Plot No, 68, SukrutAPartments, Mobile : 940470370 2, 94059124451 43 APJ & Associates Beside Dr. Rajesh Atal House, E-mail : atulbhaiyya@gmail.com Gandhinagar, Nagpur' 440 01 0 (M,S.) info@caapj.in Chartered Accountants Website :www.caaPj.in Ph.:0712-2222261 FORM.3 [See Regulation 3] CHARTERED ACCOUNTANT'S CERTI FICATE To, Daie:21-03.202ll Mahesh Shankarrao Gulhane Gitai Nagar, Satone Layout, Wardha Project Name: "Ayodhya City" sub: certificate of financial progress of workof "Ayodhya city" having Maharera Regislration No. p5040004g1g0 bcing developed by Mahesh Shankarrao Gulhane. Sir, This certificate is being issued for RERA complaive for the project ,'Ayodhya ,' city having Maharera Registration No. P50400048190 being developed by Mahesh shankarrao Gulhane 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 ,the timo of of tlrp Estinilrsd cr.ist (at tlre tirne oi registration of the project) (3) 1 I Land Cost : a. Value ofthe Land as ascertained from the nnnual statement of Rates (ASR) 7,48,75,051 b" Estimated Amount of premium payable to obtain developmcnt rights, FSl, Additional FSl, fungible area, and any other hcentive / concessi.n in deficiency under DCR from Local Authority or state Government or 6,01.,52-0 any Statutory AutoritV. c. Estimated Acquisition Cost of TDR (if any). d. Estimated Amounts payable to state Government or competent authority or any other statutory authority of the state or central government , toward stamp duty , transfer charges,registration fces 3,91.,140 etc; And. e. Estimated Land premium payable as per annual statement of rates (ASR) for redevelopment of land gwned by public authorities. f. Under Rehabilitation scheme: (i) Estimated construction cost of rehab building including site development and infrastructure for the same as certificd by Irrgineer 6 lsSa))i 5 //< /\ IUAGPUB *l BBAN'CH e '\@ncco$)Z Confidential 21,.03-2024 lrl-- tll itE t:stimatcd Cost towalds cieara'tce r:lrrnbrauccs iitciuding cost crf of land of alltrr atry removal cf legal/illegal occupants' cost ' prov,ciinH tenlpo!'ary transit accommcdation .ln.'roc.iion overtead cost, amount payable or rent in lieu of transit to slurn dwellers' \iE nants, apartment own€rs or appropriate nccssionaire tnrhictr are-r'lot refundable authority an9 so o[- or government or - illr charges and security I i) tsrimatcd Ccst of nsn riiGf'EJffi '-Je"t' payaErle I or any amouni wnatsoever -l :pc,sits or maintenance deposit ' ]T I I , any aL,tt,orltiestoward and in project of rehabilitation ' the borlowing ,) A.y;tl*t"ccst 'mclud'mg'nteles"' etti*ut"d onccmponent' rehab!litation one specif ically for consrruction of .*- | :.=-==:- of LANt'l LU)l t,59,67,7L1 Sub'Total -- 1 ii lDevelo Prgr$s s*t/99s1 jl lclstttll' -l Y i- -.---:;=;G. l;n -:--- L-.-l-, - .,tl,r'ra-tnt C"-.t cf Cons'iiution as certif ied by Engineer' ------- in estimated cost (as 65,00,00c i I b l(-ost incLrrred on aclditionJ6iiot- "I'd"d i:L-+-. i lPer engineqr certif 'e!9] of entire project excluding : i I 'c. lt:stimatcd Ex;e-nJlil;l;: consultants fees' I I i;;, ;;;;rr"struction as per (a) above 'i'e' salaries ' (includine water, I I lil;;;;;s, devetopment works, cost of seryices 2,52,335 i i l",L",o,t^*!verage, drainage'-development layout roads etc)' absorhed cost equrpment includins I i lffi;il;; to tr,is prolectf of machineries and etc' costs' consumables I I l't', n'r. and maintenance L,13,000 Itlt I .. ltistimatt:dr'fEfGGJharges'premi'rms'interestetctoany banks' non-banking nterest paYa blc to ti na nfrlli!ffiiilheduied I funding Lenclers on Construction financial institution (NBFC) or money i or InoneY borrowed lor conttt"t' 69,65,335 I Sub-Total oi 2,27,33,046 I otal Los Pa 21.