Real estate investments are extremely profitable. However, there is a high risk associated with this form of investment. The risk factor becomes a threat not only to the customers, but also to the marketers. Thus, multiple foreign countries have introduced the procedure of escrow. Though this process is not mandatory for Indian market, but several renowned real estate company in Gurgaon are opting for it. If you are still fighting to blow away the clouds from this concept, then you are at the right place. We help you in understanding the basics properly.
What is it?
The escrow is a temporary account moderated by a third-party. This account is created to ensure proper transaction between two parties. The account stays active till completion of all conditions between the buyer and the seller and disbursement of the payment.
Role in real estate
While purchasing a 4 Bhk Air Conditioned Apartments in Gurgaon, the escrow account helps in low-risk investment. The buyers can keep the total payable amount with the third party and it will not be disbursed to the seller till the terms of the project are completed. For the builders keeping such account helps in a consistent flow of money during the construction on the project.
What is it?
The escrow is a temporary account moderated by a third-party. This account is created to ensure proper transaction between two parties. The account stays active till completion of all conditions between the buyer and the seller and disbursement of the payment.
Role in real estate
While purchasing a 4 Bhk Air Conditioned Apartments in Gurgaon, the escrow account helps in low-risk investment. The buyers can keep the total payable amount with the third party and it will not be disbursed to the seller till the terms of the project are completed. For the builders keeping such account helps in a consistent flow of money during the construction on the project.
