Subvention scheme borrowers

Review on Mantri Energia, Thanisandra, Bangalore

I have taken this apartment under the subvention scheme provided by Mantri developers. Recently starting Nov'19 they have started defaulting on loans stating the unavailability of funds, though they are under legal agreement to pay off load EMI till possession.

I trust many of you must also be facing this issue, as a result of which either you are forced to pay pre-EMI or take a dig at your Credit score. I believe we should together initiate a legal action against them else God only know till what time it may go on. I recently read that their owners(Snehal Mantri) have already defaulted on some of the earlier projects due to which some legal proceeding is already going against them and under which Snehal is also barred by court to fly off from India fearing she may get settled abroad.

If you feel taht we all should come together and file a complaint against Mantri developers for defaulting on loans / defaulting on delivery date -pls mail me on txxxxxxxxx.xx@gmail.com. We need to make a separate discussion forum to discuss this and take this forward.

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