diff --git a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/DefaultKubevirtFloatingIp.java b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/DefaultKubevirtFloatingIp.java
new file mode 100644
index 0000000..6dc98e2
--- /dev/null
+++ b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/DefaultKubevirtFloatingIp.java
@@ -0,0 +1,190 @@
+/*
+ * Copyright 2021-present Open Networking Foundation
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *     http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package org.onosproject.kubevirtnetworking.api;
+
+import com.google.common.base.MoreObjects;
+import org.onlab.packet.IpAddress;
+
+import java.util.Objects;
+
+import static com.google.common.base.Preconditions.checkArgument;
+
+/**
+ * Default implementation class of kubevirt floating IP.
+ */
+public final class DefaultKubevirtFloatingIp implements KubevirtFloatingIp {
+
+    private static final String NOT_NULL_MSG = "Floating IP % cannot be null";
+
+    private final String id;
+    private final String routerName;
+    private final String podName;
+    private final IpAddress floatingIp;
+    private final IpAddress fixedIp;
+
+    /**
+     * A default constructor.
+     *
+     * @param id            floating IP identifier
+     * @param routerName    router name
+     * @param podName       POD name
+     * @param floatingIp    floating IP address
+     * @param fixedIp       fixed IP address
+     */
+    public DefaultKubevirtFloatingIp(String id, String routerName, String podName,
+                                     IpAddress floatingIp, IpAddress fixedIp) {
+        this.id = id;
+        this.routerName = routerName;
+        this.podName = podName;
+        this.floatingIp = floatingIp;
+        this.fixedIp = fixedIp;
+    }
+
+    @Override
+    public String id() {
+        return id;
+    }
+
+    @Override
+    public String routerName() {
+        return routerName;
+    }
+
+    @Override
+    public IpAddress floatingIp() {
+        return floatingIp;
+    }
+
+    @Override
+    public IpAddress fixedIp() {
+        return fixedIp;
+    }
+
+    @Override
+    public String podName() {
+        return podName;
+    }
+
+    @Override
+    public KubevirtFloatingIp updateFixedIp(IpAddress ip) {
+        return DefaultKubevirtFloatingIp.builder()
+                .id(id)
+                .routerName(routerName)
+                .floatingIp(floatingIp)
+                .fixedIp(ip)
+                .podName(podName)
+                .build();
+    }
+
+    @Override
+    public KubevirtFloatingIp updatePodName(String name) {
+        return DefaultKubevirtFloatingIp.builder()
+                .id(id)
+                .routerName(routerName)
+                .floatingIp(floatingIp)
+                .fixedIp(fixedIp)
+                .podName(name)
+                .build();
+    }
+
+    @Override
+    public boolean equals(Object o) {
+        if (this == o) {
+            return true;
+        }
+        if (o == null || getClass() != o.getClass()) {
+            return false;
+        }
+        DefaultKubevirtFloatingIp that = (DefaultKubevirtFloatingIp) o;
+        return id.equals(that.id) && routerName.equals(that.routerName) &&
+                Objects.equals(podName, that.podName) &&
+                floatingIp.equals(that.floatingIp) &&
+                Objects.equals(fixedIp, that.fixedIp);
+    }
+
+    @Override
+    public int hashCode() {
+        return Objects.hash(id, routerName, podName, floatingIp, fixedIp);
+    }
+
+    @Override
+    public String toString() {
+        return MoreObjects.toStringHelper(this)
+                .add("id", id)
+                .add("routerName", routerName)
+                .add("podName", podName)
+                .add("floatingIp", floatingIp)
+                .add("fixedIp", fixedIp)
+                .toString();
+    }
+
+    /**
+     * Returns new builder instance.
