Mantri Developers has announced the launch of their new apartment project called Mantri WebCity designed as a Web Themed township. The project located on Hennur Main Road will offer aparments in 2/3 BHK configurations.
Mantri WebCity Options
- 2 BHK
- 3 BHK
Area spanning 1155 sft.to 1740 sft.
Mantri WebCity Location
Hennur Main Road
Mantri WebCity Price
Basic price starts at Rs. 54.74 lakhs as of March 30th 2013.
Please refer to review article for Mantri Aura for more details and discussions
Hi my name is Abhishek, I own a flat in Manti Webcity X tower. Last few months has been a torture to me and my family from Mantri CRMs, where they are constantly changing possession dates, ignoring calls and lastly they advised Jan 2019. But seeing the construction work on the actual site and now reading the comments in the forum, I know Jan 2019 will not be a steady date. I bought the flat in the year 2013 and wanted to check if there is any Whats App group or community who is in touch with Mantri to understand the real updates or way out. Thanks for help.
P.S: I can be reach out at : abhishekghai4@gmail.com
Watch this video and you will understand what is happening https://www.youtube.com/watch?v=7oXAauWzb_A
Jackson,
What is the status now? Does the property have litigation/ cases? They have delivered parcel 1 but wanted to check if that parcel also has issues.
Thanks for your help if you know anything about it.
There is no construction activity going on in parcel 2 from last many months and is delayed beyond imagination of 2022. They are continue to trap innocent home buyers by making false promises and wrongly communicating their existing and new customers delivery dates but as per RERA its 2022, which one can see on RERA website
Its more than 5 months now when not a new brick is added in Parcel 2. Project head still confidently try to fool buyers stating work commencing in full swing thinking and pick up face from next week onwards speed gonna increase 10 folds. Project start date is 2014 and completion date is 2022 that is 8 years in rera website that too if they atleast not try to cheat dates in rera website. With these huge delays Mantri developers gonna give run for maney to many infous NCR developers.
Hi All
Can anyone provide an update on the current state of construction at web city? Are they back on track now? I am planning to buy a flat in phase 3 of webcity.
Sandeep please be careful. Construction is not going well. New buyers are getting cheated and the current wait it toll 2022. Please don’t trust Mantri. Read the comments and make your Decision.
I should have read the comments and stayed away from this project. I booked the apartment 2 months ago and now there is no information coming. I’m trying to reach out to the sales person and the customer care, but there is no response.
Dear Sandeep,
Have a flat in phase 3, 18th floor. If you are interested kindly mail Lokesh@saisys.in.
Thanks
Again Bad New,
After following up for months together the CRM Team lets me know that they will deduct 1% of the agreement value if i decide to cancel. That is just absurd. Anyways, I’m at a loss now.
For the people who think that getting into a contract with Mantri is going to get them a home, please think a hundred time discuss with other people, check online for reviews and only then give any amount.
I’m posting with another email ID, because most of my comments are getting deleted for some reason. Who knows maybe mantri is getting it done with HarshaSagar.com
Hi Jaxon,
Did you get any help from RERA. Even I am facing an issue with Mantri. I should have checked this website before going and engaging into a contract with these jokers ( Mantri ).
I have asked for a cancellation because of their negligence and bad customer support. Like you mentioned, everything in their agreement is just bogus and eventually keep them safe and never responsible for anything negative that may arise in future.
This is not something new from Mantri. In the past few years many of my friends have been duped and cheated by Mantri. I did not think that it could happen to me and I took up the Mantri Webcity, which as you already know was a very bad decision.
Now the completion is going to happen by 2020. I got to know from a Richard from Mantri, that these guys are somehow working with the RERA by bribing them and getting an extension till 2022. I wasn’t surprised.
This is a warning to everyone who is thinking of taking up an apartment at Mantri. Please Do NOT do it. You might as well donate it.
Can we form a group and take up collectively.This would be strength all of us. I am concerned about mantri web Bangalore.
Thanking you
Hi Kamal,
Its point less. Mantri thinks that they can do anything and everything against the buyers.
Once they get some money they get going with the next project and don’t care about their existing ones. Its a ponzi scheme actually. They take their own sweet time to complete their projects and take unfortunate middle class people like us for granted.
The best way to teach them a lesson is by spreading the word and warn unsuspecting buyers to stay clear from Mantri.
its going to almost 4 months since i paid the booking amount and i still don’t have any documents to prove that I booked the apartment. The sales person said that he would give a reciept and he never did. This is plain cheating
Hi Folks
Any update on phase 3 handover? I had booked in 2013 and currently not in India and need the update,
When I try to speak to builder they gave same standard reply..!
Mine is V block please
Asha, Mantri Projects will take another 4 years to complete if you are lucky. These guys are trying to get as much money from people to somehow continue work. The word out on the street is that Mantri has a lot of Fines to pay and the company doesn’t have money to handle their on going projects, hence they came out with these schemes before RERA kicked in.
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Now that RERA is in place, they are in dilemma on how to make paperwork to keep their side safe and put the customers on the receiving end.
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I did the mistake of booking a 2bhk apartment at Mantri Webcity and now i’m trying to get the money back, which is not happening. I’ll be raising a complaint with RERA by paying Rs.1000
Dear Jackson,
Did you filed any complaint in RERA?
Dear Jackson,
Wish to know if you had made any Rera complaints
Yes I made a RERA Complaint. I’m waiting for a response.
Complaint Ref CMP/171128/0000276.
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As expected the CRM team will never respond and the sales team will give you all kinds of Rosy pictures about the future of Mantri Webcity and how amazing it is going to be.
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Mantri is coming out with all kinds of offers and options to get what ever money that they can get to stay afloat. If you’ve noticed, now they only want 1% down payment and you will never have to worry again till the handover. Yeah Right.. Best of Luck with that.
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Shortly you’ll see that Mantri will file for Bankrupcy and then all the Projects that are in progress will come to a halt and then legal action will start. Mantri customers will end up spending decades to get something back and that too if they approach the courts and consistently follow up
Dear Jackson,
May you please let me the process of making RERA complaint. Even I wish to go ahead and do a formal complain, not sure how much it will help, but I wish to go ahead with it.
I don’t know if you will get a quick response, but you’ll need to file the complaint here http://rera.karnataka.gov.in/home , There is a Rs.1000 charge however..
Mantri don’t care about if we raise a RERA Complaint. We just have to be stern and try to get our money.
The worst part about this entire ordeal is , the way they treat you. Its like as if I am asking Mantri to give me their hard earned money.
Dear Jackson,
With recent changes in law wherein property buyer is treated as secured creditors we should go ahead jointly and file case in NCLT for winding up. If we all can form a group would be great and effective remedy. I can lead the entire process with effective support and knowledge. Please connect if you all are ready
Hi KK,
I finally got my money after RERA intervened. Mantri called me back and settled the matter. That brainless CRM Asha at Mantri should be thrown out of her job. She is as useless as a chewing gum stuck under a bench.
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Note to ecerybody : please trust RERA and don’t hesitate to go to their office if it is required.
Dear,
Can you please let me know the exact prices of filling RERA complaint.
Please pass me your contact details on ashishmalik479@gmail.com, if possible
Dear Philips,
Thanks for your feed back is there any refund to investors in PRE EMI Scheme ?
Thanking you
Jhunjhunwala
Good to know that you could resolved the issue. Can you please share your contact details with me at rajnish.kb@gmail.com
If you do not mind, I would call up over the weekend to understand a few things.
