Mantri WebCity

 Posted by on March 30, 2013  Tagged with: , ,
Mar 302013
 

Mantri Developers has announced the launch of their new apartment project called Mantri WebCity designed as a Web Themed township. The project located on Hennur Main Road will offer aparments in 2/3 BHK configurations.

Mantri WebCity Options

  • 2 BHK
  • 3 BHK
Area spanning 1155 sft.to 1740 sft.

Mantri WebCity Location

Hennur Main Road

Mantri WebCity Price

Basic price starts at Rs. 54.74 lakhs as of March 30th 2013.

Please refer to review article for Mantri Aura for more details and discussions

 

  306 Responses to “Mantri WebCity”

  1. Hi All, I have a specific query on Mantri Webcity UDS. I have heard multiple versions regarding UDS:

    1. Because Phase 2 design is not ready, it will be mentioned specifically in sale agreement and exact UDS will be given only at the time of delivery.

    2. One of my friend who has purchased in web city updated me that UDS will be constituted only of Plinth area and Common are, not common amenity area

    3. The UDS will be approx. 30% of salable area (say, 30% of 1450 sq feet for a 1450 sq feet 3 bhk flat).

    I had a discussion with one of Mantri sales guys. Updates are:

    1. As per him, in all previous Mantri projects, UDS has been calculated on the basis of only plinth and common area

    2. This is common with all Mantri phase wise projects.

    He has not yet replied to following questions of mine and has told to come back with right answers :

    1. UDS % of some of the previous Mantri projects, specially, if there was a phase wise project
    2. Confirmation that there is no difference in UDS calculation approach though it will be done in future.

    Now, my question to all you guys:

    1. What is the general method of UDS calculation ? Does no one include amenity area while calculating UDS and its only plinth+common area divided by flat sqfeet area?

    2. What is approx range for UDS (like for carpet area , its 65-78%) ?

    3. Any one know approx range of UDS for manrti?

    4. Is it with all builders who execute phase wise project project that they do not disclose UDS till all phases are executed?

    5. Whats the general trend with multiple phase projects on UDS handling?
    6. How much UDS is important from buyer’s perspective (like during redevelopment)?

    7. If some of you who own a flat can enlighten on % of UDS u hold compared to your flat size?

    Note : I am neither an agent nor a doomsayer for webcity project. So, all those who want to guide me on how good or how bad this project is , please refrain from replying specifically to me.

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  2. Please dont get fooled. I had booked an apartment K-306 , tehy gave a detailed finacial plan. I paid 1 lakh and later they said the plan was different and I opted out. till now they have not reapid that amount. Imagine after three years saying they will pay 100% more on Initial deposit.

    mantri has bad reputation when it comes to dealings. Be acreful friends take everything in writing before you make payments.

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    • Dear Abraham

      We totally understand how disappointing it is when expectations are not met. But this is definitely not what Mantri Developers stands for. Our customers satisfaction is of utmost importance to us.
      We request you to send in your details to us at wecare@mantri.in and we will look into the matter and resolve it at the earliest.
      Give us a chance and let us prove to you that Mantri is a name you can surely trust.

      Regards,
      Mantri Developers

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    • I really don’t understand when you say that mantri has a bad reputation when it comes to dealings! How many deals have you had? How many people have told you so? You see, from my one single deal and many of my friends who have had dealings with Mantri I can say that I have not had any major problems. I have always been addressed to properly and also my minor issues. Please don’t create doubt and panic in genuine buyers, go to Mantri and sort out your issues as they have asked you to.

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      • Hi,
        I agree to the fact that don’t take ONE DEAL OF YOURS and generalize that MANTRI has bad reputation.
        I have been dealing with Mantri reference to Web city project (Which i booked after going around Bhartiya/ Shoba and many others). My Personal experience with Mantri is very good.
        People at site including manager (I don’t hesitate to praise him Mr. Muali) are good to deal with. More over i an in the scheme of 80:20 (Except few months, which was delay of some days) all the interest payments to owner are fairly on time.

        My personal views…only

        Good luck in your home search

        Br/ Surender

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        • i also spoke with mantri..and not happy the way they told me..They will not pay any penalty for the delay and agreement will be one sided only.

          The first block do not have enough exit points..so think before you book

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      • How many deals peopel have does not matter, I had a single deal and it was bad. For those who had good experience please carry on. This is just a warning to people not to get fooled the way I had. One does not have to get fooled many times to arrive at an opinion like this. Till date my money is not refunded.

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  3. Hello Market Experts,

    Today I visited the project Mantri Webcity and on the first appearance I think that it is a well planned project. I liked all the tech and security features but I am looking to purchase purely from residential purpose and NOT from investment. I have shortlisted 1445 and 1740 3BHK apartments in R block in Parcel 3.

    The on-spot rate they have started is 4990 and during the initial discussion he came down to 4690 ( giving a discount of 300/sqft) plus floor rise charges. Possession quoted for this R block is August 2016.

    The Pre-EMI schedule is closed and I am considering it to buy in 10-80-10 scheme.

    My question to all the market experts and existing buyer is -

    1) Is it worth to spend on this project @ 4690/sqft rate?
    2) If the project is good, what is the best rate I should negotiate for?
    3) What are the future prospects for area development in terms of public transport, water etc

    Looking forward for your comments and valuable advise so that I can take the right decision.

    Thanks in advance

    Regards
    Gaurav

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    • I would suggest to wait for another 6 months..nothing is going to get changed. Since the new government has taken place..there is a higher chances of Real Estate regulator coming in place..
      dont believe the promises made by the builders..i can say all builders will let people to knock the
      court..they have all one sided agreement…they sell the car parking space and there is no possession date gaurantee..

      So wait once RER comes in place.. i am sure there will be only few players who are big..the prices are not going to rising 30-40% annually..better wait and watch.

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    • Had a look at the project and went to see the site, the location of R block is good. as you are looking for residence please do watch the distance that you would have to travel to the main raid

      1) Is it worth to spend on this project @ 4690/sqft rate?
      the project is opening up on the main road and the way this area has come, looks to be a good price.

      2) If the project is good, what is the best rate I should negotiate for?

      The project is good as compared to other projects in that area, but do look at few of the projects details which looks to be the grey areas, the marketing is telling in a sugar coated way

      a. the project has a couple of drains passing through it (whether they are storm water drains is not clear)
      b. the inner road connecting the project to hennur road looks to be public road

      some people might take the above in negative some in positive but it’s always good to know before going for it

      c. amenities as they are going to sprung across the project with roads criss-crossing it. as you are looking for R block it is probably the best location within this project to buy in

      3) What are the future prospects for area development in terms of public transport, water etc

      Public transport is going to be good, as told in point 2 above the inner road might turn out to be public road, water it’s seems like has come at the outer ring road junction only. doesn’t know about borewells

      other things please check with the marketing before buying- didn’t got clear answer
      a. UDS – that they are going to offer, as this project is residential + commercial project
      b. construction of blocks is at snail pace – though they have been developing the main entrance and roads at good speed

      marketing is not clear of grey areas so please do seek for the answers before buying and update us too

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      • Yesterday personally visited Poorvankara Hannur project along with Sobha city, RAGA, Nikoo home and Mantri webcity!

        Let me tell you all considering the location advantage, price aspect along with WOW factors no one can beat Mantri webcity

        Being an investor I liked this project and now I am going to book a Flat in V block 1445 3BHK at 4690 base price

        cheers!

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    • Hi Gaurav,

      Did you book R Block flat.

      Thanks.

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    • did u book?

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  4. Hey,
    I am planning to buy an apartment in Webcity in pre-EMI and assured return scheme. Wanted to know from existing buyers about their experience.
    What are the documents provided by Mantri for the scheme?

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    • Hi Sid,
      Experience of buying totally depends on the sales rep who you get to deal with. He/she can make your experience a pleasant one/nightmare. They are your only window to Mantri. In my experience after dealing with a few of them there are some ok ones and some terrible ones for this project. It’s absolutely vital that the sales rep responds to your questions quickly because you definitely will ask a lot of questions in the process.
      You can get in touch with me on vinaykraju@gmail.com
      Best of luck.
      Cheers.

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    • I have booked apartment in webcity under pre emi scheme last year. I agree that they have delayed to pay pre emi intetest for around month but never came across situation that they denied to pay at all.

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      • @josh: just the beginning. They are yet to fool enough people to purchase this cloud connected trash (which in itself is an enigma as nobody knows what it is) . Once they have a substantial mass of fools then they will do the same. Would love to see the reaction when that comes. Amen !

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        • @sahin, this is what shows ur thoughts. U r just a pessimistic person and want to always hear about negativity . When i have taken a house i have done all the analysis and i am confident to have invested in a good ptoject and good location . Only thing i can say is u need to wait n watch the area grow into a place which wud become anothr jp nagar or indranagar n evn better than those as thr r no it sector there unlike hebbal/yelahanka. Then prices wud b unaffordable. N i have understood one point that u alwys say crap or thrash for cloud service n all. If i explain wat is the use of all that, definitely u wud bring up a negative theory there as well. So if u r genuiely interested to know, get the brochure n read. I have also not taken contract to spoon feed u. I dont think there is ny place in world which can satisfy us if we r just bothered about negativity. We should try looking for a place which best suits our interest n limits. Then wecsurely can get a good deal or otherwise we need to continue complaining of al things in world n never get anything out of it.

          I know u wil again reply on this with some points of ur own which wud nt lead anyone to anywhr. I tell to all tht its un necessary to write to u as u can find one or the other thing n argue on it. Better people shud not reply unless u improve to hav a healthy conversation instead of blaming people who express their views. A fool can ask more questions than a wise can answer. So i wud better nt answwr u n waste my time. I m not bothered to please u or prove to u.

          P.S. when u can call people who discuss their views as morons, it gives us the right to call u fool as you dont have any respect to other people which is all the more essential in today’s world of globalisation where integrity n respect to indivifual r a key forbetter world which ofcourse begin at forums/societies. Good bye!

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          • Good Shot at sachin_federer.. he just goes around shooting his you know what, off. Totally negative. Needs help. At the most he will finally get only a 6*3, seeing he says Amen. Your Amen too ( since this is in Karnataka and kannada is the language), s_f.

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          • @josh : wow. joke of the decade. Hennur Road/Thanisandra Road becoming better than Indira Nagar. hilarious. and you crib when people call you moron !

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        • Hello Dude/Sir/Uncle/Man, whatever you are?

          I see that on almost every project, you have one or the other NEGATIVE review.
          On PLH review, I was trying to understand your thought process.

          Seems like you are troubled by the state of Real estate altogether and have cumulated an animosity towards all builders.

          Whenever I make my mind positive for a project, I see a sachin_federer complaining about it. I am frustrated.

          I am requesting you therefore, to please reveal where have you have invested. I will close my eyes and invest there.

          Or at least suggest me a good project for investment returns.

          My budget for a 2 BHK flat, at least 1200 sq ft area, is 75 Lacs – for a top builder.

          Thanks

          And PS: Real estate will evolve the way it wants to, irrespective of whether its wrong or unjust, or demand more than supply, or how you feel about it.

          I was in Mumbai for 20+ yrs, so I have seen people getting disturbed by unjust behavior of builders. But it became what it is.

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          • @Om : so your life in Mumbai has mentally scarred you. go and see a psychiatrist. you need medical help my friend if reading a negative review frustrates you !

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            • Hmm. Its not “a” negative review. Its “the negative reviews” you have been posting everywhere.

              And I asked you a positive suggestion at the end, but you could only see the intended negativity in my comment, lol, which was obvious.

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              • @om shankar, josh and others who are unable to digest negative comments from sachin_federer; why are you so pissed off when you see negative comments?
                You are also saying that all are equally junk projects and builders and hence you are investing in the best of the bad ones; all the best to you guys! But agree that whatever sachin_federer saying is true; that all projects are negatives these days.
                Mumbai has land scarcity and hence the prices have zoomed; don’t bring Bangalore into same basket. Use some sense and search for information before falling for these builders’ reasonings.

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                • Everyone’s pissed off because sachin is negative on every builder.
                  That’s why I have asked him to suggest a few projects which he thinks is better.

                  Most are already aware of the fact Mumbai/Bangalore space thing. But if a person wants to live in Bangalore, and wants to invest in a project, this sachin throws a bomb immediately on that road.

                  People already know that there are some probs with each builder. Top builders like Sobha, Prestige, also have some prob.

                  So what? I want to live in Bangalore. I will pay money for that.