+     *
+     * @return kubevirt floating IP builder
+     */
+    public static Builder builder() {
+        return new Builder();
+    }
+
+    public static final class Builder implements KubevirtFloatingIp.Builder {
+
+        private String id;
+        private String routerName;
+        private String podName;
+        private IpAddress floatingIp;
+        private IpAddress fixedIp;
+
+        @Override
+        public KubevirtFloatingIp build() {
+            checkArgument(id != null, NOT_NULL_MSG, "id");
+            checkArgument(routerName != null, NOT_NULL_MSG, "routerName");
+            checkArgument(floatingIp != null, NOT_NULL_MSG, "floatingIp");
+
+            return new DefaultKubevirtFloatingIp(id, routerName, podName, floatingIp, fixedIp);
+        }
+
+        @Override
+        public Builder id(String id) {
+            this.id = id;
+            return this;
+        }
+
+        @Override
+        public Builder routerName(String name) {
+            this.routerName = name;
+            return this;
+        }
+
+        @Override
+        public Builder floatingIp(IpAddress ip) {
+            this.floatingIp = ip;
+            return this;
+        }
+
+        @Override
+        public Builder fixedIp(IpAddress ip) {
+            this.fixedIp = ip;
+            return this;
+        }
+
+        @Override
+        public Builder podName(String name) {
+            this.podName = name;
+            return this;
+        }
+    }
+}
diff --git a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtFloatingIp.java b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtFloatingIp.java
new file mode 100644
index 0000000..f879d2b
--- /dev/null
+++ b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtFloatingIp.java
@@ -0,0 +1,124 @@
+/*
+ * Copyright 2021-present Open Networking Foundation
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *     http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package org.onosproject.kubevirtnetworking.api;
+
+import org.onlab.packet.IpAddress;
+
+/**
+ * Representation of floating IP address.
+ */
+public interface KubevirtFloatingIp {
+
+    /**
+     * Returns the floating IP identifier.
+     *
+     * @return floating IP identifier
+     */
+    String id();
+
+    /**
+     * Returns the name of router where the floating IP is associated.
+     *
+     * @return name of router
+     */
+    String routerName();
+
+    /**
+     * Returns the floating IP address.
+     *
+     * @return floating IP address
+     */
+    IpAddress floatingIp();
+
+    /**
+     * Returns the fixed IP address.
+     *
+     * @return fixed IP address
+     */
+    IpAddress fixedIp();
+
+    /**
+     * Returns the name of POD where this floating IP is associated with.
+     *
+     * @return POD name
+     */
+    String podName();
+
+    /**
+     * Updates the kubevirt floating IP with the supplied fixed IP address.
+     *
+     * @param ip fixed IP address
+     * @return kubevirt floating IP
+     */
+    KubevirtFloatingIp updateFixedIp(IpAddress ip);
+
+    /**
+     * Updates the kubevirt floating IP with the supplied pod Name.
+     *
+     * @param name POD name
+     * @return kubevirt floating IP
+     */
+    KubevirtFloatingIp updatePodName(String name);
+
+    interface Builder {
+        /**
+         * Builds an immutable floaing IP instance.
+         *
+         * @return kubevirt floating IP
+         */
+        KubevirtFloatingIp build();
+
+        /**
+         * Returns kubevirt floating IP builder with supplied identifier.
+         *
+         * @param id floating IP identifier
+         * @return floating IP builder
+         */
+        Builder id(String id);
+
+        /**
+         * Returns kubevirt floating IP builder with supplied router name.
+         *
+         * @param name router name
+         * @return floating IP builder
+         */
+        Builder routerName(String name);
+
+        /**
+         * Returns kubevirt floating IP builder with supplied floating IP address.
+         *
+         * @param ip floating IP address
+         * @return floating IP builder
+         */
+        Builder floatingIp(IpAddress ip);
+
+        /**
+         * Returns kubevirt floating IP builder with supplied fixed IP address.
+         *
+         * @param ip fixed IP address
+         * @return floating IP builder
+         */
+        Builder fixedIp(IpAddress ip);
+
+        /**
+         * Returns kubevirt floating IP builder with supplied POD name.