Hi even I am a victim of this. What do you suggest as the best remedy? RERA or going to NCLT?
Dear Mr KK,
I would humbly seek your help in how to go about this
That will not help. They will still play their games
Asha,
you will have to really follow up almost everyday. things are not going the way they say it is. Mantri CRM team are a bunch of liars and they just want to get you off the phone.
Its going to be 6 months and I still do not have my money. The other people are still struggling to get their money for the 20-80 subvention scheme. The contract that they signed says that the customers will be responsible if the Builder doesn’t pay the Lender ( Bank ) the monthly EMI…. When you discuss this part with the Builder, they will say Mantri is a great brand with loads of funds and don’t need customer funds to continue constructions.
Let me the first to warn you.. Mantri is going to file for bankruptcy. After that leagal actions will start and with the way it goes in India, you’ll probably get a solution in a decade or two.
*** STAY AWAY from MANTRI DEVELOPERS ***
If P2 and P3 do not complete in time, is Mantri punishable under new RERA law? What is expected completion date by the way?
Dear goutam
I am also an investor in mantri webcity buyback scheme. Supposed to get 2x of my. Investment on march 31st 2017. But to my utter dissapointment i am still fighting to get back my money.
They are harrasing me to get bak my own investment.
Can u ls share ur contact no. I want to get in touch with all the invedtors who are being fooled by mantrii
My email is arathig@gmail.com
I had booked in 2012 now finally ( 2017!!) Phase 1 has got OC. Wonder if same crap happens with all these BIG builders????
KSR,
I just booked the Mantri 3BHK at Parcel 2 ( H Block ). They said it will be ready by 2019, but i’m not keeping any hopes. I’m going to target mid of 2021 and be prepared for any screwups in between. Bottom line is that, middle class people of India will have to endure a lot of hardship to get a decent living. No matter which PM or President comes in, none of them are going do anything for our benefit. There will always be some hidden agenda.
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btw, booking in 2012 and getting the apartment in 2017 .. I believe that’s pretty standard here in India. Most builders do take about 5-7 years to get their Apartments ready. I’ve had experiences with Puravankara where they took 7 years to give the OC 🙂 . Prestige Song of the South is at just Level 0 and they too are promising OC in 2019. Do you see a trend here ?
The best way to go about it is by not building dreams in the cloud. We do not have strict regulations in India like in many other countries.
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With RERA coming in,there might be some ray of hope for consumers/buyers like us, but again if Salman Khan can get out easy after killing a bunch of people, then we shouldn’t expect much from RERA as well. I read that the Max jail term is 3 years. I see Vijay Mallya still chilling with hot white women in the UK. I’ve been waiting for the Metro near Kumaraswamy Layout to be operational since 2002 🙂 and the govt worked on it for a good 15 years and its still standing tall and strong in NON OPERATIONAL condition.
The problem is ” WE HAVE GREAT EXPECTATIONS IN INDIA ” and in simple terms its called “Living in Denial” 🙂
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I would say, just pay your taxes and be on guard for the worst. If something good happens, it will make you feel so much better and if something bad happens, then you were already expecting it and nothing will change much.
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Mantri Webcity in 2022 – WoooHooooo . Hope to meet you all then.
As expected, Now i’m a Victim 🙂
I shouldn’t have gone ahead even after knowing that I would land in trouble.
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I booked the 3bhk apartment with Mantri at the Webcity project and also paid a sum of Rs.1, 00,000. Even after 2 months there was no developments in the paper work and all our requests to make minor changes to the apartment and the documents were declined. The draft document that was sent had everything in favor of the Developer and in case we failed or delayed a payment it would cost us dearly.
There was nothing holding the Developer responsible.
I discussed with my lawyer and he recommended that I get out of this project, since there are 1000s of unhappy customers in multiple projects of Mantri. When initially booked the apartment, they said if there were any issues on Mantri’s side they would refund the amount immediately.
When I actually cancelled the booking, they do not want to refund the money and now say that they will only pay it back once they have sold that particular unit.
I will be raising a complaint with RERA and I’m willing to spend Rs.1000 for it as well.
Anyone thinking of purchasing Mantri Apartments, please understand that they do not have funds and are waiting for your money to proceed. Eventually, they will go bust because of RERA penalties. Once they go bust, all ongoing projects will stop and all the customers who have put their money in Mantri expecting to get an apartment after a few year will be running pillar to post trying to get a legal solution. Trust me, Mantri Management will escape and the customers will remain unhappy.
I just got a call from the CRM team and they said , now that I posted all these comments online, they will only refund the money after deducting 1% of the agreement value.
Just goes to show you how they work. Like i mentioned earlier, Mantri just wants to get as much money as possible to run their drowning operations. I started this entire ordeal in August 2017 and now 5 months they are saying that it was my fault and that i shouldn’t have written all these comments online.
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Just a note to everyone, you would think that these things can’t happen to you, but it will if you go with Mantri.
A simle google search will show you the comments about all the other projects that they have.
Dear,
What actions did you take? Even I’m posting comments on their twitter account, but that has no to helped me in anyway.
Can you please guide me in getting my money from mantri?
Dear Ravi,
I’m also facing the same issue, can you please include me in your communications, and also wish to know if there is any way to legal action against them.
Same with me include me in the conversation too
Please connect me if you want to legal against Mantri
Sure.. can you pass me your contact details on ashishmalik479@gmail.com
I herd Mantri Webcity has got OC, is that correct info?
Finally Phase 1 ( AURA) has got OC !!! They had been fooling us for years…now finally…
I am an investor in Mantri Webcity Project Buyback scheme. 20% was paid as my initial contribution and 80% was released by PNBHFL bank as lump sum to the builder. Builder assured to pay the pre-emi every month and return 2x of the original contribution at the end of 3 years. We all invested in this scheme as this was floated by a so called reputed builder and backed by a national bank. Currently, I am sitting on a backlog of 5 month pre-emi that is yet to be paid by the builder. My buyback already ended in August 2016 and the builder has not returned the 2x of my original contribution yet. The so-called reputed Mantri builder has simply cheated and fooled customers in this 20:80 scheme. We’ve sent legal notice to the builder and as a next step filing a lawsuit on them for breach of contractual obligations. Unfortunately, in this country we have to resort to legal recourse to get our own money back. I would advise all potential customers/NRI buyers not to fall into this trap by Mantri builders and other builders floating such interest subvention schemes in the market.
ThankU Very much Sathyan for ur comment..I too did come across this offer those days of 2013/14 i think, fortunately by GOds grace, did not invest in their scheme. But again my 2 cents..6 months-1 year is normal i think with such large scale and Real estate in india. Right now I invested in similar project in Hyderabad and stuck( 2x returns & pre-emi paid) …I wish you get al ur money ASAP and come out of this project.
I am also in the same situation as yours, can you please share your contact details
RTI has informed there is no OC in progress for Phase 1, Mantri has not applied for OC till date and people are already Occupying their flats and renting in Phase 1 ( Blocks A to E). What is the outcome, will they be in trouble or is this the way of all builders and owners in other Apartments also?
Will Mantri ever get OC and Bescom, water etc?
I asked to sales rep, he told me OC Will get by April Month.
Can i know which flat yours?
@Mantri team
do you have guts to clear the dust on OC for phase 1!
