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                                                                        modernarchdevelopers.nagpur@gmail.com
Modern Arch Developers                                                  Shop no 2, Keshav Smruti, Opp. Canara
                                                                        Bank, Fule lane, Mahal, Nagpur -440032



                                                    Format 'A'

                 Declaration about RERADesignated Bank Accounts for real estate projects

    A. Name of the Promoter Organization: Modern Arch Developers

    B. Name of the Project: Modern Height
       1.   We are aware that as per section 4 (2) () (D) of Real Estate (Registration and

               Development) Act, 2016, promoters are required to Open a "separate bank
            account" in a scheduled bank to for the purpose of depositing seventy per cent
               of the amounts realized for the real estate project from the allottees, from time
               to lime.

       2        And, We are aware that, as per MahaRERA Order No. 56 dated 27/06/2024,
               promoters shall follow the procedure for the operation and maintenance of
               bank accounts for the project.Accordingly, we have opened RERA designated
               bank accounts in a scheduled bank for this real estate project / phase of real
               estate project the particulars whereof are as follows:

               Bank Name- State Bank of India


               Branch Name and address- SME Central Avenue road branch, Brij BhoomiComplex,
               Near Telephone Exchange Square, Central Avenue, Nagpur-440008

                IFSC Code of Bank- SBINO061653

                Email id of Branch Manager- sbi.61653@sbi.co.in
    Table-1.
      Name of Designated Promoter- Rajvaibhav Infra

    Bank              Account)RERA              Designated,RERA           DesignatedRERA           Designated
    Type                     Collection               BankeSeparate Bank Account Transaction               Bank
                             Account                                               Account
      Account Number         43374784068                  42809764705              43374823010
3. We hereby confirm that
         a. The aforesaid RERA designated bank accounts are
                                                                   RERA-designated bank accounts,
               exclusively for depositing all the collections received from the allottees from time
               to time as mentioned in the agreement for sale including
                                                                           parking, amenity and any
               other charges excluding allother taxes and statutory duties.
          b.     We have given the standing instructions to the bank for auto-sweep transfer
         facility of not less than seventy (70%) percent of the amount collected from allottees in
         "RERA Designated Collection Bank Account" to the "RERA Designated Separate Bank
         Account" and not more than thirty (30%) percent of the collected amount to the "RERA
         Designated Transaction Bank Account

      c. "RERA Designated Separate Bank Account" of the project is not an escrow account and
         free from all encumbrances LIEN, loans, and third-party control i.e lender/ bank/ financial
        institution.

      d. The amounts in the "RERA Designated Separate Bank Account" shall be withdrawn and
        used in consonance and in compliance with Section 4(2)(0)(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;
     e. The aforesaid RERA designated bank accounts 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.

      The aforesaid RERA designated bank accounts shall be audited within six months after the
end of every financial year and shall upload on MahaRERA promoter web page the state ments
of accounts duly certified and signed by a chartered accountant in practice.
                                                                                MODERN ARCH DEVELOPERS

      Date- 16/09/2024                                                        Mr. Milind Gore          PARTNER

                                                                              Authorised Signatory