FOSRA stands for handling of each block’s Corpus by itself
This is the Structure in more matured markets like Mumbai, Delhi etc
The model totally de-risk power, concentration of corpus, money, admin
Each Block has its own association and a structure similar to FOSRA with 18 members forming the EC
Each block can have its own Bye Laws, PAN, Bank account, Corpus, maintenance and contribute for common amenities and well-being.
FOSRA stands for collecting maintenance by each block taking care of each blocks’ security, maintenance etc by the block itself. Common expenses like water, drainage, STP / WTP, OSR maintenance, common security, electricity etc to be shared by each block