Ayush S. Kankariya Chartered Acoountant VIT hostel, 1302, Shantinagat Co Op. Hsg Society. Near Kondhua (/udruk, Pune 41 1048. Mobile 41 94227 01409 Bmait vehkunkarivemailem FORM 3 CHARTERED ACCOUNTANT'S CERTIFICATE 2023 (For Quarterly Update of a Reglstered Project and for withdrawal of Money from Designated Account-June Date: 08-11-20n3 To The Chhoriya Developers And Construction Company. Chhoriya Realty. Office No 401,4th Floor Adinath Shopping Center, Adinath Society. Pune Satara Road, Opp Hotel Panchami, Pune 411037 Subject:Certificate of Financial Progress of Workof Chhoriya Future City -Deoll Wardha Plotting having MahaRERARegistration Number-P50400031119 being developed by Chhoriya Developers And Construction Company, Sir This certificate is being issued for RERA Compliance for the Chhoriya Future City - DeoliWardha Plotting having MahaRERA Reglstration Number-P50400031119 being developed by Chhoriya Developers And Construction Company and is based on the records and documents produced before me and explanations provided to me by the management of the Company. Table A-Estimated Cost of the Project (At the Time of Registration of Project) Sr. Amount (Rs.) Particular No Estimated 1 i. |Land Cost a |Value of the land As ascertained from the Annual Statement of Rates(ASR), 15000000 Estimated Amount of Premium payable to obtain development rights, FSI, b additional FSI,Fungible area and any other incentive/ Concession in deficiency under DCR from Local Authority or State Government or any Statutory Authority. C Estimated Acquisition cost of TDR (if any). Estimated Amounts payable to State Government or competent authority or any d other statutory authority of the State or Central Government, towards stamp duty, 830500 transfer charges, registration fees etc. and Estimated Land Premium payable as per annual statement of rates (ASR) for redevelopment of land owned by public authorities. Under Rehabilitation scheme: Estimatedconstruction cost of rehab building including site development and (i) infrastructure for the same as certified by Engineer. Costtowards clearance of land of all or any encumbrances including cost of removal of legal illegal occupants, cost for providing temporary transit (ΓΌ) accommodation or rent in lieuof Transit Accommodation, overhead cost, amount payable to slum dwellers, tenants, apartment owners or appropriates authority or government or concessionaire which are not refundable and so on. Cost of ASR linked premium, fees, charges and security deposits or maintenance (i) deposit, or any amount whatsoever payable to any authorities towards and in 0 project of rehabilitation. Any other cost including interest estimated on the borrowing done specifically for (iv) construction of rehabilitation component. Sub-Total of LAND COST 15630500 KAN 125968 Development Cost/ Cost of Construction : Estimated Cost of Construction as certified by Engineer 31824411 Cost Incumed on additional items not included in estimated cost (as per engineer |certificate) Estimated expenditure for development of entire project excluding cost of construction as per (i) above, ie salaries, consultants fees, site overheads, C development workS, cOst of services (including water, electricity, sewerage, drainage, layout roads etc. ), absorbed cost (attributable to this project) of machinenies and equipment including its hire and maintenance costs, consumables etc. Estimated Taxes, cess, fees,charges, Premiums, interest etc to any statutory |Authonty |Interest payable to financial institutions, scheduled banks, non-banking financial e institution (NBFC) or money lenders on construction funding or money borrowed |for construction. Sub-Total of Development Cost 31824411 TotalCost of the project (Estimated) 47454911 Table B- Actual Cost Incurred on the project (As on End of Quarter) Sr. Amount (Rs.) No Particular Estimated 1 Land Cost a Value of the land As ascertained from the Annual Statement of Rates(ASR) 15000000 |Incurred Expenditure on Premium to obtain development rights, FSl. additional FSI,Fungible area and any other incentive/ Concession in deficiency under DCR from Local Authority or State Government or any Statutory Authority. Incurred Expenditure for Acquisition cost of TDR (if any) Amounts paid to State Government or competent authority or any other statutory authority of the State or Central Government, towards stamp duty, transfer 630500 charges, registration fees etc. and Land Premium paid for redevelopment of land owned by public authorities. 