                  Sachin says he is trying to save hard-earned money of ours to go into wrong projects.
                  What is the right project then?

                  Where has he invested, or is living?

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                  • @Om : you speak about yourself and dont pretend to be people’s representative. Its a forum and not a political rally. For “everyone” that you claim to be pissed, there are more people who are thankful. Read the forum. Yes its in English.
                    Senseless to compare Mumbai and Bangalore as far as RE is concerned. Mumbai – space is an issue as its surrounded by water. Bangalore – no such issues. An Airport created 40Kms away from city center and bingo- a huge land bank became available. Extend the city beyond Hoskote and you have another huge area to develop.
                    And please dont spread lies – i never said I am trying to save people’s hard earned money. not my job. you want to throw your money in gutter please do that by all means. I have no interest in saving your money. thanks and dont respond back as i can clearly see you are an ignorant tool who cant even read a forum properly !

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                  • “Senseless to compare Mumbai and Bangalore as far as RE is concerned. Mumbai – space is an issue as its surrounded by water. Bangalore – no such issues. ”

                    Absurd Logic Sachin. Like to hear your reasoning for Delhi’s RE prices?

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                  • I can continue argueing with another absurd logic – with global warming, 25 to 50n years down the line, mumbai and chennai will be under the water. so shouldn’t investors be flying out of these cities making the RE dead cheap sooner if not today?

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                  • @sachin_federer: I am not ignorant and I clearly know the difference between Blr, and Mumbai. So do not change the topic (if at all you understood it)

                    The topic at hand is 2-fold.

                    1. There is huge fire at your back, for the state of RE in Bangalore. Please try to extinguish it.
                    Since you cannot change how the state of RE is, or is going to be, at least do not spread fumes of your ruckus.

                    2. People are, if not super intelligent like you, at least sensible to know that every builder has a problem or two. Instead of pointing out that, you can suggest a good project. One guy even wanted you to spoon feed him.

                    Everyone reads -ve comments, and no one is pissed off. But it is frustrating to see a guy commenting only -ves on every property. Such people have a word for them – Cynic.

                    And yes, I clearly remember you giving the excuse that you are trying to save the hard earned money of people, when you were screwed on another post by people who were frustrated by ur arse-fumes.

                    So not lying.

                    And admin, please approve my comment, as sachin is using harsher words, yet getting his comments immediately. Let him taste his own medicine.

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      • Hi Josh,
        Could you please let me know if your payments are on time now… You had mentioned that you had issues(delays). Have they been sorted out?

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      • Hi josh
        I want to know about your interest payments back from builder. Are you getting payments fine. Woukd u recommend this scheme. Do u mknd sharing ur number.
        Thanks
        Jitendra

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      • need to discuss on EMI, ps share your number..

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    • I have bought under pre-emi scheme – tower B. Mantri has been delaying pre-emi payouts for the past 6 months. Luckly they have paid all the emi-pay outs so far. However considering that 9 more payouts pending – its making me a little nervous :-( (approx 4.5 lakhs!)

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  5. Hi, I am looking to book a flat at Mantri Webcity. heard that there is a price escalation clause in the agreement. Has anyone looked at this. Comments pls

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  6. This is about the ongoing verbal spat between sachin and others.I don’t find much to complain about in this exchange because all are right in a way.I will use an analogy used by some one here.
    Looking at girls and saying pretty is different from looking at them with a view to marrying.
    When you just look everyone looks pretty in a way but if you think of marrying you begin looking in a different in a way and begin to weigh.
    So for investors most properties are good but for end-users it is a different thing.Those who neglect the glaring problems are only looking to exit after making some decent profit.Such people oppose any negative comment.
    I have nothing against investors or builders because it is their profession and they keep the market alive to some extent.The only grouse is against the builders making 200% profit or short-changing the innocent buyers.Why can’t they be satisfied with 100% profit ?
    Sachin KEEP UP THE GOOD WORK BECAUSE IT HELPS INNOCENT END-USERS.

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    • My only question which is evaded by Sachin is to name the projects he found it to be good. If he wants to truly help end user, he must name at least couple of good projects across various categories (budget, mid-segment, high-end) based on his experience. He cant evade by saying i cannot spoon feed you…. if he cannot spoon feed the good projects, why is he spoon feeding bad projects…a clever end user can will find that too by himself. AFAIK, he has almost criticized all A grade builders. If not project, at least let him name one A grade builder whom he find to be genuine and honest. At least let me say “I dont see any A grade builder to be genuine and honest” and stop there till he find one.

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      • @ kayaar,

        I have always found you participating in healthy manner on this blog and I dont think you require any spoon feed. Infact nobody require any spoon feed either its good or bad in taste. But if still you are asking for some one opinion when actually you can take your own decision it shows your courtesy.

        @xyz,
        I am not sure what good work one should keep continue as your friend when was getting his own medicine from last few days, he replied to one something ,’ for my single negative comment ppl become defensive n persnnl ‘ and for other he replied, ‘don’t know me personally’.Is it not same applicable to him when he called me agent when he dont know me personally and when I never replied to his posts until not addressed to me.

        Secondly I bought apt for self use and want it to appreciate its price to which can prove my decision is correct but that will not make some one investor. I think most who read and comment on this kind of blog also belong to same category. Actual investors who buy here and there, buy n sell today n tomorrow may not be bothered about these sites n comments. And marriage girl example can be concluded in many ways its up to you which way you want.

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      • @kaayar : how am i spoon feeding bad projects? do us a favour – pick up a dictionary and check the meaning of word “spoon feed”.

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      • @s_f: Since December 2013 u have been negative and not just on Webcirty but on other projects too. At least we have bought a flat here, and when I was browsing on other projects…u cropped up with your same negativity. Why don’t you buy a flat and stop crapping or leave others to their fate. You think you are a great do gooder? by giving your misguided opinions…your hatred of those who can afford to buy is coming through in waves.. Get Help. See a psychiatrist or analyst.

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    • Any sensible person will find out who is misleading people here be it end users or investors. I have bought a 2BHK in H Block and i am definitely a end user and i found the project to be a very good value compared to most of the other projects in Hennur and most of the projects in Thanisandra in 4000-5000Rs per sq ft range.
      1.The Parcel 1 is well on track with 10th floor slab already being laid down for all 5 blocks and Parcel 2 is also progressing well.So that is good thing.
      2. Block P has also opened up for booking which was not the case a month back so project is selling at a decent pace.
      3. Value has appreciated by 100 from February to March , so that should keep investors happy.

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    • Moreover if something is negative then its always negative and you should only debate on whether its negative or not.There is no point in asking where do you find some thing positive..From a buyer perspective i always wanted to get to know the negative points, since all the positive points are there in the brochure already..@Sachin: Keep up your good work

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      • @sarveshwar,

        Not only negative…Positive in broucher also can be debated if that is true or both negative n positive are speculated.. all broucher shows positively about project with lush green surroundings but at the same time if someone commenting negative with no background on that project also not make sense.

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      • @sarvesh : thanks buddy. people with vested interests are worried. when you point out the obvious negative facts these kind of people cant take it and become all the more jittery. The only way then they can respond it by being personal or asking another question in return. For example : Initially Mantri positioned this project as hi-tech by providing cloud services etc. I even asked Mantri sales guys (and even here on this forum) as to what am i going to get with the cloud connectivity? how is it going to benefit me as a user? I never got an answer. And typical response was “tell me who else is providing you cloud connectivity”. Now most of the morons dont even know what exactly Mantri means by cloud connectivity, i even can say with 100% confidence that even Mantri sales guys dont know. So it was just the marketing gimmick. And when that cloud connected trash did not sell, they came up with some other gimmick to con people – 100% return. My basic argument still is that for a project that is far off from every possible place of interest in Bangalore, with obvious water shortage and no proper public transport to speak of – the price being asked in the name of cloud, mantri brand etc is way too high. Rather than discussing that, people here typically respond by saying – then please tell me something that is cheaper. And yes i repeat again (whether guys like BR and Kaayar like it or not) its not my job to spoon feed you and give you a list of projects. Go and search for yourself.

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        • @Sachin: you are not getting one point that Tier A apartment prices have gone up. 5000 rate with good payment plan is cheap, if this project is on main ring road then same would cost minimum 10-15% high and that too without any 80:20 plan. This is the reason you are also not getting any project.

          you think people are not searching for other good cheap projects and booking here b/c mantri is providing cloud facility ?

          People are interested b/c this project is good (if not best ). if your budget is 3500 – 4000 then 5000 would definitely look costly.

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        • @sachin_federer: U hv raised many concerns over this project but hv u really visited hennur or thanisandra road? From ur analysis its not look like .Wanted to enlight ur some concenrs:-
          1) Now most of the morons dont even know what exactly Mantri means by cloud connectivity :-
          Most buyers (not morons) are not worried about cloud computing. If they give its fine otw there are many other basic ameneties.
          2)obvious water shortage – Water supply problem is same in many parts of bangalore, exceptions south bangalore and some part of central bangalore. But undergroung water table and then tankers can be used till bwssb supply starts.
          3)no proper public transport to speak of :- Below public transport available with good frequency
          G-11 – MG Road to Henur Road
          293 K, 293 J, 293 l, 293-M – KR Market to hennur road
          292-D shivaji Nagar to Hennur Road
          4) far off from every possible place of interest in Bangalore :- Elements mall on thanisandra road will start in a month or two is 5.6 Kms ,Esteem Mall on Hebbal is 6.5 kms,MG Road mall are 10-15 kms. This Project itself will be having commercial space in future extension and Bhartiya city commercial on PRR construction started. IT parks like Manyata, Kirloaskar is nearby and consturction for Karle Town, BCIT , Hinduja others started
          5)the price being asked in the name of cloud, mantri brand etc is way too high :- When you say price is too high then you are comparing with other project and that only Kayaar is asking from you.
          One can get 2bhk in 60-70 lakhs and pre emi will futher reduce total cost.

          I hope you reply on these data points with valid answers not hypothetical.

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          • Super Buddy…Buying a apartment in web city and not bothered about cloud services but ready to pay the money for that!!!!..everyone knows about bus routes and bwssb water supply etc..One buying an apartment in web based project and not worried on what it offers to you…great

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            • @Sarvesh : spare him buddy, he is also one of those who couldn’t figure out (exactly as I had mentioned in my post). :)

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            • @Sarvesh,Super duper buddy, i have also purchased flat in web city for end use. And i am neither worried nor bothered about cloud services they promised to give. Because i dont have any doubt over it that mantri will not give this. Rather i feel it joke when u or sachin; as he mentioned in other posts; say its mantri is promising cloud computing as joke as being in IT hub of world , bangalore, and doubt that this isnt possible for mantri, i feel you people need to rethink as whole world would not doubt over this. When you wer in countries like US would doubt over it? Then why in bangalore? ?Introducing such a nice concept in everyday life by Mantri is appreciable. So do not simply criticize just for the point to spread negativity. I wonder in which era people are living when they say its crap project. Cloud services are not something un realisable… every small companies in Uk or Us use it and when something like this comes up in India, people say it crap !! I think i am very happy being part of webcity which has introduced technology in common peoples’ lives. Its unique concept to make evry1 lvng here previous n new generation to get introduced to technologies which r used world wide. I am surprised how people criticize this new trend. I really tell to people we should not under estimate talent in cloud services indian cities that too bangalore :) Congrats to Mantri for starting this trend!!

              Its seems u r bothered about hypothetical negative theories . First u appreciate who claim themselved reality expert n dont know buses , water, etc in the area. At the same time if people answer for the same questions, u say anybody can provide it. I dont understand when u r nt interested to buy any apartmnt, y u r commenting every now n then on this thread n trying to spread negativity n ur false concerns. When anyine buys, they can decide what is best for them. Harsha sagar is platform where people can exchange their thougths. Unlike u people who try to force
              Their views on people.

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              • @josh aka enduser : you are again one of those who couldnt understand what mantri is providing in the name of cloud services and its obvious from your long and meaningless mumbo jumbo. you have visited upto UK and US and companies in those countries in your post but still couldnt answer the basic questions that i have been asking – what is the natures of these cloud services? What are the use cases? How is an end user or investor going to benefit from them?

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                • I can help you guys,,

                  Elevator media – Sharing information on clubhouse activities, news, and other important info 24/7.

