# UP RERA notifies new IFMS rules for homebuyers in Noida 2026-08-18T18:26:29+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has introduced new rules for the collection, management, investment, transfer and utilisation of Interest Free Maintenance Security (IFMS) funds collected from homebuyers. The amended provisions, incorporated under Regulation 47 of the UP RERA (General) Regulations, 2019, came into effect in July. Under the revised rules, promoters must collect the IFMS amount at the time of registration of sale, lease or sub-lease deeds and deposit the entire amount in a separate designated bank account. The funds must be invested in a fixed deposit scheme offering the highest rate of interest after obtaining quotations. For group housing projects, the IFMS has been fixed between Rs 20-100 per square foot depending on the category. Commercial projects will attract IFMS of Rs 40 per square foot for non-central air-conditioned developments and Rs 50 per square foot for centrally air-conditioned projects. Promoters must transfer the entire IFMS corpus to the Residents' Welfare Association or the Association of Allottees when handing over common areas. They must provide a detailed transfer statement with unit-wise collections, expenditure, audit trail and final balance. The fund can be used only for operation, maintenance, repair and replacement of common areas, and must be kept separate from other maintenance charges. The RWA must maintain proper accounts and get them audited by a chartered accountant. ## Indian Opinion Analysis The coverage from Livemint, based on a PTI report, is a neutral wire-style advisory. It frames the UP RERA chairman's statement as the central justification, transparency and accountability, without any counterpoint or criticism. The article simply lists the rule changes and rates in a how-to format, avoiding any discussion of past disputes, compliance challenges, or developer pushback. A careful reader should note that the rules are now in effect, and the key metric to watch is whether developers comply with the separate account and audit requirements, and whether RWAs are equipped to manage the transferred corpus. The next step for homebuyers is to check their sale deed for IFMS collection as per these new rates. ## Coverage Coverage: 1 source, 1 neutral - livemint.com (neutral report) Wire-style advisory listing rule changes and rates without slant This story was synthesised by AI from the source linked above. Tags: IFMS, Noida, real estate, Sanjay R Bhoosreddy, UP RERA Canonical: https://indianopinion.org/up-rera-notifies-new-ifms-rules-for-homebuyers-in-noida/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/up-rera-notifies-new-ifms-rules-for-homebuyers-in-noida/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/