Quote:
Originally Posted by faisal
THINGS ARE COMING UP VERY FAST IN SPORTS CITY BUT WE MUST LOOK FOR A REPUTED DEVELOPER ALWAYS, AS IT PAYS YOU BACK, FURTHER I HAVE HEARD ABOUT ESCROW THAT MOST OF THE DEVELOPERS HAVE OBTAINED THE ACCOUNT BUT IT IS NOT FUNCTIONAL, DOES ANY BODY HAVE A IDEA THAT HOW IT WORKS? LIKE IF I BOOKED AN APARTMENT BY PAYING 10%, AND THAN THE 1 ST INSTALMENT OF 10% INTO DEVELOPER ACCOUNT AND GOT THE RECEIPT, HOW DOES THE ECROW RECONCILS WITH DEVELOPER?
REGARDS.
FAISAL  |
Try to go and visit sports city and you will see how new and un reputed developers like FALAK , RUFI , BANGASH , PROFILE etc are working,.,,,,
If you maek payment to developers's account then it wont go to ESCROW , you should insist for ESCROW account right from teh beginning or else dont make the payment, Just make 5 or 10 k AED initial amount for blocking the unit and write down on teh reservation form that remaining amount will be paid once the ESCROW is done.