                  Robotics/cloud computing/nano technology – Lot of schools in bangalore dont conduct such programs at school level -so this is conducted in house for knowledge sharing. kind of guest lectures from various organisations.. (If any one interested for more high end knowlge enhancement there is a vendor who can assist you)

                  They have few web themed museums that consist of sculptors, Web wall (than mentions all the companies like facebook,google etc how they contributed and changed our social life)

                  Music wall is something like kiosks that will have either motion sensored or wallmounted kiosks for music lovers are clubhouse – Interactive

                  Also they provide free wi-fi hotspots

                  Basically they have made a webthemed promoting social life in the project – Feel unique and good initiative.

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              • @ Josh..Could you read my post again..Have i challenged/criticized the capabilities of cloud services or the capability of Mantri to implement the same.Its common sense to explore before you invest on some thing and that’s what i meant..It would be useful for the readers to give some useful input on what Mantri offers as part of cloud services in webcity rather than giving lengthy stories that would not make much sense in this blog

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          • @Enduser : Wow what a location. Just 6.5 KM away from the crappiest mall in Bangalore ! nobody in their sane mind would go to Esteem Mall. And in the name of IT park the best you could come up with Kirloskar? Do you even know how many companies are there in that IT park and how many people work there. Such tiny winy IT parks are scattered all across the Bangalore and may possibly outnumber the dogs in the city. btw, that is also easily 5-6 KMs away. And please dont even mention bhartiya city etc as they are yet to come up. So basically after tying such a long post you couldnt come up with any proper place of interest in the vicinity of Web City and thats what I have also been saying. Compare it with projects like East Point, DNR Atmosphere, Vaswani Reserve, PLH, Divyasree RoW. These projects are all in the same price range but way better locations – near to good schools, very close to “Real” IT parks, very well connected (yes i agree PLH may not be that well connected yet). And some of these are within 10 KMs of Koramangala, Indira Nagar, Whitefiled/Marathahalli, Sarjapur Road – obviously much more happening places than your thanisandra/hennur/bagalur kind of deserted locations.

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            • @sachin federer aka reality expert

              I would be oblised if you help (spoon feed) me in buying 2 or 3 bhk in your recommended projects at similar total cost, carpet area and pre emi offer of webcity.

              You mentiioned about tiny kirloskar but cleverly skipped monster manyata (bigger than 2-3 biggest it park in whitefield togather).

              Spoonfeed my post if you are able to help me in gettoig at same price otherwise keep your expertize with you.

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              • “I would be oblised if you help (spoon feed) me in buying 2 or 3 bhk in your recommended projects at similar total cost, carpet area and pre emi offer of webcity.”

                @josh : thats the problem. The moment you mention some comparable projects people expect you to help them in buying too. buddy thats the job of a real estate agent. Reach out to them, they will help you. In case of web city, BR is the right person. Other projects, I am sorry i dont know but read the threads here on harshasagar.com, you will find good information about those projects too. Good luck.

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                • I asked your help as i already checked your recommended prokects where prices are high in compare to webcity. You claimed that prices are similar so thought you would be real estate agent or channel partner and having special discounted prices. But again you proved that you dont know about projects of marathalli n whitefield n their prices also.

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                  • @Josh: Hope you know the project G CORP ICON which has a very good amenities and very good location advantage as well.Quoted price price is 5250 and can negotiate for 5100.Hardly difference of Rs.300 .When you say webcity is near to Manyata(6.5 kms) then i can say this project is inside Manyata(1 km).Also you have Arvind Sporcia at a decent price and location compared to webcity.Having said this, I am sure that i will get some replies asking whether I am marketing those projects
                    I quoted the above examples, since i can always see a huge cry from some guys on comparable projects with Web city
                    I personally feel that the approach of Sachin is perfect, on not to spoon feed about projects
                    @Sachin: Keep going with your good work

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                  • @Vinoth : Do u really know at what minimum total price one can buy 3 BHK in G-Corp ? More than 1.3 crores whereas one can get in 80-90 lks with similar CA in Webcity.
                    Do u buy apartment only on Base Price?Carpet area of G-Corp and Arvind Sporcia are lesser than 70% (Webcity 78%) and premium charges , amemeties charges extra. Now-a-days builder increase SBA and reduce CA and keep prices in check and people think prices are comparable

                    @ Josh : I feel u hv asked fair question on ‘Total Cost’ . I can see many who got trapped on Base Price but not seeing ‘Total Amount’ need to pay.

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                  • @Vinoth : G-Corp location is definitely much appealing but one has to pay charges also.

                    For your reference compare ‘Total CA and Total cost’ for ground floor for below SBA :-

                    1) 3bhk 1445 sft TC-88 lks (Webcity) and 1795 sft TC-1.35 cr (Icon)
                    2) 3bhk 1740 sft TC-1.1 cr (Webcity) and 2050 sft TC-1.65 cr (Icon)
                    3) 2bhk 1005 sft TC-62 lks (Webcity) and 1044 sft TC-61 lks (Sporcia)
                    4) 3BHK 1240 sft TC-76 lks (Webcity) and 1426 sft TC-76 lks (Sporcia)

                    PS: I hv compared lesser SBA of Webcity with higher SBA of Icon or Sprocia but CA is almost same, you can decide which one is really cheap. If I would had more money, definitely bought in G-Corp bcoz of its location. Arvind Sporcia first time into Construction have approval pending and in pre-launch phase.

                    Question is not here which projects are comparable to Webcity. Saching_Federer has been claiming that better projects are available at similar price at better location with similar builder.

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                  • @vinoth,

                    I hope next time u will calculate total cost as well before comparing same price range projects as explained by Enduser.Arvind is not tier 1 builder. You can compare any tier 1 builder project with nearby smaller one, prices will be lesser.
                    Agreed with you on sachin n want to thanks him for not spoon feeding good projects otw few would had suffered financial troubles assuming basic price r comparable n booked n afterwards realizing more total cost to pay.

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                  • @Enduser: Don’t give false information for the sake of argument.

                    Where from you got the price of 1.35 cr for 1795 sq.ft. in GCORP ICON Can you prove this? Just we have booked an 1895 sq.ft apartment for 1.18 cr(excluding registration) in 10th floor(including floor rise charges). Anyone can check the price directly with the builder.
                    You ask for comparable projects and if some gives any information then you will come up with these sort of false information.I really don’t want to continue this discussion with you and bye…..

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                  • @Vinoth :If you have bought at this price then u are lucky one to get 1895 sft in 1.18 but check their website which clearly highlight price starts from 1.18 cr for 3 bhk.

                    http://www.theiconbangalore.net/g_corp.php

                    Adding registartion VAT, ST , floor rise will increase price by 15%. So 1.35 cr is no false. I have also called them to get Total Price before commenting it here.

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                  • @Vinoth : Have you really booked in G-Corp at Total Cost of 1.18 cr for 1899 3 BHK ? 5300 is base price offered for you or all inclusive price?
                    1899*5300 itself is 1.06 cr. Do you got car parking, Floor Rise Charge , Bescom and Bwssb, Maintainence, Ameneties, VAT, Service Tax (Excluding Registration) in remaining 12 lakhs?

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                  • G-Corp price breakup details are as below

                    Base Price 5300 ,Infrastructure 200 psft,PLC – 150 sqft , Floor rise Charges 25 sft,Maintenance 5 psft, Car Parking-3lks,Club House-1.75 lks,Reticulated Gas-50k,VAT+ST+ Registration (10%)

                    So if you calculate all this for min 1795 3 bhk ‘Total Cost’ will be coming around 1.35 cr

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                  • @Enduser…

                    Hope the below data is sufficient.

                    Basic cost is 5250 and got it negotiated to 5100.
                    Including floor rise (10th floorI) it is 5325.

                    Apartment Area 1,875
                    Price (Base Price + Flr Rise + PLC Charges) 5,325
                    To Apartment and one covered carpark 10,284,375

                    Club membership 175,000
                    Infrastructure cost – Power & Water 375,000
                    Reticulated Gas Connection 50,000
                    Total A : Sale consideration 10,884,375

                    Other Charges – Taxes 793,850
                    Agreement E-Stamping Charges 12,230
                    Maintenance Deposit @Rs 5 persft 112,500

                    Total B: 918,580

                    A + B = 11,802,955

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                  • @Enduser: First understand one thing…I am not saying Mantri is bad and G CORP is good or vice versa…Again its one’s own choice and requirement..
                    You asked for comparable projects and just throwed some light..But please don’t go by your imagination and do the cost calculation and mislead..
                    If you are not convinced please speak to any one of the marketing guys from GCorp and then post your comments genuinely.
                    I think we shall keep a full stop for this debate…

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                  • @Vinod, Location is very good. When is the expected date of completion?

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                  • @vinoth :-

                    I have calculated on offered price i.e. 5300 but you got on discounted price 5100 (200 rs disc) and have included PLC (150 rs charges) so if I add 200 + 150 = 350 this will be more price for

                    350*1875=656250
                    So total sale price would be 10,884,375 + 656250 =11540625
                    VAT + ST = 9.5% of 11540625 = 1096359.375
                    And Stamp Duty + Registration would be 6.6% of 11540625 = 718368
                    So Adding VAT+ST+Reg charges ( 1096359.375 + 718368=1814727) to sale price 11540625 so Total Cost will be around 1.35 cr.

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                  • @EndUser, Are you trying to explain how you came up with the all inclusive price of 1.35cr ? Why are you including floor rise charges again? Its already in vinod’s calculation.

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                  • @KayAar: I have not included again floor rise. Floor rise charge is 25 so at 10th floor its 225 which Vinoth has added (5100 +225 = 5325) but he has not added PLC charges which is 150 but my caculation include that and at base price 5300. (5300 + 225 floor rise + PLC 150 )

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            • Schools.. you mean to say ryan, gurukul, gear, vibgyor, global indian etc of marthalli, whitefield,sarjapur are top schools of blore… get a reality check mr realty expert
              .. best schools in blr r in CBD (google can help u find ) then comes in north blr in hebbal yelahanka dasarahalli jalhalli sahakar nagar hennur n thanisandra.
              Most happening place : according to u outskirts of marathallli n whitefield sarjapur r happening places.. but most of us believe MG road frazer town n commercial street r most happening places.

              And y u r bothered about education wen u dont believe latest technologies cannot b implemented n evry such attempts seem crap to u.

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            • @Sachin_Federer : Do you really know prices of East Point, DNR Atmosphere, Vaswani Reserve, PLH, Divyasree RoW ?. Prices are way higher in these. I would had taken these if I was getting at similar price but all are atleast 10-25 lks more from webcity for 2 bhk. And your good schools are not even comparable to schools in hebbal and yelhanka which are among best in city.
              Hennur/Thanisandra are far better place than Gunjur (PLH) or Hosa /Harlur (Sarjapur) with wider roads.
              I am in bangalore from last 13 years and people were not used to come to places like whitefield,marathalli in nights (completely deserted) and sarjapur was completely forest and farms. But proximity to old airport (HAL) and IT parks developed these areas. But you would had said same that its crap to invest in these areas at that time. Now same is witnessing in these areas as proximity to new airport and new huge(not tiny viny) IT parks are coming up after Manyata. Just go and visit market in Kamanhalli or Kalyan Nagar on Hennur Cross which is expanding towards Hennur Road and you will get answer of your deserted location.

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            • Agree with Sachin. Whitefield, Sarjapur, ORR has much better already established infrastructure. Its stupid to even argue on the job options available in these areas with any other area in bangalore. There are schools, hospitals, restaurants, malls and best social events which happen in Whitefield and these areas. Its not nobody is living in Hennur or North bangalore – it may come up too after 10-12 years but its not comparable right now. Also, its a matter of social scene as well. See the quality of crowd and social fabric existing in Whitefield. Hence, i feel PLH, Divyasree or any other ready to move in options in these areas are any day better.

              Vishesh

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              • @vidhesh,

                Agreed that social infra in north blr is not comparable as of now with whitefield but very fastly is changing with triggering of many govt n private projects.

                Similarly prices of hennur r nt comparable to whitefield marathalli projecrs of similar builders. Prices are lesser in hennur.

                Plh is anyway not on good location and no future plans of govt for road widening for varthur market with small shops on both side. It wont be a nice idea to stay there with such higher prices.

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              • @Vishesh : Luxurious residential projects of RMZ, Embassy Hiranandani, Godrej, Prestige, Sobha,G-Corp,Century, Brigade, Beary, Equinox, Mantri are in Hebbal n will help u in judging quality of people who will be living in them. For these people social events are also in queue and you would find turnaround in next 2-4 years when people will start living.