I also checked in with Sobhacity my friend resides their, he says they are also due for OC,
I checked with Mantri Team, they said they have applied for OC long back, if possible anybody try to get the copy of submitted document.
Now what you tell. I got an OC from Mantri Developers Yesterday.
I think you are not a Home Buyer in Mantri Webcity.
Yesterday they sent me a OC Copy to my mail. Finally got the OC.
[ Webcity Enticing scheme , why not case of cheating?]
Their are lot o buyers how have booked In this subvention scheme, the buyer books the property by paying 20-25% of the property cost upfront. The rest is paid by the bank (PNBHFL in this case) to the developer upfront in the form of a loan to the buyer. The developer agrees to bear the interest cost till possession or for a fixed period mentioned in the buyer seller agreement. In some cases the developer also assures the buyer that he will return 2x of the customer’s contribution in three years time and close the loan with the bank if the buyer does not intend to retain the property. Since such schemes were floated in the market by leading real estate developers and backed by a nationalized bank like PNB, hundreds of customers including me invested in this scheme.
Well it came to our attention later that first of all such subvention scheme where the loan is disbursed upfront by the bank to the builder is not recommended by Reserve Bank of India (RBI). RBI, in 2013, has issued an advisory (RBI Advisory) and warned all banks and financial institutions against such ‘innovative’ housing finance schemes. Further RBI has provided a detailed explanation how such schemes can be detrimental to end customers besides the financial institutions themselves. Unfortunately PNB, through its housing finance subsidiary PNBHFL (where it has 51% stake) has not only ignored the advisory from RBI but also kept the home buyers in such schemes in dark up until now. To make things worse, they are continuing to offer these subvention schemes and disbursing loans upfront to builders even now despite the RBI advisory.
The current sate, the builders have stopped bearing the interest cost of the loan and for few buyers the builder did not return the 2x of their contribution even when the buyers did not intend to retain the property – both of which are clear breach of contract in the buyer seller agreement . As of August 2016, the builder hasn’t paid interest for more than 6 months to the buyers. The builder has also delayed the possession date by 2-3 years from the original dates. Because the entire loan was disbursed upfront by PNBHFL, as law-abiding citizens the buyers are left with no choice but to keep paying the entire loan interest to PNBHFL for a property that’s not yet fully constructed, often taking personal loan or borrowing from family/friends at higher cost. That’s a huge drain on any middle class citizens’ finances. Even after bringing this to attention with the developer and bank several times, neither the builder nor the PNB seem to care.
The buyers are now running pillar to post pleading with the builders to release our bank interest on time and clear the past dues. The builder has turned deaf to our requests giving frivolous reasons justifying their misdeeds, We also requested PNBHFL to persuade the builder to honour their commitment and pay the buyers the interest on time or defer the interest payments of the buyers until the builders mend their ways so it can provide some temporary relief to us. Surprisingly, PNBHFL is not of much help to the buyers for some strange reasons and seem to be more supportive of the misdeeds of the builders. This has put all of us honest, hard working, taxpayers at risk of defaulting on our interest to the bank and risking our credit history.
After Nitesh Estates another fraud builder, only god can help home buyers..Mr Modi are you listening?
Its the Polciy, How religious we follow rule sin India, How safe is for one s Legal rights and privileges. In this case rules & Law taking for granted in those days of 2013/14 is the main reason,. Neither Modi nor president nor Trump can do anything.
Had visited site yesterday, i liked the open space they are providing and 1740sqft looks bigger. i have seen good development in this location but my only concern is timeline for other phases.
25/75 offer is helping me in reducing my EMI burden as the sales guy has promised that i need not pay 75% till possession. I dont know about buy back offer hope this 25:75 is not the same.
We are the existing set of buyers, and mantri web projects are in the bad shape Mantri is floating set of ponzi schemes from day, ours are double the investment in 3 years. The data was due on Aug 2016, but manti is not honoring our contract. Lot of buyers are entrapped in this scheme on parcel 2 and parcel 3.
I think parcel 3 is in better shape, however you never know the timeline they will finish the project. They want just 25% as they are facing huge cash crunch at this point of time. You might better wait and watch not to put your hard earned money into non safe hands.
Am also conned by Mantri in their Webcity project under the 20-80 Buy Back Scheme.
Mantri is unilaterally declining to give the buy back value as also extending the completion date.
I would like to touch with others similarly conned, so that we can mull legal options. My email id gtractin@yahoo.co.in
Hi All,
I am planning to buy a flat around hennur and checked this site..
Can anyone tell me about the storm water drains or drainage naala flowing through this property, the google maps show there is a drain coming from Esther lake..when we asked ,the sales guy said the drains are dried up and not in use.. worried in future the upcoming residential layouts upstream would let sewage in this drain.
According to sales rep Possession will be in July 2019 and we can go for 25/75 scheme.. haven’t finalised yet..
Hi,
Even i also asked to sales guy about that nala . He said will cover by concrete slabs along with plants and trees. I have visited many projects at Hennur Main Road, i think this project is looks good to buy.I booked a flat in P – Block 1740 Sft,
I believe Mantri Developers they will cover nalas with slabs, also they are constructed as per BBMP Norms.
Good to know that you have done enough research on this mantri ‘City’.
I didnot understand clearly the 25%-75% scheme and how it works. I was told that initially I should pay 25% of overall amount (including registration etc.,) and remaining should be paid at the time of possession (when they give the key to me… mostly by 2019 end). No need to go for loan in-between for remaining 75%.
Not sure, how 25% of the overall amount is suffice for the construction?
Can you please revert if you observe any hidden terms and conditions.
Also, I read somewhere rajkalve should not be covered with slab. It should be opened and enough space should be unused in both sides of the rajkalve.
I have booked a 2BHK in K Block, i got MOU with reference to the scheme saying 75% payment on possession. phase 1 looks decent in terms of space & landscape, only confusion is they are claiming 80% carpet area where in others say 73%, anyone knows how is this.
For my flat in D block they said 76% CA
Hi am planning to buy 2BHK in K Block 12th floor. Could you please provide your inputs/ suggestions. This is my mail address bharaththefrequenter@gmail.com
My Friend has verified the documents related to setback, luckily no issues in that. I also got to know that they will not collect 75% payment till possession, in that case i think it will be safe under 25:75 offer.
Hi, Am planning to buy 2BHK at Mantri Web City G block, 25% -75% option, could you plz let me know how much they quoted to you finally? it will help me in negotiating with them? did they charge floor charge also???
My mail ID- ramesh.belkoti@gmail.com
hey, please beware and do not invest in Mantri projects.
25:75 offer means they take your 25% money and you keep waiting for flat possession till dont know when.
most of Mantri projects are delayed by more than 4 years, i,.e. 8 years from booking date.
They will take money from customers, either 20 % from buyer and 80 % as bank loan in name of buyer.
Recently they have started new scheme where you only pay 10% now and remaining on possession. this means they take your money and their is no guarantee when construction will be complete.
Customers from whom they have taken 100% are suffering due to false promises from Mantri, see below:
https://www.change.org/p/ms-indira-nanu-chief-general-manager-reserve-bank-of-india-6-sansad-marg-new-delhi-mantri-developers-and-pnbhfl-nexus-exploits-hundreds-of-home-buyers
https://www.change.org/p/mantri-premero-waiting-for-our-flat-for-more-than-6-years-to-start-this-project
I am also cheated with buy back scheme of mantri webcity and 8 month emi back log is pending. We are thinking to ho legal with this now as it’s hard to pay emi to PNB. All who are having same issue please contact me. 9480821904
Hi
Any update about this project?
