Avoid Investing in Mana Properties – A Disappointing Experience
I strongly advise against investing in a Mana property. While they may lure you in with promises, the reality is far from what is advertised. Here’s a detailed account of my experience as a Mana property owner:
Unjustified Maintenance Fees: Despite charging an exorbitant ₹4.5 per square foot for maintenance, there is little to no upkeep. You’re essentially paying for nothing.
Unfulfilled Promises of Association Handover: Though the handover to a residents’ association was promised within 2-3 years, it remains unresolved even after 7 years. This has left residents without proper management and governance.
Lack of Transparency: There is absolutely no clarity regarding how the maintenance charges are being spent, leaving us in the dark about where our money is going.
Neglected Common Areas: Common spaces like lifts, stairways, pathways, and landscapes are poorly maintained, with greenery almost nonexistent, reflecting a total lack of care.