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        • who are you? A realty expert? Get a reality check. You should first understand the meaning of sharing your opinion to spoon feeding. People will not run and buy the property you suggest. Instead of hammering a project you are not interested in or you personally feel the price to be too high, search projects that suits your budget or keep hammering till the price reaches 7000 and you see the area develop. There are smart investors and end users who will continue to invest earn their share of profit or stay in their home. Now , don’t bother replying as I don’t want your spoon feeding on my comment.

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          • @Bradman : I can see you are a copy cat and your nick is just a cheap imitation of my nick. Of course I am a reality expert. Check out most of the threads where people ask me my opinions. And a larger number of them write to me everyday asking for my views !

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            • @sachin-haha…. A self proclaimed realty expert who has no expertise…wow, You’ve given enough proof of your expertise in this forum that I don’t want to waste my time looking at your comments in other projects, at least I’m mature enough to judge your immaturity, looks like you’ve just lost out on opporutnities and are desperate to get a good deal which you are not able to. Experts don’t bad mouth projects or other people in a forum. Look at Harsha for example and learn, if not invested better get expert advise and invest soon… BTW you couldn’t even understand that I’m mocking you by creating a similar Nick.. Hah the ego…People who match your opinions are buddies, and those who don’t you think are stupid…. Come down , you are on a virtual cloud nine and facing an “expert syndrome”… Get well soon

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              • @Bradman : I really like your spirit and the effort you have taken to mock me. but did you notice that i have used first name and last name of two famous sportsmen whereas you ended up using just the last names. As they say in Hindi “nakal ke liye akal ki zarurat hoti hai”. but sure i laud your spirit as without “akal” this is the best you could have done.

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                • @sachin, Swamiji, can you spoon feed me on how to nakal? At least that way i will get to know what you are referring to as Akal? Is it something that you have abundance shortage of? You remind me of Mr Bharath Bhushan of movie Bheja fry…you perfectly fit in that role..

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            • @sachin, when did questioning your comments translate to asking for your views

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    • @xyz : thanks mate. Appreciate.

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    • Well, these ‘innocent’ end users are killing us ….always getting ‘innocently’ duped by buying properties worth >1 Cr…driving up the prices and making real estate unaffordable for non-innocent guys like me ! Looks like I have to settle for a live in relationship(rent) instead of marriage (buy)…When will this age of innocence end in Bangalore?

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    • Totally agree. Sachin’s comments highlight the practical issues which most them tend to ignore. He tries to bring out the hard reality amidst ongoing hype.

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      • @SG,

        Hv u read his entire posts on this project n reply on those.? he is giving his hypothetical spoon feed expertize when he don’t know about buses schools water and suggesting projects east point , plh, row which have much higher prices and less carpet area n no pre emi. He is trying to create hype that no selling in hapening in blore so that like him few others also stop buying but the fact is people r buying, prices are not coming down.

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      • @SG : thank you :) . Appreciate the kind words.

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    • Hi, I am looking at booking a flat at Mantri webcity. I heard that there is a price escalation clause in the agreement. Has anyone looked at this. Comments pls

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  7. Recently Booked Mantri Webcity 2.5 BHK via the 80:20 scheme. They are just quoting a value for the Undivided Land Share and not a square ft, is that common <50% constructed project. In any case, they mentioned the sqft UDS will be given before registration.

    Also, Want to understand the tax implications for the money Mantri will give under pre-EMI scheme.

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  8. I am really not convinced if this scheme will work.

    If corporate loans for builders are @ 20% then also the arithmetic is against the 80:20 scheme.

    The pre-EMI on 12 lacs @ 10.5% works out more than 13.5L and add the additional 12L that they promise to give to the customer after 3 years will add additional 10%

    So overall Mantri will be paying in excess of 20% for 3 years… I think they should be having good enough relations with banks to get money for much less… why would they want to do this?

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    • @ rks,

      Buddy not sure if you calculation is correct. 12 lakhs of 60 lakhs in 3 years is only 6-7 percent annually. Plus if builder will pay emi again 13 lakhs is somwhere 7- 9 percent annually of 60 lakhs. So sum of both is still lesser than corporate loan rate you assumed . And I am not advocating its good scheme or not but definitely builder is not fool enough to make loss of himself by giving such scheme which is more expensive

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    • @RKS : only logical reason i can think of is that they are desperate to see some sales happening. With the really lax legal structure, what if they dont honor the commitment to pay twice the booking amount? Every builder mentions about penalty clause in case of delays but show me one builder who has paid a single penny to the customer for delays !

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      • Thanks BR and sachin_federer.

        At a rate of 4890 per sq ft, this is defintely not cheap even though it is pretty far from the city.
        Also there would be tax implications of capital gains at the end and also for the interest flowing into your account from Mantri.

        If you pay tax on the interest component coming from Mantri then the deal suddenly becomes unattractive.

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        • @rks,

          If you think prices are high and location is far its better not go for this . For me I was able to book at lesser than 62 lakhs all inclusive for 2 bhk with decent carpet ratio (78%) at similar price (not found any project giving me at this gross price for similar base rate) and found this suburb to be more near to city areas like MG Road, Malleshwaram, Shivaji Nagar etc and was convinced with the development happening in and around surrounding areas.

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          • @BR,

            Thanks. My primary concern is about whether it makes sense to go for this 80:20 scheme based on 100% returns? Will Mantri pay the pre EMI and double the money in three years.

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            • For Pre EMI, I know there are many infact majoity who have booked through Pre-Emi and getting pay out back from Mantri. For assured returns not sure ,you can better check with Mantri and your legal adivsor if that is realistic or not. You can contact me on rohitbarjatya2001@gmail.com if you need any contact number of who booked through pre-emi for queries on Pre Emi.

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              • @BR : do you work for mantri or are you a broker?

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                • Hi sachin_federer,
                  I am neither a broker nor fom mantri.. but a buyer j 405. The source of info for wc i is from other buyers with whom I am in contact through social groups like whatsapp .

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                  • The scheme if PNB will deduct EMI from our account and Mantri will pay it back to us every month. Does the money paid to us by Mantri every month attract tax??

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                  • @ Sarath,

                    I think they are giving Discount Certificate which you can show as a discount given by Mantri on flat price to avoid Tax. You can better check with your legal advisor on that.

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                  • @ Sachin_Federer,

                    I was knowing your intentions when second time you blamed me Broker or Agent (last time in PLH thread). Though it was not required for me to reply but still i replied so atleast others who were reading the reply can think who is what. And dont think you are only person who have seen projects. I have checked almost each and every small and big builders project in bangalore east where i was getting 2bhk in 50-70 lakhs but not went for either pricing or location or some other reason and not found neccessary to give negative reviews on them and to demotivate others.
                    And I was always knowing your knowledge on Real Estate and Stock Market when you were relating Stock price of Real Estate Companies with price of apartment. And about Hennur Road when you were asking about nearby schools, colleges and civilization in WC thread.

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                  • @BR : your regular attempts to promote mantri web city even on Prestige and Divyasree threads + you try hard to talk about web city in glorious terms clearly shows you have vested interest. You may be a buyer but looks like you are worried about your decision to purchase in web city and hence are hell bent on convincing people to invest/purchase in web city.

                    @KayAar : I have told you in the past that dont expect me to spoonfeed you. So stop asking me for project recommendations. People like BR are already doing that.

                    @josh : never saw a post from you before on any of the threads and dont remember interacting with you either. Read my comments again and you will see i provide all kind of inputs. I provide inputs based on my research on ground. If you expect people to repeat the points that are mentioned in the builder’s brochures, people like BR are already doing that for you. Nobody is asking you to go by one’s comments. Use your brain and stop crying about negative comments.

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                • Just look at BR’s messages in the past. He did a good amount of investigation on multiple projects and finally booked Mantri WebCity. I am believing that he is an end user and has done his homework and trying to put his view based on it. Let’s not worry about his profession.

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                  • Agreed. I am following this blog from long and observed sachin give all negative reviews for all projects. He believe ,he can only decide which is good project and selling is happening or not .If anyone else book into any apartment and share views which are viable he used term like broker, agent, fools, jokers, nonsense etc.

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                  • all except sachin_federer,

                    Please check my previous posts and let me know where I suggest anybody to go n buy wc only.. infact if somebody who hss not liked I already told then not to go for it. I never replied on where some ppl were proving mantri is struggling to sell but rather replied on where ppl were intentionally or unintentionally giving speculated/ wrong info on 2020 , cdp, near by schools, mixing stock investor with real estate investor, pre emi etc and may be for unconvince the ppl as they themself are not buying and waiting for price to come down and real estate bangalore to crash

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                  • @Sachin_federer,

                    And I never regularly posted in.plh or row thread.. just done it once since by the time I checked all three and found wc to be cost effective. But found you regularly tryIng to unconvince all the ppl.

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            • >> 100% returns. Will Mantri pay the pre EMI and double the money in three years.

              what if you don’t find any buyer?

              there seems to be so many apartment complexes in different parts of the city + lot of vacant land in some areas such as Hennur, elec city, north bangalore etc.

              if i am a builder (which i am not) and am 100% sure about 100% returns in 3 years, i will sell most of the apartments after 3 years only.

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              • @ buyer,

                Its looks like you have not checked previous posts in this thread where I already explained what is 100% returns scheme which Mantri if offering.
                If builder is assuring 100% retruns its not on entire flat. Ex if flat cost 60 lakhs, he is not committing that flat will become 1.2 cr in 3 years but rather promising to double what you have given to him i.e. 12 lakhs (20%) will be double (24 lakhs) and if you want to opt out after 3 years builder will buy back from you at 72 lakhs (6-7% appreciation) and may sell at higher price (average 10-12% appreciation) and builder is also getting upfront 80% disbursement of money from PNB so lesser construction loan required which is generally higher than home loan. So I dont think he is fool enough to start his selling only after 3 years at 72 lakhs.
                And as you have info on lots of vacant land, can you please suggest me any residential plot with clear title and A khatha on Hennur Main Road/Hebbal at similar price ( or +1000 psqft) of Anekal (Near to electronic city) or Doddaballpur/Devanahalli

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                • I also agree that there is lot of vacant land in some parts of Bangalore. One can see that while driving in these areas.

                  Of course, rates will vary depending on the area. That is always the case.

                  Hennur road: have heard about some BIAPPA approved layouts near a proposed tech park. Close to where Shel is coming up.

                  There are also some BDA approved private layouts on Hennur road (part of the road that is closer to ORR)

                  If i take names, someone will say that i am promoting someone else (which i am not)! So, i don’t take names but one can find that on BIAPPA/BDA site or just by driving around in that area.

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              • >> 100% returns.

                Maybe they are not saying that cost of apartment will double. They may be only saying that your investment may double (i.e. assuming many buyers are available)

                e.g. you invest 10 L for a 50 L one-bed room apartment.

                Maybe you get 20 L after 3 years. Profit may be 20 L – 10 L (initial investment) – 30% (or higher) tax – Brokerage = approx Rs 5 L

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        • @RKS

          The prices are further up by Rs. 50/-. The per sqft price that stands today is 4940/-

          Mantri people have increased the price by Rs. 100/- in past 1 month, this surely means that the project is selling well in the market.

          And considering all the other project that are coming up in that area, this is by far the best located as it is bang on the main road. If you think the price is high here u can try for Goel Orchid Woods, its on the same road and is in the price range of around 4400/-.

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          • @jayesh: if project were selling well, mantri wouldnt be promising/fooling people that their money will double in 3 years ! A base price of almst 5K psft in a location that is not even part of the main city is ridiculous to say the least.

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            • sachin_federer, It will be helpful if you can share the price of grade A builders within main city which is < 5K.

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              • @sachin_Federer

                Dude i think u should understand the scheme first before commenting. Br has explained the scheme in a very simple way in few of his posts. I suggest you read the same and understand the concept. The builder is crystal clear what it is offering and in no way fooling the people. Its you who is not understanding what is being offered, I will give u a very simple example that will help u understand whats on the platter.
                Suppose the cost of the house is Rs. 10, then as per the scheme Rs. 2 your be paid by you and Rs. 8 would be paid by PNB. Post 3 years if you dont want the flat, Mantri will buy the flat from you for Rs.12. As Mantri is paying your Pre-EMI on Rs. 8 hence your investment is only Rs, 2 and you will get Rs 4 back (8+4=12), here is how your money would be doubled.

                I hope you understand the whole concept now and think before posting.

