M/s. Constructive Visions Builders & Developer 1s Floor, Jayant Complex, Damle Square, Akola -444001 Phone: 8805515253 E-mail: CONSTRUCT|VEVtStONS23@gmail.com Format 'A' Declaration about RERA Designated Bank Accounts for real estate projecls A. Name of the Promoler Organization: lVUs Constructive Visions B. Name ofthe Project: Pearl Residency I' we are aware that as per section 4 (2) (r) (D) of Real Estate (Registration and Development) Act, 2016, promoters are required to open a "separate bank account,, in a scheduled ban-k to for ihe purpose of depositing seventy per cent ofthe amounts realized for the real estate project from the allottees, from time to time. 2 And' we are aware that, as per Maha RERA order No. 56 dated 27/0612024, promoters shal follow the procedure for the operation and maintenance of bank accounts lor the projecl. 3' Accordingly, we have opened RERA designated bank accounts in a scheduled bank for this real estate project / phase ofreal estate project the particulars whereofare as follows: Bank Name- City Union Bank Branch Name and address- Shop No. J & 4, lT Square Building, Gorakshan Road. Akola- 444004. IFSC Code ofBanl<- CIU80000800 Email id of Branch Manager- cub800@cityunionbankin Constructive Visions RERA Constructive Visions RERA Constructive Visions RERA Designated Designated Separate Bank Bank Account Type Designated Collection Bank Account for Account for Pearl Transaction Bank Account 510909010303134 10909010305130 4. We hereby confirm that- a' The aloresaid RERA designated bank accounts are RERA-designated bank accounts, exclusively for depositing all the colleclions received from the allottees from time to time as mentioned in the agreement for sale including parking, amenity and any other charges excluding all other taxes and statutory iuties. M/s. Constructive Visions Builders & Developer Ls Floor, Jayant Complex, Damle Square, Akola -444001 Phone: 8805515253 E-mail: CONSTRUCf tVEVtStONS23@gmail.com b. We have given the standing instructions to the bank for auto-sweep transfer facility of not less than seventy (70%) percent of the amount collected from allottees in "RERA Designated Collection Bank Account" to the "RERA Designated Separate Bank Account" and not more than thirty (30%) percent Of the collected amount to the "RERA Designated Transaction Bank Account" c. "RERA Designated Separate Bank Account" of the project is not an escrow account and free frorn all encumbrances LIEN. loans. and third-party control i.e lender/ bank/ financial institution. b, The amounts in the "RERA Designated Separate Bank Account" shall be withdrawn and used in consonance and in compliance with Section 4(2XIXD) Of the Act, Rule 5 of the Rules, Regulation 3 of the Regulations, the Orders as well as the Circulars of Maha RERA and in compliance of Circular No.39/2021 dated 28.12.2021 read with Circular No.39A 12022 dated 17.03.2022: e. The aforesaid RERA designated bank accounts shall be audited within six months afier end of every financial year and shall upload on Maha RERA promoter web page the statements of accounts duly certified and signed by a chartered accountant in practice. Dare- 02 101 12025 M/s Constructive Visions Mushtaq Firoz Wagh Partner