Reg-Office:      Flat No. F-1, Anjani Apartment,
                                                              Atrey Layout, Pratap Nagar,
                                                              Nagpur-440022
                                             Contact No.:     0712-2244321
                                             Email ID:        Saraswainfra@gmail.com

                                                                             Date: 20-01-2025

                                   Format ‘A’
         Declaration about Separate Bank Account for real estate projects.

A. Name of the Promoter Organization: SARASWA INFRA

B. Name of the Project: SARASWA PEARL NEST


1. We are aware that as per section 4 (2) (1) (D) of Real Estate (Registration and
   Development) 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. And, I / 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.

3. Accordingly, I / 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: IDBI BANK LTD
                  Branch Name: Trimurti Nagar, Nagpur-440022
                  IFSC Code: IBKL0001034
                  Email ID of Branch Manager: IBKL0001792@idbi.co.in

                                       Table-1
                     Name of Designated Promoter:- Saraswa Infra
    Bank        Saraswa Infra RERA          Saraswa Infra RERA       Saraswa Infra RERA
    Account     Designated     Collection   Designated     Seprate   Designated Transaction
    Type        Bank     Account      for   Bank Account for         Bank     Account   for
                Saraswa Pearl Nest          Saraswa Pearl Nest       Saraswa Pearl Nest

    Account     1034102000008495            1034102000008488         1034102000008471
    No.

4. 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 all other taxes and statutory duties.
   b. I / We have given 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
                                        Reg-Office:      Flat No. F-1, Anjani Apartment,
                                                         Atrey Layout, Pratap Nagar,
                                                         Nagpur-440022
                                        Contact No.:     0712-2244321
                                        Email ID:        Saraswainfra@gmail.com

   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)(I)(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.




                                                             SARASWA INFRA