UP RERA's New Rules: Maintenance Money Gets a Makeover

UP RERA is shaking things up! They’ve revamped the rules for the one-time maintenance fee homebuyers pay, ensuring it’s used properly. Builders can’t mix that cash with their own, and it must go into a special bank account earning interest. Plus, they have to hand over the entire fund to the Residents' Welfare Association once the project is done. No funny business allowed!