SHWETAA. RUPEJA CHARTERED ACCOUNTANT Office Address: B-202, Platinum Empire, Near Tiwsa Gin, Cotton Market Road, Amravati- 444603 Mobile: +91-8007416106; Email: shwetarupeia@gmailcom AnnexureF FORM 5 (See Regulation 4) ANNUAL REPORT ON STATEMENT OF AccoUNTS CHARTERED ACCOUNTANT'S CERTIFICATE Date: 04/02/2023 To. The New Saurabh Construction, Prop.-Saurabh Raju Ingole, Amravati-444607. SUBJECT: Report on Statement of Accounts on project fund deposit, utilization and withdrawal by New Saurabh Construction (Vasudeo Appartment ) for the period from 08/03/2021 to 31/03/2022 with respect to MahaRERA Regn. Number P50300033800. 1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation and Development) Act, 2016 read along with the Maharashtra Real Estate (Regulation and Development) (Registration of Real Estate: Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017. 2.I have obtained all necessary information and explanation from the Promoter, during the course of our audit, which in my opinion are necessary for the purpose of this certificate. 3.I hereby confirm that I have examined the prescribed registers, books and documents, and the relevant records of that: Saurabh Construction for the period ended 31/03/2022 and New hereby certify A. Deposits: Sr. Particulars For this Fiscal year Total for this project till No. date Total amount collected from allottees 2. % of amount to be deposited as per act 3. Amount to be deposited as per act (1*2) Total amount deposited in the Designated Bank AF AL % of Amount deposited in Designated Bank Account CA .ilo 188677 14)1(1)* 100 (Shortfall)/Excess deposit (3- 4) Amount llected/deposited ed at Sr. No. 1 & 2, shall not include pass through charges and indirect taxes. deposited Has the required proportion of money collected tfrom allottees of the project units, as specified in the act, ed in the If No. Please Designated RERA ank Account? (Yes/No) N.A. mention the amount Banl B. Withdrawals not deposited. Sr. Particulars For this Fiscal year Total for this project till No. date 1. Opening Balance of Designated Bank Total Deposits Total amount withdrawn 4. Closing Balance As specified in the Act, All the amounts withdrawn during the year from RERA Bank Account were within the withdrawal limit as certified under the relevant Form I, Form 2 and Form 3 issued during the reporting period? (Yes / No) N.A. If No, Please provide the below details: Sr.No. Date of withdrawal Amount of Excess Withdrawals N.A. N.A. C. Utilization I certify that, the New Saurabh Construction (Saurabh Raju Ingole) has utilized the amounts withdrawn from designated bank account towards project cost only, as specified in the act. If No, please provide the below details:- Sr.No. Date Amount not utilized for Project Cost N.A. N.A. D.Any Qualifications/Observations of CA N.A. N.A. N.A. N.A. Yours Faithfully, Shweta A. Rupeja Date-04/02/2023 Chartered Accountant Place- Amravati UDIN-23188677 BGWwYAW4252 hA CA LMo.18867, CA Shweta A. Rupeja Proprietor Mem. No. 188677 Agreed and Accepted by: For, New Saurabh Construction Date-04/02/2023 Office Address: SHWETAA. RUPEJA CHARTERED ACCOUNTANT B-202, Platinum Cotton Market Empire, Near Mobile: +91- Road, Amravati-Tiwsa Gin, 8007416106, 444603 Email: shwetarupeja@gmail.comn Form-3 (See Regulation 3) (To be submitted CHARTERED ACCOUNTANT'S CERTIFICATE d nate the time cof Registration of Project and for withdrawal of Money from Designate To: Chandak Construction Date:04/02/2023 ooect: certificate of Financial Progress of Work of Chandak Tower for MahaRERA New developed by M/s Chandak Construction. Registration nis certiicate is being issued for RERA compliance for the Chandak Tower being developed by M/s Chandak COnstruction and is based on the records and documents produced before me and explanations provided to me Dy the management of the Firm. Table A- Estimated Cost of the Project (at the time of registration of Project) Estimated Cost (At the Sr No. Particulars time of registration of Project) 1 i) Land Cost: a) Value of land as ascertained from the Annual Statement of Rates (ASR). 