Mantri Developers Review- Why It's the Right Time to Invest In Income Funds

Real estate sales are falling. There has been a 50 per cent rise in unsold housing inventory between June 2012 and December 2014. The top six markets - Bangalore, Chennai, Hyderabad, Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (Delhi-NCR) and Pune - have nearly seven lakh unsold units, according to Liases Foras, a real estate research fi rm.

Is real estate losing its title as the most-preferred asset among Indians? The answer, looking at the data, is an unequivocal yes.

Between April 2014 and March 2015, sales fell 34 per cent in nine cities, as per data by PropTiger.com, a real estate portal. These cities are Ahmedabad, Bangalore, Chennai, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida and Pune. Only 2.20 lakh units were sold in these cities in 2014/15, compared to 3.35 units in the corresponding period last year. Gurgaon saw the sharpest drop in sales, 57 per cent, while Pune fared better with a drop of 19 per cent.

The trend has surprised many observers. Real estate has always been the most sought-after asset class, given the kind of returns it has delivered in the past. Even after the fi nancial crisis of 2008, some residential markets saw fast growth. And, when equities bit the dust after 2008, people further increased their dependence on real estate and gold.

This rise in demand between 2009 and 2013 saw prices double in some markets. For example, Noida Extension, one of the key markets in the National Capital Region (NCR), prices almost doubled from Rs 1,830 per sq.ft. to Rs 3,476 per sq.ft. between March 2010 and March 2013, as per data by PropTiger.com. Prices in Panvel, Mumbai, rose from Rs 2,904 per sq.ft. to Rs 4,898 per sq.ft. Similarly, prices in Whitefi eld, Bengaluru, went up from Rs 2,400 per sq.ft. to Rs 4,134 per sq.ft. during the period.

But things have worsened after 2013. Since then, prices have stagnated or declined. The asset class turned out to be second-worst performer in 2014/15, when equities returned 25 per cent. Prices in micro markets like Dwarka Expressway, Noida Extension, Thane, Panvel, Whitefi eld, Shollinganalur and Dombivali rose just 1-4 per cent.

Even premium residential real estate markets were hit hard. As per a recent report by Jones Lang LaSalle, a real estate consultancy: "Areas in South and Central Delhi such as Vasant Vihar, Defence Colony, Jor Bagh and Golf Links have seen prices fall in the range of 15-20 per cent since 2013. Areas like Westend, Shantiniketan, Prithviraj Road, Aurangzeb Road and Amrita Shergill Marg have prices correct by 10-15 per cent."

Builders were expecting that a new government at the Centre and falling interest rates will help stimulate demand, but nothing of that sort has happened yet.

There were 2.33 lakh unsold units in NCR and 1.72 in MMR as on December 2014, a rise of 36 per cent and 47 per cent, respectively, from June 2012. However, it is Bengaluru that has seen the highest rise of 142 per cent in inventory since June 2012. The city has 1.01 lakh unsold units, as per Liases Foras.

Source Frome : http://www.businesstoday.in/magazine/money-today/bargain-for-discounts-when-buying-house-realty-huge-inventories/story/219651.html

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Delhi-NCR housing sales drop 50 per cent in H1

Housing sales in Delhi-NCR fell by 50 per cent during first six months of this year to 14,250 units on low demand due to high prices and uncertainty over project delivery, property consultant Knight Frank said on Wednesday. 

New home launches fell by 68 per cent to 11,360 units in January-June 2015, from 35,500 units in the first half of last year. Unsold inventories in Delhi-NCR stood at nearly 1.9 lakh homes, which will take real estate developers 5 years to offload at current sales velocity. 

"NCR residential market stares at free fall. Performance has been dismal. NCR is the worst market with 5 years of unsold inventories," Knight Frank India Executive Director, North and Capital Markets, Rajeev Bairathi told reporters while releasing half yearly report on the real estate market.

On housing prices, he said the average rates have increased by a nominal 3 per cent, but the effective price of transactions have gone down considering inflation as well as freebies and staggered payment plan offered by the developers. "The looming uncertainty over project deliveries and the unaffordability of the existing supply have depressed buyer sentiments in NCR, leading to a bottomed-out sales velocity," the report said. 

 "NCR is now an end user-driven market - developers restrict new launches, while buyers carefully select clean projects," it added. Knight Frank said market dynamics have restrained short-term speculators from making quick returns from real estate investments. "Even the long-term investors are looking for a desperate exit due to the muted price growth. The largest residential market of the country is currently in a state of correction, with stakeholders staring at the piling up inventory and bottomed-out sales velocity," the report said. 

"Policy fallacies such as the opening up of new land for development, allotment of group housing licences in areas with no infrastructure, project delays due to litigations and the liquidity crunch and stagnant incomes have affected NCR's real estate appetite adversely," Knight Frank observed. 

