Mantri Premero – By Chamman Bagga

From mantrirealty.com:

Mantri Premero is situated close to the business hubs of major IT and outsourcing giants. The project is situated on the Sarjapura Road in close proximity to prominent IT and outsourcing hubs and offers 2 BHK, 2 BHK + study, and 3 BHK flats in a new and innovative concept. It features a state-of-the-art gymnasium, a well-designed swimming pool and ultra-modern internal amenities. Mantri Premero is so designed that the customer’s carpet area and the aesthetics of his/her home haven’t been sacrificed in the race for commercialisation. The flats are a fusion of versatile design engineering and thoughtful planning and will be an exclusive privilege for the members of the corporate echelon who value perfection above everything else.

Review:

The project is located 1 km from Wipro Corporate Office on the sarjapur road. The projects on the main road are coming out to be smaller projects due to high cost of land and Premero is no exception with ~253 flats in 3.25 acres. The location is strategic as it is adjacent to the road that goes to ORR (near prestige tech park) via Gear International School. This is from Sunil Mantri group which is well established in Maharashtra. He is the brother of Sushil Mantri which is the Mantri group well known in Bangalore. Apparently they split amicably and both continue to use Mantri brand name. The quoted price as of June 2011 is 3900 per sq feet base price, but this is negotiable. Open parking is 1.5L extra and 1 parking is mandatory. Floor rise charge is Rs 25 per floor. The buildings have 16 floors. The standard amentities (pool, gym, sona, jacuzi, billiards) are available. I personally think that Sunil Mantri is trying to establish his business in Bangalore, so they will try to do a good job to make their brand name. However, a couple of premium builders have not yet woken up to competition which offers amenities like Tennis court, Badminton court, Squash court even in small projects. The project seems to be small, and it is not clear if Premero will really have the promised open parking available when the project is ready. As of August 2011, 6 floors are laid out already of the total 16. The road widening on Sarjapur road will shift the boundary of the project and this is already accounted for in the approvals. There is a likelyhood of a commercial complex at the front of the project. The project get’s touch competition from DSR, Saket, Mantri-Glades near Wipro. Salarpuria is also speculated to launch a new project soon near Sancity.

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