Mantri Developers — Mantri DSK Pinnacle, Bangalore - Delay & quality

Address: Bangalore, Karnataka

Project launched in 2010, possession scheduled for March 2014. 95% payment taken on completion of last floor slab in May 2013 & project deliberately stalled thereafter. Completion being repeatedly postponed and finishing specifications being downgraded. I booked during pre-launch in Aug 2010 and have paid 95% upto May 2013 an am incurring a huge ongoing loss on investment due to the unending delays. Developer has taken the money and now appears to have no interest in properly completing the project. The top management is not accessible and the lower staff does not have any credible information. Agreements are totally one sided and unfair. As per T&C, compensation for delay is approx. Rs 6, 500 pm, whereas the interest loss on amount paid is almost Rs 100, 000 pm. Delays are totally attributable to the developers so why should we get penalized for no fault of ours. WE should get a fair & reasonable compensation for the delays & downgrading of specifications, etc.
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Everytime there is no reliable information about the completion date of Mantri Pinnacle. During the site visits, the junior people give always the standard & tutored reply that it will get ready by January 2017. How long to wait & I have serious doubts if all the amenities promised in the brochure will be installed. Already, out of the 2 swimming pools promised, only one pool is going to be there. I really hope that they don't downgrade the stature of the building after all the hype about it being the tallest tower in South India.
The project is already downgraded in terms of finishes/specifications, general quality, amenities, ambiance, etc. Completion/possession is anybody's guess. No commitment, no compensation and total disregard to customer's concerns and problems. Top management is not available for any meeting. Lower staff keeps repeating the same tutored statements to buy time. There seem to be some legal issues as well responsible for this uncertain status.

Join whatsApp group of Pinnacle Owners for updates & sharing of grievances. SMS [protected].
It is disappointing and disheartening to realize how helpless a consumers are in India.
In spite of having paid up Mantri developers in full, my 4 bedroom apartment on the 38th floor which was to be handed over in March' 14 is not ready.
The most frustrating part however is that none of the owners/residents is bothered to collectively take this compliant forward to the proper authorities.
Unless all the owners collectively join on a common platform, our grievances will never be addressed.
Jacob Sakaria
[protected]@walltracts.com
The occupancy certificate has still not come . Every time they say they are going to get it soon but so far no news. How can we register without the occupancy certificate ?
The occupancy certificate still hasn't come and they are asking you to register the property saying that a few families have already moved in. The flat is not ready with a lot of blemishes. The marketing service is atrocious. They are offering a ridiculous amount of about Rs 6600 for a delay of over 4 years ! This is atrocious, one sided, iniquitous The person in charge of marketing does not take the phone calls if you ask her difficult questions. We all should agitate against this.

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    Mantri Developers Phone
    +91 80 4130 0000 (Support)
    +91 44 6670 5500 (Chennai)
    +91 80 4132 5000 (Head Office)
    Mantri Developers Address
    Mantri House, #41, Vittal Mallya Road, Bangalore, Karnataka, India - 560001
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