RAILOKESH&ASSOCIATES CHARTEREDACCOUNTANTS Add:598,Opp.HotelMeghdoot,CottonMarketSquare,GhatRoad,Nagpur-440018 Mob.No.9372941919 FirmRegNo-017838C Email:-rai_lokesh21@yahoo.co.in FORM-3 (See Regulation 3) CHARTEREDACCOUNTANT'SCERTIFICATE (To be submitted at the time of Registration of Project and for withdrawal of Money from Designated Account) Date: 02/09/2025 To, NANDIISHBUILDERSANDDEVELOPERS Nagpur, MAHARASHTRA, 440034 Subject:CertificateofFinancialProgressofWorkofNANDYASHODAHIGHRRISEhavingMahaRERARegistration Number P50500077325 being developed by NANDIISH BUILDERS AND DEVELOPERS Sir, This certificate is being issued for RERA compliance for the NAND YASHODA HIGHRRISE having MahaRERA Registration Number P50500077325 being developed by NANDIISH BUILDERS AND DEVELOPERS 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 Project (at the time of Registration of Project) Sr. No. Particulars Estimated Cost (AtthetimeofRegistrationof Project) (1) (2) (3) 1 50907000.00 (i) Land Cost (a) Value of the land as ascertained from the Annual Statement of Rates (b)EstimatedAmountof Premium payableto obtaindevelopment rights.FSI,additional FSI,fungible area,and any other incentive/concession in deficiency under DCR from Local Authority or State GovernmentAdministration or any Statutory Authority. (c) Estimated Acquisition cost of TDR (if any). (d) Estimated Amounts payable to State Govenrment/UT Administration or 4093000.00 competent authority of any other statutory authority of the State or Central Government, towards stamp duty, transfer charges,registration fees and (e) Estimated 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. Estimated Cost 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 ,amounts payable to slum dwellers. tenants apartments owners or appropriate authority or government or concessionaire, which are not refundable, and soon. Sr. No. Particulars Estimated Cost (At the time of Registration of Project) iii. Estimated Cost of ASR linked premium, fees, charges and security deposits of maintenance deposit, or any amount whatsoever payable to any authorities towards and in project of rehabilitation. iv. Any other cost including interest estimated the borrowing done specifically for construction of rehabilitation component Sub - Total of Land Cost 55000000.00 2 Development Cost/Cost of Construction of Building 125000000.00 (i). Estimated Expenditure for construction. Minimum of (a) and (b) to be considered (a) Construction cost of construction incurred including site development and infrastructure for the same as certified by the engineer (b) Actual cost of construction incurred as per the books of accounts as verified by the CA (ii) Cost incurred on additional items not included in estimated cost (As per engineer certificate) (iii) Estimated Expenditure for development of entire project excluding cost of 10000000.00 construction as per (i) above,i.e. salaries, consultants fees, site overheads, development works, cost of services (including water, electricity.sewerage, drainage. layout roads etc.),absorbed cost (attributable to this project) of machineries and equipment including its hire and maintenance costs, consumables etc. (iv) Estimated Taxes, cess, fees, charges. premiums, interest etc. payable to 10000000.00 any Statutory Authority. (v) Interest payable to financial institutions,scheduled banks, non-banking financial institution (NBFC) or money lenders on construction funding or money borrowed for construction. Sub-total of Development Cost: 145000000.00 Total Cost of Project (Estimated) 200000000.00 *Pass through charges or indirect taxes not included in estimated cost of project ** Estimated cost shall be revised through correction application. Page 2 of 8 Table B - Actual Cost Incurred on the Project (as on Date of Certificate) S.No Particulars Amount(Rs.) (1) (2) (3) 