AGRAWAL BIYANI&ASSOCIATES CA CHARTERED ACCOUNTANTS Nead Ofice: Nagpur Branch Office:Gondia Matoshree Apartments, Satnami Nagar, In Front of Lete Hanuman Mandir, Gautam Nagar, Nagpur 440008, MH -India. Bajpayee Ward, Gondia 441601, MH -India. M.:7875321430, E-mail: associatesab@rediffmail.com M.:9325571314,E-mail : mithaleshbharadwaj@gmail.com Annexure D FORM 3 (See Regulation 3) CHARTERED ACCOUNTANT'S CERTIFICATE (On Letter Head) (To be submitted at the time of Registration of the Project and for Withdrawal of Money the from Designated Account) To Date:-27/04/2024 KARMABHOOMI 1 FLOOR, "RAMSONS" 46, HUMPYARD ROAD, DHANTOLI, NAGPUR-440012 Subject: Certificate of Financial Progress of Work of "KARMABHOOMI" having Registration Number P50500055060 (Only Applicable after project MahaRERA KARMABHOOMI Registration) being developed by Sir, This certificate is being issued for RERA compliance the "KARMABHOOMI" having MahaRERA for Registration Number P50500055060 (Only Applicable after project KARMABHOOMI and is based on the records and documents produced Registration) being developed by before me and explanations provided to me by the management of the company 4 BIYAN) &ASS NAGPURD ARTERED ACCoUNT Table A-Estimated Cost of the Project (at the time of Registration of Project) Sr. Particular Estimated Cost (At the No. time of Registration of (2) project) (1) (3) Land Cost 19,27,14,888/ (a) Value of the land as ascertained from the Annual Statement of Rates (ASR). (b) Estimated Amount of Premium Payable to obtain 1,00,00,000/ development right. FSI. additional FSI, fungible area, and any other incentive/ concession in deficiency under DCR from Local Authority or State Government/UT Administration or any Statutory Authority. (c) Estimated Acquisition cost of TDR (if any). NIL (d) Estimated Amount payable to State Government/UT 58,73,540/ Administration or competent authority or any other statutory authority of the State or Central Government, towards stamp duty, transfer charges, registration fees etc; and. (e) Estimated Land Premium Payable as per annual statement NIL of rates (ASR) for redevelopment of land owned by public authorities. (f) Under Rehabilitation Scheme: NIL Estimated construction cost of rehab building including site development and infrastructure for the same as certified by Engineer. Estimated Cost towards clearance of land of all NIL or any encumbrance including cost of removal of legal/illegal occupants, cost for providing temporary transit accommodation or rent in lieu of Transit Accommodation, overhead cost, amount payable to slum dweller, tenants, apartment owners or appropriate authority ir government or concessionaire which are not refundable and so on. Estimated Cost of ASR linked premium fees NIL ,charges and security deposits or maintenance deposit, or any amount whatsoever payable to any authorities towards and in project of rehabilitation. Any other cost including interest estimated on NIL the borrowing done specifically for construction of rehabilitation component. Sub-Total of Land Cost: 20,85,88,428.00 ii. Development Cost/Cost of Construction of Building (a) Estimated Cost of Construction as certified by Engineer 3,75,00,000.00 (b) Cost incurred on additional items not included in estimated NIL Cost(As per engineer certificate) (c) Estimated Expenditure for development of entire project 25,00,000.00 excluding cost of construction as per (i) above, i.e., salaries, BIYAM ATES NAGPUR RTERES 4OCOUN consultants fees, Site overhead, developments work, cost of services (including water, electricity,sewerage, drainage, layout road etc.), absorbed cost (attributable to this project) of machineries and equipment including its hire and maintenance costs, consumable etc. (d) Estimated Taxes, Cess, Fees, Charges, premiums, interest NIL etc. payable to any Statutory Authority. (e) Interest Payable to financial institutions, scheduled banks, NIL non-banking financial institution (NBFC) or money lenders on construction funding or money borrowed for Construction. Total Cost of the project (Estimated) 24,85,88,428.00 Pass through charges or indirect taxes not included in estimated cost of project. Estimated Cost shall be revised through correction application. Table B- Actual Cost Incurred on the Project (as on Date of Certificate) Sr