+         *
+         * @param name POD name
+         * @return floating IP builder
+         */
+        Builder podName(String name);
+    }
+}
diff --git a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouter.java b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouter.java
index e9f5e88..697198b 100644
--- a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouter.java
+++ b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouter.java
@@ -77,7 +77,7 @@
     interface Builder {
 
         /**
-         * Builds an immutable network instance.
+         * Builds an immutable router instance.
          *
          * @return kubevirt router
          */
diff --git a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterAdminService.java b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterAdminService.java
index 1ec1cee..30d7890 100644
--- a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterAdminService.java
+++ b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterAdminService.java
@@ -52,6 +52,27 @@
     void updatePeerRouterMac(String name, MacAddress mac);
 
     /**
+     * Creates a kubevirt floating IP with the given information.
+     *
+     * @param floatingIp a new floating IP
+     */
+    void createFloatingIp(KubevirtFloatingIp floatingIp);
+
+    /**
+     * Updates the kubevirt floating IP with the given information.
+     *
+     * @param floatingIp the updated floating IP
+     */
+    void updateFloatingIp(KubevirtFloatingIp floatingIp);
+
+    /**
+     * Removes the floating IP with the given identifier.
+     *
+     * @param id floating IP identifier
+     */
+    void removeFloatingIp(String id);
+
+    /**
      * Removes all routers.
      */
     void clear();
diff --git a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterEvent.java b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterEvent.java
index b195ecb..c9e1f16 100644
--- a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterEvent.java
+++ b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterEvent.java
@@ -17,11 +17,16 @@
 
 import org.onosproject.event.AbstractEvent;
 
+import static com.google.common.base.MoreObjects.toStringHelper;
+
 /**
  * Kubevirt router event class.
  */
 public class KubevirtRouterEvent extends AbstractEvent<KubevirtRouterEvent.Type, KubevirtRouter> {
 
+    private final KubevirtFloatingIp floatingIp;
+    private final String podName;
+
     /**
      * Creates an event of a given type for the specified kubevirt router.
      *
@@ -30,6 +35,35 @@
      */
     public KubevirtRouterEvent(Type type, KubevirtRouter subject) {
         super(type, subject);
+        this.floatingIp = null;
+        this.podName = null;
+    }
+
+    /**
+     * Creates an event of a given type for the specified kubevirt router.
+     *
+     * @param type       kubevirt router event type
+     * @param subject    kubevirt router
+     * @param floatingIp kubevirt floating IP
+     */
+    public KubevirtRouterEvent(Type type, KubevirtRouter subject, KubevirtFloatingIp floatingIp) {
+        super(type, subject);
+        this.floatingIp = floatingIp;
+        this.podName = null;
+    }
+
+    /**
+     * Creates an event of a given type for the specified kubevirt router.
+     *
+     * @param type       kubevirt router event type
+     * @param subject    kubevirt router
+     * @param floatingIp kubevirt floating IP
+     * @param podName    kubevirt POD name
+     */
+    public KubevirtRouterEvent(Type type, KubevirtRouter subject, KubevirtFloatingIp floatingIp, String podName) {
+        super(type, subject);
+        this.floatingIp = floatingIp;
+        this.podName = podName;
     }
 
     public enum Type {
@@ -47,5 +81,61 @@
          * Signifies that the kubevirt router is removed.
          */
         KUBEVIRT_ROUTER_REMOVED,
+
+        /**
+         * Signifies that a new kubevirt floating IP is created.
+         */
+        KUBEVIRT_FLOATING_IP_CREATED,
+
+        /**
+         * Signifies that the kubevirt floating IP is updated.
+         */
+        KUBEVIRT_FLOATING_IP_UPDATED,
+
+        /**
+         * Signifies that the kubevirt floating IP is removed.
+         */
+        KUBEVIRT_FLOATING_IP_REMOVED,
+
+        /**
+         * Signifies that the floating IP is associated to a fixed IP.
