Mantri Developers Reviews & Complaints
Posted On: 20/08/2015
By: Firoz Jan
Contact information: Mantri Developers
Dear all, do not buy any Mantri Developers. Most of the projects are delayed by over 2 years. I have booked their flat at Mantri webcity, Hennur and i have heard workers and contractors are not getting paid hence they have left which is result in delay in completion of the property. Mantri is going bankrupt similar to Unitech and other famous builders. Project is delayed by almost 2 years and looking at current progress it would take 3 years to complete. It is warning for you to not waste your hard earned money buying a property from a builder who cannot be trusted. They have given Jan 2015 as position date, now its September 2015. Looking at the current progress the property won’t get completed by Jan 2017. They would offer lucrative pre-payment option and take entire flat value (100 % flat payment). Later once the date of position is reached pre-payment is stopped and you won’t get your position and you would end up paying EMI on 100 % flat value. THIS IS A WARNING DO NOT BUY ANY FLATS WITH Mantri Developers Pvt Ltd.
I am mentally disturbed as i am heading towards bankruptcy as i have to rent as well as EMI on 100 % property value while the property is 2 years away from completion. Completion date was Jan 2015.
