Bangalore apartment prices hit the roof

Archana Patni, NDTV

Saturday, September 9, 2006 (Bangalore):

The central district in Bangalore is probably one of the most expensive properties in the entire country.

17, Rajbhavan Road is the only residential complex, apart from the governor's house on the Rajbhavan road in Bangalore.

Mantri Alitus is everybody's dream home. Imagine waking up every morning, walking out to your balcony and getting this beautiful view of the city of Bangalore.

But owning these bungalows in the sky is not that easy. You don't only have to be really rich; you also have to be extremely lucky to get chosen to own this property

"This property was designed only for high class people, on invitation only. We called the people. We made a selection so that we could have like-minded families with us," said Snehal Mantri, Director, Marketing, Mantri Builders.

Luxuries galore

A 17-floor building with each floor housing just one apartment of about 5,600 sq ft each, every house give you a panoramic view of the city of Bangalore.

"Amenities-wise, we have taken care and pampered our owners. They have the luxury of 11,000 sq feet of clubhouse, which is being designed on seven-star hotel standards.

"From the main lobby to the swimming pool to the club house, the sauna, jacuzzi and billiards, all the luxuries they want they will get," said Mantri.

While the first flat was sold for Rs 3 crore, you can now only own one of these apartments for a whopping Rs 12 crore, and guess what, it's already all sold out!