Real Estate Update

Mantri to launch six townships

March 2010

Mantri Developers Pvt Ltd plans to launch six integrated residential township projects comprising 30,000 units across Chennai, Bengaluru and Hyderabad. The company is likely to invest Rs 3,000 crore on the projects and about 3,000 units are expected to come up in the first phase. The apartments will be available in the Rs 30 lakh to Rs 3 crore range. The company also plans to launch four new projects in Bengaluru to address the mid-income segment.

Contact: Mantri Developers Pvt Ltd. Tel: 080-4130 0000. Fax: 080-4132 5000. E-mail: Website: