Mantri Realty to launch six housing projects

Mantri RealtyA? plans to launch six housing projects within next few months to develop around 2,300 flats across the country.A? The projects will require an investment of about Rs 1,500 crore in the next three years and the price of the residential units will go up to Rs 5 crore.

“TheA?realty marketA?has almost stabilised and buyers are coming back as they have realised that prices are unlikely to fall further. Demand is good if we offer attractive schemes,” said Sunil Mantri, Mantri Realty Chairman.

Out of the total investment, Rs 300-500 crore will be raised as debt from banks, whileA?the restA?will come from internal accruals and customers’ booking, Mantri added.

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