Industry

Mantri Developers sells penthouse on Snapdeal for Rs. 6 crore

mantriMantri Developers, one of India’s most trusted real estate groups, todaysnap announced the sale of a luxury penthouse at Mantri Espana in Bengaluru for Rs. 6 crore on Snapdeal, India’s largest online marketplace, making this the highest online residential sale in the country.

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In light of the surge in online property sales, Mantri Developers recently tied up with Snapdeal to sell premium and luxury residential apartments online.

Speaking about the sale, Mr Sushil Mantri, MD of Mantri Developers said, “As a constant endeavour to push the boundaries of innovation, we tried to evaluate an alliance with Snapdeal and explore online marketing and selling options through the portal. The result speaks for itself as we have been able to achieve a sale for one of our most premium properties – Mantri Espana worth Rs. 6 crore. It is the highest online residential sale in present times! We are happy with the result and will continue to forge our way ahead amidst the various possibilities in the digital universe.”

Mr Mantri who is also the Vice President for CREDAI National added, “Mantri developers has been one of the pioneers in the digital marketing segment through existing solutions like unified video chat for new and existing clients, secure payment gateways for online purchase, and Mantri Corporate Mobile App for instant property viewing. We will continue to innovate more in this space

Poornima, the home-buyer said, “I wanted to deal only with trusted builders for buying my dream home and when I saw Mantri Developers selling premium units on Snapdeal, I was tempted to explore!  The information they provided was crisp, accurate and to the point. Also the payment process was quick and secure. I managed to avoid unnecessary trips to the project sites and various developers’ office in selecting the project. The buying process was so convenient and I was also offered a very good deal on Snapdeal.

Speaking about the growth of the category and the partnership with Mantri Developers, Amit Maheshwari, VP Fashion, FMCG and Real Estate, Snapdeal said, “Real estate category on Snapdeal has been growing at over 400% since its launch in August 2014 and is shaping into one of the most exciting categories for us. India’s top developers are now our partners and customer response too has been tremendous. From a buyer’s point of view, Snapdeal offers multiple options from reputed developers to choose from. The buying process on Snapdeal is hassle free and buyers get end-to-end service support ensuring seamless buying experience across projects. We are very excited about the prospects of real estate category on Snapdeal.”

Designed around Spanish colonial architecture, Mantri Espana unifies the Mediterranean style with modern design-patterned arches, tiled courtyards, red roof and terraces along with expansive windows and open space. The penthouses come with attached family terrace area with beautiful view of lake and greenery around.

About Mantri Developers

Mantri Developers Pvt. Ltd. is a leading developer of world class Homes, IT Parks, Retail Spaces and Educational Institutions. Mr. Sushil Mantri founded Mantri Developers in Bangalore in the year 1999. In just 15 years, the company has built over 28 projects. Today, as part of its diversified portfolio Mantri Developers cumulatively has to its credit around 16 million square feet of constructed area, over 30,000 satisfied residents and over 23 million square feet under various stages of construction. Mantri Developers has a track record of delivering 1.4 homes per day since inception. The company plans to focus on the residential sector, retail, hospitality, IT Parks and educational institutions in Bangalore, Chennai, Hyderabad and Pune.

About Snapdeal

Snapdeal’s vision is to create India’s most impactful digital commerce ecosystem that creates life-changing experiences for buyers and sellers. In February 2010, Kunal Bahl along with Rohit Bansal, started Snapdeal.com – India’s largest online marketplace, with the widest assortment of 12 million+ products across 500+ diverse categories from thousands of regional, national, and international brands and retailers. With millions of users and 150,000 sellers, Snapdeal is the shopping destination for internet users across the country, delivering to 5000+ cities and towns in India. With its acquisition of Freecharge in 2015, a leading mobile transactions platform, Snapdeal has become the largest mCommerce company in the country. In its journey till now, Snapdeal has partnered with several global marquee investors and individuals such as SoftBank, BlackRock, Temasek, eBay Inc., Premji Invest, Intel Capital, Bessemer Venture Partners, Mr. Ratan Tata, among others.

 

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Tracy Venkatesh

Tracy Venkatesh

Tracy Venkatesh has spent twenty years working and interacting with a socioeconomically diverse population in both the private and public sectors, and has held positions in multiple verticals including content development, healthcare, customer relations management, defense and law enforcement.

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