UP RERA IFMS Fund Management and Transfer Framework
Sector: Commercial • Location: Uttar Pradesh, India
Source: Hindustan Times
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has introduced a new framework mandating developers to collect Interest Free Maintenance Security (IFMS) funds from homebuyers, deposit them in a separate designated bank account, invest in fixed deposits with the highest interest rate, and transfer the entire corpus along with accrued interest to the Residents' Welfare Association (RWA)
- Status
- Implemented
- Sector
- Commercial, Residential
- Location
- Uttar Pradesh, India
- Updated
- 22 Jul 2026
- Source
- Hindustan Times
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Project Information
Participants
| Not available for this record. |
Status
Original status | implemented |
Taiyo last update | 2026-07-22 |
Contact
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Description
Description | The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has introduced a new framework mandating developers to collect Interest Free Maintenance Security (IFMS) funds from homebuyers, deposit them in a separate designated bank account, invest in fixed deposits with the highest interest rate, and transfer the entire corpus along with accrued interest to the Residents' Welfare Association (RWA) or Association of Allottees at project handover. The IFMS funds are to be used exclusively for maintenance of common areas and services, with proper audited accounts maintained by the RWA. |
Original sector | Real Estate |
Location
Country | India |
State | Uttar Pradesh |
Source
Source | Hindustan Times |
URL |
More Details
Record type | Project |
Sector | Commercial, Residential |
Article published date | 2026-07-18 |
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