Particular Amount (Rs.) Incurred No. (1 (2) (3) Land Cost 9,63,57,444 v. () Value of the land NIL g) Incurred Expenditure on Premium Payable to obtain development right. FSI, additional FSI,fungible area, and any other incentive/ concession in deficiency under DCR from Local Authority State Government/UT Administration or any Statutory Authority. NIL (h) Incurred Expenditure for Acquisition cost of TDR (if any). () Amount Paid to State Government/UT Administration or 58,73,540/ competent authority or any other statutory authority of the State or Central Government, towards stamp duty, transfer charges, registration fees etc; and. NIL () Land Premium Payable as per annual statement of rates (ASR) for redevelopment of land owned by public authorities. (f) Under Rehabilitation Scheme: NIL i. Incurred Expenditure for construction 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 are verified by CA. Incurred Expenditure towards clearance of land NIL of all or any encumbrance including cost of removal of legal/illegal occupants, cost for providing temporary transit accommodation or rent in lieu of Transit Accommodation , overhead BIYAN)&As NAGPUR RTERED ACCOUN dweller, tenants, cost, amount payable to slum authority i apartment owners or appropriate not which are government or concessionaire refundable and so on. NIL Incurred Expenditure towards ASR linked ii. deposits or premium fees ,charges and security whatsoever maintenance deposit, or any amount and in project payable to any authorities towards of rehabilitation. NIL cost including interest estimated on vi Any other borrowing done specifically for the component. construction of rehabilitation 10,22,30,984.00 Sub-Total of Land Cost: Construction of Building ii. Development Cost/Cost of to be NIL construction Minimum of (a) and (b) () Expenditure for considered including site (a) Construction cost incurred for the same as development and infrastructure certified by Engineer construction incurred as per the (b) Actual Cost of by the CA. books of accounts as verified NIL additional items not included in estimated (ii) Cost incurred on certificate) Cost(As per engineer project NIL for development of entire (ii) Incurred Expenditure per () construction as above, i.e., excluding cost of overhead, developments salaries, consultants fees, Site (including water, electricity, work, cost of services road etc.), absorbed cost sewerage, drainage, layout of machineries and (attributable to this project) costs, maintenance equipment including its hire and consumable etc. NIL towards Taxes, Cess, Fees, Charges, (iv) Incurred Expenditure payable to any Statutory premiums, interest etc. Authority. NIL Payable to financial (v) Incurred Expenditure towards Interest financial non-banking institutions, scheduled banks, construction lenders on institution (NBFC) or money borrowed for Construction. funding or money NIL Sub-Total of Developments Cost: 10,22,30,984.00 incurred as on date of Certificate) Total Cost of Project (Actual 41.12% 3. Land and Construction Cost to 4. Proportion of the Cost incurred on the Total Estimated Cost(Table A) 10,22,30,984.00 from the Designated Account. 5 Amount which can be withdrawn from the NIL till date of this certificate 6. Less :- Amount Withdrawn Designated Account. Bank 10,22,30,984.00 withdrawn from the Designated 7 Net Amount which can be Account under this certificate of project. taxes not included in incurred cost Pass through charges or indirect BIYAN) & AL AS o NAGPUR ACcoUNA RTERED TABLE C the Sales of the Real Estate Project Statement for calculation of Receivables from Sold Inventory Unit Consideration as Received Balance Sr. Flat No. Carpet Area Amount Receivable (in sq.mts.) per Agreement No. /Letter of Allotment (4) (5) (6) (2) (3) (1) -NIL received does not include agreement/letter of allotment and amount *Unit consideration as per indirect taxes. pass through charges and Unsold Inventory Read Reckoner Carpet Area (in Unit Consideration as per Sr. Flat No. Rate(ASR 6000/-) No. sq.mts.) 79,35,600.00 PLOT N0.1 1,322.600 77,85,720.00 1 PLOT NO.2 1,297.620 69,27,840.00 2 PLOT NO.3 1,154.640 68,16,000.00 3 PLOT N0.4 1,136.000 68,21,100.00 PLOT NO.5 1,136.850 99,79,680.00 PLOT N0.6 1,663.280 1,55,01,240.00 6 PLOT NO.7 2,583.540 62,89,680.00 7 PLOT