An ESCROW ACCOUNT is under the purview of a third party essentially a bank or a recognized lender. This provision thereby results in future oversight of the bank account and signing authority is with the ESROW ACCOUNT manager say a trustee or a bank or a lender. One of the challenge issues for consumers has been projecting delays. Amongst other reasons for the delay, the use of collections from one project for business expansion or construction of other projects or siphoning of funds by real estate developers have also been primary causes. Thereby to protect consumers of a project the Act mandates that of all collections. Thereby to protect consumers of a project the Act mandates that of all collections 70% of funds be deposited in an ESCROW ACCOUNT maintained with a scheduled commercial bank. These funds can be accessed by a real estate developer solely for the purpose of incurring expenditures towards the said project. The real estate developer can withdraw funds from this account in proportion to the stage of work. The request to withdraw funds from this account is in proportion to the stage of work. The request for withdrawal of funds from is to be certified by an engineer, architect, and chartered accountant in practice that the real estate developer’s claims are justified. These costs include the costs of land, construction, finance, and other project costs.