KBPS AND CO CHARTERED ACCOUNTANTS Office : Office : 12 P Town Centre, Beside Air India Office, CIDCO, Ch. Sambhajinagar - 431 003 Form - 3 CHARTERED ACCOUNTANT'S CERTIFICATE (To be submitted at the time of Registration of Project and for withdrawal of Money from Designated Account) To, Date: 29/09/2025 THE BUSINESS TRIANGLE, Ground Floor, Shop No-02, CTS 18242, Damyanti Plaza, Opp.Jai Tower, Kokanwadi, Ch. Sambhajinagar, 431001, Maharashtra. Subject: Certificate of Financial Progress of Work of BUSINESS TRIANGLE having MahaRERA Registration Number P51500045725 applied being developed by The BUSINESS TRIANGLE. Sir, This certificate is being issued for RERA compliance for the BUSINESS TRIANGLE having MahaRERA Registration Number P51500045725 applied being developed by BUSINESS TRIANGLE and is based on the records and documents produced before me and explanations provided to me by the management of the promoter as on 31/12/2023 . Table A- Estimated Cost of the Project (at the time of Registration of Project) Estimated Cost Sr. No. Particulars (At the time of registration of project) (1) (2) (3) 1 i Land Cost a Value of the land as ascetained from the Annual Statement of Rates (ASR) 1,08,00,000 Estimated Amount of Premium payable to obtain development rights, FSI, additional FSI, fungible area, b and any other incentive/concession in deficiency under DCR from Local Authority or State 21,83,242 Government/UT Administration or any Statutory Authority c Estimated Acquisition cost of TDR (if any) - Estimated Amounts payable to State Government/UT Administration or competent authority or any other d statutory authority of the State or Central Government, towards stamp duty, transfer charges, registration 6,48,000 fees etc; 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,amount payable to slum dwellers,tenants,apartment owners or appropriate authority or government or concessionaire which are not refundable and so on. (iii) Estimated Cost of ASR linked premium, fees, charges and security deposits or maintenance deposit, or any - amount whatsoever payable to any authorities towards and in project of rehabilitation. (iv) Any other cost including interest estimated on the borrowing done specifically for construction of - rehabilitation component Sub-Total of LAND COST 1,36,31,242 ii Development Cost/ Cost of Construction of Building : - a Estimated Cost of Construction as certified by Engineer 4,50,00,000 b Cost incurred on additional items not included in estimated cost (As per engineer certificate) - Estimated 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 (including water, c electricity, sewerage, drainage, layout roads etc.), absorbed cost (attributable to this project) of machineries and equipment including its hire and maintenance costs, consumables etc. - d Estimated Taxes,Cess,fees,charges,premiums,interest etc. payable to any Statutory Authority. - e Principal sum and Interest payable to financial institutions, scheduled banks, nonbanking financial institution (NBFC) or money lenders on construction funding or money borrowed for construction ; Sub-Total of Development Cost 4,50,00,000 Total cost of the Project (Estimated) 5,86,31,242 * 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) Amount(Rs.) Sr. No. Particulars Incurred (1) (2) (3) 1 Land Cost a Value of the land as ascetained from the Annual Statement of Rates (ASR) 1,08,00,000 Incured Expenditure on Premiums to obtain development rights, FSI, additional FSI, fungible area, and b any other incentive/concession in deficiency under DCR from Local Authority or State Government/UT 21,83,242 Administration or any Statutory Authority c Incurred expenditure for Acquisition of TDR (if any) - Amounts payable to State Government/UT Administration or competent authority or any other statutory d authority of the State or Central Government, towards stamp duty, transfer charges, registration fees etc; 6,48,000 and e Land Premium paid for redevelopment of land owned by public authorities - f Under Rehabilitation Scheme : - (i ) Incurred expenditure for construction cost 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 as verified by the CA. (ii )Incurred expenditure 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 