SHAKTI BUILDERS AND DEVELOPERS
     PLOT NO 199, ITWARI MIRCHI BAZAR, MARWADI CHOWK NAGPUR-440002
                                          Format ‘A’
                Declaration about Separate Bank Account for real estate projects.
   A. Name of the Promoter Organisation: SHAKTI BUILDERS AND DEVELOPERS
   B. Name of the Project:_ GALAXY PARK
1.       I/ We are aware that as per section 4 (2) (1) (D) of Real Estate (Registration
andDevelopment) Act, 2016, promoters are required to open a separate account in a scheduled
bank to for the purpose of depositing seventy per cent of the amounts realised for the real estate
project from the allottees, from time to time.

2. Accordingly, I/we have a separate bank account for this real estate project / phase of real
estate project the particulars whereof are as follows:

Account Name: SHAKTI BUILDERS AND DEVELOPERS
Account Number:60423704771
Bank Name: BANK OF MAHARASTRA
Branch Name: MIRCHI BAZAR BRANCH

IFSC Code: MAHB0000526
3. We hereby confirm that the aforesaid bank account:

a. is a separate bank account, exclusively for depositing seventy per cent of amounts realised for
the real estate project from the allottees, from time to time;

b. is a no-lien account and no loan / charge / encumbrance can be undertaken against the
amounts deposited in this bank account;

c. the amounts in this separate bank account shall be withdrawn and used in consonance and in
compliance with Section 4(2)(1)(D) of the Act, Rule 5 of the Rules, Regulation 3 of the
Regulations, the Orders as well as the Circulars of MahaRERA and in compliance of Circular No.
39/2021 dated 28.12.2021 read with Circular No. 39A/2022 dated 17.03.2022;
d. shall be audited within six months after end of every financial year and shall upload on
MahaRERA promoter web page the statements of accounts duly certified and signed by a
chartered accountant in practice.

Date:- 05/07/2023