FT;
 Ess
 EEEE
€.s
EEEr
-'FU
     .E
-EpsB                                                                                   crl 1q. \fl c \ \ t,\ 2
                                                                                 \+nl
€€re
                                                                             ,

.h         +t
  E
 }rn P"{    r'j
4FHFh
 EEB
.fE .E
 E.e -E-          -i: i,J1 i:..l.;j-ri;i iZ.     ',,J.5
                                                   r-3  _r, ;.. :r.
                                                                         li-_ey          N-, 2_ t ? i _Z_.        .r, <-
 HT E
 F re'lg          :tijnl    lqlpfi   uuil-q,i,    {l(:l-
                                                                      -.t.--
                                                                         |

 FtrS



                      a legallyvalid authentication of title of such land along
                                                                                                           with an authenticated copy
                      of the agreement between such owner and promoter
                                                                                                         for developement of the real
                      estate project is enclosed herewith.
                   2.           That the said rand is free from att encumbrances.
                   3'           Thatthe time period within which the project shall be completed
                                                                                                                               by me/
                                promoter is Sanjiv Damodhar Nerkar
                   4'          That seventy percent of the amounts realised by me / promoterforthe
                                                                                                                                        real
                   estate project from the allottees, from time, shall be deposited
                                                                                                                       in a separate ac-
                  count to be maintained in a scheduled bank to cover the
                                                                                                            cost of consutruction and
                  the land cost and shall be used only for that purpose.
                  5'           That the amounts from the separate account, to cover
                                                                                                                  the cost of the project,
                  shall be withdrawn in proportion to the percentage of
                                                                                                        comptetion of the project.
                  6'          That the amounts from the separate account shall be
                                                                                                                   withdrawn after it is
                  certified by an engineer, an architect and a chartered
                                                                                                          accountant in practice that
                  the withdrawal is in proportion to the percentage
                                                                                                  of completion of the project.
                  7   '       That l/ promotershallgetthe accounts audited within
                                                                                                                   six months afterthe
                  end of every financial year by a chartered accountant
                                                                                                           in practice, and shall pro-
                  duce a statement of accounts duly certified and signed
                                                                                                          by such chartered accoun-
                  tant and it shall be verified during the audit that the
                                                                                                   amounts collected for a particu-
                  lar project have been utilised for the project and the
                                                                                                    withdrawal has been in compti-
                  ance with the proportion to the percentage of completion
                                                                                                             of the project.