Mantri Developers — Mantri developers mantri webcity - white elephant??

Address:	Bangalore, Karnataka, 560019
Website:	www.mantriwebcity.contact-us-now.com

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i had gone through their banking partners punjab national bank from where my loan was sanctioned, mantri has since withdrawn the entire loan amount.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 was that the pre-emi was to be met by them, all went well till the time, i informed then that i'm opting to withdraw from the project and they are to settle my loan and also refund my contribution as per their contract. Then their true colours came out. One, they arbitrarily told that they are extending the time period of the settlement, though they clearly agreed in contact that i would not be impacted by any delays if i need my account to be settled. Two, they have not been paying my pre-emi for may months. With this, myself as a trusting customer, have been betrayed. My money is stuck and i have huge liability of the loan. Being salaried employee, i have been suddenly being pushed into a financial gloom. This is least expected from a big (And reputed?) entity like mantri.