google-site-verification=2GeE3Sz4UudnlqvBff0NG8dPnRrz0y9xE4vH0HwPrm4 Geetanjali Home State | Best Real Estate Company in Gurgaon: UP-RERA mandates separate bank account for IFMS deposits in real estate projects

Wednesday, July 15, 2026

UP-RERA mandates separate bank account for IFMS deposits in real estate projects

UP-RERA has notified amendments introducing a framework for collection, management, transfer and utilisation of Interest Free Maintenance Security funds. Promoters will have to transfer the entire IFMS corpus to RWAs or associations of allottees at the time of handing over common areas.

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UP-RERA mandates separate bank account for IFMS deposits in real estate projects

UP-RERA has notified amendments introducing a framework for collection, management, transfer and utilisation of Interest Free Maintenance Se...