                @KayAar

                Dude if you get the details from Mr. Sachin_Federer, please forward me the same. Will for sure buy one in the so called “Main City”.

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                • @Jayesh : Dude i suggest first you develop basic comprehension skills.

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                  • @Sachin_federer

                    The thread isn’t about who has a better comprehension skills. So whether my comprehension skills are good or bad is irrelevant under this thread.

                    I further remind you that the thread is w.r.t Mantri Webcity and you should limit your comments to that only. #basicmanners

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              • @KayAar : for the last time for you, dont expect me to spoonfeed you !

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                • @sachin

                  No need to spoon feed me. So you will go and talk ill about all projects but will not reveal the project that you say is great. If you can name several projects and say what is bad about them, why dont you name the projects which you find is great, is value for money, comes with good quality??

                  BTW, I have booked a 3BHK apartment in Prestige Sunnyside 2 months back after due diligence. So no need for spoon feeding. Hope you at least book in the great projects which is in sub 5K range within main city. Or are you waiting for it to touch 3K or 2K based on analysis?

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                  • Gentlemen, please stop responding to sachin_federer, totally negative , must be from some other builder group. Else since December he is continuously -ve. Must be some guy who can’t buy any prop. so just venting anger on those who can afford. Clear case of Haves and Have-nots!! Poor Guy!

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                  • Sachin_federer reminds me of the Mr.Ravikanth of Indian real estate forum. A good critic of some of the RE projects best known to him, but with poor social skills and attitude.

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                  • Totally agree with you. I too have seen Mr. Depressed and Suppressed sachin_federer bashing all project in Bangalore left right and center and only interested in being negative.
                    Boss if you have so much of insight along with bashing and cribbing why don’t you come with your recommendation and evaluate your recommendation on the same data points for which you bash each project.
                    Lets see which builder and which project Mr Federer choose which satisfies him on all fronts and still dirt cheap :-)
                    Sachin did you got married? or did you met 200+ girls and found some problem in each of them and then decided to stay bachelor :-) kidding.. seeing your pessimistic and fault finding nature without giving solution or even adding value to discussion you are bound to get such comments from across the forum. Keep on the enthusiasm Federer!!

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                  • Dear Chandra,
                    Everyone is this world is a poor have-not. Its an illusion if you think otherwise. Also, if a dog sits in a BMW, it still remains a dog while a saint staying under a tree remains a saint. The externals have nothing to do with the internals.

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                  • @rkaish : one more descendant of Freud who can judge a person’s attitude and social skills without even knowing him.

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                  • @kunal : i dont need to share with anyone which projects/builders i have selected and why? I dont go asking people for recommendations. I make my own decisions. unlike folks here who want to be spoonfed and the moment you tell them a single negative about a project they become defensive and personal.

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                  • @Chandra : yeah too bad for me. Cant afford. would you mind loaning some of your black money to me?

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                  • ravikanth has statred his blog and nowdays wants money for everything..he will give some stupid details and will ask people to call him and pay him and get details.

                    when i talked with him on his blog he deleted the messages not favoring him :-)

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    • Hi,

      I am looking to purchase a 2BHK in webcity under ‘Pre EMI + Buy Back’ scheme. Can you please help me with the email id/ contact number of someone who has purchased under same scheme recently. Also, has any one verified the papers and details of this ‘Pre EMI + Buy Back’ ?

      Quick replies will help in making the decision as this offer is going to end in next few days.

      Much Thanks!
      Komal

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  9. The buy-back is only a ploy to show that the project is sold out.If all the investors opt for buy-back scheme, how will the builders repay all the money?
    Even banks can’t withstand a run on their deposits and shut down.
    They are hoping that many will stick to the flats after 3 years. [pray god if have invested with this in mind and think that you will make a quick killing ].
    Such schemes are indicative of RE slow down.
    Better bargain for lower prices than falling for such traps.

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  10. Another benefit for Mantri is, they are getting the complete amount for the apartment upfront at the time of booking from the customer than construction linked plan, where customer pays over the next 30 months.

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  11. 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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    • @UH,

      I have booked in month of Feb 2014 and they told me about these schemes like 80:20 from PNB where builder will payout emi till 2017 march and 10 80 10 form HDFC/ICICI. However I was interested to go for SBI only and my loan is in processing status. I am not sure if for this month they are aksing only for 80:20 scheme. However this scheme is from PNB which is a second biggest nationalised govt bank so i dont think PNB will be trying to do any thing which out of the box as per norms of RBI.

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      • Hi BR,

        Thanks for your revert. You are right about PNB. It is their housing division offering the scheme which is as per govt regulations. Only banks are banned from offering the same. My concern was regarding the risk factor especially when an institution Like RBI is against it. However i am sure there are many benefiting from this scheme. But i have decided to stay away.mantri should have atleast given the option of slabwise along with the scheme.

        Regards
        UH

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    • Hi All,

      They have now come up with 100% assured return offer. 20% has to be paid on booking. Remaining 80% will be financed by PNBHFL. At then end of 30 months, you have to inform mantri on whether you want to retain the apartment or sell it back to them. If you want to sell it back to them, then mantri will pay you 2x of the booking amount at the end of 36 months. Also till 36 months mantri will pay the pre-EMI.

      No other investment gives assured return of 100% in 3 years. So, what is the catch here?

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      • key is to catch the customers here..there is none other that that…

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      • Even i was a bit surprised when heard their ad on FM that you can double your investment in 3 years. So if they are not buying back from you after 3 years, how is this guaranteed? What are the other clauses? The moment I see RE being sold as guaranteed investment, i say run away guys its a bubble about to be burst ! Logically, if the builder is so sure that price will double after 3 years, why sell now. why dont sell it after 3 years when the price would have doubled. If its such a great deal for a buyer, the logically either the builder is a dumb fool or he is fooling buyers. Take your pick !

        View Comment
      • @sandmap

        Catch here is that builder will get 80% upfront and then he may not require for extra construction loan which actually cost more than home loan but eventually it will benefit buyers as well and there are many i know in webcity who has opted for this (not me for my persnaol choice of SBI). For this scheme mantri is not giving any discount so one has to pay 300 more who is opting for this.And builder if is assuring 100% retruns its not on entire flat. Ex if flat cost 60 lakhs he is not committing that flat will become 1.2 cr in 3 years rather telling that what you given to him i.e. 12 lakhs (20%) will be double (24 lakhs) if you want to opt out at possesion so flat will cost around 72 lakhs at which builder will buy back from you, which is very much possbile and below the price appreciation trend of Hennur and infact even bangalore. And if the real estate in bangalore is very bad shape can any body tell me any good builder project where prices slashed in compare to their pre-launch or launch prices like it happened in Mumbai, Delhi, gurgaon which are majorly investor driven markets and prices already touching 10k-15k for normal projects. Bangalore is end user market where inventory over hang is much lesser with unsold inventory and all experts still bullish on bangalore market with thanks to IT .Prices are not sky high like mumbai, delhi, gurgaon ,so builder rather hold the prices/flats rather than decreasing it down. So I dont think it will make sense to wait for prices to come down. Anyway all the trends are suggesting NDA govt may form with some possible allies with regional parties post election so new forms can come to boost Real Estate industry which eventually leads to price increase.

        Its better to be informed than speculate.

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        • Any euphoria over NDA will be short-lived. Within six months the position will be the same stagnation or deflation in RE market.No one can work miracles.The entire world is struggling and India is no exception. NDA will not grow wealth on trees.It will have to come through good fundamentals in economy and that will take a long time to come.For the RE to boom it will take another 10 years and by then many builders will have shut shop and taken to heels with the investors money.
          THESE FANCY SCHEMES ARE FRAUGHT WITH RISKS,WHOEVER MAY BE THE BUILDERS.

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          • corruption is one of the fundamental problem. Has been around for few decades.
            it doesn’t get solved easily.

            if corruption increases, real-estate prices will automatically go up

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          • @xyz,

            Firstly this scheme is good or not depends on buyer. I already mentioned that 300rs base price is more for this scheme. There were some people who were questioning how flat value can be double so just replying that is not the case.
            About NDA regime, nobody expects that money will start growing on tree but all economic experts ,stock bokers or real estates inviduals are hopeful that condition will be better than current .
            Again I will say , ‘Its better to be informed than speculate’.

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            • @BR: Hilarious. Your sources of bullishness are stock brokers and real estate players. And you keep preaching about being informed and not to speculate !

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              • Sachin federer,

                Thanks for the laugh ( expected from you). People like me who invest in stocks depends on are dependent on big shots stock brokers for bullishness and investors in reality on real estate players and stock brokers. Anyway global markets are such bad all leading stock markets are trading near to their life time high either its dowjones nasdaq cac or dax

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                • Pro 2008 recession do you know prices of dlf , unitech, jaypee ifra others. Prices are not even one fourtj but does that mean flat prices also decreases to one fourth or even decrease. Share price only reflects valuation of comapny not prices of land, labor cost, raw materials which increased multiple times in same tenure

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          • @xyz : I can see that is happening. Investors frenzy have also died down as you can see in lot of new pre launches. Middle class/an average IT/software engineer cant afford these 1 CR+ apts. And foolish to assume that the very few IT guys who could afford, havent bought any yet. And look around, job cuts/slowdown in corporate earnings are still happening (e.g. IBM). Infy already lowered guidance. And another point that most of the people dont understand is, if investors were so hot on RE, why the stocks of these RE players are down in dumps? So NDA or no NDA, business climate is not going to change overnight. Check out the stock market, it has barely crossed the highs it touched in 2008 (that is almost 6 years back).

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  12. Hi All,

    I had visited Mantri web city as well as Purva Palm beach few days ago. I found the mantri sales rep to be a bit disinterested and looked as if he didn’t care. Another thing that bothered me was the fact that the construction will happen in phases. Apparently, the complete project will be live only by 2020. So, in my view, the flats wouldn’t be ideal for occupation until 2020.

    On the other hand, I was quite impressed by Purva palm beach after speaking to the sales rep at their site. Price quoted in the pre launch offer (4260 – 4660) is less than what Mantri (around 4800) quotes for webcity. Additionally, the whole project will be live by 2017.

    I went through the comments on this site for both the projects. I see good reviews about Mantri while people have raised quite a few concerns with respect to Water availability, location etc in case of Purva Palm beach. Can someone please provide me an unbiased view on which project is better and why?

    Appreciate the help!

    View Comment
    • holy cow..by the time 2020 will come around even the twenty twenty format will be obsolete. good luck to those who are booking in this. but yes on the positive note, you may just about be connected to civilization after 2020 (if you stay in web city). And i dont mean connected by the cloud services that these jokers are promising !

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    • @SS,

      Can you please share name pf sale rep which told you that entire project will be completerd in 2920. As per my info they told me that for the parcel 3 and 4 they will start taking booking in next few months. So how its possible that for parcel 3 and 4 will complete in 2020 whereas 1 and 2 possession they are promising in 2015 and 2016. Anway if somebody who has actually visited the site will observe that parcel 1 and 2 are in completely different side from 3 and 4. And I think its better to live in Hennur area till 2020 or more where many daily needs stores, schools and colleges are there and roads are already good , many other projects have started and in reality development is happening than some projects in east which are in the neighbours of village and some people are expecting that other big projects will come, roads will become wide and entire village will be tranformed into modern city till 2020

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      • @SS

        Plus hennur road is more near to city.but yes far from majority current it parks so prices are also atleast 7-9 lesser than 2bhk in east of similar builders or similar configuration. Construction of Flyover will also get completed in next 2-3 months from lingarajpuram towards hennur road . And you will hardly find any slum on hennur road but that doesnt mean its deserted area. I am sure people who will actually visit hennur road will also feel the same.

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      • @BR,

        Sorry, I don’t remember the name of the sales person. When I said the project is going to complete by 2020, I didn’t refer to any specific tower. Of course, they are building the project in phases and you will be able to move in earlier. I believe they are also planning to have a mall within the web city and from what I remember, this would be the last to come up. Please check with mantri on the date of completion of the mall.

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    • @SS: I too am confused between Purva Palm Beach & Mantri Webcity for similar reasons you mentioned above. Further, I am told that CDP roads pass through the project, while the Mantri sales people claim it to be private roads. I am not sure what is true. Anyone has information about this ? But if we consider that CDP roads do pass through the entire project, would it affect the appreciation of the property ?