1 49051000.00 Land Cost (a) Value of the land as ascertained from the Annual Statement of Rates (b) Incurred Expenditure on Premiums to obtain development rights,FSI,additional FSI, 4946491.82 fungible area, and any other incentive/concession in deficiency under DCR from Local Authority or State Government Administration or any Statutory Authority (c) Incurred Expenditure for Acquisition cost of TDR (if any). (d)Amounts paid to State Government/UT Administration or competent authority of any 2576440.00 other statutory authority of the State or Central Government,towards stamp duty, transfer charges,registration fees etc; and (e) Land Premium paid for redevelopment of land owned by public authorities. (f) Under Rehabilitation scheme : i. Incurred Expenditure construction cost 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 lor constnrction of rehab building as per the books of accounts as verified by the CA. ii. Incurred Expenditure Cost 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, amounts payable to slum dwellers,tenants apartment owners or appropriate authority or government or concessionaire, which are not refundable, and so on. iii. Incurred Expenditure Cost of ASR linked premium, fees, charges and security deposits or maintenance deposits, or any amount whatsoever paid to any authorities towards and in project of rehabilitation. iv. Any other cost including interest incurred Expenditure on the borrowing done specifically for construction of rehabilitation component Sub - Total of Land Cost: 56573931.82 2 (i) Expenditure for construction. Minimum of(a) and (b) to be considered 7056982.00 (a) Construction cost incurred including site development and infrastructure for the same as certified by Engineer (b) Actual Cost of construction incurred as pe r the books of accounts as verified by the CA. (ii) Cost incurred on additional items not included in estimated cost (As per engineer certificate) iii) Incurred Expenditure for development of entire project excluding cost of construction as per (i) above, i.e. salaries, consultants fees, site overheads, development works, cost of,services (iucluding water, electricity. sewerage, drainage. layout roads etc.), absorbed cost (attributable to this project) of machineries and equipment including its hire and maintenance costs, consumables etc. All costs incurred to complete the construction of the entire phase of the project registered. (iv) Incurred Expenditure towards taxes, cess, fees, charges, premiums, interest etc. payable to any Statutory Authority. (v) Incurred Expenditure towards Interest to Financial institutions,scheduled banks, non- banking financial institution (NBFC) or money lenders on construction funding or money borrowed for construction. Sub-total of Development Cost: 7056982.00 3 Total Cost of the Project (Actual incurred as on date on certificate) 63630913.82 4 Proportion of the Cost incurred on Land Cost and Construction Cost to the total Estimated 31.82 Cost(Table A). 5 Amount which can be withdrawn from the Designated Account 63630913.82 6 Less: Amount withdrawn till date of this certificate from the Designated Account 31082100.81 7 Net Amount which can be withdrawn front the Designated Bank Account under this 32548813.01 certificate *Pass through charges or indirect taxes not included in incurred cost of the project Page 3 of 8 Table C - Statement for calculation of Receivables from the Sales of the Real Estate Project *Unit Consideration as per agreement/letter of allotment and amount received does not include pass through charges and indirect taxes Unsold Inventory Building Name/ Wing Name: NAND YASHODA HIGHRISE/NA S. No. Flat No Carpet Area (Sq. mts) Unit Consideration as per Ready Reckoner Rate (1) (2) (3) (4) 1 Shop No. 3 16.13 695041.70 2 Shop No. 4 22.61 974264.90 3 Flat No. 101 44.83 1545290.10 