NO.8 1,048.280 44,16,000.00 PLOT NO.9 736.000 9 44,16,000.00 PLOT N0.10 736.000 10 44,16,000.00 PLOT N0.11 736.000 11 44,16,000.00 12 PLOT NO.12 736.000 38,40,000.00 PLOT N0.13 640.000 13 43,58,160.00 PLOT NO.14 726.360 14 48,57,480.00 PLOT N0.15 809.580 15 48,00,000.00 PLOT N0.16 800.000 16 48,00,000.00 PLOT N0.17 800.000 17 1,53,54,780.00 PLOT NO.18 2,559.130 18 73,48,500.00 PLOT NO.19 1,224.750 19 68,75,280.00 PLOT N0.20 1,145.880 20 64,80,420.00 PLOT NO.21 1,080.070 21 51,32,940.00 22 PLOT NO.22 855.490 41,97,600.00 23 PLOT NO.23 699.600 42,41,580.00 24 PLOT NO.24 706.930 42,40,080.00 25 PLOT N0.25 706.680 758.170 45,49,020.00 26 PLOT NO.26 775.620 46,53,720.00 27 PLOT N0.27 PLOT N0.28 1,135.850 68,15,100.00 28 PLOT NO.29 1,026.360 61,58,160.00 29 BIYANI& Ass NAGPUR KRTERED ACCON 43,20,600.00 PLOT NO.30 720.100 43,83,960.00 30 730.660 43,72,200.00 PLOT NO.31 31 PLOT NO.32 728.700 43,47,000.00 32 724.500 PLOT NO.33 43,21,800.00 33 720.300 PLOT NO.34 42,96,000.00 34 716.000 PLOT NO.35 42,69,600.00 35 711.600 PLOT NO.36 42,43,200.00 36 707.200 PLOT NO.37 44,93,940.00 37 748.990 44,83,860.00 PLOT NO.38 38 747.310 42,00,000.00 PLOT NO.39 39 700.000 46,06,200.00 PLOT NO.40 40 767.700 236762040.00 41 PLOT NO.41 39460.34 TABLE D Receivables Balance Cost and Comparison between 14,63,57,444.00 Estate Complete the Real Estimated Balance Cost to Project cost less 1 Total Estimated Project (Difference of NIL Cost incurred ) as from sold apartments Balance amount of receivables certified by Chartered this certificate (as 2 of and books per Table C of from the records Accountant as verified 39460.34 Accounts) certified by Management () Balance Unsold area (to be records and books of 3. verified by CA from the and to be 23,67,62,040.00 accounts) proceeds in respect of Estimated amount of sales multiplied to (ii) (calculated as per ASR unsold apartments date of certificate,to be calculated unsold area as on the per Annexure A to this certificate CA)as and certified by ----NA----- 3(i) ongoing project. Sum of 2 + ---NA--- Estimated receivables of 4 Projects Only) 5 (To be filled for ongoing Designated Account - 70% or in Amount to be deposited % of the balance than 1, then 70 100% IF 4 is greater project will be deposited in receivables of ongoing designated Account the balance 1, then 100% of the of IF 4 is lesser than will be deposited in receivables of ongoing project designated Account a BIYAN AS NAGPUR CcOUNTA iTERED Table E Designated Bank Account Details Sr. Particulars Designated Bank Account No. Details Actual Amount till Date (1-4-24 to 31-3-24) 1 Opening Balance 1,95,397.00 2 Deposits 91,40,001.00 Withdrawals 74,91,868.00 Closing Balance 18,43,530.00 collected from Ihereby certify that the required proportion of money, as specified in the act, deposited in Designated RERA Bank allottees of the project unit as indicated in Table C has been Account. required proportion of money, as Ihereby certify that "KARMABHOOMI" has utilized the project only for land and construction of this specified in the act, collected from allottees for this project. Table F Means of Finance Proposed/Estimated Actual (As of Particulars Estimated* date of (At the time of (As of the date of No. the certificate) certificate) Registration) (In (In Rs.) (In Rs,) Rs.) (proposed and indicative) 10,22,30,984.00 21,10,88,428.00 21,10,88,428.00 1 Own Funds NIL NIL Total Borrowed Funds NIL 2 (Secured) -Drawdown availed till date NIL NIL NIL 3. Total Borrowed Funds (Unecured) -Drawdown availed till date NIL 3,75,00,000.00 3,75,00,000.00 4 Customer Receipts used for Project 24,85,88,428.00 10,22,30,984.00 Total Funds for Project 24,85,88,428.00 5 24,85,88,428.00 24,85,88,428.00 6 Total Estimated Cost (As Per Table A) BIYANI ASS SITES NÀGPUR 1CCoUNTA iTERED Table G Any Comments/observations of CA 1 The actualCost incurred for the project under consideration has been taken as per books of account maintained by the applicant project. Estimated Cost of Construction taken as per engineering certificate i.e.Form-2 Yours Faithfully For Agrawal Biyani&Associates Chartered Accountant FRN: 139105W Ajay Agrawal Agreed and accepted by: PARTNER M.NO. 131699 UDIN:- 24131699BKGVJM1706 SigrátúreofPromoter BIYANI ASSO Name: -M/S KARMABHOOMI +AGRAW Date: -27-04-2024 NAGPUR ARTERED ACcoUNTA