Hi All,
When I bought Mantri Celestia in 2009, I had thought Mantri would be different and went by its reputation and word of mouth from my friends in Bangalore who were Mantri fans because of timely delivery and quality. But apparently they turned out be a bigger fraud than other builders. 7 years went on and we are still waiting for the apartment in Mantri Celestia hyderabad. We have been paying through the nose for the EMIs and the rents, and Mantri people just move their tongue, and will shift the date forward. They are paying more to their PR teams than the actual working contractors to keep this under the rug.
It is really pathetic, that in this country there is no liability. People throughout their life dream of a home, and in turn get cheat builders like Mantri. Do they not have any self respect.
They have quickly got 95% of the payment back in 2012 and invested that money somewhere else. Buyers are like a herd of goats now just wishing that they don't get slaughtered, since that is what is looking like if Mantri builders go bankrupt, as they have several fraud cases filed against them.
The buyers have been putting hours and hours each week to monitor the progress, pushing the managers there, figuring out the deadlines themselves. This is despite the fact that Mantri is supposed to be doing that instead of the buyers!
In June 2015, few of my friends from one of the largest software firm in Hyderabad, decided to buy Mantri Euphoria villas where they were told to make 75% payment and handover in November 2015. Luckily after my intervention, they pulled out, and decided against it. Now they handover dates for these villas are in 2017. It is amazing how a few hundreds/thousands of these builders can cheat 10s of millions of people. Maybe there is a school somewhere where this art is taught with being a heartless ruth!
Thanks & regards,
AA
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