They have not even updated the construction status for 4 months now at their website
We are worried about our investment in this project!
please update
Builders to pay 10.9% interest for delay in house delivery…..Times of India, NOV 1st 2016…
http://timesofindia.indiatimes.com/business/india-business/Builders-to-pay-10-9-interest-for-delay-in-house-delivery/articleshow/55174510.cms
IT IS COMING, Mantri Kantris can wake up……WINTER IS COMING!!!!! Its going to freeze your butts within a year. Hopefully by the time Bengaluru Winter sets in…..Wait and Watch…….
Heard that OC for Webcity is held up bcos of encroachment by Mantri’s other projects, can the Authority do that ? is it legal to take this sort of deterrent action when it is not within the legal framework?
Dumb Guys, at least they will be able to sell their flats in other Phases and projects to suckers like us if they took the OC for Phase 1 ( my idea of hanging a carrot in front of the M donkey!! 🙂 .
Came upon the new RERA regulations. Does the 10.9% interest payment hold for Mantri Aura/Webcity bookings as well. As youll know they are super delayed….http://timesofindia.indiatimes.com/business/india-business/Builders-to-pay-10-9-interest-for-delay-in-house-delivery/articleshow/55174510.cms
Have the Mantri guys obtained OC for their projects which they have completed? They are not giving OC for Webcity, just dragging on and on…At least if they have obtained for their other projects then we may have some light at the end of the Webcity tunnel…..otherwise do not take possession!!! I hear it is illegal….even to Register before OC. I will not Register or take possession, though Mantri guys are trying to pressurise…I will take legal action if they charge me anything before OC/BESCOM/etc.
The total area is 1445 sqfit.
Hi Friends,
I have a flat at Mantri Webcity (Aura) in parcel 1. It is 3 BHK with SBA 1155 sq.ft. East Facing. On the fifth floor. Premium facing. 180 degree view. 3 BHK at the cost 2 BHK. Almost ready to move in. Contact me on nas92214@gmail.com if interested.
These guys could take you for a ride, seeing how phase 1 is away from the other phases, better get Phase one property docs checked thoroughly. Better safe than sorry.
Mantri had promised to hand over R block by 2016 August , but their progress is not even 30% . Similarly other blocks in the same phase have delayed . They are not in a position to sale the properties in those blocks due to huge and tremendous delay. What is the procedure to take this issue with RERA of India. And also Mantri have appointed lot of their marketing guys in this blog as well resale blog. Be carefull with those guys . I have called resale owners to check property status , they were all Mantris Employees and when enquired in depth they opened the truth.
I found the site quiet well in terms of investment specially with their 25-75 scheme. I feel its very good scheme as I am paying only 25% now and the remaining 75% at the time of possession.
Kindly guide me if anyone has taken on this scheme. Much appreciated.
Hi, had been to mantri webcity and liked the plans of 1740 square feet apartment, seems to be very well placed with good light and ventilation, they have offered me scheme of 50% on booking and 50% while handing over the apartment. I also liked their facilities provided inside. Planning to buy on vinayaka chaturthi.
so many marketing guys posing as buyers for Mantri.. 🙂 .. Radha & Ramesh’s statements are ditto..
how come ramesh patil and radha post exactly the same lines. mantri’s agents at work ?
Few other Comments also on the same lines…
Here is the pattern :
1) VISITED
2) SCHEME
3)
4) GOING TO BUY
Exactly these words are used by marketing guys. I paid advance for this apartment in a hurry that too without a bargain. They provided document only for the floor i purchased for legal opinion. They did not provide documents for the entire 40 acres, they might have brought these land from 10 people and there might be Some roads, SWD & buffer lands included in it. Recent demolitions in bangalore has scared me for investment in apartments.
I have booked 1740 sq ft apartment and sufferings since then. They moved the possession date by 1&1/2 yrs more. It will not be ready for another 5 yrs. Be a fool to buy.
Which Radha is this?? there is another on 16 July ( J Block) whose opinion is totally opposite. She must be for real and this must definitely be the marketeer……Seriously…what do these guys take us for…
Hi Kesari,
Yes you are right. I guess they are using the same names and trying to again cheat people, which is their forte. These for sure are Mantri people trying to attract the potential victims
Hi, had been to mantri webcity and liked the plans of 1740 square feet apartment, seems to be very well placed with good light and ventilation, they have offered me scheme of 50% on booking and 50% while handing over the apartment. I also liked their facilities provided inside. Planning to buy on vinayaka chaturthi.
Hey, me too planning to buy
I thought you already bought in J Block …come on u guys, stop bullsh*tting us. Mantri is delaying non stop and over years….so cut it out and get the OC , BESCOM etc and give us our Emi and flats….
They say that we need not even go for a bank loan now and we need to pay 75% only at the time of possession. which means i would require bank assistance only when my unit is ready and if i have understood it right then its a very good deal for property buyers.
Hi, I have been to Mantri Webcity, It looks nice to me particular with their scheme.
Booking under 25-75, looks really less risky and I can feel the market.
Being in Dubai, good returns in less investment, Please give me your final count?
I may go for the least size of the unit.
Dear Hariom,
I have booked a flat in 20-80 scheme in parcel1, originally Mantri aura. We booked in November 2012 paid 20% and Mantri paid the pre-emi interest to MY account for the next 24 months. No hiccups. However after exactly 24 months bank has disbursed full monies and my EMI starts. My flat is not yet ready! It is now August 2016, flat is still not ready for possession. So in reality I am paying EMI’s every month and not getting any rental return! Appreciation? We can only know when the flat is saleable with OC, promised facilities etc, right? Long story short, the government has removed all 20-80 schemes. It is no longer an agreement between builder, bank & you that the builder pays the pre-emi interest… it is two agreements between you & the bank to pay interest, first 24 months and EMI thereon, and the builder to pay the interest monies into your account for the first 24 months. My honest suggestion, appreciation…try equity/mutual fund based on your appetite. Home/Rental Income/Property speculation buy READY TO OCCUPY.
Appreciation is the only hope for the people who are paying EMI for mantri webcity. I have visited many mantri projects owned by my friends their property price has appreciated. even the projects started after webcity are almost completed. This is only the worst project of mantri in bangalore which is sqeezing the investors.
Hi,
I had been to Webcity last week, i am looking for a 2BHK and got an offer of 25:75.
it says pay 25% now and remaining pay on possession, says not required to go for housing loan no EMI head aces.
I liked the project, Kindly suggest…
As My job location is nearby to webcity…I have visited the site at least 4 times. I have taken my family and they have also liked the project…(needless to say that I liked it too)
The kind of features Mantri is providing is really fantastic. Though I am kind of perfectionist but the kind of perfection Mantri Developers is coming up with is really commandable. I will strongly recommend this project.
Amarjyoti, when you say you job location is near by, where do you work? in the sales Mantri sales? :))
Hi All,
Anybody bought a flat in Parcel-3 ( Towers U, V, W &X) ? Recently, I have received a communication stating that possession has delayed by 2 more years (2018 now!). Please share, if you happened to know the reason.
Also, if I am selling the flat to another person, do I have to part share with Matri developers?