86,87,127.00 b) Estimated Amount of Premium payable to obtain development rights, FSI, fungible area, and any other incentive/ concessions in deficiency under DCR 31,20,465.00 from Local Authority orState Government orany StatutoryAuthority cEstimated Acquisitioncost ofTDR (if any) d) Estimated Amounts payable to State Government/UT Administration or competent authority or any other statutory authority of the State or Central Government, towards stampduty, transfer charges, registration fees etc.; and e)Estimated Land Premium payable as per annual statement of rates (ASR)for development of land owned by public authorities Under Rehabilitationscheme: i. Estimated construction cost of rehab building including site development and infrastructure forthesame ascertified by Engineer i. Estimated 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 lien of Transit accommodation, overhead cost, amounts payable to slum dwellers, tenants, apartment owners or appropriate authority or government or concessionaire which are not refundable and so on ii. Estimated 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. iv. Any other cost including interest estimated on the borrowing done specifically for construction of rehabilitation component. 118,07,592.00 SubTatal nf LAND coST RS 122,50,000.00 ii) Development Cost/ Cost a) Estimated Cost of of Construction: Engineer Construction certified by b) Cost incurred on additional items certifiea cost (As per C i o n as estimated included in not included e m s not engineer certificate) excluding cost of c)Estimated expenditure for development of entire project overheads, cost 15,00,000.00 fees, site construction as per (i) above, i.e. salaries, consultants sorbed cost (attributable services of this (including water, electricity, sewerage), nue to project) ofmachineries and equipment including its maintenance costs,consumables etc._ interest etc. payaoie ctinaed laxes, cess, fees, charges, premiums, |Statutory Authority, banks, bankir eInterest payable to financial institutions, scheduled construction funding or financial institution (NBFC) money lenders on or 137,50,000.00 money borrowedfor construction. Sub-Total of Development Cost 255,57,592.00 Total Cost ofthe Project(Estimated) Table B-Actual Cost Incurred on the Project(as on Date of Certificate)_ Amount (Rs.) Incurred Sr No. Particulars )Land Cost: Statement of Rates (ASR). 86,87,127.00 a)Value of land as ascertained from the Annual rights, FSI, b)Incurred Amount of Premium payable to obtain development under DCR 31,20,465.00 fungible area, and any other incentive/ concessions deficiency in from Local Authority or State Government or any Statutory Authority. cIncurred Expenditurefor Acquisition of TDR (if any) Administration or competent authority d) Amounts paid to State Government/UT the State or Central Government, towards or any other statutory authority of stamp duty,transfer charges,registration fees etc.; and land owned by public authorities. Land Premium paid for redevelopment of e) Under Rehabilitation scheme: rehabilitation building. Minimum of Incurred Expenditure for construction of i. a) or(b)to beconsidered rehab including site development (a) Cost incurred for construction of building and infrastructure for thesame as certifiedofby Engineer. for construction rehab building as per books of (b) Incurred Expenditure accounts as verified by the CA_ of land of all or any encumbrances including i. Incurred Cost towards clearance cost of removal of legal / illegal occupants, cost for providing temporary transit accommodation or rent in lien of Transit accommodation, overhead cost, amounts payable to slum dwellers, tenants, apartment owners appropriate or authority or government orconcessionaire which are not refundable and so on ii. Incurred Expenditure toward ASR linked premium, fees, charges and security deposits or maintenance deposit, or any amount whatsoever paid to any authorities towards andin project of rehabilitation. iv.Any other cost including interest incurred on the borrowing done specifically for construction of rehabilitation component. Sub-Total of LAND COST Rs|| 118,07,592.00 2Development Cost/Cost of Construction: Expenditure forconstruction.Mininum of (a) or (b)to beconsidered (a) Construction cost incurred including site development and infrastructure for thesame ascertified by Engineer. (b) Actual cost of construction incurred as per books of accounts as verified by the CA. included in estimated cost (AS Pe () Cost incurred on additional items not Engineer Certificate) excluding co> of for development of entire project o v e r h e a d s , cost (iin)Incurred Expenditure ultants fees, site construction as per (i) above, i.e. salaries, rage), sewera cost absorbed (attributable services (including