+         */
+        KUBEVIRT_FLOATING_IP_ASSOCIATED,
+
+        /**
+         * Signifies that the floating IP disassociated from the fixed IP.
+         */
+        KUBEVIRT_FLOATING_IP_DISASSOCIATED
+    }
+
+    /**
+     * Returns the floating IP of the router event.
+     *
+     * @return kubevirt floating IP; null if the event is not relevant to the floating IP
+     */
+    public KubevirtFloatingIp floatingIp() {
+        return floatingIp;
+    }
+
+    /**
+     * Returns the pod name of the router event.
+     *
+     * @return kubevirt pod name; null if the event is not relevant to the pod name
+     */
+    public String podName() {
+        return podName;
+    }
+
+    @Override
+    public String toString() {
+        if (floatingIp == null) {
+            return super.toString();
+        }
+        return toStringHelper(this)
+                .add("type", type())
+                .add("router", subject())
+                .add("floatingIp", floatingIp)
+                .add("podName", podName)
+                .toString();
     }
 }
diff --git a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterService.java b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterService.java
index 03b6d35..0b25fe4 100644
--- a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterService.java
+++ b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterService.java
@@ -39,4 +39,35 @@
      * @return set of kubevirt routers
      */
     Set<KubevirtRouter> routers();
+
+    /**
+     * Returns the kubevirt floating IP with the supplied identifier.
+     *
+     * @param id floating IP identifier
+     * @return kubevirt floating IP
+     */
+    KubevirtFloatingIp floatingIp(String id);
+
+    /**
+     * Returns the kubevirt floating IP associated with the supplied POD.
+     *
+     * @param podName name of POD
+     * @return kubevirt floating IP
+     */
+    KubevirtFloatingIp floatingIpByPodName(String podName);
+
+    /**
+     * Returns the kubevirt floating IPs bound to the given router.
+     *
+     * @param routerName name of router
+     * @return set of kubevirt floating IPs
+     */
+    Set<KubevirtFloatingIp> floatingIpsByRouter(String routerName);
+
+    /**
+     * Returns all kubevirt floating IPs.
+     *
+     * @return set of kubevirt floating IPs
+     */
+    Set<KubevirtFloatingIp> floatingIps();
 }
diff --git a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterStore.java b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterStore.java
index c63daa2..7313aa9 100644
--- a/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterStore.java
+++ b/apps/kubevirt-networking/api/src/main/java/org/onosproject/kubevirtnetworking/api/KubevirtRouterStore.java
@@ -63,7 +63,44 @@
     Set<KubevirtRouter> routers();
 
     /**
-     * Removes all kubevirt routers.
+     * Creates a new kubevirt floating IP.
+     *
+     * @param floatingIp kubevirt floating IP
+     */
+    void createFloatingIp(KubevirtFloatingIp floatingIp);
+
+    /**
+     * Updates the kubevirt floating IP.
+     *
+     * @param floatingIp kubevirt floating IP
+     */
+    void updateFloatingIp(KubevirtFloatingIp floatingIp);
+
+    /**
+     * Removes the kubevirt floating IP with the given identifier.
+     *
+     * @param id floating IP identifier
+     * @return removed kubevirt floating IP; null if failed
+     */
+    KubevirtFloatingIp removeFloatingIp(String id);
+
+    /**
+     * Returns the kubevirt floating IP with the given identifier.
+     *
+     * @param id floating IP identifier
+     * @return kubevirt floating IP; null if not found
+     */
+    KubevirtFloatingIp floatingIp(String id);
+
+    /**
+     * Returns all kubevirt floating IPs.
+     *
+     * @return set of kubevirt floating IPs
+     */
+    Set<KubevirtFloatingIp> floatingIps();
+
+    /**
+     * Removes all kubevirt routers and floating IPs.
