I Cft. . AGRAWAL BAJORIA PADIYA AND ASSOCIATES 'Add,:F7,,",".':;:::'oli;i;::YlT)[,Akora-444001 (FOR REGISTRATION OF A PROJECT AND SUBSEQUENT WITHDRAWAL OF MONEY) Dare:L6/09/2022 To, Moraya Parivar Builders & Developers Prop. Nitin V Padghan, Shop No. 01, Sahara Park, Near Mahbeej chikhli 443201 Certificate of Financial Progress of Work of Chintamani Tower being developed by Moraya Parivar Sub'lect: Builders & Developers Sir, This Certificate is being issued for RERA compliance for the Chintamani Tower being developed by Moraya Parivar Builders & Developers and is based on the records and documents produced before me and explanations provided to me by the mangement. Table A -Estimated Cost of the Particulars Amount (t) Sr. No, Estimated 1 2 3 L Land Cost from thc Annual Statcment ol Rates (ASR)' 7000000.00 n. Vut,r" of the land as ascertained b. Estimated amount of premium payable to obtain development rights, FSI, additional FSI, Fungible area, and any other incentive under DCR from Local 900914.00 Authority or State Government or any Statutory Authority. Estimated Acquistion cost of TDR (if any) 0.00 d. Estimated Amounts payable to State Government or competent authority or any 47s000.00 other statutory authority of the state or central Government, towards stamp duty, transfer charges, registration fees etc; and 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: 0.00 (i) Estimated construction cost of rehab building including site development and 0.00 infrastructure for the same as certified by Engineer cost of removal of legal/ illegal occuPants, cost for providing temPorary transit 0.00 accommodation or rent in lieu of Transit Accommodation, overhead cost, maintenance deposit, or any amount whatsoever payable to any authorities towards 0.00 lnd in proiect of rehabilitation. (iv) Any other cost including interest estimated on the borrowing done specifically for 0.00 :onstruction of rehabilitation component Sub-Total of LAND COST 83759"t4.00 ii. Development Cost/Cost of Construction: a. Estimated Cost of Construction as certified by Engineer 9780840.00 b. Cost incurred on additional items not included in estimated cost (As per engineer 0.00 :ertificate) c. Estimated on-site expenditure for development of entire project excluding cost of 325000.00 construction as per (ii) above, i.e. salaries, consultants fees, site overheads, cost of services (including water, electricity, seweage), cost of machineries and equipment including its hire and maintenance costs, consumables, etc. l. Estimated Payment of Taxes, cess, fees, charges, premiums, interest etc to any 0.00 ;tatutory Authority. e. Estimated payable to financial institutions, scheduled banks, non-banking financial institution (NB|C) or money lenders on construction funding or money borrowed for 0.00 construction; Sub-Total of DEVELOPMENT COST 10105840.00 Total Cost of Project (Estimated) 18481754.00 *Po$ ttoo.rgh chargcs or indirect taxes not included in estimated cost of the project able B - Actual Cosl Incurrcd on the on Date o Sr. No. Particulars Amount (T) Incurred 1 , 3 1 Land Cost a. Value of the land as ascertained from thc Annual Statement of Rates (ASR). 7000000.00 b. Incurred Expenditure on premium payable to obtain developnlent rights, FSI, additional FSI, Fungible area, and any other incentive under DCR from Local 900914.00 Authority or State Government or any Statutory Authority. Incurred Acquistion cost of TDR (if anv) 0.00 d. Amounts payable to State Govemnent or competent authority or any other statutory authority of the State or Central Government, towards stamp duty, transfer 450000.00 :harges, registration fees etci and e. land Premium payable as per annual statement of rates (ASR) for redevelopment 0.00 cf land owned by public authorities. f. Under Rehabilitation scheme: 0.00 (i) Incurred construction cost of rehab building including site development and infrastructure for the same as certified by Engineer. (a) Cost incurred towards construction of rehab building including site development 0.00 and infrastructure for thc same as certified by Engineer. (b) Incurred Expenditure lor constnrction of rehab building as per the books of accounts as verified by thc CA. (iii) Incurred Expenditure toward clearance of land of all or any encumbrances 0.00 including cost of removal of legal/illegal occupants, cost for providing temporary transit accommodation or rent in lieu of Transit Accommodation, overhead cost, (iv) Incurred Expenditure toward cost of ASR linked premium, fees, charges and security deposits or maintenance deposit, or any amount whatsoever payable to any 0.00 luthorities towards and in proiect of rehabilitation. (iv) Any other cost including interest estimated on the borrowing done specifically tbr 0.00 :onstruction of rehabilitation component Sub-Total of LAND COST 8350914.00 ii. Development Cost/Cost