FORM ‘B’
                                         [See rule3(6)]

       DECLARATION, SUPPORTED BY AN AFFIDAVIT, WHICH SHALL BE
      SIGNED BY THE PROMOTER OR ANY PERSON AUTHORIZED BY THE
                            PROMOTER

                                   Affidavit cum Declaration

Affidavit cum Declaration of Mr./Ms.           promoter of the proposed project / duly
authorized by the promoter of the proposed project, vide its/his/their authorization
dated
       ;
I,          promoter of the proposed project / duly authorized by the promoter of
the proposed project do hereby solemnly declare, undertake and state as under:

 1.   That I / promoter have / has a legal title Report to the land on which the development
      of the project is proposed

            OR
have/has a legal title Report to the land on which the development of the proposed project is
to be carried out

AND

            a legally valid authentication of title of such land along with an authenticated
            copy of the agreement between such owner and promoter for development of the
            real estate project is enclosed herewith.

2. That the project land is free from all encumbrances.

            OR

            That details of encumbrances               _ including dues and litigation, details
            of any rights, title, interest or name of any party in or over such land, along with
            details.

3. That the time period within which the project shall be completed by me/promoter f r o m t h
     edateofregistrationofproject;
4. (a) For new projects :
      That seventy per cent of the amounts realised by me/promoter for the real estate project
      from the allottees, from time to time, shall be deposited in a separate account to be
      maintained in a scheduled bank to cover the cost of construction and the land cost and
      shall be used only for that purpose.

       (b) For ongoing project on the date of commencement of the Act
      (i) That seventy per cent of the amounts to be realised hereinafter by me/promoter for
      the real estate project from the allottees, from time to time, shall be deposited in a
      separate account to be maintained in a scheduled bank to cover the cost of construction
      and the land cost and shall be used only for that purpose.

                                                  OR
      (ii) That entire of the amounts to be realised hereinafter by me/promoter for the real
      estate project from the allottees, from time to time, shall be deposited in a separate
      account to be maintained in a scheduled bank to cover the cost of construction and the
      land cost and shall be used only for that purpose, since the estimated receivable of the
      project is less than the estimated cost of completion of the project.


5.    That the amounts from the separate account shall be withdrawn in accordance with
      Rule 5
       6.       That I / the promoter shall get the accounts audited within six months after
       the end of every financial year by a practicing Chartered Accountant, and shall
       produce a statement of accounts duly certified and signed by such practicing
       Chartered Accountant, and it shall be verified during the audit that the amounts
       collected for a particular project have been utilised for the project and the withdrawal
       has been in compliance with the proportion to the percentage of completion of the
       project.

 7.   That I /the promoter shall take all the pending approvals on time, from the competent
      authorities.


 8.   That I/ the promoter shall inform the Authority regarding all the changes that have
      occurred in the information furnished under sub-section (2) of section 4 of the Act and
      under rule 3 of these rules, within seven days of the said changes occurring.

 9.   That I / the promoter have / has furnished such other documents as have been
      prescribed by the rules and regulations made under the Act.


 10. That I/the promoter shall not discriminate against any allottee at the time of allotment
      of any apartment, plot or building, as the case may be.


                                                                                 Deponent
                                      Verification

The contents of my above Affidavit cum Declaration are true and correct and nothing
material has been concealed by me therefrom.

Verified by me at        on this     day of          .

                                                                               Deponent