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Tag Archive for "meaning-of-ifmsc-in-real-estate" -

CentrikBlogsMeaning of IFMSC in Real Estate

Tag: Meaning of IFMSC in Real Estate

Remedies for misappropriation of Interest Free Maintenance Security Charges

Posted by saumya sharmaPosted on January 15, 2022January 18, 20220 CommentsCategories Authentic Legal Advice, Registration And Compliance, RERA ConsultingTags Difference between maintenance charges and IFMS, handing over possession, Interest Free Maintenance Security Charges, Meaning of IFMSC in Real Estate, Remedies for homebuyers under RERA, Remedies for misappropriation of IFMSC, RERA rules for maintenance charges

IFMS is an additional amount given by the buyers to the developer/builder till the time resident’s welfare association (RWA) is formed. The purpose of forming RWA is maintenance purpose, security purpose and projects for developments.

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