SHIVNANDAN N. KATDARE B.Com.,F.C.A. s. N. KATDARE & CO. CHARTERED ACCO U NTANTS M. No. 35327 Firm Regi. No. 112142W Mobile NO.: 98200 02936 Office Mobile : 98694 24400 /98690 54627 Office: G-9, Bhansall Society, Ground Roor, Office Tel. : 26121789/2611 7392 Behind Siddhachal, Next to Cosmos Bank, E-Mail : snkatdare@yahoo.com I Opp. Parle TUak Engllsf'l Medium School, snkatdareco@gmall.com Hanuman Road, Vile Parle (East). Web Site : snkatdareco.lcai.org.in Mumbai 400 057. FORM-3 [see Regulation 3] CHARTERED ACCOUNTANT'S CERTIFICATE (FOR REGISTRATION OF A PROJECT AND SUBSEQUENT WITHDRAWAL OF MONEY) Cost of Real Estate Project of Luxora Infrastructures Pvt. Ltd. Project Name: "Vista 3B" Sr. No Particulars Amount (Rs.) II Estimated Incurred 1 i LAND COST a 38,356,481 38,356,481 Acquisition Cost of Land or Development Rights,lease Premium, lease rent, interest 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 OCR from local Authority or State Government or any Statutory Authority c Acquisition cost of TOR (if any) d Amounts payable to State Government or competent authority or any other statutory authority of the State or Central 862,747 862,747 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 an encumbrances including cost of removal of legallillegal occupants, cost for providing temporary transit accommodation or rent in lieu of Transit Accommodation, overhead cost iv Cost of ,/\SR 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 39,219,228 39,219,228 Development Costl Cost of Construction : I ii a I Estimated Cost of Construction as certified by Engineer. 269,663,299 48,436,045 ii Actual Cost of construction incurred as per the books of 35,044,088 I accounts as verified by the CA. Note:lfor adding to total cost of construction Incurred Minimum of Ii) or 35,044,088 (ii) 15 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 57,074,591 I 51,858,472 works, cost of services (including water, electriCity, sewerage, drainage,layout roads etc.), cost of machineries and equipment including its hire and mainten- ance costs, I 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 Authority. c Principal sum and Interest payable to financial institutions, scheduled banks, non-banking financial institution (NBFC) or 97,812,725 71,442,757 I money lenders on construction funding or money borrowed for construction; II II I Sub-Total of Development Cost 424,550,615 [ 158,345,317 I 2 Total Estimated Cost of the Real Estate Project 463,769,843 [l(i) + l(ii)] of Estimated Column . 3 Total Cost Incurred of the Real Estate Project [l(i) + 197,564,545 l( li)1 of Incurred Column . 4 % c ompletion of Construction Work (as 17.96% per Project Architect's Certificate) 5 Prop ortion of the Cost incurred on Land Cost and Construction Cost to the 42 .60% Total Estimated Cost. ( 3/2 %) 6 Amount Which can be withdrawn from the Designated Account. 197,564,545 Total Estimated Cost • Proportion of cost Incurred ( Sr. number 2 • Sr. number 5) 7 Less : Amount withdrawn till date of this certificate as per the Books of 25521642.00 Accqunts and Bank Statement. 8 I Net Amount which can be withdrawn from the DeSignated Bank Account 172,042,903 und er this certificate. This certificate Is being issued for RERA compliance for t he Company "LUXORA INFRASTRUCTURE PVT.LTD." and Is based on [the records and documents produced before me and explanations I provided to me by the management of the Company. I Yours Faithfully , FOR S.N.KATDARE & CO. Firm Registration No.112142W Charter ed Accountants ~d rzP ­ /~N~DARE) PLACE : MUMBAI DATE: 27/07/2017 Proprietor Membership No. 35327 (ADDITIONAL INFORMATION FOR ONGOING PROJECTS) 1 Estimated Balance Cost to Complete the Real Estate Project (Difference of " Total Estimated project cost less Cost incurred) (calculated as per the 266,205,298 Form IV) 2 Balance amount of receivables from sold apartments as per Annexure A to this certificate(as certified by Chartered Accountant as verified from the 103,678,950 records and books of Accounts) I 3 i Bala'nce Unsold area (to be certified by