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 3 (See Regulation 3) CHARTERED ACCOUNTANT’S CERTIFICATE (To be submitted at the time of Registration of Project and for withdrawal of Money from Designated Account) Date:31.01.2024 To, The Designated Partner, Katariya Land Developers & Builders LLP, CTS No 572/1, Station Road, Near Nagar Palika, Nandurbar - 425412. Subject: Certificate of Financial Progress of Work of "C B MARKET" having Maha RERA Registration Number P49700049824 being developed by Katariya Land Developer & Builders LLP located at CTS No 572/1, Station Road, Near Nagar Palika, Nandurbar - 425412. Sir, This certificate is being issued for RERA compliance for the "C B MARKET" having Maha RERA Registration Number P49700049824 being developed by Katariya Land Developer & Builders LLP and is based on the records and documents produced before me and explanations provided to me by the management of the firm. Table A - Estimated Cost of the Project (at the time of Registration of Project) Sr. No. Particulars Estimated Cost (At the time of Registration of Project) (1) (2) (3) 1 (i) Land Cost : a) Value of the Land as ascertained from the Annual Statement of Rates (ASR) 43,37,859.20 b) Estimated Amount of Premium payable to obtain development rights, FSI, additional FSI, fungible area and any other incentive/concession in deficiency under DCR from Local Authority or State Government/UT Administration or 0.00 any Statutory Authority. c) Estimated Acquisition cost of TDR (if any) 0.00 d) Estimated Amounts payable to State Government/UT Administration or competent authority or any other statutory authority of the state or Central Government, towards stamp duty, transfer charges, registration fees etc; and 11,46,400.00 e) Estimated Land Premium payable as per annual statement of rates (ASR) for 0.00 redevelopment of land owned by public authorities. f) Under Rehabilitation scheme: (i) Estimated construction cost of rehab building including site development and infrastructure for the same as certified by Engineer. 0.00 (ii) Estimated Cost towards clearance of land of all or any encumbrances including cost of removal of legal/illegal occupants, cost for providing temporary transit accommodation or rent in lieu of Transit Accommodation, overheads cost, amounts payable to slum dwellers, tenants, apartment owners or appropriate 0.00 authority or government or concessionaire which are not refundable and so on. (iii) Estimated Cost of ASR linked premium, fees, charges and security deposits or maintenance deposit or any amount whatsoever payable to any authorities 0.00 towards and in project of rehabilitation. (iv) Any other cost including interest estimated on the borrowing done specifically 0.00 for construction of rehabilition component Sub-Total of Land Cost 54,84,259.20 (ii) Development Cost / Cost of Construction of Building a) Estimated Cost of Construction as certified by Engineer. 6,85,62,542.00 b) Cost incurred on additional items not included in estimated cost (As per 0.00 Engineer Certificate) c) Estimated Expenditure for development of entire project excluding cost of construction as per (i) above, i.e. salaries, consultants fees, site overheads, development works, cost of services (including water, electricity, sewerage, drainage, layout roads etc.), absorbed cost (attributable to this project) of 1,09,70,006.00 machineries and equipment including its hire and maintenance cost, consumables etc. d) Estimated Taxes, cess, fees, charges, premiums, interest etc. payable to any 0.00 Statutory Authority. e) Interest payable to financial institutions, scheduled banks, non banking financial institution (NBFC) or money lenders on construction funding or 1,20,74,994.00 money borrowed for construction. Sub-total of Development Cost: 9,16,07,542.00 Total Cost of the Project (Estimated) 9,70,91,801.20 Table B - Actual Cost Incurred on the Project (as on 31.12.2023) Sr. Particulars Actual (Rs.) No. Incurred (1) (2) (3) 1 Land Cost (a) Value of land as ascertained from the Annual Statement of 43,37,859.20 Rates (ASR) (b) Incurred Expenditure on Premiums to obtain development rights, FSI, additional FSI, fungible area and any other incentive/ concession in deficiency under DCR from Local 0.00 Authority or State Government/UT Administration or any Statutory Authority. (c) Incurred Expenditure for Acquisition of TDR (if any). 