TwinUser, Chennai
Q: I have booked an apartment in Mantri Navaratna and they had planned to deliver the apartment my Mar/Apr 2013. As of now, I don't think they will be able to make it. Thay have been asking us to make 100% payment even before they finish construction. But the document says to pay 100% only when handover of apartment. I'm trying to get hold of other owners so we can form a group here. Anybody else having the same issue?

My replies to this discussion
Thank you all for your reply. Hello Mr. Sundar, I also bought a flat in A block. My friend who is another buyer recently went to look at the apartment. He says only A block seems to be completed and that too only 70%. There still seems to be more interior work to be done in A block. Initially, Mantri said they are going to complete all 9 blocks in parallel and handover all the apartments at the same time. The reason they stated is that they do not want to release one block at a time and have residents occupying while other blocks are under construction. I'm not sure if they are still going to hand it over this way. If yes, then there is going to be a lot of delay because none of the other blocks are completed. Not even half finished. Does anyone know if they will pay us interest for all the months they delay?Thank you all for your reply. Hello Mr. Sundar, I also bought a flat in A block. My friend who is another buyer recently went to look at the apartment. He says only A block seems to be completed and that too only 70%. There still seems to be more interior work to be done in A block. Initially, Mantri said they are going to complete all 9 blocks in parallel and handover all the apartments at the same time. The reason they stated is that they do not want to release one block at a time and have residents occupying while other blocks are under construction. I'm not sure if they are still going to hand it over this way. If yes, then there is going to be a lot of delay because none of the other blocks are completed. Not even half finished. Does anyone know if they will pay us interest for all the months they delay?
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