      */
     void clear();
 }
diff --git a/apps/kubevirt-networking/api/src/test/java/org/onosproject/kubevirtnetworking/api/DefaultKubevirtFloatingIpTest.java b/apps/kubevirt-networking/api/src/test/java/org/onosproject/kubevirtnetworking/api/DefaultKubevirtFloatingIpTest.java
new file mode 100644
index 0000000..f5f400e
--- /dev/null
+++ b/apps/kubevirt-networking/api/src/test/java/org/onosproject/kubevirtnetworking/api/DefaultKubevirtFloatingIpTest.java
@@ -0,0 +1,107 @@
+/*
+ * Copyright 2021-present Open Networking Foundation
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *     http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package org.onosproject.kubevirtnetworking.api;
+
+import com.google.common.testing.EqualsTester;
+import org.junit.Before;
+import org.junit.Test;
+import org.onlab.packet.IpAddress;
+
+import static junit.framework.TestCase.assertEquals;
+import static org.onlab.junit.ImmutableClassChecker.assertThatClassIsImmutable;
+
+/**
+ * Unit tests for the default kubevirt floating IP class.
+ */
+public class DefaultKubevirtFloatingIpTest {
+
+    private static final String ID_1 = "fip_id_1";
+    private static final String ID_2 = "fip_id_2";
+    private static final String ROUTER_NAME_1 = "router-1";
+    private static final String ROUTER_NAME_2 = "router-2";
+    private static final IpAddress FLOATING_IP_1 = IpAddress.valueOf("10.10.10.10");
+    private static final IpAddress FLOATING_IP_2 = IpAddress.valueOf("20.20.20.20");
+    private static final String POD_NAME_1 = "pod-1";
+    private static final String POD_NAME_2 = "pod-2";
+    private static final IpAddress FIXED_IP_1 = IpAddress.valueOf("30.30.30.30");
+    private static final IpAddress FIXED_IP_2 = IpAddress.valueOf("40.40.40.40");
+
+    private KubevirtFloatingIp fip1;
+    private KubevirtFloatingIp sameAsFip1;
+    private KubevirtFloatingIp fip2;
+
+    /**
+     * Tests class immutability.
+     */
+    @Test
+    public void testImmutability() {
+        assertThatClassIsImmutable(DefaultKubevirtFloatingIp.class);
+    }
+
+    /**
+     * Initial setup for this unit test.
+     */
+    @Before
+    public void setUp() {
+        fip1 = DefaultKubevirtFloatingIp.builder()
+                .id(ID_1)
+                .routerName(ROUTER_NAME_1)
+                .floatingIp(FLOATING_IP_1)
+                .podName(POD_NAME_1)
+                .fixedIp(FIXED_IP_1)
+                .build();
+
+        sameAsFip1 = DefaultKubevirtFloatingIp.builder()
+                .id(ID_1)
+                .routerName(ROUTER_NAME_1)
+                .floatingIp(FLOATING_IP_1)
+                .podName(POD_NAME_1)
+                .fixedIp(FIXED_IP_1)
+                .build();
+
+        fip2 = DefaultKubevirtFloatingIp.builder()
+                .id(ID_2)
+                .routerName(ROUTER_NAME_2)
+                .floatingIp(FLOATING_IP_2)
+                .podName(POD_NAME_2)
+                .fixedIp(FIXED_IP_2)
+                .build();
+    }
+
+    /**
+     * Tests object equality.
+     */
+    @Test
+    public void testEquality() {
+        new EqualsTester().addEqualityGroup(fip1, sameAsFip1)
+                .addEqualityGroup(fip2)
+                .testEquals();
+    }
+
+    /**
+     * Test object construction.
+     */
+    @Test
+    public void testConstruction() {
+        KubevirtFloatingIp fip = fip1;
+
+        assertEquals(ID_1, fip.id());
+        assertEquals(ROUTER_NAME_1, fip.routerName());
+        assertEquals(FLOATING_IP_1, fip.floatingIp());
+        assertEquals(POD_NAME_1, fip.podName());
+        assertEquals(FIXED_IP_1, fip.fixedIp());
+    }
+}