Transit Accommodation, overhead cost,amount paid to slum dwellers, tenants, apartment owners or appropriate authority or government concessionaire which are not refundable and so on. (iii ) Incurred Expenditure towards ASR linked premium, fees, charges - security deposit, or maintenance deposit,or any amount whatsoever - paid to any authorities towards and in project of rehabilitation - (iv) Any other cost including interest incurred on the borrowing - done specifically for construction of rehabilitation component Sub-Total of LAND COST 1,36,31,242 (1) (2) (3) 2 Development Cost/ Cost of Construction : (i) Expenditure for Construction. Minimum of (a) and (b) to be considered 1,08,40,270 (a) Construction cost incurred including site development and infrastructure for the same as certified by Engineer (b) Actual Cost of cnstruction incurred as per the books of accounts as 1,08,40,270 verified by the CA (ii) Cost incurred on additional items not included in estimated cost (As per engineer certificate) - 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 (including water, electricity, sewerage, drainage, layout roads etc.), absorbed cost (attributable to this project) of (iii) 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. 77,45,260.77 (iv) Estimated Taxes,Cess,fees,charges,premiums,interest etc. payable to any Statutory Authority. - (v) incurred expenditure towards Interest to financial institutions, scheduled banks, nonbanking financial institution (NBFC) or money lenders on construction funding or money borrowed for construction ; - Sub-Total of Development Cost: 1,85,85,531 3 Total Cost of the project (Actual incurred as on date of certificate) 3,22,16,773 4 Proportion of the Cost incurred on Land Cost and Construction Cost to the Total Estimated Cost (Table A) 54.95% 5 Amount which can be withdrawn from the Designated Account. 3,22,16,773 6 Less: Amount withdrawn till date of this certificate from the Designated Account 2,33,46,390 7 Net amount which can be withdrawn from the designated Bank Account under 88,70,383 this certificate * Pass through charges or indirect taxes not included in incurred cost of the project. FOR KBPS & Co CHARTERED ACCOUNTANTS (FRN 121529W) Yashodeep Digitally Yashodeep signed by Parasmal Parasmal Bafna Date: 2025.09.29 Bafna 20:39:48 +05'30' CA Yashodeep P Bafna M.NO 154608 PLACE:CHH.SAMBHAJINAGAR DATE: 29/09/2025 UDIN No: 25154608BMIDHS9174 Table C Statement for Calculation of Receivables from the Sales of the Real Estate Project Sold Inventory Unit Consideration as ROWHOUSE Carpet Area (in Received Balance Sr. No. per Agreement /Letter of NO/FLAT sq.mts.) Amount Receivables Allotment (1) NO (3) (4) (5) (6) 1 4 52.79 25,00,000 25,00,000 - 2 5 52.79 25,00,000 25,00,000 - 3 - 4 - 5 - 6 - Total…… 105.58 50,00,000.00 50,00,000.00 - This certificate is being issued for RERA compliance for the BUSINESS TRIANGLE having MahaRERA Registration Number P51500045725 applied being developed by BUSINESS TRIANGLE and is based on the records and documents produced before me and explanations provided to me by the management of the promoter as on 31/12/2023. * Unit consideration as per agreement/letter of allotment and amount received does not include pass through charges and indirect taxes. Unsold Inventory SHOP Total Carpet Area Unit Consideration as Sr. No. NO/OFFICE (in sq.mts.) per Ready Reckoner Rate (1) (2) (3) (4) 1 1 52.79 5,74,303 2 2 52.79 5,74,303 3 3 52.79 5,74,303 4 6 52.79 5,74,303 5 7 52.79 5,74,303 6 101 60.79 5,74,303 7 102 60.79 5,74,303 8 103 60.79 5,74,303 9 104 60.79 5,74,303 10 105 60.79 5,74,303 11 106 60.79 5,74,303 12 107 60.79 5,74,303 13 201 55.69 5,74,303 14 202 55.69 5,74,303 15 203 55.69 5,74,303 16 204 55.69 5,74,303 17 205 55.69 5,74,303 18 206 55.69 5,74,303 19 301 52.03 5,74,303 20 302 52.03 5,74,303 21 303 52.03 5,74,303 22 304 52.03 5,74,303 23 305 52.03 5,74,303 24 306 52.03 5,74,303 25 401 52.03 5,74,303 26 402 52.03 5,74,303 27 403 52.03 5,74,303 28 404 52.03 5,74,303 29 405 52.03 5,74,303 30 406 52.03 5,74,303 31 501 52.03 5,74,303 32 502 52.03 5,74,303 33 503 52.03 5,74,303 34 504 52.03 5,74,303 35 505 52.03 5,74,303 36 506 52.03 5,74,303 Total…… 1,960.16 2,06,74,908.00