Mantri Developers Complaints & Reviews

I had booked the mantri webcity apartment in june 2014 and it was supposed to be completed by july 2017. However, till date the timeline has increased to over 3 years delay. I have paid more than 3/4th of the total cost and now they are demanding more payment for slab completion and the expected completion year is 2020. I request for a refund of my money paid so far along with a minimum interest based on the normal bank rate as the expected...

Irresponsible bruts of the first order, no professional behaviour they are holding my amount for nearly 16 months and even to this date don't know when it would be returned. They care nothing for customer issues/complaints. Am writing directly to snehal mantri, and seems she doesn't care even.
Hope this company goes down and all responsible go behind bars. Nightmare to invest and buy from them, never will do so or advice even the worst...

I booked a 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...

I booked a property in mantri celestia in hyderabad in 2010. Mantri was to pay the pre emis till possession. Possession was committed for 2012-13. Mantri stopped reimbursing my pre emi 14 months ago and my loan was 99% disbursed in 2010 it self. I finally got an email intimation on 11th july 2017 that my house is ready for possession. There were a couple of promises made by the developer as compensation for delays, and as i stay in pune,...

We invested in mantri web city, based on an email invitation, and explanations provided to us by both mantri developers and the pnbhfl representatives.

Under the scheme, we invested our margin money [excess of 20%], while the rest was funded by pnbhfl.

According to the scheme the buy back and assured returns with 100% appreciation on 20% of margin money should have happened by now.

The buy back...

I had invested in the mantri serenity bangalore on 20 :80 scheme and booked 2 bkh apartment o303 in april 2013.
The developer had offered to pay the pre emi until the project completion. And the project was expected to complete in 2015. Until now the project is not completed and the pre emi payments are stopped from the developer whereas the bank is deduction the loan emi amount from my account. Several complains i have raised by email...

I have invested my money in mantri webcity under 80/20 scheme and recreate the date when i did it. Installments are not paid since 10 months and bank is behind me to pay the emi which i dont have. Complete 60lakh with them now and no sign of geeting back my money yet. Not sure what to do.

Please join this group if you are a victim.

https://chat.whatsapp.com/9TFhTyoDAPOHzmYXhNlguT...

I am prof madhwaraj. Today i paid rs 1100 for renting my apartment at mantri tranquil bangalore by credit card.. After receiving the amount your staff mentions to pay another rs 1925 for gold pplan. Actually i opted for bronze. When i opted for renting the apt, there must be an indication whether the plan i had choosen is for renting or for sale. Without mentioning and after receiving the amount a demand to pay further amount is made. This...

Hi,

There is delay in pre emi payment of 5 months now.

Which i paid extra to bank.
But every time mantri sending me email with false promises that we will pay and always not paid on time.
Now as i have paid more than 2lacs extra in total. I can not bear more burdun of pre emi's.

If they do not clear all the pre emi's. Unfortunately i will have to stop paying it. Thanks...

1. Mantri promised to reimburse the pre-emi every month for 3 years when we invested in may 2014. It's july 2017, and mantri has not reimbursed pre-emi, as per our agreement, for almost 9 months now.

2. Mantri promised to return our principal and double return on that investment by march 2017. It's july'17 and we are still waiting. No principal, no returns! Only heartache!...

Hi,

I and few of my friends are being financially harassed by Mantri Developers.
In 2014 we came across 20:80 scheme where Mantri was guarantying to pay Pre-EMI for three years and return double the amount at the end of three years.
The Pre-EMI is delayed by 6 months from Mantri and we need to bank from our pocket.
Moreover the possesesion is delayed by 8 years from the date of booking, still no guarantee...

The mantri alpyne project located at uttarhalli bangalore was supposed to delivered by june 2014, but due to multiple factors it got delayed and finally possession was declared by jan 2016, however the delayed compensation and interest on early registration is not yet given to the mantri customers who have bought apartments in this project

People are following up on continuous basis but no fruitful action taken by mantri developers...

Mantri developers has put hoardings in Bangalore and full page newspaper ads about a “NO EMI offer” in three of their projects (refer attachment). This might be too tempting to invest.

First. this is not the first time Mantri Developers is offering this scheme. This scheme was first offered in[protected] time frame. And despite cheating customers through this scheme earlier, they’re still continuing to offer this scheme...

I have given an advance of rs. 1, 00, 000 to book a flat in mantri serenity. The marketing representatives of mantri developer have done a lot of false promises to me. They have initially told me that the total number of flats will be 2100 in the premises of mantri serenity, now they have increased the number of flats to 2700. They have not told me that if i am going to sell the flat before registration i have to pay 4% charges to them. There...

Mantri has sold flats in webcity project (bangalore) under buy back scheme. I bought a flat in 2014 with an agreement that if I don't want to keep the flat I can give it back to Mantri in March 2017 and get double the amount of my investment. The loan with PNB was also sanctioned and all the amount was disbursed for Mantri in one go. Now they are refusing to pay the money and their staff is playing a delay game....

I had invested in mantri webcity buyback scheme 3 years ago. At the time of investing we had asked a lot of questions on their commitment to deliver the money back after the period of 3 years. At that point in time, everyone we met convinced with the brand name of mantri. We got into agreement based on our interaction. But it has been a nightmare from the time we started getting emi's. We didn't get emi's paid back on time and we had to repeatedly...

Mantri developers had advertised to sell apartments in 2013 in their webcity project. They had offered to satisfy pre-emi till date of possession with an option to pay back our own contribution to them in the event of my of my not going ahead with the purchase. Accordingly, i had gone through their banking partners punjab national bank from where my loan was sanctioned, mantri has since withdrawn the entire loan amount. Since the arrangement...

Dear sir, your indusent employees there cheating to me there commitment is 200000 lacks limit put their give only 75000R/s when I was received card .so please return back take your card with out any charges .till now I am not used your card because of your team correct not working starting it self cheating.can't use your card.kindly return taken to me. This FYI&A.
Regards by manikandan.L...

Mantri Developers had launched "Double your investment and preEMI till possession" scheme in 2013 and continued the scheme for many forthcoming years. Many customers like us went for the scheme as it was Mantri Developers and PnB association.

* We had our buyback ended in Aug, 2016 and there has been no promised return from Mantri.
* Also there is 4 months of preEMI lag right now, which is huge for us.
* There...

Hundreds o[censored]s, honest, hard working people entered into an agreement to buy an apartment in mantri webcity at hennur road, bangalore. There was an ad campaign which mantri ran in early 2013, where mantri said - no pre-emi till possession ; only 20% down payment, and under buy back scheme 100% assured returns on a specified date if the investor does not want to keep the unit - mantri will double the amount the investor paid at the beginning...