Management and to be verified by 4213.20 Sq Mtrs CA from the records and books of accounts) ii Estimated amount of sales proceeds in respect of unsold 147,906,145 apartments (calculated as per ASR multiplied to unsold area as on the date of 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 (ii) 251,585,095 5 Amount to be deposited in Designated Account - 70% or 100% I IF 4 Is greater than 1, then 70 % of the balance receivables of ongoing I project will be deposited in designated Account IF 4 is lesser than 1, then 100% of the of the balance receivables of ongoing project will be depOSited in designated Account 100% I' 1 This certificate is being issued for RERA compliance for the Company "LUXORA INFRASTRUCTURE PVT.LTD." 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 S.N.KATDARE & CO. Firm Registration No.112142W Chartered Accountants ~// ~ PLACE: MUMBAI DATE: 27/07/2017 / i s.N.KATDAREI Proprietor Membership No. 35327 Annexure A Statement for calculation of Receivables from the Sales of the Ongoing Real Estate Project Sold Inventory Sr.No Flat No Carpet area In Consideration Value as per Received Amount Balance Sq Mus Letter of Agreement f Letter of receivable (SALES) Allotment 1 Al302 73.74 5173960 530,331 4,643,629 2 Al303 73.74 4576230 2,142,293 2,433,937 3 Al402 70.68 5173960 I 540,000 4,633,960 4 Al502 74.43 5384500 I 558,000 4,826,500 5 I' Al503 74.43 4654880 540,000 4,114,880 , 6 Al601 87.62 6250840 1,300,000 4,950,840 7 Al602 73.85 4654880 971 ,000 3,683,880 8 A/603 73.85 I 4537510 981,850 3,555,660 9 A/702 73.85 I 4654880 971,000 3,683,880 10 A/703 73.85 4506050 929,970 3,576,080 11 B/404 56.26 4138500 100,000 4,038,500 12 Cf101 74.10 4727440 1,100,000 3,627,440 13 Cf201 70.68 I 4759085 985,131 3,m,954 14 Cf204 70.68 5173960 r 1,127,923 4,046,037 15 C1301 73.74 4352370 2,468,666 1,883,704 16 : Cf302 87.92 5601260 1,213,013 4,388,247 17 Cf304 73.74 4654880 51,000 4,603,880 18 ': Cf401 70.68 4759087 985,131 3,173,956 19 Cf502 88.73 5565760 799,000 4,766,760 20 I Cf503 88.73 5415484 4,334,026 1,081,458 21 Cf504 74.43 5008166 513,338 4,494,828 , 22 Cf601 73.85 4594380 400,000 4,194,380 23 Cf602 87.62 II 5565760 400,000 5,165,760 24 Cf701 I 73.85 5173960 550,000 4,623,960 25 Cf702 87.62 5636760 100,000 5,536,760 26 Cf704 73.85 4506050 929,970 3,576,080 (Unsold Inventory Valuation) Ready Recknor Rate as on the date of Certificate of the Residential/Commercial premises Rs.28750 per sm. SrNo Flat No I Carpet area in Sq Mtrs (As per Unit Consideration RERA) I rate (ASR) as per Ready reckoner Rate 1 All0l 88.401 3,049,835 2 All 02 74.102 2,556,529 3 All03 74.102 2,556,529 4 All 04 88.401 3,049,835 5 Al201 85.004 3,044,418 6 Al202 70.682 2,550,309 7 AI203 70.682 2,550,309 8 Al204 85.004 3,044,418 9 Al301 87.920 3,033,240 , 10 Al304 87.920 3,033,240 11 Al401 84.900 3,040,830 12 Al403 70.682 2,550,309 13 Al404 84.900 I 3,040,830 14 Al501 88.726 3,214,099 1 15 Al504 88.726 3,214,099 16 Al604 87.615 3,173,853 17 Al701 87.615 3,173,853 18 Al704 87.615 3,173,853 19 81101 56.259 2,055,303 20 81102 56.259 2,055,303 21 81103 56.259 2,055,303 22 Bl104 56.259 I 2,055,303 23 B1201 56.259 2,055,303 , 24 81202 56.259 2,055,303 25 8/203 56.259 2,055,303 26 81204 56.259 2,055,303 27 81301 56.259 2,055,303 28 81302 56.259 2,055,303 29 81303 56.259 2,055,303 30 81304 56.259 2,055,303 , 31 81401 56.259 2,055,303 32 81402 56.259 2,055,303 33 BI403 i 56.259 2,055,303 34 I BI501 56.259 2,158,068 35 8/502 56.259 2,158,068 36 81503 II 56.259 2,158,068 37 81504 56.259 2,158,068 38 81601 56.259 2,158,068 'I 2,158,068 39 81602 56.259 40 81603 56.259 2,158,068 41 81604 56.259 2,158,068 42 81701 58.259 2,158,068 43 8n02 56.259 2,158,068 44 8n03 56.259 2,158,068 45 8n04 56.259 2,158,068 46 C/l02 88.401 3,049,835 47 C/l03 88.401 3,049,835 48 C/104 74.102 2,556,529 ' 49 C/202 85.004 3,044,418 50 C/203 85.004 3,044,418 51 C/303 87.920 3,033,240 52 C/402 84.900 3,040,830 53 C/403 84.900 3,040,830 54 C/404 70.682 2,550,309 55 C/501 74.434 2,696,372 56 C/603 87.615 - 3,173,853 57 C/604 73.846 2,675,071 58 Cn03 87.615 3,173,853