Beware of canopy

Review On Canopy Estates, Bangalore

Beware customers. This is one of the topmost crooked builders of Bangalore. There are reviews about canopy calyx and how they looted customers there. Around the same time, there was this project of them called canopy monarch. There was a big mess there which probably affected calyx too.

How they cheated: they in partnership with a bank came up with 10:90 scheme. Give 10% and no preemi till possession.

After selling to about 40 customers with this scheme, I.e customers paying 10% and bank without following protocol paid 85% of the money to builders with construction just started. After 5 months, builder stopped paying preemi and stopped construction. Bank started harassing customers.

It was a big big mess. After a few years, builder just went Scott free. Landlord I.e monarch group took over the project. All the pending preemi was shared between bank, customer and monarch.

Builder went away with all the money earned a fraction of which was spent in construction without following the agreement.

But that is the monetary part. The mental trauma that customers faced is much much more. Your dreams get shattered. You can't get another loan as this loan has gone bad.

Many meetings at bank and of course canopys office at kalyan nagar.

So search for all these and exercise caution before goi ng for canopy.

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