NARENDRA NAVANDAR & CO. Chartered Accountants Office No 201, Golden City Centre, Besides Prozone Mall, Chikalthana IA, Aurangabad - 431003 FORM-3 [see Regulation 3] CHARTERED ACCOUNTANT'S CERTIFICATE (FOR REGISTRATION OF A PROJECT AND SUBSEQUENT WITHDRAWAL OF MONEY) Cost of Real Estate Project Maha RERA Registration Number (P50300019138) TAPADIYA CITY CENTER As on 31-12-2020 Sr. No. Particulars Amount (Rs.) Amount (Rs.) Estimated Incurred 1 I Land Cost a. Acquisition Cost of Land or Development Rights, lease Premium, lease rent, interest 120300000.00 120300000.00 cost incurred or payable on Land Cost and legal cost b. Amount of Premium payable to obtain development rights, FSI, additional FSI, fungible area, and any other incentive under 33000000.00 33333365.00 DCR from Local Authority or State Government or any Statutory Authority c. Acquisition cost of TDR (if any) 17800000.00 17800000.00 d. Amounts payable to State Government or competent authority or any other statutory authority of the State or Central Government, towards stamp duty, transfer charges, registration fees etc; and e. Land Premium payable as per annual -- -- statement of rates (ASR) for 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 (ii) Actual Cost of construction of rehab -- -- building incurred as per the books of accounts as verified by the CA Note :- (For total cost of construction -- -- incurred, Minimum of (i) or (ii) is to be considered) (iii) 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, overhead cost, (iv) Cost of ASR linked premium, fees, -- -- charges and security deposits or maintenance deposit, or any amount whatsoever payable to any authorities towards and in project of rehabilitation. Sub-Total of LAND COST 171100000.00 171433365.00 ii. Development Cost/ Cost of Construction : a. (i) Estimated Cost of Construction as certified by Engineer 457300000.00 (ii) Actual Cost of construction incurred as per the books of accounts as verified by the 443806461.88 CA Note :( for adding to total cost of construction incurred, Minimum of (i) or (ii) is to be considered (iii) On-site expenditure for development of entire project excluding cost of construction as per (i) or (ii) above, i.e. salaries, consultants fees, site overheads, development works, cost of services (including water, electricity, sewerage, 49800000.00 51508413.26 drainage, layout roads etc.), cost of machineries and equipment including its hire and maintenance costs, consumables etc.All costs directly incurred to complete the construction of the entire phase of the project registered b. Payment of Taxes, cess, fees, charges, premiums, interest etc to any statutory 0.00 0.00 Authority c. Principal sum and interest payable to financial institutions, scheduled banks, non- banking financial institution (NBFC) or 41300000.00 43083283.00 money lenders on construction funding or money borrowed for construction ; Sub-Total of Development Cost 548400000.00 538398158.14 Total Estimated Cost of the Real Estate 719500000.00 2 Project [1(i) + 1(ii)] of Estimated Column Total Cost Incurred of the Real Estate 709831523.14 3 Project [1(i) + 1(ii)] of Incurred Column % completion of Construction Work (as % 4 per Project Architect€s Certificate) Proportion of the Cost incurred on Land 5 Cost and Construction Cost to the Total 98.66% Estimated Cost. ( 3/2 %) Amount Which can be withdrawn from 6 the Designated Account Total Estimated 709831523.14 Cost * Proportion of cost incurred ( Sr. number 2 * Sr. number 5) Less: Amount withdrawn till date of this 7 certificate as per the Books of Accounts 0.00 and Bank Statement Net Amount which can be withdrawn 8 from the Designated Bank Account under 709831523.14 