water, electricity, of its hire ana machineries and equipment including tne to this project) of consumables etc. All incurred to costs complete maintenance costs, project registered. construction of theentire phase of charges, premiums, e Expenditure towards Taxes, cess, fees, ()incurred etc. to any Statutory Authority Interest to financial scheduled institutions, towards lenders on Expenditure eIncurred (NBFC) or money financial institution banks, non-banking or money borrowed for construction. construction funding Development Cost Sub-Total of 118,07,592.00 date ofcertificate) 46.20 the Project (Actualincurred as on Cost to the Total Total Cost of Construction on Land Cost and Cost incurred Proportion of the 54,55,100.34 Estimated Cost. (Table A)_ Designated Account be withdrawn from the Bank Amount which can certificate from Designated withdrawn till date of this Less: Amount under 54,55,100.34 Bank Account Account which can be withdrawn fróm the Designated Net Amount this certificate M.No.1886// OUNTA AED ACO Table C Estate Project Receivables from the Sales ofthe Real ent for calculation of Recelved Amount Balance Recelva C o n s i d e r a t i o n as per Sold Inventory Unit Flat No. Carpet Area Agreement /Letterof Sr. No. (in Sq. mts) Allotment N.A. N.A. N.A. 1N.A. N.A. Sq. mtr) -44200.Commercial 39100 And Residential 34000 (Commercial Ground floor nsold inventory Valuation Carpet Area as per Unit Consideration Sr. No. Flat No./Shop No. (ASR) Ready Reckoner Rate (in Sq. mts) 19,79,480.00 Flat No.- 101 58.22 21,91,640.00 64.46 201 21,91,640.00 64.46 301 19,79,480.00 401 58.22 19,79,480.00 501 58.22 21,91,640.00 601 64.46 21,91,640.00 701 64.46 264.40 103,38,040.00 Hall 38.85 17,17,170.00 Shop 735.75 267,60,210.00 Total Table D Comparison Between Balance Cost And Receivables Amount Sr. No. Particulars Estate Project (Difference Balance Cost to Complete the Real 137,50,000.00 1Estimated of Total Estimated Project Cost less Costincurred) 2 Balance amount of receivables from sold apartments as per Table C of certified by Chartered (as this certificate Accounts) Accountant as verified from the records and books of and to be Balance Unsold area (to be certified by Management ) of accounts), CA from the records and books verified by (i) 735.75 Sq. mtr Balance Estimated amount of sales proceeds in respect of unsold Unsold area, i) to unsold area i) 2,67,60,210/- Rs. apartments (calculated as per ASR multiplied be calculated and certified as on the date of certificate, to by CA) as per Table C to this certificate. 267,60,210.00 Estimated receivables of on-going project. (Sum of 2+3(i)] 5(To Be Filled for On-going Projects only)Account 70% or 100% |Amountto be deposited in Designated balance receivables of If 4 is greater than 1, then 70% of the Acount N.A. in designated on-going project will be deposited If 4 is lesser than 1, then 100% of the balance receivables of on-going project will be deposited in designated Account Sr. No Designated bank Account Details Particulars Actual Amount till Date (From Start of bank account to till date) 1Opening balance 2 DepositsS 3Withdrawals 4 Closing Balance Yerty tnat required proportion of money, as specified in the act. collected from allottees of the project unit as indicated in Table C-has deen in Designated RERA Bank account. depo nereby certity that M/s Chandak Construction has utilized the required proportion of money, as specified in the act, collected from allottees tor this proje onlyfor land and construction of this project. Table F Means Of Finance Estimated (At time of Sr No. Particulars Proposed/ Estimated(As on Actual (As on date of registration) (in Rs.) (proposed and indicative) date of this certificate) this certificate) (in Rs.)| 1Own Funds 155,57,592.00 155,57,592.00 118,07,592.00 2 Total Borrowed Funds (Secured) Drawdown availed till date T Borrowed Funds (Unsecured) Drawdown availed till date Customer Receipts used For The Project 100,00,000.00 100,00,000.00 STotal Fund For The Project 255,57,592.00 255,57.592.00 6Total Estimated Cost (As per Table A)_ 255,57,592.00 255,57,592.00 255,57,592.00 255,57,592.00 Table G Any Comments/ Observations of CA Sr. No. Comments N.A. Date - 04/02/2023 Place Amravati UDIN- 23188677BGWYAX2129 Yours Faithfully, ETAA Shweta A. Rupeja Chartered Accountant M.No.188677 CA Shweta A. Rupeja Agree And Accepted By: DACCO Proprietor M e m . No. 1 8 8 6 7 7 For, Chandak Construction Date- 04/02/2023