0.00 (d) Amounts paid to State Government/UT Administration or competent authority or any other statuory authority of the State or Central Government, towards stamp duty, transfer 11,46,400.00 charges, registration fees etc; and (e) Land Premium paid for redevelopment of land owned by 0.00 public authorities. (f) Under Rehabilitation scheme: i. Incurred Expenditure for construction of rehabilitation 0.00 building. Minimum of (a) or (b) to be considered (a) Cost Incurred for consruction of rehab including site development and infrastructure for the same as certified by 0.00 Engineer. (b) Incurred Expenditure for construction of rehab building as per the books of accounts as verified by the CA. 0.00 ii. Incurred Expenditure towards clearance of land of all or any encumbrances including cost of removal of legal/illegal occupants, cost for providing temporary transit accomodation or rent in lieu of Transit Accommodation,overhead cost, amounts paid to slum dwellers, tenants, apartment owners or 0.00 appropriate authority or government or concessionaire which are not refundable and so on. iii. Incurred Expenditure toward ASR linked premium, fees, charges and security deposits or maintenance deposit, or any amount whatsoever paid to any authorities towards and in 0.00 project of rehabilitation. iv. Any other cost including interest incurred on the borrowing done specifically for construction of rehabilitation component. Sub -Total of Land Cost 54,84,259.20 2 Development Cost/ Cost of Construction (i) Expenditure for construction. Minimum of (a) and (b) to be considered 2,78,27,803.00 (a) Construction cost incurred including site development and infrastructure for the same as certified by the Engineer. 2,78,27,803.00 (b) Actual Cost of construction incurred as per the books of accounts as verified by the CA. 2,78,27,803.00 (ii) Cost incurred on additional items not included in estimated cost (As per engineer certificate) (iii) Incurred Expenditure for development of entire project excluding cost of construction as per (i) above, i.e. salaries, consultants fees, site overheads, development works, cost of services (including water, electricity, sewerage, drainage, layout roads etc.) absorbed cost (attributable to this project) of machineries and equipment including its hire and maintenance 2,29,130.00 costs, consumables etc. All costs incurred to complete the construction of the entire phase of the project registered. (iv) Incurred Expenditure towards Taxes, cess, fees, charges, premiums, interest etc. to any Statutory Authority. 0.00 (v) Incurred Expenditure towards Interest to Financial institutions, scheduled banks, non-banking financial institution (NBFC) or money lenders on construction funding or money borrowed 16,94,017.00 for construction. Sub-Total of Development Cost: 2,97,50,950.00 3 Total Cost of the Project (Actual incurred as on date of certificate) 3,52,35,209.20 4 Proportion of the Cost incurred on Land Cost and Construction Cost 36.29% to the Total Estimated Cost (Table A) 5 Amount which can be withdrawn from the Designated Account 3,52,35,209.20 Less: Amount withdrawn till date of this certificate from the 0.00 6 Designated Account 7 Net Amount which can be withdrawn from the Designated Bank 3,52,35,209.20 A/c under this certificate. *Pass through charges or indirect taxes not included in incurred cost of the project. Table C Statement of Calculation of Receivables from the Sales of the Real Estate Project Sold Inventory Sr Unit Nos. Carpet Area Unit Received Amount Balance No. (in Sq.Mts) Consideration Receivable as per Agreement / Letter of Allotment (1) (2) (3) (4) (5) (6) Total 0.00 0.00 0.00 *Unit consideration as per agreement/letter of allotment and amount received does not include pass through charges and indirect taxes. Unsold