Manrti Developers Reviews: Noida Extension investors move High Court

Around 2,000 flat buyers, affected by quashing of land acquisition in Noida Extension, have moved Allahabad High Court asking to be heard as the court decides on more farmers' petitions, who have complained of inadequate compensation.

The application was moved by a newly-floated body, "Noida Extension Flat Buyers' Welfare Association" which has requested that while deciding petitions relating to acquisition of land in villages like Roza-Yaqoobpur and Bisrakh-Jalalpur, "they too be allowed to tell their side of the story", the applicants' lawyer S D Singh said.

The buyers contend that quashing of land acquisitions often makes them suffer for no fault of theirs.

The court had, on July 19, quashed the acquisition of nearly 600 hectare of land in Patwari village of Gautam Buddh Nagar district where a number of housing projects are underway.

source form : http://profit.ndtv.com/news/market/article-noida-extension-investors-move-high-court-147319

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Mantri Developers Reviews: Real estate agents now a part of Central Advisory Council

 MUMBAI: The central government, through a crucial amendment, has included real estate agents in the Central Advisory Council that will help the government understand issues related to the real estate sector.

The amendment makes property brokers a key stakeholder in the real estate industry along with homebuyers and builders.

In a separate development pertaining to the same Bill, the Rajya Sabha Select Committee has added that the functions of the Real Estate Regulatory Authority, to be formed under the proposed Bill, will include protection of interest of agents along with allottees and promoters.

The council is proposed to be formed under the aegis of the amended Real Estate Bill and the Minister of Housing & Urban Poverty Alleviation will be the ex-officio chairman of the same. The advisory council will be established after the enactment of the proposed real estate Bill.

The group will be advising the central government on a continuous basis on the implementation of the Act, recommend policy, protection of consumer interest and foster growth and development of the real estate sector.

Apart from property brokers, the council will have one member representing key stakeholders, including consumers, builders, architect and the legal fraternity.

"We expect the Council to be formed soon after the Bill gets enacted. The Council can act as a prime mover in initiating debates on critical aspects of the real estate industry.

By including real estate agents, the government will now have better understanding of several issues that relate to consumer satisfaction in real estate transactions, as agents interact with customers more than what builders do," said Sanjay Bhargava, founder of realty advisory company Bombay Homes. While property brokers have welcomed the move, they also highlighted other key issues that need government's attention.

Various broker bodies have suggested setting up registration criterion for realty agents along with minimum educational qualification, while voicing their concern on agents being treated at par with builders.

The Real Estate (Regulation and Development) Bill, 2013, seeks to establish Real Estate Regulatory Authorities (RERAs) at the state level for the regulation and development of the real estate sector. It aims at ensuring consumer protection and standardisation in business practices and transactions in the real estate sector.

Source From: http://www.gharabari.com/news-india-Real-estate-agents-now-a-part-of-Central-Advisory-Council--16356.

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Mantri Developers Review – Corporate Profile

Great Structures are built with the vision of generations commitment and trust are the core values that drive us to take on the challenges of emerging a vibrant world of tomorrow. A winning spirit comes from dedication, commitment and core values of focus and efforts. Be it sports or service industry, winning attitude counts as the biggest quality.

Mantri Constructions is a name to reckon with trust, quality and its services. Practicing professional values is its true credibility and winning habit is its identity. Whether it is residential or commercial project, infrastructural or real estate development Or IT parks, Mantri Constructions has always emerged as the real winner in every aspect.

Mastering the art of perfection

We stress our expertise for Professional and provide safe, productive and cost effective work place environment. Our services covers consultancy in Designing Phase with Practical Building advice and providing assistance in pre qualification processes of Contractors & Vendors. Planning, Designing, Building and Management With over two decades of experience, we have gained sound knowledge, experience and professional expertise to provide effective and result oriented start to end solutions.

Building relationships

With a solid base of more than 15,000 satisfied customers, including 3000 NRI’s we have shaped more than 150 projects under our belt on over 15 million sq. ft. area. We treat every project as our first project. Our attitude towards every new task is quite enthusiastic. We create the best with the ultimate objective of customer delight and satisfaction.

• Corporate Profile
• Mission, Corevalues & Vision
• Management Team
• Awards and Accreditation

Mantri Developers Review

Set up in 1999, Mantri Group is a key real estate player delivering world-class commercial projects, IT parks, residential properties and shopping complexes. In a short span of time, the developer has successfully delivered more than 6,000 residential homes and launched over 20 projects. Mantri Builders is also known for building the first ultra-luxury residential apartments with complete 360 degree view in the year 2003. Mantri Developers are a trend setter in the Indian real estate sector

with the construction of world-class residential projects in different cities, including Chennai, Bangalore and Hyderabad. With an aim to expand its customer base in the coming years, the renowned builder plans to focus more on hospitality, residential, educational institutions, IT parks and retail sector in Pune, Hyderabad, Chennai and Bangalore. 

Website: www.mantri.in