[Resolved]  Mantri Developers — Don't Buy ANY Properties from Mantri - They are in huge Financial Loss

Address:Bangalore, Karnataka

Hi All, I bought property is Mantri Alpyne, G block, Uttarahalli Main Road on 27th of Feb 2013. Unfortunately I opted for Pre-EMI scheme offered by Mantri and HDFC. However, from past 8 months Mantri is NOT paying any interest component on time and in my case I am yet to receive last two month's PEMI. They don't add the same in the agreement and they don't have any official tie-up with HDFC to do this. Even if you contact the Vice-President (Mr Vinay Nagpal - [protected]@mantri.in) for this mess it is of no use and do not expect even a single word from him over the mail or phone! All the awards to Mr and Mrs Mantri seems to be paid up award and if someone is giving that to them it is purely because of the Blood Money that they have sucked from middle class people like to fulfill their lust! They do have some so called CRM managers who act like an exact puppet that we used to find in olden days circus. And believe me or not these guys are the one who take the blame and they will be used to save the face of the owners so that they get awards!!! Shame on them! I have written 39 mails so far from past 7 months to all CRM managers with Mr Vice-President in the CC and also must have called the CRM managers more than 200 times so far! No use!!! Don't fall into the financial trap that Mantri's has laid for you and better look out for someone who are good with their finance. I have planned to take this struggle to next level and will be publishing more articles in other forums within tomorrow (target is 25) so that people are aware of the looting methodology of Mantri builders.
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Mantri started paying the PEMI from past two months. I will be doing wait and watch. I hope they will improvise on their credibility and not go back to customers fooling days. Thanks
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Why don't you please share this information on Social Networking sites like facebook, so that people planning to invest on Pre-EMI scheme on Mantri webcity will come to know about this.
Hi Suman, I don't believe in Facebook and hence i have not put any comments over there. However, I am planning for the same and should come out with one before this month. FYI, I have LinkedIn account and already informed and helped at least 5 people on their Mantri Webcity project. If Mantri says that PEMI is legal then they should put it in the agreement and that should be considered by another set of fraud banks (who encourage illegal activity) like HDFC. i will never give up at any cost!
Please go ahead and publish in facebook. Also send an email to CREDAI to remove them from the group. Also
contact CCI and RBI against Mantri
Hi Kamal, Please send me your query. To be honest with you from past two months they are paying the PEMI in time! I need to be transparent and since they are on track now I don't think it will be fair on my side to unnecessarily complain. They have rectified their error.
If you have any specific concern do let me know, I can help you to my level best.
One of the worst builders. Alpyne is delayed by more than 1 year. Even after such a huge delay the management seems to behave as if all is well. People are the worst sufferers as they had made plans to move in December 2014 and also had arranged to admit their kids to nearby schools. Now they are not even telling the possession date for Phase-1. So much for their experience & professionalism. The management does not communicate with the customers and only busy in collecting the awards.Everything left to incompetent CRM team. No body responds to mails send to Wecare & Feedback IDs. Very pathetic and horrible experience. Please do not put your hard earned money in their projects. Terrible company and that's why will remain as their name suggests and will never be able to become king in the real estate industry.

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