Is this property legally clear?

Q: Is this property legally clear, Since very few banks are disbursing loans against this property ( Especially Block 4 & Block 5 )

shripad, Apartment Resident

28th November 2012

Legal in Mantri Serenity, Kanakapura Road

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Replies (9)

Hi Manohar,
I have booked a flat in phase 2 wanted to know did they offer any discount

Venkatesh ML, Apartment Resident

4th June 2013

Comment

Not exactly. If you paid the full money including the extra amenities, then they were giving 10% discount on the base value, which is slightly less than bank interest.

Manohar Salimath , Apartment Resident

5th June 2013

I asked their representative in the site office for the legal documents just to go through them over there itself (not to take away to show to a lawyer). My request was declined saying they have just 2 sets of the documents and both the sets are in circulation. I was surprised to know that for such a large project they have only 2 copies of the docs, and none of them is in office. Further asked if they have obtained all the necessary permissions (plan sanction, water supply approval, BESCOM approval etc.). I was informed that the plan has NOT BEEN sanctioned yet, and it will take another couple of months. Surprising!!!

Ameya,

1st June 2013

Comment

thanks basavaraj,

Is there any group of Mantri Serenity owners, which are sharing their experiences. I would like to be part of that.

though there is a committment from M/s mantri that I phase would be handed over by 31st Jan, 2014, it seems they are delaying it upto June '14. Yesterday I went to site, there is hardly any progress in past two months.

Manohar Salimath , Apartment Resident

18th February 2013

Comment

Even I have booked flat here...

shripad, Apartment Resident

21st February 2013

When will they start construction of block 4 & 5 ? any idea

shripad, Apartment Resident

6th May 2013

Hi Shripad
I have booked a flat in phase 2, and they said the construction will start from Aug 2013
Also wanted to know did they give any discount?

Venkatesh ML, Apartment Resident

4th June 2013

No Basavraj.aIf you you make full payment then they offer some discount, otherwise its tough task, But you should still try to negotiate

shripad, Apartment Resident

26th June 2013

Hi Manhor, I have also booked the flat here

Basavaraj Biradar,

18th February 2013

Comment

I have bought at Mantri serenity. Is there any one, who has bought at this place?

Manohar Salimath , Apartment Resident

5th February 2013

Comment

I am not sure if the price Rs.4690/sqft is the right price for this project and in that area.. Can anyone provide your comment and views??

Vishy, Bangalore

31st January 2013

Comment

Yes I beleive, But most of the other builders are also pricing in the same range.

shripad, Apartment Resident

31st January 2013

did u buy this project shripad?

Vishy, Bangalore

5th February 2013

with all the extra cost it is Rs.6000 per sq ft.. which in my opinion is exorbitant.. only plus point other than the locality is only mantri is giving pre-emi which no one else in the area is giving.

Vishy, Bangalore

5th February 2013

Hi, I was interested in this project . Feel it is overvalued, is 1 crore for 1710 sq.ft a worth option. Plz suggest

Kishore, Bangalore

5th April 2013

Are you planning to buy a flat in this project?

Vinu S,

28th November 2012

Comment

Yes I am thinking of buying provided it is legally clear.

shripad, Apartment Resident

29th November 2012

I have bought a flat in the I phase here. There is no legal hassles. All banks are giving loans. papers are very clear. But what I heard is that there is some smal hitch in the second pahse

Manohar Salimath , Apartment Resident

18th February 2013

Mantri Developers is one of the reputed and well known builder of real estate. They have successfully completed many projects and I do not think there is any legal issue in the project.

Vasanth,

28th November 2012

Comment

Mantri Serenity is one of the popular residential developments in Konanakunte neighborhood of Bangalore. It is among the Ongoing Projects of Mantri Developers Pvt Ltd. The project is known to be approved by BBMP

Kanthi Sridhar, Bangalore

28th November 2012

Comment