0 f Under Rehabilitation scheme: () |Incurred Expenditure for construction cost of rehabilitation building. Minimum of (a) or (b) to be Considered a Cost incurred for Construction of rehab Building including site development and Infrastructure for the same as certified by Engineer b Incurred Expenditure for Construction of rehab Building as per the books of accounts as verified by the CA |Incurred Expenditure towards clearance of land of all or any encumbrances including cost of removal of legal/ illegal occupants, cost for providing temporary (i) transit accommodation or rent in lieuof Transit Accommodation, overhead cost amount payable to slum dwellers, tenants, apartment owners or appropriates authority or government or concessionaire which are not refundable and so on. Incurred Expenditure towards ASR linked premium, fees, charges and security (ii) deposits or maintenance deposit, or any amount whatsoever payable to any authorities towards and in project of rehabilitation. Any other cost including interest incurred on the borrowing done specifically for (iv) construction of rehabilitation component. Sub-Totalof LAND COST 15630500 MUSH CH |2 Development Cost/ Cost of Construction : Expenditure for Construction Minimum of (a) and (b) to be Considered a Construction cost incurred including site deveopement and Infrastructure for the |same as certifed by engineer 8274347 b Actual cost of Construction incurred as per books of accounts as verified by the 8842354 CA Cost Incurred on additional items not included in estimated cost (as per engineer certificate). |Incurredexpenditure for development of entire project excluding cost of construction as per (i) above, i.e. salaries, consultants fees, site overheads, development works, cost of services (including water, electricity, sewerage, ii |drainage, layout roads etc.), absorbed cost (attributable to this project) of 50000 machineries and equipment including its hire and maintenance costs, Consumables etc. All cost incurred to complete the constuction of the entire phase |of the project registered Incurred expenditure towards Taxes, cess, fees, charges, Premiums, interest etc. |to any statutory Authority. 0 |Incurred Expenditure towards Interest payable to financial institutions, scheduled banks, non-banking financial institution (NBFC) or money lenders on funding or money borrowed for construction. construction Sub-Total of Development Cost 8892354 3 Total Cost Incurred of Project 24522854 4 Proportion of the Cost incurred on Land Cost and Construction Cost to the Total Estimated Cost. 52% 5 |Amount Which can be withdrawn from the Designated Account. 24522854 6 Less: Amount withdrawn till date of this certificate as per the Books of Accounts and Bank Statement 0 7 Net Amount which can be withdrawn from the Designated Bank Account under this certificate 24522854 SH S KANK M.NO. Table C Statomont for calculation of Rocolvable from tho salo of the ongoing roal Estato projoct Sold inventory unit consideration as per Recelved Balance Sr. no Plot No Area (In sq.mts) Agreement/ letter of Amount Receivable allotment 1 62 96.07 3,78,538 2,01,201 1,77,337 1,89,941 2 63 107.11 4,20,819 2,30,819 3 64 3,91,621 69,800 3,21,821 110.25 4 65 110.25 3,91,621 69,800 3,21,821 5 69 87.86 3,40,459 36,200 3,04,259 6 70 77.00 2,98,375 35,400 2,62,975 1,76,800 7 74 77.00 2,98,375 1,21,575 8 75 87.86 3,40,459 1,97,400 1,43,059 9 83 108.86 4,10,116 50,000 3,60,116 10 84 91.36 3.60,286 3,60,286 11 85 84.00 3,28,676 3,28,676 12 136 105.95 4,44,772 2,75,711 1,69,061 13 142 97.50 3,46,332 75,000 2,71,332 14 143 