R S P H & Associates

Chartered Accountants
Office No 48, 5th Floor, Business Bay, Next to Kotak Bank,
Shri Hari Narayan Kute Marg, Mumbai Naka, Matoshree Nagar,
Nashik, Maharashtra 422002

                                            FORM 5
                                     [See Section 4(2)(I)(D)]
                             Annual Report on Statement of Accounts


       To,
       The Directors,
       Infinity Heights Private Limited,
       2, Surya Darshan Apartment,
       Pai Nagar, J S Road,
       Borivali-400092

       Subject: Report on Statement of Accounts on “Madhuban Residency” fund utilization and
                withdrawal by Infinity Heights Private Limited for the period from 09.01.2018 to
                31.03.2018 with respect to project MahaRERA Registration Number: P49700014888.


        1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation and
       Development) Act, 2016 read along with the Maharashtra Real Estate (Regulation and
       Development) (Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of
       Interest and Disclosures on Website) Rules, 2017.

       2. We have obtained all necessary information and explanation from the Promoter, during the
       course of our audit, which in our opinion are necessary for the purpose of this certificate.

       3. We hereby confirm that, we have examined the prescribed registers, books and documents,
       and the relevant records of Infinity Heights Private Limited for the period ended 31.03.2018
       and hereby certify that:

       i. M/s. Infinity Heights Private Limited have completed 20.14% (Till 31.03.2018) of the project
       titled “Madhuban Residency” MahaRERA Registration No. P49700014888 located at Plot No 4
       and other details as per annexure of plot, Nandurbar-425412.

       ii. Amount collected before RERA Registration in Specified designated A/c Rs.39,48,000/-, In
       other than specified designated A/c Rs.20,66,000/-, Total Rs.60,14,000/-, After RERA
       registration i.e., from 09.01.2018 to 31.03.2018 In Specified designated A/c Rs.69,00,000/- and
       amounts collected till date i.e., up to 31.03.2018 is Rs.1,29,14,000/-.
iii. Amount withdrawn for this project From Specified designated A/c Rs.78,44,593/-, From
other than specified designated A/c Rs.20,66,000/-, Total Rs.99,10,593/-and amount withdrawn
till date From start of the project up to 31.03.2018 is Rs.99,10,593/-.

4. We certify that Infinity Heights Private Limited has utilized the amounts collected for
“Madhuban Residency” project only for that project but the withdrawal from the designated
bank account(s) of the said project has not been in accordance with the proportion to the
percentage of completion of the project. [See Note No.3].



Yours faithfully,
For RSPH and Associates
Chartered Accountants
FRN: 003013N
 PARESH    Digitally signed by PARESH PRAKASH SABADRA
           DN: c=IN, o=R S P H AND ASSOCIATES,
           2.5.4.20=886421cf3b1c94879be58aaeda6776782
           1aa7328e341264e82a3e5003d44680c,

 PRAKASH   ou=MANAGEMENT,CID - 6788570,
           postalCode=422002, st=Maharashtra,
           serialNumber=b82281728b2b21d8f5f9f8c6c279af


 SABADRA
           f40f514ab743a9d30b210ae795c4b3ce55,
           cn=PARESH PRAKASH SABADRA
           Date: 2023.04.21 17:29:48 +05'30'




CA Paresh P. Sabadra
Partner
M.No.119544
UDIN:23119544BGUOEE4192
Date:21.04.2023
Place: Nashik

Notes to Annual Report:

  1.   We have conducted our engagement and examination in accordance with standards on
       Auditing, Guidance Note on Reports and Certificates for special purposes and other
       applicable authoritative pronouncements issued by the Institute of Chartered Accountants
       of India. We confirm our compliance to all such applicable pronouncements and with the
       ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants
       of India.
  2.   It is the primary responsibility of the management of Infinity Heights Private Limited to
       prepare, produce and maintain all accounting and other relevant supporting records and
       documents required for the purpose of this certificate. This responsibility includes the
       design, implementation and maintenance of necessary and appropriate internal control
       commensurate with the nature and size of entity.
  3.   While certifying on utilization, we have relied on the books of accounts which shows that
       the expenditure incurred on the project are more than 70% of the amount withdrawn during
       the year till 31.03.2018.
  4.   As per contention of the promoter, initially the promoter collected money from customers
       against sale of completed plots for which NA order obtained before introduction of RERA
       but later on as per mutual arrangement between customers and promoter, it is decided to
       construct the Row Houses instead of sale of plots, therefore RERA registration is obtained
       for the project.
  5.   The promoter has obtained occupancy certificate from Nandurbar Municipal Council dated
       18th June, 2019, the copy of the same is attached herewith.