4 Flat No. 102 45.66 1573900.20 5 Flat No. 103 45.66 1573900.20 6 Flat No. 104 44.83 1545290.10 7 Flat No. 105 45.66 1573900.20 8 Flat No. 107 28.56 984463.20 9 Flat No. 108 28.56 984463.20 10 Flat No. 109 28.56 984463.20 11 Flat No. 110 28.56 984463.20 12 Flat No. 111 28.56 984463.20 13 Flat No. 112 28.56 984463.20 14 Flat No. 201 44.83 1545290.10 15 Flat No. 202 45.66 1573900.20 16 Flat No. 203 45.66 1573900.20 17 Flat No. 205 45.66 1573900.20 18 Flat No. 207 28.56 984463.20 19 Flat No. 208 28.56 984463.20 20 Flat No. 209 28.56 984463.20 21 Flat No. 210 28.56 984463.20 22 Flat No. 211 28.56 984463.20 23 Flat No. 212 28.56 984463.20 24 Flat No. 301 44.83 1545290.10 25 Flat No. 302 45.66 1573900.20 26 Flat No. 303 45.66 1573900.20 27 Flat No. 305 45.66 1573900.20 28 Flat No. 306 45.66 1573900.20 29 Flat No. 307 28.56 984463.20 30 Flat No. 308 28.56 984463.20 31 Flat No. 309 28.56 984463.20 32 Flat No. 310 28.56 984463.20 33 Flat No. 311 28.56 984463.20 34 Flat No. 312 28.56 984463.20 35 Flat No. 401 44.83 1545290.10 36 Flat No. 402 45.66 1573900.20 37 Flat No. 403 45.66 1573900.20 38 Flat No. 407 28.56 984463.20 39 Flat No. 411 28.56 984463.20 40 Flat No. 412 28.56 984463.20 41 Flat No. 502 45.66 1573900.20 42 Flat No. 504 44.83 1545290.10 43 Flat No. 505 45.66 1573900.20 44 Flat No. 507 28.56 984463.20 45 Flat No. 508 28.56 984463.20 46 Flat No. 509 28.56 984463.20 47 Flat No. 510 28.56 984463.20 Page 4 of 8 S. No. Flat No Carpet Area (Sq. mts) Unit Consideration as per Ready Reckoner Rate 48 Flat No. 511 28.56 984463.20 49 Flat No. 512 28.56 984463.20 50 Flat No. 601 44.83 1545290.10 51 Flat No. 602 45.66 1573900.20 52 Flat No. 604 44.83 1545290.10 53 Flat No. 605 45.66 1573900.20 54 Flat No. 607 28.56 984463.20 55 Flat No. 609 28.56 984463.20 56 Flat No. 610 28.56 984463.20 57 Flat No. 701 44.83 1545290.10 58 Flat No. 702 45.66 1573900.20 59 Flat No. 704 44.83 1545290.10 60 Flat No. 706 45.66 1573900.20 61 Flat No. 708 28.56 984463.20 62 Flat No. 709 28.56 984463.20 63 Flat No. 711 28.56 984463.20 64 Flat No. 801 44.83 1545290.10 65 Flat No. 802 45.66 1573900.20 66 Flat No. 804 44.83 1545290.10 67 Flat No. 805 45.66 1573900.20 68 Flat No. 809 28.56 984463.20 69 Flat No. 810 28.56 984463.20 70 Flat No. 812 28.56 984463.20 71 Flat No. 901 44.83 1545290.10 72 Flat No. 902 45.66 1573900.20 73 Flat No. 903 45.66 1573900.20 74 Flat No. 904 44.83 1545290.10 75 Flat No. 907 28.56 984463.20 76 Flat No. 908 28.56 984463.20 77 Flat No. 910 28.56 984463.20 78 Flat No. 912 28.56 984463.20 79 Shop No. 1 21.85 941516.50 80 Shop No. 2 16.13 695041.70 Total 2851.26 98944258.60 Booked Inventory Building Name/ Wing Name: NAND YASHODA HIGHRISE/NA S. No. Flat No Carpet area(Sq. mts) Unit Consideration as per Received Amount Balance Agreement/Letter of Receivables Allotment* (1) (2) (3) (4) (5) (6) 1 Flat No. 106 45.66 2513600.00 773000.00 1542600.00 2 Flat No. 204 44.83 2635000.00 800000.00 1835000.00 3 Flat No. 206 45.66 2450000.00 600000.00 1850000.00 4 Flat No. 304 44.83 2750000.00 621000.00 2129000.00 5 Flat No. 404 44.83 2500000.00 750000.00 1750000.00 6 Flat No. 405 45.66 2525000.00 650000.00 1875000.00 7 Flat No. 406 45.66 2350000.00 550000.00 1800000.00 8 Flat No. 408 28.56 1659000.00 511000.00 1148000.00 9 Flat No. 409 28.56 1745000.00 372728.00 1372272.00 10 Flat No. 410 28.56 1750000.00 371000.00 1979000.00 11 Flat No. 501 44.83 2710000.00 910000.00 1800000.00 12 Flat No. 503 45.66 2380000.00 601200.00 1778800.00 13 Flat No. 506 45.66 2550000.00 545382.00 2004618.00 14 Flat No. 603 45.66 2250000.00 521000.00 1729000.00 15 Flat No. 606 45.66 2250000.00 756000.00 1994000.00 Page 5 of 8 S. No. Flat No Carpet area(Sq. mts) Unit Consideration as per Received Amount Balance Agreement/Letter of Receivables Allotment* 16 Flat No. 608 28.56 1565000.00 521000.00 1044000.00 17 Flat No. 611 28.56 