of Construction: i. Expenditure for construction. Minimum of (a) and (b) to be considered (a) Construction cost incurred including site development and infrastructure for thc 0.00 same as certified by Engineer. (b) Actual Cost of constnrction incurred as Per the books of accounts as verified. ii. Cost incurred on additional items not included in estimated cost (As per engineer 0.00 :ertificate) iii. lncurred Expenditure for development of entire project excluding cost of :onstruction as per (ii) above, i.e. salaries, consultants fees, site overheads, cost of 0.00 services (including water, electricity, seweage), cost of machineries and equipment including its hire and maintenance costs, consumables, etc. iv. Incurred Expenditure towards Payment of Taxes, cess, fees, charges, premiums, 0.00 interest etc to any statutory AuthoriW. v. Incurred Expenditure payable to financial institutions, scheduled banks, non- banking financial institution (NBFC) or money lenders on construction funding or 0.00 money borrowed for construction; Sub Total of Development Cost 0.00 3 Total Cost of the Proiect (Actual incurred as on date of certificate) 8350914.00 Proportion of the Cost incurred on Land Cost and Construction Cost to the total 45.18('/o 4 Estimated Cost (Table A). 5 Amount Which can be withdrawn from the Designated Account 8350914.00 6 Bank Statement 0.00 7 :ertificate 8350914.00 *Pass through chargcs or indirect taxes not included in estimated cost of the project Table D between Balance Cost and Receivables Sr. No. Particulars Amount ({) Estimated Baltrnce Cost to Complete the Real Estate Proiect (Differenct' of 'Iotal 1 10130840.00 Estimated Proiect cost less Cost incurred) Balance amount of receivables from sold apartmenb as lrer'I'able C to this certificate 2 (as certified b1' Chartered Accountant as verified from the records and books oI 0 AccounLs) (i) Balance Unsold area (to be certified by Management arrd to be verified by CA lronr the records and books ot accounts) (ii) 3 Estimated amount of sales proceeds in respect of unsold apartments (calculated as per 1943976n.50 ASR multiplied to unsold area as on the date of certificate, to be calculated and certified by CA) as per'I'able C to this certificate 4 Estimated receivables of ongoing proiect. (sum of 2 + 3(iil) 194:t9758.50 (1o Be Filled for Ongoing Projecis only) Amount to be deposited in Designated Account - 7092" or 10091 5 IF 4 is grt;rter than I, thcn 70% of the balance receivables of the ongoing project will be NA deposited in designated Account IF 4 is lesser than I, then 1007" of the balance receivables of thc ongoing project u,ill be deposited in designatt'd Account Table E Bank Account Details Designate d Bank Account f)etails S.No. Particulars Actr.ral Amount till Date (fmm start of bank account to till date) 1 Opening Ralance 25000.00 Dcposits 0.00 Withtlrawals 0.00 Cloc;ing Balance 25000.00 lVe hereby certify that required proportion of monty, as spmilied in the act, collectctl front allottees of the project unit as indicaletl in 'fable C has beur tlepositetl in Designated RERA Bank account. lVc herc by certify that Moral'n Parivar Ruilders & Dcvelolxrc has utilizcd thc rcquired proportion of nroncy, as specified in the act, collccted from arllottees for this proicct onlv lor land aud constnrctiorr o[ this project. Table F Means of Finance Estimated* Prcposed/ (At time of Estimated Actual Registration) (As on the date (As on the date Sr. No. Particulars (ln Rs.) of the of certificate) (proposed and certificate) (ln Rs.) indicative) (ln Rs.) I Onm Funtls 837591 1.0C 837591-1.0( 8350914 00 'Iotal Borrowt'd Funds (Securett) - Drawdou,n irv.riled till datc 0.00 0.0( 0.00 'fotal Borrowtd Funds (Unsecuretl) - Drawtlou'n availed till date 0.00 0,0( 0.00 .l Custonrcr Receipts uscd for Proiect 1 0 r 05ti.10.00 l0 I 0584r).00 0.0( Iirtal Furrtls for Proiect I 8.t81 75-1.(Xl t 8.18 1 75-1.00 8350914.0( I'otal Estimated Cost (As per'lalile A) I84til 75.1.(Xl 1 ri-t8 l 751.00 18.1817il.(x Table C Conrment arrd Obseruations of CA AGRAVV \L llAJORlA PADtYn Aqreetl and acctptt,rl b1, CI I,\IiIT]TiFT) /\(-COUNTA f)evelopt'rs Ii.It.N lr.tt)lJl\,v h*"> IJI-l{*id( I o. /\cli,\\\'n I f;i',:lr# I'AR I NI]Ii I)atc: 16/ 09/20222 M.No l.lr{9(} Ul)lN:- lll-15.1e0,\ II l-\llA25l Table C Statement for calculation of Receivables from the Sales of the Ongoing Real Estate Project Sold Unit Consideration Carpet Area (in as per Agreement Received Balance Sr. No. Flat No. lqmt) of Allotment Amount Receivable NiI * Unit consideration as per agreement/letter of allotment and amount received does not include pass through charges and indirect taxes (Unsold Inventory Valuation) Unit Consideration as per Ready Carpet Area (in Reckoner Rate Sr. No. Flat No. sqmt) (ASR) -t 09 Shops on GF 75.75 135971,2.50 2 28 2BHK Flats 1238.36 1.8080056.00 Total 19439768.50