this certificate This certificate is being issued for RERA compliance for M/S TAPADIA LANDMARK LLP and is based on the Record and documents produced before me and Explanations provided to me by the management of The Company. Yours Faithfully For, Narendra Navandar & Co. Chartered Accountants CA Narendra K. Navandar Proprietor, M No. 153818 Date : 23/3/2022 UDIN : 22153818AJJFGK3793 ADDITIONAL INFORMATION FOR ONGOING PROJECT – TAPADIYA CITY CENTER Sr. No. Particulars Amount Rs. 1 Estimated Balance Cost to Complete the Real Estate Project (Difference of Total Estimated Project cost less Cost incurred) 9668476.86 (calculated as per the Form IV) 2 Balance amount of receivables from sold apartments as per Annexure A to this certificate (as certified by Chartered Accountant as verified 0.00 from the 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) 11556.46 (ii) Estimated amount of sales proceeds in respect of unsold apartments (calculated as per Avg. Selling Price multiplied to unsold area as on the date of certificate, to be calculated and certified by CA) as per Annexure A to this certificate. 534047052.00 Note:- Average Selling Price has been calculated on the basis of total sales of Project “A” / Carpet Area sold as on date of certificate 4 Estimated receivables of ongoing project. Sum of 2 + 3(ii) 534047052.00 5 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 70.00% 100% of the of the balance receivables of ongoing project will be deposited in designated Account This certificate is being issued for RERA compliance for M/S TAPADIA LANDMARK LLP and is based on the records and documents produced before me and Explanations provided to me by the management of the Company. Yours Faithfully For, Narendra Navandar & Co. Chartered Accountants CA Narendra K. Navandar Proprietor, M No. 153818 Annexure A Statement for calculation of Receivables from the Sales of the Ongoing Real Estate Project – Sold Inventory Unit Consideration as Balance Carpet Area Total Received Sr.No Type per Agreement / Receivable in Sq.Mtr. Amount Letter of Amount Allotment Total (Unsold Inventory Valuation) – Valuation is based on Average Selling Rate calculated considering total revenue of project / total carpet area sold as on date of certificate. Total Unit Consideration No of Carpet Area in Carpet as per Reconer Sr.No Type Units Sq.Mtrs. Area Rate 778.6 1 Shop 1 778.60 35971320 1321.96 2 Shop 2 660.98 61074552 778.43 3 Shop 1 778.43 35963466 289.7 4 Shop 2 144.85 13384140 280.52 5 Shop 2 140.26 12960024 285.72 6 Shop 2 142.86 13200264 231.82 7 Store 2 115.91 10710084 64.76 8 Shop 2 32.38 2991912 197.34 9 Shop 6 32.89 9117108 236.34 10 Shop 6 39.39 10918908 189.12 11 Shop 12 15.76 8737344 151.2 12 Shop 2 75.6 6985440 28.72 13 Shop 1 28.72 1326864 46.56 14 Shop 3 15.52 2151072 104.76 15 Shop 4 26.19 4839912 28.05 16 Shop 1 28.05 1295910 29.05 17 Shop 1 29.05 1342110 259.32 18 Shop 12 21.61 11980584 85.12 19 Shop 4 21.28 3932544 143.64 20 Shop 4 35.91 6636168 29.73 21 Shop 1 29.73 1373526 635.04 22 Shop 4 158.76 29338848 492.1 23 Shop 2 246.05 22735020 257.62 24 Shop 2 128.81 11902044 77.56 25 Shop 2 38.78 3583272 337.74 26 Shop 2 168.87 15603588 104.33 27 Shop 1 104.33 4820046 15.25 28 Shop 1 15.25 704550 69.46 29 Shop 1 69.46 3209052 71.95 30 Shop 1 71.95 3324090 106.83 31 Shop 1 106.83 4935546 174.24 32 Shop 4 43.56 8049888 47.7 33 Shop 1 47.70 2203740 44.01 34 Shop 1 44.01 2033262 43.12 35 Shop 1 43.12 1992144 70.38 36 Shop 2 35.19 3251556 Food 310.51 37 Court 1 310.51 14345562 407.67 38 Shop 1 407.67 18834354 290.56 39 Shop 1 290.56 13423872 1275.68 40 Shop 4 318.92 58936416 874.56 41 Shop 4 218.64 40404672 292.69 42 Shop 1 292.69 13522278 109 11559.46 534047052