Inventory Sr. No. Unit Nos. Carpet Area Units (in SQM) Consideration as per Ready Reckoner Rate (1) (2) (3) (4) Ground Floor 1 1 9.00 2,64,860.00 2 2 9.00 2,64,860.00 3 3 9.00 2,64,860.00 4 4 9.00 2,64,860.00 5 5 9.00 2,64,860.00 6 6 9.00 2,64,860.00 7 7 9.00 2,64,860.00 8 8 9.00 2,64,860.00 9 9 9.00 2,64,860.00 10 10 9.00 2,64,860.00 11 11 9.00 2,64,860.00 12 12 9.00 2,64,860.00 13 13 9.00 2,64,860.00 14 14 9.00 2,64,860.00 15 15 9.00 2,64,860.00 16 16 9.00 2,64,860.00 17 17 9.00 2,64,860.00 18 18 9.00 2,64,860.00 19 19 9.00 2,64,860.00 20 20 9.00 2,64,860.00 21 21 9.00 2,64,860.00 22 22 9.00 2,64,860.00 23 23 9.00 2,64,860.00 24 24 9.00 2,64,860.00 25 25 9.00 2,64,860.00 26 26 9.00 2,64,860.00 27 27 9.00 2,64,860.00 28 28 9.00 2,64,860.00 29 29 9.00 2,64,860.00 30 30 9.00 2,64,860.00 31 31 9.00 2,64,860.00 32 32 9.00 2,64,860.00 33 33 9.00 2,64,860.00 34 34 9.00 2,64,860.00 35 35 9.00 2,64,860.00 36 36 9.00 2,64,860.00 37 37 9.00 2,64,860.00 38 38 9.00 2,64,860.00 39 39 9.00 2,64,860.00 40 40 9.00 2,64,860.00 41 41 9.00 2,64,860.00 42 42 9.00 2,64,860.00 43 43 9.00 2,64,860.00 44 44 9.00 2,64,860.00 First Floor 45 1 9.00 2,64,860.00 46 2 9.00 2,64,860.00 47 3 9.00 2,64,860.00 48 4 9.00 2,64,860.00 49 5 9.00 2,64,860.00 50 6 9.00 2,64,860.00 51 7 9.00 2,64,860.00 52 8 9.00 2,64,860.00 53 9 9.00 2,64,860.00 54 10 9.00 2,64,860.00 55 11 9.00 2,64,860.00 56 12 9.00 2,64,860.00 57 13 9.00 2,64,860.00 58 14 9.00 2,64,860.00 59 15 9.00 2,64,860.00 60 16 9.00 2,64,860.00 61 17 9.00 2,64,860.00 62 18 9.00 2,64,860.00 63 19 9.00 2,64,860.00 64 20 9.00 2,64,860.00 65 21 9.00 2,64,860.00 66 22 9.00 2,64,860.00 67 23 9.00 2,64,860.00 68 24 9.00 2,64,860.00 69 25 9.00 2,64,860.00 70 26 9.00 2,64,860.00 71 27 9.00 2,64,860.00 72 28 9.00 2,64,860.00 73 29 9.00 2,64,860.00 74 30 9.00 2,64,860.00 75 31 9.00 2,64,860.00 76 32 9.00 2,64,860.00 77 33 9.00 2,64,860.00 78 34 9.00 2,64,860.00 79 35 9.00 2,64,860.00 80 36 9.00 2,64,860.00 81 37 9.00 2,64,860.00 82 38 9.00 2,64,860.00 83 39 9.00 2,64,860.00 84 40 9.00 2,64,860.00 85 41 9.00 2,64,860.00 86 42 9.00 2,64,860.00 87 43 9.00 2,64,860.00 88 44 9.00 2,64,860.00 Second Floor 89 1 9.00 2,64,860.00 90 2 9.00 2,64,860.00 91 3 9.00 2,64,860.00 92 4 9.00 2,64,860.00 93 5 9.00 2,64,860.00 94 6 9.00 2,64,860.00 95 7 9.00 2,64,860.00 96 8 9.00 2,64,860.00 97 9 9.00 2,64,860.00 98 10 9.00 2,64,860.00 99 11 9.00 2,64,860.00 100 12 9.00 2,64,860.00 101 13 9.00 2,64,860.00 102 14 9.00 2,64,860.00 103 15 9.00 2,64,860.00 104 16 9.00 2,64,860.00 105 17 9.00 2,64,860.00 106 18 9.00 2,64,860.00 107 19 9.00 2,64,860.00 108 20 9.00 2,64,860.00 109 21 9.00 2,64,860.00 110 22 9.00 2,64,860.00 111 23 9.00 2,64,860.00 112 24 9.00 2,64,860.00 113 25 9.00 2,64,860.00 114 26 9.00 2,64,860.00 115 27 9.00 2,64,860.00 116 28 9.00 2,64,860.00 117 29 9.00 2,64,860.00 118 30 9.00 2,64,860.00 119 31 9.00 2,64,860.00 120 32 9.00 2,64,860.00 121 33 9.00 2,64,860.00 122 34 9.00 2,64,860.00 123 35 9.00 2,64,860.00 124 36 9.00 2,64,860.00 125 37 9.00 2,64,860.00 126 38 9.00 2,64,860.00 127 39 9.00 2,64,860.00 128 40 9.00 2,64,860.00 129 41 9.00 2,64,860.00 130 42 9.00 2,64,860.00 131 43 9.00 2,64,860.00 132 44 9.00 2,64,860.00 Third Floor 133 A1 68.49 14,12,520.00 134 A2 41.02 8,45,910.00 135 A3 40.61 8,37,440.00 136 A4 40.61 8,37,440.00 137 A5 41.02 8,45,910.00 138 A6 33.51 6,91,190.00 139 B1 68.49 14,12,520.00 140 B2 41.02 8,45,910.00 141 B3 40.61 8,37,440.00 142 B4 40.61 8,37,440.00 143 B5 41.02 8,45,910.00 144 B6 33.51 6,91,190.00 Total 1718.05 4,59,02,340.00 Table D Comparison between Balance Cost and Receivables Sr. No. Particulars Amount (1) (2) (3) 1 Estimated Balance Cost to Complete the Real Estate Project (Difference of 6,18,56,592.00 Total Estimated Project cost less Cost Incurred) 2 Balance amount receivable from sold apartments as per Table C of this certificate (as certified by Chartered Accountant as verified from the 0.00 records and books of Accounts) 3 (i) Balance Unsold area (to be certified by Management and to be verified by CA from the records and books of Accounts)(Sq. Mtr.) 1,718.05 (ii) Estimated amount of sales