Project registration, escrow, payment plans and handover: a concise due-diligence list.
Checking the project and escrow
DLD states that amounts collected from off-plan buyers are deposited in the project's escrow account. Verify project registration, escrow details, the developer and that the payment beneficiary exactly matches the official documents.
The eight questions
Who is the developer? What is the DLD/RERA status? Which escrow account applies? Which exact unit and plan are you reserving? What is the complete payment schedule? Which milestones trigger payments? What happens if delivery is delayed? What fees and service charges are due at handover?
