Raghuvinder Pathania, AVP Sales & Marketing, Mantri Developers

Raghuvinder Pathania, Asst. Vice President Sales & Marketing, Mantri Developers Pvt Ltd. has been working with Mantri Developers for last 11 years and have contributed remarkably in the growth of the company. He has over 13 years of professional experience in managing marketing and sales, customer relationship management and also manages the international business operations.

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 14 years, the company has built over 24 projects. Today, Mantri Developers has to its credit over 10 million square feet of constructed area, over 30,000 satisfied residents and 8 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 and Hyderabad.

Replying to Yash Ved of IIFL, Raghuvinder Singh Pathania says Currently, our portfolio is spread across 20 million sq. ft. which includes 11 million sq.ft in the residential, retail, office, hospitality and townships.

Brief us about your current and upcoming projects in residential, commercial, retail space? Mantri Developers has been at the helm of changing the skyline of South India since 1999. In these 14 years the group has carved a niche for itself in the real estate industry.

In the residential sector, we have just launched Primus Eden at Kanakapura Road. The project, a state of the art luxurious residential community for seniors (55 years and above) marks the entry of Mantri Developers into senior living segment.

In the retail space we have one of South Indias most prominent and one of the largest malls in the country. The Mantri Square in Bangalore is spread over an astonishing 1.7 million sq. ft. of space, and hosts over 250 retail outlets. The company is also on the threshold of creating further landmarks in retail. Mantri Developers has also left its mark in the commercial office space segment. We have changed the landscape with a host of premium & ultra-modern complexes. The company has also recently made a foray into the high-growth area of office leasing apart from Bangalore in Pune and Hyderabad which is spread over 11 mn sq ft.

What is the total area under development? Mantri Developers is one of the leading players in South India. We have a very diversified portfolio of services that we offer. Currently, our portfolio is spread across 20 million sq. ft. which includes 11 million sq.ft in the residential, retail, office, hospitality and townships. These projects are under various stages of the construction.

In our residential segment we have various kinds of projects under development. It consists of villas, row houses, super luxury apartments, luxury apartments and semi-luxury Apartments. The Company has an enviable track record of having delivered 1.4 homes, every single day. Environmental management and safety standards are a major concern at our company and we are at the forefront of using cutting-edge technological innovations like home automation systems to complement the state-of-the-art architecture of its smart home projects.

What price scenario do you see in Mumbai and other cities? On the whole, 2013 proved to be an exciting and eventful year for the real estate market in the country. With the passing of Real Estate Regulatory Bill and the Land Acquisition Bill in the parliament, the real estate market is on the cusp of new developments. We are hoping that these new regulations will bring some stability in the sector.

With respect to Mumbai, the real estate in the city is bit fragmented owing to the geographical conditions (its an island city) and hence there are pockets of markets that have emerged over a period of time. These pockets are unique and have their own characteristics as a result of which we have some high growth pockets and some slow growth ones. Affordable housing is proving to be a big challenge in the city as the land prices are sky rocketing in the city.

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Raghuvinder Pathania, AVP Sales & Marketing, Mantri Developers