Mantri Altius
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11 insights shared by the community.
What residents appreciate the most
Living in a community like Mantri Altius fosters a vibrant social environment, particularly beneficial for families and individuals seeking interaction. It provides opportunities for children to engage in various sports and activities, make friends, and enjoy an active outdoor life within a safe perimeter. Adults also benefit from networking with like-minded individuals and participating in community events, contributing to an evolved and enriched quality of life.
A larger gated complex means better social life, more events, and things to do, creating an exciting city within itself.
Residents are mostly similar cultured folks, offering chances for more networking and friendships.
The quality of life in a gated apartment or villa is significantly better than a prime plot in a public area.
Better community, better social life. It's superb for kids; they make many friends and thrive with activities like swimming, cycling, and tennis.
It's a much more evolved lifestyle compared to living next to a road with minimalistic amenities.
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Residents benefit from the superior safety and security features inherent in a gated community. This includes robust security measures, a controlled environment free from public street nuisances like stray animals or garbage, and a sense of peace of mind that independent houses often lack. The presence of private guards and a structured environment makes it a major draw for those prioritizing a secure living space.
No hassle of dealing with security or staff management, everything’s handled by the building.
Safety and security. Having lived in both, the security benefits of a gated society are unparalleled.
Residents don't have to deal with stray dogs, thieves, or garbage on public streets.
Security, amenities, and the surrounding ecosystem are major concerns, and gated communities address them.
Gated society living is superior to a house on a public street.
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The project is recognized as an 'Uber rich dwelling' and a symbol of a flamboyant, luxurious lifestyle. It caters to individuals who prioritize an upgraded living experience and a prestigious address over pure investment returns, reflecting a trend where high-end apartments signify social status and provide a secure, well-appointed environment. For the affluent, the cost of such a home is often a minor consideration, viewed as an expense to enhance their lifestyle.
People buying luxury apartments for living don't really consider it as an investment; it's an expense to upgrade their lifestyle.
The penthouse at Mantri Altius offers a free view.
Luxurious homes showing a flamboyant lifestyle are becoming a status symbol in Bengaluru.
Mantri Altius is a place to buy a great home.
Mantri Altius is another uber-rich dwelling, located in the heart of the city.
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Mantri Altius is strategically situated in the heart of Bangalore, offering residents unparalleled access to key city landmarks. Its proximity to Cubbon Park, MG Road, and Chinnaswamy Stadium highlights its desirable and well-connected position, making it a highly sought-after address in a bustling metropolitan area where central land is scarce. This location is particularly advantageous as buying an independent house in such central areas is often not feasible.
Mantri Altius is another uber-rich dwelling, located in the heart of the city.
Mantri Altius is a place to buy a great home. In some cases buying an apartment is more possible than buying an independent house in central areas of the cities, for example, near Chinnaswamy Stadium in Bangalore.
The property is visible from the outer practice wickets at Chinnaswamy, and is also located on Cubbon Road.
Mantri Altius is near Cubbon Park.
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The project offers a highly convenient and hassle-free lifestyle, typical of luxury gated communities. This includes readily available services like plumbers and electricians, efficient garbage collection, stress-free parking, and well-maintained common areas and infrastructure. Such comprehensive management, often including developer-provided electricity backup, water treatment, and sewage treatment plants, frees residents from daily maintenance worries, providing a luxurious and comfortable living experience.
Civic amenities in the city are often poor, making a luxury flat very hassle-free.
Convenience is key: plumbers, electricians on call, easy garbage collection, stress-free parking, lifts, and maintenance are all designed for ease.
Amenities are abundant, even a clean, nice walking track is a big win compared to independent houses.
Busy individuals cannot be bothered with leaking pipes, sewer lines, and watchman salaries, which are handled here.
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Mantri Altius is identified as a suitable dwelling for expatriates, offering a secure and convenient living experience in the city center. Its location provides easy access to hospitals and a variety of dining options, catering to diverse tastes and needs, which are crucial considerations for international residents. The accessibility of healthcare services is also noted as a positive aspect for expats.
The healthcare system here allows immediate access to doctors, which is a significant advantage.
Gated communities offer good security, if one can afford to live in them, which is important for foreigners.
Mantri Altius is an uber-rich dwelling located in the heart of the city, close to hospitals and a variety of eating places, making it suitable for expats.
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Apartments in such high-rise luxury developments often benefit from ample natural sunlight, a significant advantage over independent houses that might be shadowed by neighboring structures. Furthermore, penthouses within the project are noted for offering expansive views, enhancing the overall living experience.
Most flats get better sunlight, unlike independent houses which often lack it due to close neighboring houses.
The Mantri Altius penthouse offers a great view.
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Where residents want improvements
A common concern among some real estate observers is that apartments, particularly as they age, may not appreciate as much as independent plots of land. While luxury apartments in prime locations can still see appreciation, there's a sentiment that their value might decrease considerably after 20 years, with new buyers preferring newer constructions, unlike land which tends to hold or increase its value more consistently over long periods. This is a point of contention, with some arguing that well-constructed Tier-1 apartments do appreciate well.
After a certain period, the rate of appreciation of a plot will be higher than that of an apartment.
Future appreciation value is not an advantage of buying an apartment over a plot, as a plot will be worth way more in 20 years.
The rate of appreciation decreases considerably after 20 years as the building gets older, and new buyers prefer newer apartments, which doesn’t happen with a plot.
People know that a flat is a depreciating asset.
Apartments built by Tier 1 builders in prime areas are being sold at reasonable prices because they are around 20 years old.
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Mantri Altius is positioned as an 'Uber rich dwelling' with a significant price tag, explicitly noted at 15 crore for a 4-bedroom flat. This high cost places it beyond the reach of most potential buyers, making it an exclusive property primarily accessible to the ultra-wealthy who view it as a lifestyle upgrade rather than a primary investment.
Mantri Altius flats are for sale at INR 15 crore for a 4-bedroom unit.
The house cost is peanuts to the super-rich, so they don't look for returns or view it as an investment.
Mantri Altius is an uber-rich dwelling, located in the heart of the city.
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Some individuals express concern over the nature of apartment ownership, perceiving it as a leasehold arrangement rather than outright ownership of the land, often citing a 99-year lease. While many apartments in cities like Bangalore do include an Undivided Share (UDS) of land, granting proportionate freehold rights, the initial perception of not fully owning the property can be a deterrent for some buyers, leading to worries about the long-term stability of their investment.
This concern is only valid if the property is leasehold; in many cities, it's freehold, meaning you own proportionate rights to the land.
In 99 years, one would worry if they are alive and if the company is still around.
You don't ever own a flat; you lease it for 99 years.
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There is a critical viewpoint suggesting that the promotion of 'gated community living' by developers, including those behind luxury projects, is a strategy to maximize profits by selling numerous high-priced units on relatively small land parcels. This perspective questions the underlying motives of the real estate industry in shaping buyer preferences towards apartment complexes.
The praise for 'community life in a gated society' is exactly how the real estate mafia wants people thinking so they can sell many flats at high prices in towers built on small land areas.
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