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UP RERA releases guideline for utilisation of IFMS fund

UP RERA has introduced new regulations for collecting maintenance security funds. Developers must now deposit these funds in designated bank accounts. Collected amounts will be invested in high-interest fixed deposits for safety. Promoters must transfer the entire corpus to the Residents' Welfare Association. These funds are exclusively for common area maintenance and repairs.

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hindustantimes.com

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economictimes.indiatimes.comStai leggendo1 mese fa

UP RERA releases guideline for utilisation of IFMS fund

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hindustantimes.com1 mese fa

UP RERA mandates transfer of IFMS corpus to RWAs at project handover; new rules explained

UP RERA introduces new rules mandating developers to securely manage and transfer Interest Free Maintenance Security (IFMS) funds to RWAs at project handover

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mercoledì 15 luglio 2026·economictimes.indiatimes.com
UP RERA releases guideline for utilisation of IFMS fund
UP RERA has introduced new regulations for collecting maintenance security funds. Developers must now deposit these funds in designated bank accounts. Collected amounts will be…
mercoledì 15 luglio 2026·hindustantimes.com
UP RERA mandates transfer of IFMS corpus to RWAs at project handover; new rules explained
UP RERA introduces new rules mandating developers to securely manage and transfer Interest Free Maintenance Security (IFMS) funds to RWAs at project handover