Do we have any whatsapp or facebook group to discuss? if yes plz let me know.
yes we got the same email for sept 2018, when we inquired with CRM he said its official dates communicated but will start the handover process from late 2017! i know he is lying but nothing can be done as of now.
@George yes they would charge 4% of agreement value as transfer fees
I had booked an apartment in X block under the 20/80 scheme. The apartment possession date has been delayed till Aug 2018 officially. The actual delay could be more.
As mentioned by others, there are actually two agreements under the 20/80 scheme. I pay my pre-EMI to the bank at the beginning of the month, and Mantri reimburses the same at the end of the month. However in reality, Mantri does not make the pre-EMI reimbursements in time. They are currently lagging behind by 4-5 months presumably owing to cash flow issues. I have having to pay to the bank every irrespective of whether I get the money from Mantri. Pl go for this scheme only if you have the financial strength to sustain this onslaught. In simple terms, be prepared to add finance costs for delayed payments from Mantri while evaluating the actual cost of the apartment
I have booked in T block and have received an Email stating possession date as Dec 2019. Spoke to CRM who confirmed that entire Parcel 3 will be handed over together so if you have a mail stating 2018 or June 2019, it’s nothing but a lie and eye wash. React to these liars. Drag Sneha Mantri into discussion. Ask for an Email directly from her or Sushil Mantri.
Hi,
We had booked a flat in parcel 2 J block in 2014 under the pre-emi scheme.
They are not paying the pre-emi since 5 months. And the project is delayed till 2019 ( as compared to promised date of 2017).
Upon asking for pre-emi and following up uncountable number of times, their deputy CRMs are saying they cannot pay !!! These developers do whatever they want without any fear and common people like us have to suffer. We are just feeling so helpless where we cannot do anything against these so called reputed builders but just feel CHEATED !! If anyone else is facing similar issues and got some resolution, please suggest.
Thanks and Regards,
Radha
take them to the court. file a case if you have guts or keep cribbing on here.
Hi,
Obviously that’s the thing to do, we will just not watch them eating up our money. This forum is to let other probable victims of mantri know that they should not get into mantri. There are 1000s who are suffering but want to save many others.
I am interested to drag these guys to court, can you share your contact details or contact me at – ca.chdua@gmail.com
Stay away…January 2015 possession still not provided in July 2016…no bescom, no water, no gas, no amenities…everything will be included in the cost while booking but later they will charge you extra for everything…
Hi,
Last week, i visited Mantri WebCity site and showed me the apartment and the sales team told me that they are ready to give 3 BHK (1305) in parcel 1 – F tower – 6 floor for 85 Lakhs including all the charges(This includes registration charges, gas pipeline,water,Electricity,club house, etc..).(5790 per sq.ft) and sales team promised me that all these charges will be mentioned in the agreement and i don’t have to pay any other money.
So please advise me that it is worth buying at that rate.
Thanks
Jiten
Hi Jitean. I am planning to sell my 3 BHK, 1305 sqft, 6th floor apartment in a different block in Mantri webccity. Please contact me if interested – will work out a good deal. rmdesh at yahoo dot com.
Stay away from Mantri and your life will be peaceful. They had become worse than local standalone builder. Trusting them, I am suffering now. Not at all trust worthy!! Very soon launching a blog with social media with all facts to do social service for you all.
Hi Debabrata,
Even we had been trapped into the buyback and the pre-emi scheme (J block parcel 2). The project has been delayed by 2 years (to say the teast) and there is no pre-emi payment since 5 months. If you have found some solution, please let me know too as I just want to be out of this project. Seeking a help in this regards as I am just feeling helpless.
Thanks and Regards,
Radha
I have bought my Apt in the B building and registered as well, still suffering delivery delay. They will loot as much as they can, me and myu friend have paid separate amounts. Mantri sucks
We have purchased in s block 1740 sqft 3 BHK. We are also afraid about the delay. What do u plan to do. They say we would suffer a big loss if we cancel now
Good day to all,
I am an owner in A block. Am overseas and have been going bonkers trying to get any clear information about delayed possession compensation. Keep hearing 2 to 3 RS per sqft. Is a forum or group formed so that a united approach can be made as we paid full upfront.
Also the amenities charges are a dilema in the making. Can anyone share any insight as we plan to start interiors soon.
Parcel 1- A block
Iam of the view that we should wait till possession. We should not register until C.C. and O.C. copies are given.
Please do not register until you see the O.C.
Once we get those, then we would having all the owners of Parcel 1 go with litigation against Mantri for causing monetary loss.
Even today going with litigation is the best way.
Facebook, Twitter good for awareness, however will not get you any compensation.
Getting Rs 2 or 3 is not an option at all. Do not accept it.
Please consult a resonable (good) lawyer.
Had sent and email seeking clarity on maintenance. Even spoke to CRM. No update yet. There had promised email regarding position will be sent on 15th May. As usual, they missed another delivery date.
Dear Srinivas V,
Greetings from Mantri Developers!
We are concerned to note your grievance. Please share your feedback along with your contact details on http://www.mantri-connect.com. We will get in touch with you.
Dear Mantri developers,
We do not need to get in touch with you, you need to get in touch with us to solve our greviances. Greviances are well known to you as they are not distinctly seperate but the same for each parcel you have sold. The fun part is I still get calls from your sales people trying to sell me another one of your flats. That is KYC for you… LOL
Please add me to parcel1 telegram group I bought flat in A-1304
When we can expect OC? I paid only booking amount 2L for D block till now.
Add me.
I am an investor in Phase ! of Mantri Webcity (sold as Mantri Aura). Please add me to a group of Phase1 owners. I have not registered the property and am unwilling to do so, until they give REAL possession.
Hello navin
can you provide me your contact no, as i want few flats in mantri webcity from investors share
Hello,
I have bought a flat in Parcel 2, tower F under pre emi. I have not received last 5 installments. Is there a group to which I can get added on what’s app or email please.
Add me pls
Hi Shane,
Did you finally manage to start your interiors on Parcel A. I am thinking of buying a flat in Parcel 2.
Kind regards,
Satishan
Dear Satishan,
If you want to have peace in your life then stay away. Like all other frustrated buyers we are in a limbo as to when OC will come. They had promised a free kitchen and now even that is delayed on some pretext or the other. Cannot take anyones word. CRM and all other staff cannot and will not reply to any kind of request. Legal recourse was the only option and we have gone for it.
Dear All Fellow Owners and prospective buyers,
The first hearing of the legal group has yielded that Mr. Sushil Mantri is not liable as he is not the main 2 nd party but his board and that the case must be dismissed! As per their own website, he is the Chairman and Managing Director. This means that he has the final say, period. Now he is backing out from his company’s responsibility! Amazing legal terminology to debunk any liability and hopefully make us owners run around in circles. With our honorable courts and legal system tightening with RERA also coming along, I’m sure its only a matter of time before we get our day in court and dues accordingly.
New intended buyers can get a first hand feel from various internet feedback on the delays of the payments owed to and endless suffering of current Owners in getting possession with proper OC (2 years delay for us already). The agony is even more exasperating when dealing with CRMs or their higher ups. New buyers be aware of this reality!
So would you want to learn from our misendeavors of trusting a brand and the person behind it or just by glossy brochures, smooth talking sales or the illusion of the highly decorated and awarded company?
dear shane,
please contact media outlets and force pressure on sushil mantri to honour their promises
Sushil Mantri gives them advertisements…What does Shane give :).