Source frome: http://www.businesstoday.in/money/real-estate/delhi-ncr-housing-sales-drop-50percent-in-h1/story/222220.html

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Overview Of Mantri Webcity

Mantri Webcity Mantri Webcity is a horde of 2BHK – 3BHK Flats to choose from ranging into 1155 Sqft to 1740 Sqft per Flat. With Amenities to stir the envy quotient amongst its competitors Mantri Developers bring out the best that you deserve. Secured with world class security Staff and Modernized equipments, Mantri Webcity is the first choice for those who prioritize security more than any other amenities.
Spread over a vast and spacious cover of land spanning 40 Acres, Mantri Webcity is a blend of facilities seeping into your every need, with artistically designed gardens that would let your feet below craving for the lush green grass underneath, allowing your morning walks over the curvy pavements, breathing the freshness into your souls and sprinkling the tiny water droplets wedging out of the flamboyant fountains, completing your desires of retreat.

Mantri Webcity Location

Aptly located on Hennur main Road with easy accessibility to IT Zones such as Manyata Tech Park and many more upcoming IT Projects, Also its easier access to the Bengaluru International Airport BIAL is an added advantage to its location. Mantri Webcity we believe is going to be one of the most sought after apartments for majority of the IT crowd.

Mantri Webcity Price

Considering the tightened economical strings due to increasing prices, Mantri Developers have tagged their multi facilities loaded Flats with a Very Competitive Price Range that would fit into your buying budget allowing you to Choose than Chase your dream home. Mantri Webcity is a once in a opportunity with Universal Quality at affordable prices.

Mantri Webcity AMENITIES and Features

• Interactive elevators
• Digital foldable screens
• Digital library
• Music Walls
• Water clocks
• Robotics
• Elevator Media
• Mantri's Digital life
• Club House
• Tweet Parks
• Music Wall
• Web Wisher
• Mantri Standard Time
• Day Care for Kids & Elderly
• Web Room
• Web Library
• Earth Live Screens
• Business Conference Rooms
• Dine with Fun
• Sculptors of Social Web Icons

About The Builder

In the supremely dynamic and competitive sphere of property development, one name has consistently been a trail blazer, setting the trends for others to follow. The innovation-led, future-focused Mantri Developers Pvt. Ltd.Established in 1999 by Mr. Sushil Mantri, the company has been the pioneering force behind the rapidly changing skyline of south India, with developments that span the residential, retail, commercial, education and hospitality sectors.
In just 16 years, the group, with the spirit of innovation at its core, has carved a niche for itself as an industry benchmark for quality, customer focus, robust engineering, in-house research, uncompromising business ethics and the unswerving commitment to timeless values and total transparency in every aspect of its business. These exceptional attributes have made Mantri Developers one of India’s most preferred real estate brands in south India.
As part of its diversified portfolio that is cumulatively spread over 20 million sq. ft. under various stages of construction in residential, retail, office, hospitality, and townships in the high-growth urban centres. Under residential segment, Mantri Developers offers villas, row houses, super luxury apartments, luxury apartments and semi-luxury Apartments.The Company has an enviable track record of having delivered 1.4 homes, every single day. Mantri Developers is committed towards developing ecologically sustainable projects, with a strong emphasis on environmental management and safety standards. The company is also in the forefront of using cutting-edge technological innovations like home automation systems to complement the state-of-the-art architecture of its smart home projects.

Source From: http://www.mantriwebcity.com/ 

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Mantri Developers Review - Mantri Webcity for a very Limited Time

Mantri Webcity

“Assured Retun Scheme" in  Mantri Webcity for a very limited time. 

Assured return upto 100% of their self contribution in 36 months. Details of the offer are as under :-

Payment Terms: a.    Down Payment (Self Contribution) - 10%
b.    Bank Funding (Immediate) - 60%, Pre-EMI payout will be paid by us for 36 months.
“ Assured Return Offer”- a.    Exit in 36 months- Gain 100% Assured return on self contribution.
b.    Exit in 24 months- Avail Assured return @ 66.66% on self contribution. 

 

Illustration II – Mantri Webcity (Example with Minimum budget value apartment):

Apartment Size (Sq.ft)	2 BHK	950	Benefits to Customer	Buy Back at 36 Months	Buy Back 24 Months
Total Apartment Value	Rs.	65,62,254		Take away   Rs. 13,12,451	Take away Rs. 10,93,709
Self Contribution	10%	6,56,225		Loan will be Closed by MDPL	Loan will be Closed by MDPL
Loan for PRE-EMI (will be paid till 36 months)	60%	39,37,352

 

With perfect blend of technology & comfort. We are leveraging technologies to bring in unique experiences to our residents with installation of intelligent and interactive features like interactive elevators, digital foldable screens, digital library, Music Walls, Water clocks, etc… this would change the way you dreamt about your living spaces.

 

Sprawling over acres of land, nested in the nexus of IT firms and other companies, aesthetically designed homes infused with web elements, one of its kind landscaped gardens, pavements, ornate fountains, acres of greenery, tweet parks and many more such things in the web city would leave you awestruck & revolutionize the way you socialize, enjoy, explore and innovate.

 

Mantri Webcity aims at keep its residents connected and socialize in the community where they are living by incorporating the social networking elements in their daily life.

 

 

Type	:	Residential
Location	:	Hennur Main Road
Size	:	950 - 1835 SQFT
Bedrooms	:	2/3 BHK & Penthouses
Price	:	51.21 Lacs - 98.90 Lacs
Booking Status	:	Under Construction
Possession	:	Mar, 2017

 

For more details about project and want to know about Mantri developers review visit link.

 

Source from:  http://www.mantriwebcity.in/