1565000.00 321000.00 1244000.00 18 Flat No. 612 28.56 1750000.00 446000.00 1304000.00 19 Flat No. 703 45.66 2400000.00 680000.00 1720000.00 20 Flat No. 705 45.66 2250000.00 725000.00 1525000.00 21 Flat No. 707 28.56 1661000.00 500000.00 1161000.00 22 Flat No. 710 28.56 1561000.00 315001.00 1245999.00 23 Flat No. 712 28.56 1561000.00 315002.00 1245998.00 24 Flat No. 803 45.66 2160000.00 720000.00 1440000.00 25 Flat No. 806 45.66 2200000.00 938000.00 1262000.00 26 Flat No. 807 28.56 1600000.00 321000.00 1279000.00 27 Flat No. 808 28.56 1500000.00 221000.00 1279000.00 28 Flat No. 811 28.56 1525000.00 121000.00 1404000.00 29 Flat No. 905 45.66 2175000.00 525000.00 1650000.00 30 Flat No. 906 45.66 2111000.00 621000.00 1490000.00 31 Flat No. 909 28.56 1450000.00 421000.00 1029000.00 32 Flat No. 911 28.56 1540000.00 300000.00 1150000.00 - Total 1218.40 65591600.00 17343313.00 49060287.00 Table D - Comparison between Balance Cost and Receivables Sr. No. Particulars Amount (1) (2) (3) 1 Estimated Balance Cost to Complete the Real Estate Project (Difference of 137943018.00 Total Estimated Project cost less Cost incurred) 2 Balance amount of receivables from sold apartments as per Table C of this 3937210.00 certificate (as certified by Chartered Accountant as verified from the records and books of Accounts) 3 (i) Balance Unsold area (to be certified by Management and to be verified 3996.27 by CA from the records and books of accounts) 4 (ii) Estimated amount of sales proceeds in respect of unsold apartments 221605000.00 (calculated as per ASR multiptied to unsold area as on the date of certificate, to be calculated and certified by CA) as per Table C to this certificate 5 Estimated receivables of ongoing project. [Sum of 2 + 3(ii))] 225542210.00 6 (To Be Filled for Ongoing Projects only) Amount to be deposited in 157879547.00 Designated Account - 70% or 100% IF 4 is greater than 1, then 70% of the balance receivables of ongoing project will be deposited in designated Account IF 4 is lesser than 1, then 100 %; of the balance receivables of ongoing project will be deposited h designated Account. Page 6 of 8 Table E - Designated Bank Account Details S. Particulars Designated Bank Account Details No Account No: 264102000000391 Bank & Branch Name: INDIAN OVERSEAS BANK & HUDKESHWAR NAGPUR IFSC: IOBA0002641 Actual Amount till Date (From start of bank account to till date) 1. Opening Balance 104516.20 2. Deposits 17580888.00 3. Withdrawals 15439358.71 4. Closing balance 2246045.49 I hereby certify that required proportion of money, as specified in the act, collected from allottees of the project unit as indicated in Table C has been deposited in Designated RERA Bank Account NANDIISH BUILDERS AND DEVELOPERS has utilized the required proportion of money, as specified in the act, collected from allottees for this project only for land and construction of this project. Table F - Means of Finance S.No Particulars Estimated Proposed/Estimated Actual (At time of (As on the date (As on the date Registration)(In Rs.) of the cerlificate) of certificate) (Proposed and (In Rs.) (In Rs.) indicative) 1 Own Funds 50000.00 50000.00 50000.00 2. Total Borrowed funds 0.00 0.00 0.00 (Secured) - Drawdown availed till date 3. Total Borrowed Funds 46341000.00 46341000.00 14417299.82 (Unsecured) - Drawdown availed till date 4. Customer Receipts used for 155182931.82 155182931.82 262790.00 project 5. Total Funds for project 201573931.82 201573931.82 14730089.82 6. Total Estimated Cost(As per 201573931.82 201573931.82 14730089.82 Table A) Page 7 of 8 Table G - Any Comments/Observations of CA No record found Yours Faithfully SignatureofCharteredAccountant (UDIN:25421240BMMBQO6980andMembershipNumber:421240) Name : RAI LOKESH &ASSOCIATES Agreed and accepted by: Signature of Promoter: Name: NANDIISH BUILDERS AND DEVELOPERS Date: 02/09/2025