Samar
I have also invested in project of ACW holding. But I transfer the amount to their Escrow account and I checked on RERA website before transferring this amount.
1. Whether this project is registered with RERA. Although, registration is mentioned on their website but I double checked on RERA website about registration of this project.
2. RERA website has also mentioned about the bank details and escrow account of this project. So, I matched the bank details sent by Skycom with bank details on RERA website.
I am in process of signing the contract for this project with ACW holding. Once contract will be signed, I will push ACW to send me the reciept of money received. You should also transfer the money to escrow account instead of transferring through exchange.
About receipt by third party, it depends on the contract signed between 2 parties. if contract says that receipt can be issued by third party on behalf of ACW holding then I believe that that will be enough to safegaurd your interests.
Last edited by sgaur; 05-07-2008 at 01:24 PM.
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