Are folks who have purchased in Webcity under the buy-back scheme continuing to face problems in getting the pre-EMI amount or am I alone :). I went to the webcity location a couple of weeks back and had a long discussion with the Sr.CRM who promised me that the payments would be made positively by the end of Apr-16 (this was for the Feb-16 Pre-EMI). Surprise Surprise, end Apr-16 came and went, but, still no signs of the pre-EMI being credited to my account. I have been trying to call the Sr.CRM and the CRM, but, no response or the phone is switched off. The situation is getting desperate for all of us I guess. I read in an earlier post that there are steps being taken to contact the Bank (PNB), RBI ombudusman and the CM and PM Cells, have these yielded any results? Is going through the consumer court an option?
Dear Balaji,
Greetings from Mantri Developers!
Pre-EMIs are disbursed late due to continuous audits. You can connect with Kusum on Kusum.kv@mantri.in for further assistance. For faster response please register your feedback on Connect@mantri.
Hi Balaji,
Were you able to get any response from anyone at Mantri regarding the delay in emi payments? How long has it been for you since the last pre-emi deposit? For me it has been 4 months. I invested in parcel 2, building J. Please email me at ras550@yahoo.com if you have heard from anyone at Mantri. Our CRM guy is Vishwajeet and he is totally not helpful and makes false promises. I have had no luck in reaching his manager Vineetha.
Dear Rahul,
Greetings from Mantri Developers!
Pre-EMIs are disbursed late due to continuous audits. You can connect with Kusum on Kusum.kv@mantri.in for further assistance. For faster response please register your feedback on http://www.mantri-connect.com/.
Hi,
I am facing the same problem, may better way would be to form a group and drag these guys to court.
you can contact me at – ca.chdua@gmail.com or please hare your contact details and i can get in touch.
It’s a big cheating by the builder, mantri developers (P) Ltd. The only remedy ia that all the investor should come together and jointly lodge a complaint with economic offence eing (EOW)
Nirmal
Got a mail saying my flat is ready for possession for interiors…..is this another gimmick to lull us into believing this is actual possession after getting all Government clearances ( fire,bescom, whatever)?? Or is this is actual possession.
This is not official handover as they have not got the bescom, BWSSB etc services yet. They are handing over just one set of keys for interior work. But you will have to pay Rs 1000/- for fitting charges and Rs 3500/- electricity charges (DG) as they do not have the bescom connection. Have started the interior work for my flat as I will be relocating in a month or two.
Hi Friends,
Got my flat registered last week. After many follow-ups got the soft copy of sale deed. But do not see any reference to UDS (undivided share of land) in the sale deed. When enquired about this matter with CRM. They mentioned that they so not provide UDS details in any of the sale deed from Mantri and not even in a letter head. All they can do is to send a email with the details. Is this normal? did any of you got the UDS mentioned in your sale deed?
You did a mistake. Why did you register without seeing O.C. copy.
Hi Srinivas,
I am planning to buy a house in Parcel 1. After reading all the comments i would like to discuss with you before buying it,so If possible can you please mail me your email id or mobile no.
Thanks
Jiten
Mantri has been defaulting on the buy back program. There are 100’s of customers for whom they havent paid back the pre EMI amounts for 3 months now (and the 4 th month debit from accounts is coming up in the next week). For most middle class investors it is very painful to see our money royally being highjacked – and we are watching this all the while whole lot in a helpless fashion.
Over the past week, we have escalated this with the bank that gave us the loan (Punjab National Bank) and have expressed our intent to NOT to pay the monthly installment. RBI ombudusman has been notified of the same. We plan to notify the CM cell, PM cell as well the external affairs ministry (as there are a significant number of NRIs invested in this scheme as well)
As victims of the plan, we seriously warn any new buyers from putting in their hard earned money into this builder until Mantri sets their house in order.
There is a whats app group that has been formed by the victims of this scheme to figure out strategies. We encourage you to join this group if you are a victim of this plan. # to send a note is 9900541653. You will need to send a scanned version of the buy back agreement to this number for validation.
Thanks,
Hi,
How can I join this whatsapp group. I am a parcel 2 investor, building J. I haven’t received any pre-emi deposits since Jan 2016 ( 4 months and counting). I am currently in the US and would like to stay connected with other Mantri webcity investors. Could you please email me at ras550@yahoo.com? Thanks. Rahul
Hi, even i have faced the same situation. As of now 4 EMI payouts are pending from Mantri side. Have escalated this within Mantri, but nothing much is happening. Another issue is with the Handover date, the handover date for my unit in Tower G was promised on Nov 2017, which they have moved to April 2019. Not sure if this is happening for most of the towers. They have also not yet promised that they will pay the Pre-EMI’s during this period.
I am in Canada and did not had a chance to meet in person to any of Mantri Execs to discuss all this, all this while my communication is over phone/email.
Has anyone else been notified about this delay and if they will pay the Pre-EMI’s.
If there is a WatsApp group already then please let me know? Good to stay in touch with people who are facing the same challenge and can fight together.
Thanks, Vikas
vbiha.singh@gmail.com
Hi Murli,
I bought a flat in webcity J block under the buyback and pre-emi scheme. They have been defaulting on the pre-emi since 5 months and even the project is delayed by 2 years. I have sent a request to the whatsapp number you shared with the buyback copy attached. Please suggest if we can somehow get out of this trap.
Thanks and Regards,
Radha
Parcel 3: Piped Gas connection Fee??
I have received a demand note yesterday stating that I will be charged an extra Rs 20,000 for Piped Gas connection. I am surprised with this! Piped Gas connection is in the basic amenities even in the Tier-2 Apartments. Not sure, if I get another demand note tomorrow stating that I will be charged extra for elevators or garbage chute tomorrow!!
Please share, if this is send only to me, or if anyone of you received something similar.
Yes we got it too and we are fine with it as its extra convenience for us who will be end user!
Looking like Yamini you are an agent for Mantri!! Do you know it falls under basic amenities in even standalone apartment now-a-days? If you have extra money to pay, rather you pay to charity not these cheaters!!
Yams is surely a secret agent!!! Ha Ha
Probably Water connection Is also extra amenity for you.
Yeah I do agree…This is unfair to charge 20 K INR for pipe gas connection. Moreover they don’t have any communication on the penalty amount that need to be paid to us for delay in possession for Parcel 1. If they ain’t regular why we have to keep paying them for every demand note we receive. If no go,then let Mantri deduct the amount from the penalty they have to deserve. I strongly recommend everyone stand on this point.
Dear Balaji,
This is Vishal. I am a buyer of Parcel 1 – D Bldg. Iam worried as the possession date has been delayed by more than 1 year. Iam finding it difficult to pay both EMI and rent.
Please can you suggest me a group with same concern to discuss possible actions.
Best Regards,
Vishal
Hi Vishal – There is a telegram group of more than 200 members.Please share your phone #,Flat # and Name will request the Admin to add you in the group.
Regards
Balaji
Dear George,
I am not sure about the charges they should charge or not, but if they are charging they should give us secured connection with Gas meter which should linked with the Government concern (very similar to electricity board). I am not sure about Bengaluru Infrastructure about Gas connection. Do any one knows or used such connection in Bengaluru ( I used in Mumbai, and it is useful ).
If the connection is with Government, with Gas meter and linked to our name. This 20,000/- might be charging from Government and it is worth.
