UP RERA Issues Guidelines for IFMS Fund Utilization, Mandates Developer Deposits

Regulation

15 July 2026 at 1:27 pm

UP RERA Issues Guidelines for IFMS Fund Utilization, Mandates Developer Deposits

News Studio

Summary

UP RERA has issued new guidelines for the utilization of IFMS funds, mandating developers to deposit maintenance security funds into designated bank accounts. These funds, to be invested in high-interest fixed deposits, must be transferred to the Residents' Welfare Association and used exclusively for common area maintenance.

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