SIDDHI DEVELOPERS
       1st Floor, Above Latur Urban Bank, Gurukrupa Market, G.G. Road, Nanded - 431601

                                                                         Date: 17/12/2024
                                Format ‘A’
  Declaration about RERA Designated Bank Accounts for real estate projects
A. Name of the Promoter Organization: M/s. Siddhi Developers
B. Name of the Project: Sai Enclave
1. I / We are aware that as per section 4 (2) (I) (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 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: Karur Vysya Bank
   Branch Name and Address: Karur Vysya Bank Ltd, Plot No 01, Balaji Tower,
   Opp Global Hospital, VIP Road, Nanded - 431603
   IFSC Code of Bank: KVBL0002127
   Email id of Branch Manager: nanded@kvbmail.com

                                            Table 1
 Name of Designated Promoter: M/s Siddhi Developers
 Bank        M/s Siddhi          M/s Siddhi                          M/s Siddhi
 Account     Developers RERA     Developers RERA                     Developers RERA
 Type        Designated          Designated                          Designated
             Collection Bank     Separate Bank                       Transaction Bank
             Account for Sai     Account for Sai                     Account for Sai
             Enclave             Enclave                             Enclave
 Account     2127135000004291 2127135000004303                       2127135000004315
 Number
              SIDDHI DEVELOPERS
       1st Floor, Above Latur Urban Bank, Gurukrupa Market, G.G. Road, Nanded - 431601



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 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.




   Date: 17/12/2024                                        M/s. Siddhi Developers