And if it is linked to our old gas cylinders which will be lying in the basement or what ever. It is very risky and not worth paying for this gas line.
We should have every information before paying money. Put this question as I will also do so.
Hi All,
I am new to the group, I have purchased a flat in Webcity under the buy-back scheme and I am deeply concerned with the investment I have made. Mantri is defaulting even on the refund of the EMI that is supposed to be paid back to their client by the 20th of the following month. I never get this refund on time and the reasons provided for the delays ranges to silly to outright ridiculous. Their standard excuse, bank and long holidays, looks like the Mantri staff have more holidays than working days.
Hi Balaji,
Even this is happening with me, The pre EMI is delayed from Nov 2015 till Jan 2016. This is really bothering me now.
We need to gather together and think of alternatives, if incase so.
Dear All,
If any of you are facing so, please join the group and reunite before it goes wrong direction.
.
Hi Vinay @ Vin_Raj,
The CRM you mentioned Vasanth was the one I was dealing with and he was the CRM for my block, he has moved out of Mantri. Got an email to this effect last week.
They are now saying April 2016 for Parcel1. Kindly note: Mantri Espana was delayed for 8years. EIGHT years. Webcity is going that route now. To all fellow owners, I feel sorry and share the same concern and agony. 🙁
Got a mail saying my flat is ready for possession for interiors…..is this another gimmick to lull us into believing this is actual possession after getting all Government clearances ( fire,bescom, whatever)?? Or is this is actual possession.
Mantri is WORST!! They don’t communicate and happly breaks commitments. I booked Mantri Webcity in 2013 and they broke almost half a dozen deadlines already still no hope. BEWARE to put your hard earned money there!!
Owners please join the exclusive google group for owners:
https://groups.google.com/forum/#!forum/mantri-webcity
Dear Avrithi – Please accept my request to join this group. Thanks
Regards
Balaji
Did they get besscom bwsssb connection? Update on OC?pls reply
I paid only booking amount till now.
Please me add to group
Avrithi, please add me to the group(ras550@yahoo.com). I invested in building J in 2014 and facing lot of the same concerns.
To All Buyers. Please note many of you are from other cities or countries as well. Bangalore has a very bad reputation of encroachments on lake beds forest lands etc and you wont know until you get a notice by departments concerned 20 years later. Please check all documents before you invest. Also please note you can send a written complaint to National Housing Bank which is directly under RBI in case you feel some housing companies are taking you for a ride.
Dear Friends..
I am planning to book 3BHK in Parcel 3, With 10,60 & 30 % scheme with Pre Emi for 36 months with Buy back offer.. is it worth ? Appreciate your advise views..
Thanks is advance
Sounds good but is there anything you can do if they dont buy back with decent price?
Going to court and filing a case will take minimum 5 years to solve this.
If it is for end use, i would recommend to look into ready to move type of options.
Thanks for reply rajesh, as I am giving 10 % only first , they will give me double of 10 % after 36 month, If don’t retain (Buy back),
Payment plan is 10 booking, 60 Loan, and balance 30 % need to pay if I retain , if not ( Buy Back ) no 30 % payment only .. Thank you
Hi TP,
They had this offer 2 years ago. Not exactly same, but similar. I had to pay 25% and then they would get the remaining 75% from the bank. Worth noting that this deal was only applicable if you get a bank loan with PNB. Looks like Mantri could only crack the deal with PNB and other banks saw that there was something unconvincing going on here. Back to the topic at hand. I took the offer in March 2014 and in August 2016 I was supposed to get back double of what I had paid them(25% which in my case was 27 lakhs is what I gave them). So 54 lakhs. Until Aug 2016 they were going to pay all EMIs. Sounds perfect right. WRONG.
They wanted me to tell 6 months in advance which is roughly now. I am asking them to buy back my apartment and give me double my money and I can’t get a reply from any of them. A few weeks after I ask I get an email saying they will respond within a week. And then silence again. Nobody tells you anything. After trying a few times I managed to get someone on phone. The person said but the completion is delayed so the buy-back is delayed. I asked them about pre-EMIs and they said there is no decision on that yet. So potentially I could pay the EMIs which are nearly 70 thousand. And if the delay is 2 years which seems to be very likely I would have paid 70 thousand * 24 months from my pocket and at that point even if they give double the money I won’t gain much. So I will be forced to keep the apartment. And yes, they were saying I won’t get double of 27 lakhs, the admin costs are all excluded. So they were saying I would get less than 44 lakhs.
Could someone explain how that is “DOUBLE THE INVESTMENT”.
Like I say its all here say and nobody seems to be sure. If I were you I would wait and watch and see how Mantri deals with the people who are supposed to get double their investments in a few months time. Right now they don’t appear very trust-worthy IMHO.
Wait and watch is my advise.
Thanks Vin Raj, sharing valuable information, just to I had argument with one Mantri staff on same topics, today he bought sale of agreement and sale of construction, along with separate MOU and separate buy back agreement for signature …
And in buy back it’s mentioned as u said loan from PNB, only, not allowing to take from other banks, in my case 10 laks 10% double means 20 laks,
Wat all documents u have about this deal.. is the same or different??
Mainly I told Mantri I want make part of investment in 60% which is supposed be loan, and only vl take 30 % only loan, but I need to get pre emi for 60%, they agreed, but I am scared whether they keep promise or not..
Would like give u a phone call if u don’t mind.. Thanks
Glad you found the information useful. I am sure Mantri will have many more such schemes in the future. Don’t let them push you into committing to something you are not sure about. Wait for a few months. I am sure lot of people who bought with me will start posting here if it was easy to get back double of the investment. Wait until you find out.
Hi Vin_Raj,
I have also invested in this scheme of Mantri (20/80). I have invested in 2014 and they said the money will double by August 2016. I also took the loan from PNB. When I sent an email to the CRM, they are stating that they have noted down the request. And no further action has happened.
The CRMs keep changing and I am not sure if they have any authority in this regard. We have to check if we could go to corporate office and get a written acknowledgement from them as August 2016 is little around 7 months from now.
Maybe if we can make a group of all the people who are in this scheme, it would become helpful.
Sai – please share your mobile number. There’s already a whatsapp group for buy back investors. Will add you to the grup
Hi Sai,
I share the same concerns. They keep changing the CRM people. Just a few weeks ago it was Mridu Kumari who would never answer her phone or reply to emails. Now it is Vishwajeet. Hope he is more responsive. Inbetween after getting frustrated with not getting any answers from Mridu Kumari I spoke to another guy from the CRM team called Vasanth. He was very very good. He had all answers regarding buy-back. What I don’t know is if he still with Mantri. I am in London so I can’t go to the corporate office.
@Satya : very good initiative to start a group only for buy-back customers. Can I be part of the group please? Please can you mail me your number to vinaykraju@gmail.com and I will whatsapp you.
Hi Satya,
Please can you mail me your number to vinaykraju@gmail.com and I will whatsapp you. I want to be added to the whatsapp group.
Cheers
Dear Satya,
Please could you add me to the Buy-Back investors buy back group.
Thanks,
Vishl
Hi,
I invested in mantri webcity in 2014 in the double your money buyback scheme. For the last 4 months, our emi has it been deposited. Vishwajeet is our CRM and he has bot bee of any help. He promises that the mo way will be deposited by end of week or end of month and it has been 4 months. He has said so in writing as well but we haven’t seen any deposits in our account. We are continuing to make the emi deposits on our own every month but this isn’t sustainable. There has to be some way to get some answers.
