Quote:
Originally Posted by sgaur
Rera approved letter mentioned that developer has to open an escrow account with in 3 weeks from the date of approvel of project mentioned in that letter.
Developer has provided the bank details to transfer installments as below:
Escrow a/c "Project name" "developer name"
For example Escrow a/c Platinum tower abc co.
If I am transferring amount to this account, Is this not sufficient that I am transferring this amount in to Escrow account?
I thought this sufficient that Developer has Rera approved letter for particular project and Escrow a/c details as above.
Some body has some other thoughts about above case.
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Dear Sgaur,
It sounds correct, cross check it on RERA's web-site to check the project number or better call the escrow account bank and check with them the account details relating to that particular project.
Each trust account bank now has a section head (I believe) that can answer particular questions about specific projects mainly relating to payments in and out of the account.
Hope this helps!
An Insider