      I also heard that Mantri is having a tough time selling the apartments, does anyone know about this ? Any comments comparing these two properties will greatly help me in arriving at a decision…

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      • @deepak
        Can you also share source of info for cdp road? Can you share link of govt website which mention proposed future cdp road. So you mean to say cdpbroad will enter this project fr9m hennur road side but can you tell from where it will exit as one side it has bible science college other side sobha city compound and third side some residential colony and fourth side hennur main road. And have you not checed any railway track or some highway will come in between project?.. and if you have decided that they are struggling to sell very badly then its up to you to go for it Whats your source that project will be completing in 2020 since as per what they told me and i saw that they have already started for phase1 and phase2 and soon they will start taking bookings for 3 or not and you dont require any suggestions from others as you and Ss have given those info which neither any other buyer knows or sales rep knows.

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        • And third side where residential colony exist its opening is from thanisandra road side as its back side is towards webcity..

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          • Hi BR,
            As per Sobha city master plan there is a CDP road passing through their project, along with a village road and cart road. you can refer to their brochure. Therefore it is possible for a cdp to run in webicty as well. However mantri has provided individual gate for each unit…so shouldnt be too much of problem.

            Regards
            UH

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            • @ UH,

              I discussed with them that the public road from Hennur Main Road which eventually ends at Parchel 1 (A,B,C,D,E) with a Main Gate at Entrance so as Jayesh already posted that ‘that road will lead you to no where except PARCEL 1 of Mantri Webcity.’

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      • Hi..

        Bangalore in general is going through a relatively flat appreciation trend in all micro markets if you follow the markets now days. Places like Noida have shown negative trends over the last 1 year .
        Areas like Whitefield ,Electronic City and Kanakpura Road have shown considerable increase in Inventory Hangover (which is a sign of slowdown) as well as price appreciation is not much . This trend is to continue for 2 more quarters wherein the builders are reducing supply to be at tandem with demand. (Builders like Brigade are offering Free Car Parkings + Modular Kitchens which is unusual right ? )

        As far as Hennur goes i already pointed Webcity , Sattva Aspire , Satva Gold , Arge Helios , Orchid Woods and Purva Palm Beach are the big projects around that area. Out of these Mantri , Salarpuriya and Purva are Tier A and rest are relatively new or fall under Tier 2 . Now if you have a good budget and want a super luxurious apartment Sattva and Purva can be in your radar. Sattva is on Hennur road and 900m from the proposed PRR. Purva is 2.1 kms from Hennur Main road and really expensive (Total Cost including VAT and other services ).

        So considering the location advantage + 2bhk cost(59-68lakhs) Mantri Webcity makes a strong point . Purva and Satva both will make you pay 80 lakhs for a 2BHK .

        So its your call . Progress of Webcity as per my last visit is doing good.10 floors of the Parcel 1 are complete . Parcel 3 which is a bit away from Parcel1 and Parcel2 which is scheduled to complete in 2018 are super luxury apartments and compete with Satva and Palm Beach.That phase will have a commercial space as well . This parcel will have separate facilities and amenities and is at some distance from the Parcel 2 , let alone Parcel 1 which is even far.

        Let me know for any other details you want to . I am open to discussions.

        Regards

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    • @ SS

      The project is in 5 phases.

      Phase 1: Block A,B,C,D & E ( possession is expected early 2015 )

      Phase 2: Block U,V,X,Y, Z ( possession is expected Jan 2016)

      Phase 3: Block F, G, H, J, & K (Possession is expected June 2016)

      These are blocks already launched.

      Phase 4 & 5 are Super Luxury apartments and both the phases would be launched by early April – May 2014.

      The are expecting to complete the entire project by last quarter of 2017 or early 2018.

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      • Thanks jayesh for giving concrete info unlike others who are saying that i heard or expect that project will complete in 2020 or cdp road will transact with no proof or base

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        • @ All

          Guys i saw so much fuss about this CDP road, but one point is crystal clear that even if u have a CDP road inside the project, that road will lead you to no where except PARCEL 1 of Mantri Webcity.

          The road is CDP road because previously Parcel 1 was a separate project named MANTRI AURA, hence there is this CDP road, now as the entire area is taken by Mantri for developing Webcity, hence that CDP road becomes useless as the end point of the road is Parcel 1 of Webcity only.

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    • As per latest stats and data hennur is heading to around 6000-6500 per sq ft by 2017. So its your call whether to choose a Mantri , Sattva or Purva. All projects have different configurations , themes and location as well.
      I still believe Mantri will finish before Purva’s project since most of the Pre Launches in Bangalore delay quite a bit (my observation ) and Purva’s track record in multiple forums is not good of late.

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    • hi.
      purvankara representatives may be optimistic but they have a history for delays, sky wood had to be given on march 2013 with 6 month time specified by sep-2013 it had to be given still painting is going on I do not thing by dec-2014 any thing will happen all are the chip of the same old lot

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  13. Booked a 2BHK in the H block 2 days back. My options were in the 60-65lakhs range and i had shortlisted the following projects –

    Kolte Patil Mirabilis Horamavu
    Skylark Ithaca Whitefield
    Mantri Webcity Hennur
    HRC Ibbani Jakkur
    MJR Pearl Whitefield
    Shriram Suhana Yelhanka

    My first choice was HRC Ibbani considering their Area 1200 sq ft and quality of construction but great location (Jakkur double Road-2km from Bellary road near Columbia Asia hospital). But their payment like any other normal builder required 20% to pe paid within a month which i didn’t have so had to stay away from this.

    Rest all the properties seemed decent buys in their own locations. Chose Hennur over the rest after some research and the Mantri’s 10 80 10 scheme in which i need to pay only 10% of total value in the first month made my decision tilt in their favour.

    Overall all these projects are good with pros and cons which i can discuss if anyone wants me to.

    Cheers

    View Comment
    • I also booked previous weekend. I found it better deal than rest other projects which I saw in whitefield, kadugodi, hoodi signal,sadarmangla ,thanisandra,hennur

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      • Congrats ! Which floor and block ? I chose H Block,5th floor . Not sure at what pace is the absorption happening in Web City . Any idea about that ?

        I had one more question if anyone could answer . Can we get an additional parking after some time , Of course after paying some extra money :) ?

        Also how many units are there in total in Parcel 1 and 2 which will have a common clubhouse and amenities ? I saw parcel 3 will have a separate one.

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        • Hi All,

          I also booked flat in mantri webcity :) Just want to know, is there any facebook group of owners :) .

          Thanks
          Aparna

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        • Hi All,

          I also booked a flat in mantri webcity.
          Cheers to all who booked home in mantri web city :)

          Regards,
          Aparna

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          • Hi Everyone..

            For those who booked.. Did anyone get a clarification on how they are they willing to tackle the water issue in Hennur area ?

            Any idea on how are the water facilities in their nearby projects like Astra and Splendor.

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            • Hi anshul,

              I have checked with them for water and they told me that they have already applied for connection and expecting to get in next 1-2 years. Meanwhile they have bores. If you have obsereved there is a bwssb 40 mld water treatment plant near to railway over bridge on hennur road. Anyway water is problem in entire bangalore and situation is no better wether its bangalore east or bangalore north.

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        • Hi Anshul,
          Looks like we are neighbours. I have also booked on Tower-H 5th Floor. Apartment number 506. Kindly share me your email id: dev(dot)nithin(at)gmail(dot)com. We can get in touch.

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        • Hey,

          I too have booked in H block on 2nd floor.

          Yes, they will provide extra car park if we want. I spoke about this to their sales guy.

          View Comment
          • Hi Jayesh,
            Did you get a chance to look at the BBMP approved plan and legal papers? I am trying to get one from the sales rep. But its taking lot of time.

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            • Hi Nithin,

              Being a lawyer i have checked all the papers and and approvals before booking my flat. The good part is that the entire 43 acres of land is not with Mantri and there are no third party owned land in the entire project. This is very important as land acquisition from third party owners become difficult due to rigidness of the owner, which ultimately delays the project. Same has happened to many project in Bangalore. All the papers are clear and the title of the land at present rests with Mantri only. I even spoke to their Manager about the transfer of Khata after possession, to which he assured me that within 2 months from possession the Khata will be transferred in owners name and we will be receiving all the Electricity Bills and water bills in our own name. This is also very important as it stands a major proof that the flat has been completely transferred in your name.

              So when it comes to paper and approvals Mantri Web City is all clear. Being a Lawyer I made myself doubly sure on all this before finalizing.

              View Comment
              • “Not”in previous post is Type error.

                The line should be read as follows:

                “The good part is that the entire 43 acres of land is with Mantri and there are no third party owned land in the entire project.”

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                • Hi Jayesh,
                  The sales rep told me the project is being developed under a Joint development agreement. Hence I had this question. Did you find any such thing? Also if you can send me an email with your contact details at dev.nithin@gmail.com. It will be great.

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                  • @ Nitin,

                    I dont know about the joint development thing, but yes Mantri has many sister concerns who help Mantri in developing projects, and same is happening in Webcity as well. These sister concerns are a way to play with taxes authorities and segregate profits. Hence i don’t see any issue if the project is being developed jointly as the other company will surely be a sister concern of Mantri only.

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        • At what price did you book the 5th floor . please mention your base price + floor rising cost

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    • Hi All,

      I had visited Mantri web city as well as Purva Palm beach few days ago. I found the mantri sales rep to be a bit disinterested and looked as if he didn’t care. Another thing that bothered me was the fact that the construction will happen in phases. Apparently, the complete project will be live only by 2020. So, in my view, the flats wouldn’t be ideal for occupation until 2020.

      On the other hand, I was quite impressed by Purva palm beach after speaking to the sales rep at their site. Price quoted in the pre launch offer (4260 – 4660) is less than what Mantri (around 4800) quotes for webcity. Additionally, the whole project will be live by 2017.

      I went through the comments on this site for both the projects. I see good reviews about Mantri while people have raised quite a few concerns with respect to Water availability, location etc in case of Purva Palm beach. Can someone please provide me an unbiased view on which project is better and why?

      Appreciate the help!

      View Comment
      • Purva has a better project configuration but looking at their current projects in Bangalore , Purva would be last on my list of elite builders . Most of their projects are either stuck in legal issues or delayed by miles. So as this Brigade , Pride and Prestige are the ones to bet on over Purva. If you have more budget then Salapuriya and Sobha make better sense.There are 2 Salapuriya projects on the same road.

        Second , location wise and price wise Webcity wins over Palm Beach . A 2BHK in webcity will cost around 60-70 lakhs based on level and floor plan. In Palm Beach the minimum you will have to pay is 78-80 lakhs for 2BHK ( They are charging 4.5 lakhs for parking itself :) )

        Thirdly , Mantri will negotiate and let me assure you there is a good scope to reduce the price from 4800 if you are interested and proceed with the booking.

        Fourthly , Phase 1 and Phase 2 of Mantri will be ready by 2016 end or 2017 early(Considering their is any delay). Agree third phase will be complete a bit later but then its a bit further from Parcel 1 and 2 so not sure if that will be an issue.
        Of all that i have seen a project like Palm Beach which is still in Pre Launch can never ever be ready before 2018 !

        Palm Beach is good no doubt , if you have budget and patience to wait a year or two longer than 2016 and believe that in a water starved region coming up with something like that will make a good decision. Please do check all Purva project reviews and then make the final decision. And I still believe that even Palm Beach will appreciate but then rest of the factors tilt the needle towards Webcity , Sattva Aspire etc. Heard that a Shriram project is also comming in next 2-3 months alongside Aspire.

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      • @SS,

        Hey, it all depends on your requirements as both Mantri and Purvankara are amongst the top builders in Bangalore. Their would be come positives and some negatives of both the projects for instance, a 3BHK in purvankara Palm beach will cost u near 85 Lakhs while in Mantri Web City it will cost u near 75. Yes but its true that Purvankara 3 BHK is some 150 sqft bigger than Mantri 3BHK.

        I also visited both the projects, but one big drop back i found with Purvankara PB is that the project is not on the main road, its some 1KM inside. That was one big reason I opted for Mantri WC because the property which is bang on the main road will have better appreciation in near future. The other factor for me choosing Mantri was the Carpeted to Super Buildup ratio. Mantri is providing 78% carpeted area, which is highest amongst the good builders. Yes, however there are some drawbacks with Mantri WB, like if u go for a 3 BHK of 1250 Sqft u will get only one Small Balcony attached to the Master Bedroom however in PPB u ll get a decent balcony attached to the living area. PPB is expecting a Rs. 6-7 per Sqft as maintenance cost, hence for a 1400 3BHK your maintenance would be close to 8000 per month, in Mantri the maintenance cost is expected to be near 4-5.

