Mantri Developers

Mantri Developers Pvt. Ltd. is a Bengaluru-based real estate developer founded by Sushil Mantri in 1999, known for large residential and retail projects across South India. Led by founder-chairman Sushil Mantri (with Snehal Mantri in marketing & HR and Vishal Gupta listed as CEO in some sources), the company has delivered tens of thousands of homes and large mixed‑use assets. Signature projects include Mantri WebCity, Mantri Pinnacle, Mantri Espana and the 1.7M sq.ft. Mantri Square Mall. The firm focuses on premium to large-scale residential, retail and commercial developments concentrated in Bangalore with ongoing projects across Chennai, Pune and Hyderabad.

Founded in 1999, Mantri has ~26 years of operating history (1999–2025). Over that period it claims delivery of over 40 million sq.ft. and more than 47,000 apartments, with continuous launches from the early 2000s to ongoing projects in 2023–24.

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Developer Projects

Mantri develops large-scale residential (apartments, villas, row houses) and mixed-use/commercial projects, spanning premium luxury (e.g., Centrium with helipad), large township-style developments (WebCity, WebCity — 44+ acres), and retail assets (Mantri Square Mall). Most activity is concentrated in Bangalore, with projects also in Chennai, Hyderabad and Pune.

Mantri PinnacleResidential Community | Apartment

BannerghattaBangalore

Mantri SerenityResidential Community | Apartment

KanakapuraBangalore

Mantri WebCityResidential Community | Apartment

HennurBangalore

Mantri BlossomResidential Community | Apartment

LalbaghBangalore

Mantri CentriumResidential Community | Apartment

SeshadripuramBangalore

Mantri LithosResidential Community | Apartment

NagavaraBangalore

Mantri CourtyardResidential Community

KanakapuraBangalore

Mantri TranquilResidential Community | Apartment

SubramanyapuraBangalore

Mantri AlpyneResidential Community | Apartment

BanashankariBangalore

Mantri EspanaResidential Community | Apartment

BellandurBangalore

FAQ

Who are the owners ?

Sushil Mantri — Founder, Chairman & Managing Director (promoter and principal face of the company)
Snehal Mantri — Director (Marketing & HR)
Vishal Gupta — Listed as CEO in some sources (senior management / executive leadership)

Note: The company operates as Mantri Developers Pvt. Ltd.; ownership/control is with the promoter group led by Sushil Mantri (private company).

When was the company founded ?

Founded in 1999 — about 26 years of operations as of 2025.

Is this a public company ?

No — Mantri Developers is a privately held company (Mantri Developers Pvt. Ltd.). Financial highlights: CARE D rating on long‑term bank facilities (₹230 Cr), recent operating income decline (FY23→FY24), some loans classified as NPA/SMA and delays in debt servicing, but also external investment (≈ $68M from Morgan Stanley Real Estate).

Which are the builder's popular projects ?

Mantri WebCity (Hennur Road, Bangalore): Large township — ~44.26 acres, ~2,171 units across 22 blocks; multiple amenities and phased possession from 2020.
Mantri Pinnacle (Bannerghatta Road, Bangalore): Premium apartments (3/4/5 BHK), full clubhouse and luxury finishes; launched 2013–14 and ready to move.
Mantri Espana (Bellandur, Bangalore): Large residential campus (~13.5 acres, 339 units) offering 3–5 BHK units and premium finishes; ready to move.
Mantri Centrium (Seshadripuram, Bangalore): Ultra‑premium residences (3–4.5 BHK up to ~8,900 sq.ft.), home automation, helipad and extensive luxury amenities; launched 2014, possession began 2022.
Mantri Square Mall (Malleswaram, Bangalore): One of their major retail assets — ~1.7 million sq.ft. retail space with 250+ outlets; operational since 2010.

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