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Old 05-05-2008, 01:56 AM
Roshan Roshan is offline
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Join Date: Jan 2008
Location: Dubai
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Quote:
Originally Posted by Roshan View Post
Since the project was started long time back. I do not think it's covered by Escrow ??.

Roshan
Just to quote on my own post.

After a meeting with RERA, I understand a mandatory trust ( Escrow )account has to be opened.

As per Escrow pls note that payments should be made to the trust account and not directly to the developer.

RERA is dead serious on this and it's only a matter of time before the full thing is streamlined.

Regards

Roshan
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