        Therefore i would say it will depend on your budget and your requirements. Both the projects will have some pros and cons.

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      • Price of webcity is 4840 on which they are giving 200-250 discount so prive becomes 4600 plus its on hennur main road not off road. They are not charging any premium view like palm beach where lagoon view premium is 400-450. Webcity offering 78% carpet area. So better cost effective. So 2 bhk or 3 bhk of webcity is lesser than palm beach. Total project is in four parcels. As of now selling only parcel 1 and 2 for which possession is in 2015 and 2016 respectively. Its you who have to decide which is better for you.

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  14. Hi went and saw the site and was impressed by what mantri is coming up. As i am looking the flat for own stay purpose, I am a bit confused that a 3BHK in 1250 SFT would be good or not. As in my budget i can afford a 1250 SFT size house. Can anyone please help me out in deciding whether a 3BHK in 1250 SFt would be sufficient as I am very much impressed with the society’s approach. As compared to other properties in that area, the approach of webcity is by far the best. Please help. Thanks

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    • 3 bhk in 1250 ? Its not worth a place..what they have shown in the super built up area ..The carpet area will be very less ..so finally u get 3 bhk in 900-1000 sq.ft..which will be very difficult for a family..

      Minimum area for 3bhk should be 1500 sq.ft

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    • I wouldn’t comment on whether you should consider mantri web city as thats your personal choice. But for sure, a 3 BHK in 1250 sqft area is not a livable house. Smaller builders (or some mid size builders in the past) have delivered decent/good 3 BHKs in 1500 sqft area – by giving carpet area of more than 80-85%. Nowadays most of the builders, especially the big builders are giving less than 70% carpet area. In that case you will have very very small rooms/kitchen/living & dining space. so you can either think of increasing your budget or go for a spacious 2 BHK.

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      • Sachin, thanks for replying, I checked their floor plan and their carpeted area is 78%, which is most when i compare with other big builders like Prestige, Purvankara and Brigade. However w.r.t size even i am bit skeptical but when i saw their floor plan, the room sizes are preety decent. Like the MB is 13.5 X 12.5, and other two rooms are also more than 121 SFT in area. Mantri webcity doesnt have a 2BHK in this size.

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    • Their floor plans seem quite practical. Room sizes are fairly big. The only compromise is a slightly smaller balcony and 1 bathroom less.

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      • I came to know that if we buy the flat from the investor company then we get the flat at a cheaper rate. Can anyone please confirm this and if yes, then please can anyone tell me the name of the Company thats investing in Mantri projects so that I can get in touch with them. Thanks

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    • Hi,

      Today I visited Mantri Webcity Project on Hennur Main Road and found the project is more impressive and cheaper then Divyasree ROW or Prestige LakeSide Habitat in terms of Future Development, prices and Appreciation. Surrounding to this Project all big other builders projects are coming like Salarpuria Gold Summit, Aspire, Bhartiya City , Purvankara Palm Beeach, Nitesh , Goyal Orchid. Hennur Main Road is developing in all aspects as all the big builders projects are coming there. Prices are also very much in check if I consider the brand name of Mantri . For 2BHK of 965 sqft they are quoting all inclusive 55-56 lks (Floor rices extra 30rs) and for 2 bhk of 1005 its around 62 lks (floor prices extra). Their Carpet area is 78% which is biggest by any tier A builder. So Carpet area is more than 2bhk of Divyasree (1047 sqft) pr PLH (1100 sqft)
      Many International Schools , Colleges and Hospitals are surrounding this projects. Manyata is 5 kms. and Upcoming Nagavara Metro Station is near by. Roads are also very wide. I want to clear one more thing that I am not any sales guy of Mantri. I just wanted to tell as I liked the project which ivs ery much under my budget with all the best ameneties and future prospect of the area. I checked the Upcoming IT Parkes as well many of them are coming on on Airport road or Thanisnadra road which is adjacent road to Hennur Road. Proposed Peripheral Ring Road is 900 Meters from here. MG Road is 12 Kms from here with Bangalore East Railway station around 10 Kms. Bangalore Fast Rail Link which will connect Airport to city is also on the future list of Hennur Road. Tomorrow I am plannig to go book a 2BHK as I am convinced overall with Area, Builder, Carpet Area and other prospects.

      View Comment
      • You seem to have done a good analysis. If you are working in manyata tech park, this is a good choice. If you are ok with the floor plan, just go for it.

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        • pls check the sale agreement before you decide. check for the penalty clause and the compensation amount that builder will pay..when he will pay.

          all these are important..if the election verdict is hung..only god only will save..all builders will stop building and go home..so be careful.. you can wait till elections and book to be on the safer side.

          even all analysts are saying the same thing..wait till elections and then proceed

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          • Thanks Kamal for your suggestions. I have alredy discusse on these issue before booking and I am satisfied with their Terms and Condtions. However still I would say at the end it is builder who is in benefit on delay of projects not the consumer and its applicable for all the builders.
            I got 200 rs discount so now I am saving aroun 7-9 lakhs more than PLH and Divyasree,Plh takes 5 years to complete whereas Mantri is promosing in next 2.5 years . Saving 9 Lakhs and time for possesion is a big deal and amount for me

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            • BR, What is the expected date of completion?

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              • @KayAar,

                Possession of Flats in Mantri Webicty is depending on Phases. For Phase1 possession will be on Jan 2015 and June 2015 (Only 3 BHK available). For Phase2 , possession will be on Jan 2016 and June 2016.The Flat I booked (2BHK 1005 sqft )will be completed in June 2016. This is a big project with around 2000 apartments spreaded across 40 acres.

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            • Hi BR, At what price are you buying from Mantri webcity? give the total cost excluding registeration, i am also looking for a 2bhk.

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              • @ETIOS,

                Basic Cost for me is around 50 laksh (including Car Park) . excluding VAT,ST,Registration and maintainence and other charges. My advice would be you go and visit Henur Road as there are more than 10 big projects coming on the road like Purvankara Palm Beach, Bhartiya City, Goyal, Salarpuria Aspir, Gold Summit, Nitesh. Go and have discussion about prices and also analyze the area and its potential and then take decision as per your requirement and budget and also please do check the roads quality and traffic congestion.

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                • Hi BR..

                  I went to Webcity today and i am interested in booking the 2BHK (1015sqft) in F/G tower which is available . What was the final per sq price they gave you ? The brochure mentions 4840 but the sales team said they can offer some discount. I plan to make the booking in 2 days if the price fits my budget. I can invest 65 lakhs total including all .So i can negotiate if i know what you paid ?

                  Currently i am confused between Mantri Webcity and HRC Ibbani . The plus points of IBBANI are that it is right next to Jakkur double road and 2km from Bellary road +1200 sqft area costing around 65.

                  The cons of Mantri are that they are not even giving slabs in kitchen :( . Not sure whether they will provide wash basin shelves as well ? Any idea on this. Otherwise Mantri is a better brand and i may choose that over Ibbani if budget is met.

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                  • @Anshul

                    Yes Slab and sink are not providing in Kitchen,but wash basin and mirrors are providing in Toilets. They are told that it could be provided and fixed at the extra cost during possession. I will decide at that time wether to take from them or during fitting of modular kitchen externally.
                    I booked flat @4600 + floor rise charge which costed me lesser than 62 lakhs all inclusive.

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                  • Hi BR,

                    Can you please tell me that is this 4600 per sqft is inclusive of all other charges like registration, VAT etc. or its the base price that they offered you. I am interested in their 3 BHK and planning to Buy in J Block by this weekend. A prompt reply would be appreciated. Thanks

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                  • @Jayesh..

                    Its 4600+Floor Rise Charges .. This is exclusive of other charges as any other builder/property. So if you buy a 1200 sq ft ground floor it will be 4600*1200 + Other Charges . If you want 5th floor which is chargeable as 30sq ft per floor .. it will be 4720*1200 + Original Other Charges+Some Additional cost (30sqft additional charges)

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                  • Hi jayesh
                    I booked at 4600 base price + 30 rs per floor rise .registration, maintenance, vat,st are extra. It costed me few lesser than 62 lakhs all inclusive for 2 bhk of 1010 sqft

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                  • @BR and Anshul Mahajan,

                    Thanks for the info guys and for the quick response. I am very much satisfied with what Mantri is offering and will surely book by this weekend.

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                  • @ BR and Anshul

                    Thanks Guys for all the help and the info, I booked the flat yesterday at Mantri Webcity.

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            • Can u plz mention per sqft rate they offered.

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      • North is like bangalore south, big big residential buildings but not much IT offices. All IT offices-tech park are on paper. No one has even filed construction approvals to bbmp office. Nearest tech park is 6km away from webcity :)

        Bangalore east or whitefield where most of the big buildings are big IT parks and almost same number of under construction buildings are also IT company office, project which is in walking distance is not impressive (i must say you have done very good analysis).

        You have mentioned connectivity to MG road, can you please mention connectivity to whitefield too…distance/time etc.

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        • @Satish,

          I agree many of the IT parks are still on papers at least there are more than 3 projects on Hebbal Road where work has been already started since last one year.
          And as far as distance from Whitefield is considered it would be around 20 kms (40-50 mins) but still it will take lesser time than if somebody who is coming from Marathalli (10 kms) but because of dead traffic it take more than an hour.

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      • Hi BR

        I am interested in booking apartment in Mantri Webcity, need clarifications. Can you share your email/contact??

        View Comment
      • Hi,

        Definitely a good and unbiased analysis. A better ROI can be expected from this project as prices are not skying high. Planning to go coming weekend if everything fits in my resources and requirement, may go for booking. By the way, I checked Mantri webcity website and looks like a decent project.

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        • Hi BR,

          I liked this project and planning to book in the next week. Please provide any suggestions if you have.

          Regards,
          AJ

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          • My suggestion is that you take your decision after calculating all the pros and cons of area and builder. You can also check with other builders as well since there are many projects on this road. For me pros were more than cons so booked here.if you have any doubt you can mail me on email which I mention on one of the threads

            View Comment
  15. We had gone to their site and looked at a generic agreement copy. The scariest thing i felt was that it said that the owners of the land will be the original land owners. Currently Mantri owns about 51% of the land (as per the sales person). They (Mantri) will be purchasing the rest of the land from the remaining owners. Nowhere is it mentioned that the purchaser will own the land. In most apartments the society owns the land and then the apartment owners get a UDS. In Webcity, it looks like the purchaser will only own the “plinth” as per the agreement that I saw. In that case the psf should be much much lower since the cost of construction (per apartment) is much lower than the land cost. I am still undecided whether to go for this project or not. Pls advise.

    View Comment
    • Hi Vaish
      Would like to know more about this before buying a house in this society
      Can you pls provide your contact number

      Thanks
      Hari Pandey
      9986602229

      View Comment
      • Hi Vaish/Hari,

        I heard that Mantri is a developer and land is owned by original owners and will be transferred to the purchasers via the Undisputed share (UDS) without any issues.

        Can you please ack if you heard/read something else.

        Also what about water issue here, is it borewell ? Any chance of cauvery ?

        thanks

        View Comment
  16. Admin Note: Comment removed on request of comment author

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  17. Any thoughts on the location of this project? this seem far off from every place, more like in the middle of nowhere. No school/hospital/mall of note anywhere near. Nearest tech park is Manyata, which could again be 7-8 Kms away. i am no looking for investment (in my view anything above 1 Cr in the name of investment is money down the drain). Any idea when can this location become part of civilization? ;)

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    • Dear Mr Sachin,

      We would like to highlight that Mantri Webcity is the first techno residential project inspired by new age technologies like Nano technology, robotics, cloud computing etc. It’s a project with perfect blend of technology & comfort.

      Please refer to the below link for a detailed description about various other benefits.

      http://www.mantri.in/webcity/index.html

      We would be more than happy to help you. If you would like we can arrange a call back for you from one of our representatives answering all your queries.

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

      Please do mention reference number HS-102 in your email.

      Thanks

      Mantri Developers

      View Comment
    • Hennur Main Road has many schools, International Schools, Colleges,Hospitals, Petrol Pumps, Daily needs stores. Please google it or check by yourselfy by going there, you would not be disappointed with Hennur Main Road.

