| Address: | 560098 | | Website: | www.mantri.in/webcity |
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 follow up. There are cases where our cheques bounced.
Now, it is turning out even worse. The buyback period is over and as per commitment, we are expected to get double the money we invested. Now when we ask for it, the crm guys are giving all kinds of reasons starting from demonetisation to flats not selling in current market. When we had enquired earlier in december, we were told that our money will be given back and the loans will be closed.
Now, they are asking one more year's time to deliver on their commitment. We had plan of taking that money and investing somewhere else. We have indeed committed on that and if we back off we are losing huge money.
I tried to explain all this, but these reasons are falling to deaf years and they keep repeating their problems. I am a private sector employee and plan my investments properly. I don't want to suffer because of some others mistake or commitments. If this was told to me 6-7 months before, probably we might have held back. Now it is almost impossible and we need our money.
Not sure if higher management of mantri is aware of these problems. But i would request if they are seeing this thread to please take action. Was this information helpful? | 
Post your Comment