-03-2024 Confidential Table B - Estimated cost of the the tinre of of the ject) (r hln Arrrount (Rs.) Pa rticula rs /1\ lrrcurrcd (2) (3) 1 Land ost : a. Value of the Land as ascertained from the Annual Statement of Rates 17 ,2:t ,000 (AsR) b. lncurred expenditure on premiums to obtain development rights, FSl, Additional FSl, fungible area, and any other incentive / concession in 6,01,520 deficiency under DCR from Local Authority or State Government or any Statutory Autority. c. lncurred expenditure for Acquisition of TDR (if any). d. Amount paid to state Government or Competent Authority or any other Statutory Authority of the State or Central Government toward 3,9 1 ,'1 40 stamp duty, transfer charges, registration fees etc; and e. Land premium paid for redevelopment of land owned by public authorlties. f Under Rehabilitation scheme: (i) lncurred expenditure for construction of rehab building. Minimurn 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) lncurred expenditure for construction of rchab building as per the books of accounts as verified by the CA. (ii) lncurred expenditure 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, amount paid to slum dwellers, tenants, apartment owners or appropriate authority or government or concessionaire which are not refundable and so on (iii) lncurred expenditure towards ASR linked premium , fees, charges and security deposits or maintenance deposit , or any amount whatsoever paid to any authorities toward and in 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 27,L7,660 2 Development Cost / Cost of Construction: (i) Expenditure for construction. Minimum of (a) and (b) to be considered (a)Construction cost incurred including site developmcnt and ffi nfrastructure for the same as certified by Enginr:er. Confidential 21-03-2024 w.s.? l)age 1 -" fl,,1 nitraf *st of C"nstruction incurred as per the books of accounts as verified bY the CA (ii) C"rt ,*rr*n ,n additional items not included in estimated cost (as pcr engineer ccrtificatc) (i ii) 1."*.d EX1]..d'turc for development of entire project excluding cost of Construction as per (i) above,i.e. salaries, consultants fees, site 6vs1h6ac1s, clcve loltment works, cost of services (including water ' elcctricity,sewcrage, drainagc, layout roads etc), absorbed cost 67,335.00 (attributable to this project) of machineries and equipment including its hire and maintenance costs, consumables etc. All costs incurred to cornplete the construction of the cntire phase of the project registe red. -n.ur*U (iv) lrpcnOiturc towards Taxes , cess, fees , charges,premiums, ntercst ctc to anv Statutory Authority' (") lncurred t:xpcnditLrre towards lnterest to financial institutions, (NBFC) or money schedule d banks, non-banking financial institution l".ende rs on Construction fundinggr money borrowed fo 67,335 Sub-Total of DeveloPment Cost I r^!{l IJlt ^ p*ri.rt lActual incurred as on date of certificate) 27,94,995 72% 4 pruporti* of tf1" Cost Incurred on land Cost and Construction Cost to the 27,84,995 I6 A -1.nr;, r whir:h can be wlthdrawn from the Designated Account A.il;l *ltt',Ora*nJitt Oate of tfris iertificate from the Designated Account 7 ffirawn from the Designated BankAccount 27,84,99s under this certificate Page 2 27-03-2024 Confidential Table C Statement for calculation of Receivables from the sales ofthe Real Estate Project SOLD INVENTORY Unit Consideration as per Carpet Area Balance Sr.no Flat No, Agreement /letter of Received Amount (in sq.mts.) Receivable (1) (21 Allotment (s) (3) (6) (4) NIL (Unsold lnventory) Ready Recknor Rate as on the date of certificate of the Residential premises is Rs.1480/- sq mtrs Unit consideration rs Floor/W Carpet Area (in ir. Nr Plot No. per ready Recl