Mantri Developers Awarded by President of India With CII-ITC Sustainability Award 2012

BANGALORE, January 15, 2013 /PRNewswire/ --

Mantri Developers Pvt. Ltd., South India's leading real estate developer, has been conferred with the most coveted CII-ITC Sustainability Award for the year 2012. The award came in recognition to Mantri's strong commitment to excel on the journey towards sustainable development. This is for the first time that real estate developers have been selected by CII for this prestigious award.

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The Honourable President of India, Shri Pranab Mukherjee, presented the prestigious award to Mr. Sushil Mantri, Chairman and Managing Director, Mantri Developers Pvt Ltd., at a special event oraganised by CII in New Delhi yesterday.

Speaking on achieving this distinction, Mr. Sushil Mantri, Chairman and Managing Director, Mantri Developers, said: "I would like to thank CII and respected Jury members for bestowing this honour on us; I am extremely honoured and elated. It is a matter of great pride to see that our commitment and efforts to drive sustainability within and outside the organisation has been recognized and we feel more encouraged to work harder towards driving the 'Triple Bottom Line' approach."

'Triple Bottom Line' approach signifies corporate strategy and imbues its execution with a larger sense of purpose, encompassing economic, social and environmental dimensions. The award evaluation was based on array of parameters like social performance, community development initiatives, economical growth, quality management, environmental practices, product innovation, customers and vendors satisfaction and human resource practices.

"I feel elated that we have won this citation in the first attempt and the credit for this goes to all of our employees, customers, investors and well wishers. I would like to thank all of them," added Mr. Mantri.  

The CII-ITC Sustainability Awards are an industry benchmark to recognize the contribution of notable thought leaders, promoters and institutions which helped to translate the vision of creating a sustainable world into reality and have successfully instituted sustainability in some element of their business. This esteemed award was given to Mantri Developers after a rigorous evaluation process carried out by expert CII assessor and distinguished jury panel.

Mr. Sushil Mantri was recently declared as the founding member of the CII-Indian Green Building Council at the 'Green Building Congress 2012'.

About CII-ITC Sustainability Awards:

The CII-ITC Sustainability Awards are conferred to Indian companies that demonstrate excellent performance in the area of Sustainable Development. The Sustainability Awards - instituted by the CII-ITC Centre of Excellence for Sustainable Development in 2006 - are a unique initiative to identify and recognise Indian business for their exemplary performance in economic, environmental and social dimensions of all their imperatives.

About Mantri Developers:

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 12 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. For more information, log on to http://www.mantri.in 

Primary Media Contact: Sarvamangala Koti, Sarvamangala.koti@mantri.in, 91-9686913800