the art of beaulilul living space

         Address: House no 866, kumbharpura, panchpaoli road, Nagpur 440017
                Mo.No. :- 8888055515,             mail:-

                                              Format'A'
              Declaration about separate Bank Account for real estate projects.
A.   Name of the Promoter/ Organisation: M/s Ashok Vatika
B.   Name of the Project: ASHOK VATTKA - KANAN
1.   lAffe are aware that as per section 4 (2) (1) (D) of Real Estate (Registration
                                                                                    & Development)
     Act,2016, promoters are required to open separate bank accouni in scheduled
                                                                                        bani to for
     the purpose of depositing seventy percent of realized for the real estate project
                                                                                          from the
     allottees, from time to time.
     Accordingly, l/ We have a separate bank account for this real estate project phase
                                                                                     /       of real
     estate project the particulars whereof are as follows:
      Account Name: M/S ASHOK VATTKA RERA RETF:NTION ACCOUNT
      Account Number: 005905024964
      Bank Name: lGlCl BANK
      Bank Bi"anch: shriram Tourer, Ground Ftoor, s v patet Marg, Near NIT
                                                                           Building, sadar,
      Nagpur,440001.
      IFSC Code: lClC0000059
      We hereby confirm that the aforesaid bank account:
          a) is a separate bank account, exclusively for depositing seventy percent of anrount
              realized for the real estate project from the allotees, from time to time;
          b) is a no-lien account and no loan/ charge / encumbrance can be undertaken against
              the amount dep,15;1u6 in this bank sccount;
          c) the amount in this separate bank accounl shall be withdrawn and used in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 Regulation, the Order as well as the Circulars
                                                                                          of
              MahaRERA and in Cornpliance of Circular N0.39/2021 dated 28.12.2021
                                                                                  read with
              Circular No. 394/2022 dated 17103t2022.;
          d) shall be audited rvithin six months after end of every financial year ancl shall be
              upload on MahaRERA promoter web page the statement of accounts duly certified
              and sigmed by a chartered accountant in practice.




Date:20-12-2023



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