Banda homes Ltd, a renown real estate company in Kenya, recently introduced Ca Theprogram called Client Regulated Development (CRD) model which seeks to involve the clients more in terms of development regulation.
In this model, the clients do not pay money directly to Banda homes but escrow accounts through which they can be able to control the funds they remit to developers as construction progresses.Unlike the normal off-plan as is known, the new Banda Homes CRD mode ensures that the developer only has access to profits after the development has been handed over to clients.
For more information listen to this video.
