of Mantri Arena Mall adjacent to it as well as the proposed Forum Mall at Prestige Falcon City.

Project NameDeveloper NameLocation Units Sizes Price Expected Completion
Mantri SerenityMantri DevelopersSubramanyapura, Kanakapura Road 661 – 17506190Dec’19 (Phase 2)
Prestige Falcon CityPrestige EstatesSrinivaspura, Kanakapura Road1204 – 28696500Dec’18
Nitesh Caesars PalaceNitesh EstatesMunicipal Corporation Layout, Kanakapura Road1199 – 23986000Completed
Sobha The Park and The PlazaSobha DevelopersTalaghattapura, Kanakapura Rd1296 – 17066500Sep’19
Prestige Lake RidgePrestige EstatesThurahallai Road, Subramanyapura1314 – 18904600Dec’17
Mantri TranquilMantri DevelopersGubballa Main Road, Subramanyapura1270 – 20005600Completed
Prestige Brooklyn HeightsPrestige EstatesJP Nagar 1st Phase, Kanakapura Main Road1875 – 35998500July’17
Shriram Southern CrestShriram PropertiesJP Nagar 1st Phase, Kanakapura Main Road1300 – 32357300Aug’18

*The quoted price is base price of the unit and does not include car parking, floor rise, club house, deposits & taxes.

NOTE: Price last updated on MARCH 8, 2017.

Price Rating: BETTER THAN MOST

Mantri Serenity is located on Kanakapura Main Road, Subramanyapura, Bangalore. The immediate neighborhood is a fast developing residential place having several prominent large residential apartment projects from top builders such as Sobha Developers, Nitesh Estates, Mantri Developers and Prestige Group. The locality also has decent social infrastructure having sereval schools, retail shops and hospitals within 3 Km radius. With the arrival of Phase 2 of Namma Metro on Kanakapura Main road, connectivity of the Project with the rest of Bangalore shall increase multi-fold.

LOCATION HIGHLIGHTS

Immediate neighborhood

Mid income neighborhood with largely small houses and several gated community residential projects.
Landmarks nearby

Ekya School is next to the Project. Metro Cash & Carry is 2.2 Km from the Project in the north direction.
Access Roads

Directly accessible from 80ft Kanakapura Main Road. Outer Ring Road is 4 Km in the North while NICE Road junction is 4.7 Km from the Project.
Metro Rail

Nearest station is Iskcon Krishna Park on Kanakapura Main Road which is within walking distance from the Project.
Train Stations

Bangalore City Railway Station (13 Km); Kengeri Railway Station (13 Km); Ye-shwantpur Railway Station (21 Km)
Airport

Kempegowda International Airport is 47 Kms away.

SOCIAL INFRASTRUCTURE

Builder Rating: BETTER THAN MOST

Mantri Developers is a top developer based out of Bangalore with additional presence in Chennai, Hyderabad and Pune. It is primarily known for residential projects though it owns few excellent retail malls such as Mantri Square at Malleshwaram in Bangalore, which is the largest operational mall in India, and Mantri Junction at JP Nagar, Bangalore. Since its inception the company has delivered over 25+ residential, retail and commercial projects. The company has over 200 full-time employees with a very strong & experienced senior management team.

Mantri Developers has excellent banking relationships with almost all leading Nationalised & Private Banks, NBFCs, Housing Finance Companies and Private Equity Funds.

However, we have downgraded the builder rating from 10 to 8 because of recent issues (both quality & regulatory) faced by several projects of Mantri Developers.

Builder NameMantri Developers
Flagship Company NameMantri Developers Pvt. Ltd.
AddressNo. 41, Mantri House, Vittal Mallya Road, Bangalore - 560001
Year of Establishment1999
Managing DirectorSushil Mantri
No. of Projects Completed25+
Popular ProjectsMantri Pinnacle and Mantri Square
Company Website http://www.mantri.in

Construction Quality Rating: BETTER THAN MOST

We found “Excellent” Quality of Construction in all its completed projects. The Company outsources the construction to large EPC firms such as JMC Projects and Tata Constructions. The builder works with well-known project consultants & hence buyers can expect a good quality product for the given specification.

However, we have downgraded the construction rating from 9 to 8 because of recent accident that happened at Mantri Mall at Malleshwaram.

Construction ContractorTata Constructions, a subsidiary of renowned Tata Group.
ArchitectAshok Designbuild, a young and unknown architecture & design firm based out of Bangalore. They have done very few projects till date. Ashok Designbuild is working as an architect for the proposed Krishna Lila Theme Park at Kanakapura Main Road.
SpecificationsStandard specifications such as Vitrified tiles in all rooms, living & dining areas, Engineered Wood Door Frames for the main door and doors in all the rooms, UPVC 3 Track windows with mosquito mesh, Hindware or equivalent for Sanitary Fixtures and Jaguar or equivalent for CP Fittings.
Expected CompletionDecember’20

AMENITIES & LIFESTYLE

HEALTH & FITNESSGREEN ENVIRONMENTLIFESTYLE & DESIGNX - FACTOR
70,000 sq. ft. Club-house with Gym.

Aqua Gym.

Aerobics / Yoga Room.

Badminton Courts.

Squash Court.

Indoor Games Room.

Billiards / Pool Tables.

Cards Room.

Indoor Swimming Pool.

Tennis Courts.

Jogging Track.

Children Play area.
Sewage Treatment Plant.

Landscaped gardens and walkways.

Rainwater harvesting system.

Butterfly Garden.

Herb Garden.
SPA.

Banquet Halls.

Crèche.

Home Concierge.

Laundromat.

Tele Medicine Centre.

Departmental Store.

Terrace Garden.

Mini Theatre.
80% Open Ar-ea.

Next to upcoming Mantri Arena Mall.

We didn’t find any regulatory and environmental risks associated with this project. Builder has obtained all the necessary NOCs from the concerned authorities and building plan sanction from BBMP. The PRoject’s master plan is approved by BDA.

Buyers are advised to perform an independent legal and technical due-diligence of the project before their investment.

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