Satya- I would really like to join the whatsapp group. please email me at ras550@yahoo.com for any information you may need.
Everyone, thanks for sharing your stories. It helps to know that I am not alone in this situation.
have heard that VASANTH has also left Mantri!
Hi TP, why to take risk when people who have already invested in these schemes are suffering and not happy…. Better buy completed projects even if you slightly pay higher like vajram essenza in Thanisandra main road… Also, this road will develop sooner than any other area since Metro will be coming up by Nagawara which is the closest to Thanisandra… This is just my suggestion… Check out the project once. The quality is superb than any A grade developers…
Thanks Sandeep for your reality advise,
As I am looking for investment purpose, I dont think I will stay in flat, I am Working in Abroad , just to invest & get the returns on my investment, however After doing little research, i feel . Mantri is not trust worthy , also i feel they don keep promises, so I may planing to the cancel the deal/offer,
However i told them to include everything in written in MOU, as How I want make it complete transparent, But i dont think they vl include all the conditions in MOU, by this it helps me to cancel the deal.. Thank you,
Dear Friend,
Why Mantri? Don’t you love yourself or your hard earned money? Worst case, its better to put our money in some charitable trust rather than to these cheaters. Mantri Developer is going in Mantri Realty way!! Utlimately blood connection speaks!! They will charge higher than Market and will not deliver even 10% of their committments!! Very bad learning for us (Parcel 1). Please be safe from these chea**rs net!!
Hi All,
I went and saw the status of construction for Phase 1 some 15 days back and its not any where near completion. I was being told that handover dates have been shifted to Feb 2016 for phase 1. Are we going to get any compensation for this delay or legal action is the only way forward? Also Is there any group which is taking/thinking of taking legal action against mantri for delaying this by a year?
@Saurabh
They are FORCING buyers to register as soon as possible saying that govt. can raise the guidance value, stamp duty and taxes anytime. And as soon as you register, they are done with you: Don’t expect any response to your qualms. They automatically get ENTITLED to take any longer to finish the project. Going by the progress so far, be assured that possession is going to stretch way beyond Feb 2016.
Hi,
I am planning to sell my flat from the parcel 1. Below are the details of the flat. If anyone interested in buying please call 9986676560.
1. The flat is 2bhk 995 sqft, 9th floor.
2. Premium flat (east facing )
3. Includes modular kitchen
4. Ready for registration and pocession in December or early next year (mostly in Jan ).
What is the price you are coating.
Come September!!! I am sure Mantri is not going to hand over my Flat in Parcel 1 this month, hopefully December so they can say they handed over in the year 2015!!! Keep your fingers crossed P1 owners…..and all the best to P2 and P3 people. Only Sushil can save you……
I have got my flat registered…finally, now waiting for clearances…Occupancy, Electricity etc….maybe one more year???
Why you need to wait for clearances. Mantri is responsible for cleanses and only after receiving the clearance should you have registered.
Update on clearances , electricity and OC??
Goutam D1101
Hi – I have bought in Parcel 1. With very organized push from the buyers (multiple meeting with Mrs.Mantri etc) – now, it “appears” that Parcel 1 will be handed over by end of September (note – handover does not mean livable condition, I would think we will be able to live in Jan/Feb 2016). The owners are meeting the site manager, CRM, Mrs.Mantri etc on a regular basis. In my opinion,
To be honest, I am not really very happy with the way the project was sold and executed (it appeared that the “sales” and “execution” were two different companies). However, having made the commitment (read – signed the dotted line, without reading the print (note – not fine print) clearly, and going mainly with the brand name), I am very sure that I have burnt the fingers. Although i can be happy that the price “appreciated” by over 30% on paper, I am well aware that this is bull shit! Also, looking at the grand plan for Webcity, I am pretty sure that the entire community will be ready only by 2022 (at the earliest!).
My view
– those who booked in parcel one : You will get the apartment (that’s it. no amenities, will have to live through underconstruction community for at least 7 more years).
– those who booked in parcel three: Keep fighting (not sure of the outcome)
– those who booked in parcel two: Good luck (at least 4 year delay – imho)
And as far as brand Mantri is concerned: I am now equating the brand to that of DS Max/Dreamz GK (which are almost at the bottom in my view).
Re CRM/Mantri approach to customers : CRM is not empowered. They just pay lip service. The organization simply does not care! Remember, they have gotten the entire cost of apartment from you/me (using 80/20 rule). Now that they stopped pre emi as well (for parcel 1 – they have already stopped,but not handed over; parcel 2 and 3 – same issue will follow), they have got interest free money. They are using that to initiate new projects elsewhere.
Raj;
For Parcel1 can you please tell me what was the commuted pay back schedule from Mantri? I am assuming it was 3 years. Were you signed up for that and did they keep up the promise for 3 years at least.
Also, do you know if customers who surrendered theiir units got 2X of the money as was originally promised?
Thanks in advance,
Murali
For parcel 1 … the pre emi payment was only up to Jan 2015 (expectation was they will give for possession at that time). So, from Jan 2015 – we are not getting pre emi. Also, “double your returns 🙂 offer was not provided for parcel 1…
@Raj what is the new possession date for Parcel 1 now? Also does this PreEMI scheme the one 20-80 scheme with PNB where buyer pays 20% upfront and rest 80% is paid upfront by PNB?
Yes… this is 80/20 scheme – offered by PNB, ICICI and Axis (I heard other banks also offered).
Hello All – I have read all your reviews.It gives me immense frustration and unfortunately I own a flat in Tower B.Lastly,when I checked with Mantri regarding the possession date they said it will be handover by Jan 2016.However based on current progress,I really doubt will it happen or not.Any comments ? Moreover the managers keep changing Abhishek,Deepak Raj and now Vineetha (useless b**ch never pick my calls).Since I am residing in overseas I find sometime in the month of Dec 2015 to do registration for my flat.Is it good idea to do now or it can be postponed ? Your reviews are welcome ! Many Thanks
Once you do the registration and pay the full amount, you will have no hold to get things completed. Not advised especially with third rate builder like Mantri
I have got registration done. But I doubt Electricity, water , lifts etc will be ready by June 2016. More importantly, the OC, need to see when we can get that. Having said that, Mantri will ultimately hand over the flats to all, they seem to be pushing it back as they have to complete the other phases 2 and 3 and then the Commercial area. This is going to take time. So if they hand over our “AURA” flats earlier, it will be a great hassle living in cos of the constructions going on.
They know what and why they are doing this and we are stuck right in the middle.There is no road from AURA side, we have to pass through Phase 2 n 3 to get to the road. So I guess we have to watch and wait.
hi Mr Ksr i am planning a buy a resale property in mantri web city parcel one , your saying you have got your property registered is it possible to register with OC if so please advice my email id is rajkamalvk@gmail.com
Hi-
Parcel 2 owners are meeting folks from Mantri (EA to Snehal Mantri, CRM and Engineering teams) today @4pm @the webcity office (Hennur).
Agenda of the meetings is to discuss the 2 month default of pre-emi payouts(April & May 2015), blatant delay of starting phase 2 among various/multiple other issues we are facing with Mantri.
we have an active community on Telegram and phase 2 owners are requested to join. Install the app on your phone and ping me on 9880108502 or write to me on rithvikvj@yahoo.com