Legal HubEscrow Protection
Escrow Protection
Complete 2025 Guide
How escrow protects NRI property transactions
Last Updated: 2025-01
What is Escrow?
Escrow is a financial arrangement where a third party holds funds until predefined conditions are met. Protects both buyer and service provider.
How EstateKart Escrow Works
Funds are held securely and released only upon milestone completion and your approval. Vendor cannot access funds until work is verified.
Milestone-Based Payments
Typically: 10% booking, 20% foundation, 30% structure, 25% finishing, 15% handover. Customizable based on project type.
Dispute Resolution
Independent quality audits before milestone release. Disputes resolved through arbitration with evidence from progress documentation.
Important Warnings
- Never pay directly to vendor accounts
- Verify milestone completion before approving release
- Document all communications
- Report quality issues immediately