proceed in respect of unsold apartments (calculated as per ASR multiplied to unsold area as on the date of 4,59,02,340.00 certificate, to be calculated and certified by CA) as per Table C to this certificate 4 Estimated receivables of ongoing project. [Sum of 2+3(ii)] 4,59,02,340.00 5 (To be Filled for Ongoing Projects only) N.A. Amount to be deposited in Designated Account - 70% or 100% IF 4 is greater than 1, then 70% of the balance receivables of ongoing project will be deposited in designated Account IF 4 is lesser than 1, then 100% of the balance receivables of ongoing project will be deposited in designated Account Table E Designated Bank Account Details Designated Bank Account Details The Hasti Co-Op. Bank Ltd. A/c No.: 004001100001597 Sr. No Particulars Actual Amount till Date (From 13.07.2022 to till 31.12.2023) 1 Opening Balance 0.00 2 Deposits 5,43,47,813.00 3 Withdrawals 5,30,17,109.40 4 Closing Balance 13,30,703.60 Note: As per information provided to us by the management,total deposits in the designated bank account are funds not related to collection from customers . I hereby certify that required proportion of money, as specified in the act, collected from allottees of the project unit as indicated in Table C has been deposited in Designated RERA Bank Account. (Not Applicable since there is no collection/booking from prospective customers till the date of certificate as per bank statement provided to us by the management). I hereby certify that Katariya Land Developers & Builders LLP has utilized the required proportion of money, as specified in the act, collected from allottees for this project only for land and construction of this project. (Not Applicable since there is no collection/booking from prospective customers till the date of certificate as per bank statement provided to us by the management). Table F Means of Finance Sr. No. Particulars Estimated* Proposed/ Actual (At time of Estimated (As on 31.12.2023) Registration) (As on 31.12.2023) (In Rs.) (In Rs.) (in Rs.) (Proposed and indicative) 1. Own Funds 1,20,91,801.20 1,00,000.00 1,00,000.00 Total Borrowed Funds (Secured) 2. - Drawdown availed till date 7,00,00,000.00 7,00,00,000.00 2,31,33,490.00 Total Borrowed Funds (Unsecured) 3. - Drawdown availed till date 0.00 1,19,91,801.20 1,20,01,719.20 4. Customer Receipts used for Project 1,50,00,000.00 1,50,00,000.00 0.00 5. Total Funds for Project 9,70,91,801.20 9,70,91,801.20 3,52,35,209.20 6. Total Estimated Cost (as per Table A) 9,70,91,801.20 9,70,91,801.20 3,52,35,209.20 - Table G Any Comments/Observations of CA 1 The Expression “incurred” would mean amount of product or service received, creating debt in favour of a seller or supplier and shall also include the amount of product or service received against the payment. 2 All the estimates of the project are taken as self- certified by the management. 3 The estimates & actuals relating to means of finance are taken as self-certified by the management. 4 The total cost incurred is taken as ber books of accounts produced before us as on 31.12.2023 5 In Table C-Unsold Inventory, we have mentioned ASR value of each unit as required in the certificate as provided by the management. As per information provided by promoter units will be sold at higher rate then ready reckoner rate and the project will be in profit. 6 The details of unsold area i.e Unit No., Carpet Area and Valuation as per ready reckoner rate is taken as provided by the management. 7 Land Cost is taken as per ASR value provided by the management of the entity. 8 The own funds under Table F includes the effect of difference in purchase cost of Land and ASR value of Land as provided by the management of entity. Yours faithfully, For RSPH and Associates Chartered Accountants FRN: 003013N Paresh Digitally signed by Paresh Prakash Prakash Sabadra Date: 2024.01.31 Sabadra 13:06:18 +05'30' CA Paresh P. Sabadra Partner Membership No.: 119544 UDIN: 24119544BJZWLZ9921 Place: Nashik Date:31.01.2024 Agreed and accepted by: Signature of Promoter Name: Deepak L. Katariya Designation: Partner Date:31.01.2024