      View Comment
  18. Can anyone please share agreement copy , if already booked at Mantri Webcity

    View Comment
    • Dear Mr. Pratyush,

      We would be more than happy to help you. If you would like we can arrange a call back for you from one of our representatives answering all your queries.

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

      Please do mention reference number HS-101 in your email.

      Thanks

      Mantri Developers

      View Comment
  19. I think the flat of 1740 eq ft. looks very small…flats of other builders with lower SBA looks bigger than the Mantri flats. what is your opinion

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  20. Just visited Mantri Webcity.Its an utter waste of time visiting the projectNo model flat ready as of date.The only thing spl is that all the spl features and robotics elements will be incorporated in its club house alone ,which is in its 2nd phase.Also in the area in between the 1st and 2nd phase there are pvt structures as well.So ppl who have booked in phase 1 will have to come to phase 2 for enjoing these.When asked about automation to individual flats the rep said it will be done by a third party for an additional amount of 1-2 lakhs.So all in all WEBCITY its just a gimmick by the Mantri group.

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  21. Hi, I created a group for the owners to join this FB group whoever have purchased a flat in Mantri Webcity, previously Mantri Aura. https://www.facebook.com/groups/MantriWebcityOwners/

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  22. Visited the site yesterday. The location is a full 6 Kms from ORR. Apart from Manyata tech park which is also 8 kms from there there is no other development there. And there is not much proposed development in that area. Rental value in that area for 2bhk is also 15-18k. I am wary of investing in such a property. Spending 60-65 for a 2 bhk, I hope someone will come for rent there? Does anyone have any thoughts on whether this is a good investment?

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    • I think this is a good place for living in, there are schools around and there would not be too much of small shops etc coming up around this locality. Mantri they say has plans for 3rd , 4th phase and Commercial area. Its not too far from City or the airport. I hear that this is the upcoming area(Hennur Road) so I’m fine with it.

      View Comment
    • hi,

      What is the current price they are quoting ? How much a typical 2 BHK and 3BHK costs all inclusive.

      Thanks,

      View Comment
    • As Ksr rightly put it, there are schools all around so it would be quiet after school hours and chances of small restaurants, liquor shops etc would not be allowed within the range of schools. I have heard that Commercial area is also in the pipeline. So I guess its going to be ok.

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    • @abhijeet – i have exactly the same questions. and when i asked this question to mantri sales guys (at one of the expo) they were acting very rude. saying that their project is selling like a hot cake because of the location.

      View Comment
  23. I visited the sample flat and it was a let down. Just one small balcony in the drawing room and small windows in the bedrooms. I prefer more airy, open and natural light in rooms, so this was a let down.
    I liked Sobha City flats in comparison, but then again those are beyond my budget.

    View Comment
  24. Hi Friends,
    Have booked a flat in Aura (now Webcity). Spoke to CRM manager and he confirmed that all aminities mentioned for webcity holds good for Aura users also. But when asked will it be available at additional cost or its all included for the price we payed. He said not sure as they are still awaiting cost details from management. He will update me once he has more details.

    Thanks & Regards
    Srinivas V

    View Comment
    • Hi Srinivas,
      At what price and size you booked?

      View Comment
    • As Aura is now Webcity all amenities have to be common. They cannot put additional costs now, as they have not made full disclosure at time of selling Aura flats. Sounds illegal.
      As for the Samsung Tab, would they stoop to that level of not giving it to Aura owners who supported them initially by investing? Not that the tab would make a diff when you are investing over 65Lakhs!! It’s the principle of the thing.

      View Comment
    • Hi Srinivas,
      Even i am planning to book a flat in mantri webcity.They are saying everything @extra cost.For generator they are saying @extra cost and kitchen platform also @extra cost.They also told still they need confirmation on this.Whether you got any idea on what all they will be providing.

      Regards,
      Srini

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  25. Dear All, Web City – Is a name (Meaning – Web – What you find in internet (information, knowledge, education, social life etc) City.. How you are glued to internet on IPADs, Laptops etc.. You can sync those aspects at physical aspects created by few intelligent guys, I think they have hired some international consultants and its their brain child.

    I had a same question about Aura and Mantri Web City – Entire 46 Acres (Indian Definition of Land Space) is considered to be of Web City. Its a perk for Aura users they are getting all Web city amenities in a package. The say is still more tech aspects will be introduced, so one can really expect an high rise of price, which is good for initial investors.

    There is a Samsung Pad being gifted to start knowing about the status of the construction and to sync with buyers and exchange thoughts. (I liked that)

    I am not sure about other properties of Mantri if they can give these kind of features.

    View Comment
    • Dear Mahesh,

      You have understood the project in totality. This first of its kind project launched by Mantri and basis the success of this project, we might replicate the similar facility/amenities in other projects.

      Any specific queries and question pertaining to any of our projects, please do write us at wecare@mantri.in

      With Regards,

      Mantri Developers

      View Comment
      • I love the comment from mantri now, if you have cared only a little when I came for inquiry earlier I would have booked in Aura. The tone of sales guys are like if you don’t buy today, than by tomorrow mantri will be sold out :)

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        • It’s true. Arrogant in nature the sales girl. If we ask question to understand better, she doesnt answer but asks another question. anyway it’s not her property at stake but Mantri’s.

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      • I heard that Mantri has to pay compensation for late completion of their Sarjapur Road project but they keep postponing saying next month, next month. I heard Mrs Mantri does not want to part with the compensation money and is taking the customers for a ride.

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      • can someone explain how ppr (proposed ring road) affects project

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  26. Dear Ram/Vikas,

    Need some correction here, I dont know about your past experience with Mantri. i had been with my family last week, Its not about technology only.. Its more of social elements. Ps dont ignore the fact that living space/community is very important for people like me who has kids studying & I traveling abroad very frequently. what’s in a package of amenities is very wonderful. I never heard or seen any where in america, africa, europe, singapore or in India. Its not Ipad or Kindles – guys grow up look at the thinking.. Elevator Media, Guest lectures, Robotics, and Complete property is for Social Web Companies that changed our life style. I am not a critic to comment on pricing., because I feel it will be nice on price reduction but I see/get real value for investment. Lets encourage such projects and not create opinion. I personally can guarantee you all.. Its a simplified wonderful living at affordable cost. I don’t encourage consumers to assume. Ps get experienced. I also urge lot of IT folks can be part of the community, we can really make use of the infrastructure to create more opportunities for better life. ps feel free to comment or reach me at mmgnaidu@yahoo.com Cheers.

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    • Dear MM, thank you very much for your “personal gurantee”. Never seen such a positive review before :)

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    • Elevator Media??? Seriously??? How long does an elevator ride last, to give importance to it?

      No other country has this because they know it is a ridiculous idea or a desperate idea to sell flats by rebranding a property which did not sell well.

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      • Anon – If that’s your name – Its education at Elevators is what I meant. I think we need to respect innovation and some one’s ideology. Ps see to believe it and it actually works. Other questions like re-branding – I cant comment.

        Why don’t you share your details, so some one can really understand/assist you in a better way. Lets use this forum in a better way and for a better discussion.

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        • Mahesh – If that’s really your name, I have been an active investor and own few Mantri apartments as well. I bought my first Mantri flat in Mantri Gardens in Jayanagar for Rs. 21 lakhs and have got my investment back by renting it out alone and the property has appreciated 4 times. I also work in the IT industry and am well aware of all the tech gimmicks being given there.

          Now you are saying education in elevators! If on an average an elevator ride lasts 60 seconds, I would love to get another MBA in the elevator.

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      • Brigade gateway World Trade tower has elevator media. Yes correct you don’t spend a lot of time in elevators but still it feels good. I have seen new channel tuned in while scaling up a 25 story tower which is engaging. Again personal view and choices…

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      • I think you have valid points anon.

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  27. Saturday Morning I saw the ad for Web City in the newspaper and trust me it was impressive .I immediately checked their web page and also called for inquiry .As I clicked on every feature and wanted to inquire about it the representative on the call helped me in understanding every bit of it.Though it was a long call but it was fruitful.Web City after knowing all the amenities and features and that too being at such a strategic location is an intelligent concept.Water clocks.digital screens,music walls were some which really excited me .Its definitely not a concept which anyone could have ever thought of being integrated in day to day life.I have two kids and they loved the robots thing.Now I don’t have to send my kids outside to make them learn all this .Phew what a relief.!! Yes its ONE OF ITS KIND. They are also giving Samsung tabs which is like icing on the cake.!! Its just not some social elements rather its all the elements blended in some or the other amenity.Its awesome.

    View Comment
    • Dear Divya, we are so glad that you have found a solution for all your problems!

      View Comment
      • Looks like apart for adverstisement…build is hiring folks to promote project on blogs and social media, obiously, it is “Mantri Web City” …..;) Thanks for such a strong feedback Mahesh and Divya. Cheers!

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        • All of this is paid blogging. It just shows that companies think marketing is everything. Fool anybody with paid reviewers, paid ads, paid billboards. Once the real problems creep in, who cares as every flat will have been sold due to marketing gimmicks. One can easily make out the hires who write glowing comments. Somehow, no matter how genuine they try to portray, they can clearly be made out as fake.

          Mantris of the world: Two hoots to your paid marketing.

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    • Yours kids will be grown up when you get possession, I suppose your are referring to your grandchildren.
      Samsung Tab on booking or on delivery of the apartment. Technology moves faster, the tabs will be phased out when the apartment is ready!

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    • sorry to say but “divya” clearly you sound marketing person

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    • Lol!!! Though I have already purchased a webcity and naturally would love to hear good things about it, this post goes over the top!!
      Marketing guys: just some good advice from a person who has already purchased your project. Pls be genuine as it goes a long way in creating trust and pls avoid over the top marketing comments as it really sounds fake!

      View Comment
  28. Hi All,
    I had a word with the Mantri people today on the WebCity project.

    This is what I got:
    1. On Saturday (30-Mar), they launched 4 blocks of 3 BHK apartments (Block U,V,W,X?). These are priced at 4600-4700 per sqft
    2. This is in addition to the 4 blocks of 2BHK apartments that were launched earlier (Blocks: A,B,C,D?), which is priced at Rs 4300/ Sqft
    3. When asked why there is such a price difference between the blocks, proximity to the club was stated as the reason

    Webcity vs. Aura
    1. I asked the customer service lady questions on web-city concepts and got a lot of ‘pfaff’ in return. Aura has been relaunched as Webcity (owing to lacklustre demand?)
    2. In short they are incorporating lot of web/ social elements in the design of the place. (e.g. Kindles and iPads in reading rooms, some app where you could share your pics with all the other residents :O) and there were other things that I do not remember)
    3. My personal take: I think that the additional expenditure incurred on web/social elements is wasteful

    I am a novice this business of apartment buying and would like to hear from all of you on the fundamentals of this project:
    * on Area (and the pricing),
    * Track record of Mantri developers

    Thanks Guys

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  29. hi , Any ides what is the webcity USP is all about . I could not understand the tech terminolgy at all. can any one help me out.

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  30. Folks,

    It can not be same project. Sound me something wrong

    View Comment
    • If you the project masterplan, blocks A,B,C,D,E are from mantri aura.

      View Comment
    • Mantri is holding a big chunk of land in that area, so Aura was always meant to be the first phase of a bigger project. Now they have decided on a theme “web” and hence aura becomes a part of this large complex- webcity.

      It is also true that 5 blocks of aura will be a bit isolated- but this was again expected since the price paid is lower compared to the new blocks.
      Regardless, I think that it is unfair to Aura owners- they should have been informed about the complete plans, in order to make the right buying decision.

      View Comment
      • Thats True…. Phase 1 flat owners seems to be isolated without knowing the total plan before… We knew the initial plans before but all technologies which they have added with web city is near by other phases. If they were thinking to upgrade the project then they should have think abt phase 1 as well but unfortunately they dint even thot abt it!!! May be because all other phase flats are yet be sold out and Phase 1 is already sold out… As a flat owner they should have atleast call the phase owners before launching the phases but they dint. I like the whole plan but I am not liking their attitude any more toward previous buyers!!!

        Thanks,
        Saket

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  31. From the plan it looks like mantri aura is a set of isolated blocks with minimal amenities. All amenities are near the new blocks of webcity. No idea why mantri hid this from owners of aura

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  32. Any idea why Mantri is relaunching Aura as WebCity? Must add that the new name sounds tacky. What next ? http://www.city?

    View Comment
  33. It is not a new project. It is Mantri Aura renamed or rebranded as Webcity.

    View Comment
  34. Hey, any idea about the location?

    View Comment

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