97.50 3,46,332 75,000 2,71,332 1338.57 50,96,781 21,41,215 29,55,507 2 (Unsold Inventory Valuation) Ready Reckoner Rate as on the date of Certificate of the Residential premises Rs. 670/- per sm. Sr. No. Plot No Carpet Area/ Plot Area Unit Consideration as per 670 per Sq.m (in sq. mts.) Read Reckoner Rate(ASR) 1 211.82 141919 2 2 202.69 135802 3 3 200.02 134013 4 4 204.13 136767 5 5 202.00 135340 6 6 202.38 135595 7 7 206.96 138663 8 93.17 62424 9 94.50 63315 10 10 94.50 63315 11 11 94.50 63315 USH 12 12 94.50 63315 13 13 94.50 63315 422 14 14 15 16 16 17 17 18 18 19 19 20 20 21 21 22 23 24 25 29 30 31 31 32 32 33 34 34 35 35 36 36 37 37 94.50 38 38 94.50 39 33 98.00 40 40 98,00 41 41 98.00 42 43 96.07 44 44 98.00 49 45 98.00 46 46 94.64 SOAN 47 47 84.37 48 84.37 CHAR 49 49 94.64 50 50 98.00 65660 51 51 98.00 65660 52 52 96.07 64367 53 53 96.07 64367 54 54 98.00 65660 55 55 98.00 65660 56 56 94.64 63409 57 57 84.37 56528 58 58 84.37 56528 59 59 94.64 63409 60 60 98.00 65660 61 61 98.00 65660 62 66 110.25 73868 63 67 106.31 71228 64 68 357.85 239760 65 71 161.70 108339 66 72 135.10 90517 67 73 77.00 51590 68 76 87.86 58866 69 77 98.00 65660 70 78 98.00 65660 71 79 99.05 66364 72 80 86.10 57687 73 81 98.00 65660 74 82 98.00 65660 75 86 84.00 56280 76 87 84.00 56280 77 88 84.00 56280 78 89 84.00 56280 79 90 84.00 56280 80 91 84.00 56280 81 92 84.00 56280 82 93 84.00 56280 USH 83 94 84.00 56280 84 85 95 96 84.00 84.00 56280 56280 125968 86 97 84.00 56280 87 98 84.00 56280 88 99 94.86 63556 89 100 94.86 63556 90 101 84.00 56280 91 102 84.00 56280 92 103 84.00 56280 93 104 84.00 56280 94 105 84.00 56280 95 106 84.00 56280 96 107 84.00 56280 97 108 84.00 56280 98 109 96.07 64367 99 110 93.17 62424 100 111 84.00 56280 101 112 84.00 56280 102 113 84.00 56280 103 114 84.00 56280 104 115 84.00 56280 105 116 84.00 56280 106 117 84.00 56280 107 118 84.00 56280 108 119 91.95 61607 109 120 91.95 61607 110 121 84.00 56280 111 122 84.00 56280 112 123 84.00 56280 113 124 84.00 56280 114 125 84.00 56280 115 126 84.00 56280 116 127 84.00 56280 117 128 84.00 56280 118 129 84.00 56280 119 130 84.00 56280 S. KAN 120 131 84.00 56280 121 132 84.00 56280 .NO. 123363 122 133 84.00 56280 123 134 84.00 56280 124 135 88.45 59262 125 137 98.00 65660 126 138 98.00 65660 127 139 91.70 61439 128 140 94.87 63563 129 141 97.50 65325 130 143 97.50 65325 131 144 97.50 65325 132 145 97.50 65325 133 146 97.50 65325 134 147 97.50 65325 135 148 97.50 65325 136 149 95.20 63784 137 150 98.11 65734 138 151 97.50 65325 139 152 97.50 65325 140 153 97.50 65325 141 154 97.50 65325 142 155 97.50 65325 143 156 97.50 65325 144 157 97.50 65325 145 158 94.81 63523 146 159 92.81 62183 147 160 99.90 66933 148 161 98.11 65734 149 162 97.50 65325 150 163 97.50 65325 151 164 97.50 65325 152 165 97.50 65325 153 166 97.50 65325 154 167 97.50 65325 RYUSH 155 168 97.50 65325 156 169 98.11 65734 157 170 98.11 65734 158 171 99.75 66833 159 172 99.75 66833 160 173 99.75 66833 161 174 99.75 66833 162 175 99.75 66833 163 176 99.75 66833 164 177 99.75 66833 165 178 97.19 65117 166 179 92.47 61955 167 180 99.36 66571 168 181 98.11 65734 169 182 99.75 66833 170 183 99.75 66833 171 184 99.75 66833 172 185 99.75 66833 173 186 99.75 66833 174 187 99.75 66833 175 188 99.75 66833 176 189 98.11 65734 177 190 98.00 65660 178 191 84.00 56280 179 192 84.00 56280 180 193 84.00 56280 181 194 84.00 56280 182 195 84.00 56280 183 196 84.00 56280 184 197 84.00 56280 185 198 84.00 56280 186 199 84.00 56280 187 200 84.00 56280 188 201 84.00 56280 189 202 84.00 56280 YUSH 190 203 112.95 75677 191 204 114.17 76494 192 205 84.00 56280 193 206 84.00 56280 194 207 84.00 56280 195 208 84.00 56280 196 209 84.00 56280 197 210 84.00 56280 198 211 84.00 56280 199 212 84.00 56280 200 213 84.00 56280 201 214 84.00 56280 202 215 84.00 56280 203 216 75.00 50250 204 217 86.40 57888 205 218 96.16 64427 206 219 90.30 60501 207 220 90.30 60501 208 221 90.30 60501 209 222 90.30 60501 210 223 90.30 60501 211 224 90.30 60501 212 225 90.30 60501 213 226 90.30 60501 214 227 90.30 60501 215 228 90.30 