Avoid Mahaveer grouo

Review on Mahaveer Ranches, Hosa Road, Bangalore

I booked a 2.5 bhk in Mahaveer Ranches in 2017, with a promised delivery in September 2019. Till September the builder was saying that everything is going as planned, and now they say that ut is delayed by another 2 years. They have not even delivered all flats in Phase 1 of the project yet. The projects looks very attractive to anyone who sees it, but the nuances are too many, and ut is best to be avoided. These guys don't even have funds for completing this project. I have cancelled the booking because of failure of the builder to deliver, but they are taking half of the booking amount as cancellation fee. For no fault of mine, I am made to pay a cancellation fee, when actually the builder should have paid a cancellation fee to me because they defaulted on completion. And now, in July 2020, after 8 months of cancelling, I am yet to get a settlement on the bank loan and booking amount. I hope you guys are getting a clear picture of the financial mess these guys are in.

Regarding the project, as such, I eon't have anything negative. But if you are getting your flat after 4 years of the promised date, what use will it serve, and who will compensate for the financial and mental torture.

Regards,

Anoop

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