Declaration about Separate Bank Account for real estate projects.
                                (On the Letterhead of the promoter)

A. Name of the Promoter Organization : (MHADA) Aurangabad Housing & Area Development
Board, Aurangabad
B. Name of the Project: Proposed construction of 60 L.I.G. T/s Scheme on Plot No. 03, Gut No.
736/Part, Chikalthana, Aurangabad
1. I/ 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. Accordingly, I/we have a separate bank account for this real estate project / phase of real estate project
the particulars whereof are as follows:
Account Name             : MAHARASHTA HOUSING & AREA DEVELOPMENT AUTHORITY
Account Number           : 009340345
Bank Name                : BANK OF MAHARASHTRA
Branch Name              : KRANTI CHOWK, CHHATRAPATI SAMBHAJINAGAR (AURANGABAD)
IFSC Code                : MAHB0000301
3. We hereby confirm that the aforesaid bank account: is Separate Bank Account for our real estate
projects.
a. is a separate bank account, exclusively for depositing seventy per cent of amounts realized for the real
estate project from the allottees, from time to time;
b. is a no-lien account and no loan / charge / encumbrance can be undertaken against the amounts
deposited in this bank account;
c. the amounts in this separate bank account shall be withdrawn and used in consonance and in
compliance with Section 4(2)(1)(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;
d. 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.