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 01.04.2018 to
                31.03.2019 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 Pvt Ltd for the period ended 31.03.2019 and hereby
       certify that:

       i. M/s. Infinity Heights Private Limited have completed 96.44% (Till 31.03.2019) 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 from 01.04.2018 to 31.03.2019 In Specified designated A/c Rs.2,89,56,244/-,
       in other than specified designated A/c Rs.2,10,000/-, Total Rs.2,91,66,244/- and amounts
       collected till date (Up to 31.03.2019) is Rs.4,20,80,244/-.
iii. Amount withdrawn from 01.04.2018 to 31.03.2019 for this project from Specified designated
A/c Rs.3,19,13,144/-, From other than specified designated A/c Rs.2,10,000/-, Total
Rs.3,21,23,144/- and amount withdrawn till date From start of the project up to 31.03.2019 is
Rs.4,20,33,737/-.

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]

The total amount withdrawn/utilized during the year is in excess of withdrawal limit as per CA
certificate produced before us, however the promoter has obtained occupancy certificate from
Nandurbar Municipal Council dated 18th June, 2019, the copy of the same is attached herewith.

Yours faithfully,
For, R S P H & Associates,
Chartered Accountants.
PARESH       Digitally signed by PARESH PRAKASH SABADRA
             DN: c=IN, o=R S P H AND ASSOCIATES,
             2.5.4.20=886421cf3b1c94879be58aaeda677678
             21aa7328e341264e82a3e5003d44680c,

PRAKASH      ou=MANAGEMENT,CID - 6788570,
             postalCode=422002, st=Maharashtra,
             serialNumber=b82281728b2b21d8f5f9f8c6c279


SABADRA
             aff40f514ab743a9d30b210ae795c4b3ce55,
             cn=PARESH PRAKASH SABADRA
             Date: 2023.04.21 17:31:40 +05'30'




CA Paresh P Sabadra
Partner
Membership No: 119544
UDIN: 23119544BGUOEF3820
Date: 20.04.2023
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 31.03.2019.

   4.     The promoter has obtained occupancy certificate from Nandurbar Municipal Council dated
          18th June, 2019, the copy of the same is attached herewith.