60501 216 229 114.17 76494 217 230 112.95 75677 218 231 84.00 56280 219 232 84.00 56280 220 233 84.00 56280 221 234 84.00 56280 222 235 84.00 56280 223 236 84.00 56280 224 237 84.00 56280 225 238 84.00 56280 226 239 84.00 56280 MUS!. 227 240 84.00 56280 228 241 99.75 66833 229 242 100.80 67536 230 243 90 30 80501 231 244 90 30 60501 232 245 90.30 60501 233 246 90.30 60501 234 247 90.30 60501 235 248 90 30 60501 236 249 90.30 60501 237 250 90 30 60501 238 251 105 95 70987 239 252 107.17 71804 240 253 84.00 56280 241 254 84.00 56280 242 255 84.00 56280 243 256 84.00 56280 244 257 84.00 56280 245 258 84.00 56280 246 259 84.00 56280 247 260 76.89 51516 248 261 79.06 52970 249 262 73.43 49198 250 263 79.14 53024 251 264 84.00 56280 252 265 84.00 56280 253 266 84.00 56280 254 267 84.00 56280 255 268 84.00 56280 256 269 84.00 56280 257 270 84.00 56280 258 271 86.17 57734 259 272 86.17 57734 260 273 84.00 56280 261 274 84.00 56280 NUS 262 275 84.00 56280 263 276 84.00 56280 264 277 84.00 56280 265 278 84.00 56280 266 279 84,00 56280 267 280 79. 14 53024 268 281 76.56 51295 269 282 70.12 46980 270 283 70.89 47496 271 284 75 00 50250 272 285 75.00 50250 273 286 75.00 50250 274 287 75.00 50250 275 288 75.00 50250 276 289 75.00 50250 277 290 75.00 50250 278 291 76.42 51201 279 292 260.75 174703 280 293 220.15 147501 294 211.87 141953 281 295 203.77 136526 27168.15 1,82,02,661 Total Carpet Area Total Receivable Amount 423908 Table D Comparison between balance cost and Recivables Sr. Particular Amount No Estimated Balance Cost to Complete the Real Estate Project. 23550064 (Difference of Total Estimated Project cost less Cost incurred) |Balance amount of receivables from sold apartments as per 2 |Annexure Ato this certificate 2955507 (as certified by Chartered AccOuntant as verified from the records Jand books of Accounts) Balance Unsold area 3 i. (to be certified by Management and to be verified by CA from there 27168.15 |recordsand books of accounts) Estimated amount of sales proceeds in respect of unsold apartments ii.J (calculated as per ASR multiplied to unsold area as on the date of 18202661 certificate, to be calculated and certified by CA) As per Annexure A |to this certificate 4 Estimated receivables of ongoing project. (Sum of 2 + 3(0)) 21158168 |Amount to be deposited in Designated Account-70% or 100% |IF 4 is greater than1, then 70%of the balance receivables of Ongoing project will be deposited in designated Account 100% 5 IF 4is lesser than1, then 100% of the of the balance receivables of ongoing project will be deposited in designated Account 120038 Table D Doslgnatod Bank Account Detals Designated Bank account Details Actual Amount Til Sr. Particulars Date (from Start of No Bank Account to TIL Date) 1 Opening Balance 21,41,215 2 Deposits 3 Withdrawals 21,41,215 4 Closing Balance specified in the act, collected from allottees of the Ihere by certify that required proportion of money, as Dcsignated RERABank Account. project unit as indicaled in Table C has been deposited in as specified in the Construction Company has utilized thc requiled proportion of money, Ihereby certify that Chhoriya Developers And construction of this project. act, collected from allottees for this project only for land and Table F Means of Finance Estimated (At time of Propsed/Estimat Actual (As on the Registration) ed (As on the end of quarter) Sr. Particulars end of quarter ) No (In Rs) (In Rs.) (Proposed And (In Rs) Indicative) 1,56,30,500 2,45,22,854 1 Own Funds Total Borrowed Funds(secured) 2 -Drawdown availed till Date Total BorrOwed Funds(Unsecured) 3 -Drawdown availed till Date 3,18,24,411 2.35,50,064 4 Customers Receipts used for prOject 4,74,54,911 2,35,50,064 2,45.22,854 5 Total Funds for project 4,74,54,911 4,74,54,911 4,74,54,911 6Total Estimated Cost (As per Table A) Table G Any Comments/Observations of CA 1 2 3 Your's Faithfully, M.4O. KANKA 126033 /Signature Of Chatered Accountant (Name -Ayush S. Kankariya ) Agreed and Accepted By VDIN-23125468 BHA Be V426 Signature of Promoter Name: Anmol K. Chhoriya