I sft4twJv ftot't{o. | *, \tic.rcoTavtzr, Seqn4Tloor, $uesL f'o-oTernthtca*wsin1 3ocicfl, fV htttcrf otduof*tre'7*ti3*nbf*jinry*r{hvrmlt&nQ,l4*l*r*s[vtta. Email : mak261171@gmail.com / sahkarinfra20@gmail,com, Cell No:{007837007, 7066229498 Reff - Date - Format 'A' Dec|arationaboutRERADesignatedBankAccountsforreaIestateproiects DaIet 26/02/2025 A. Name of the Promoter Organization: M/5 Sahakar JV B. Name of the Project: PMAY(U) - Tisgaon 225 B 1'|/Weareawarethataspersection4(2)(|)(D)ofRealEstate(RegistrationandDeve|opment)Act, ;'separate bank account" in a scheduled bank to for the 2016, promoters are required to Open a project from the purpose of depositing seventy per cent of the amounts realized for the real estate allottees, from time to time. 2. And, f/We are aware that, as per MahaRERA Order No' dated / 12024' Vomoters shall follow the project. procedure for the operation and maintenance of bank accounts for the 3. Accordingly, 1/ we have opened RERA desiSnated bank accounts in a scheduled bank for this real whereof are as follows: estate pro.iJci/ phase of real estate project the particulars Bank Name- Indian Bank Akashwani' Aurangabad - 431001 Branch Name and address- Chetan Trade Center, Jalna Road' IFSC Code of Bank- lDlB000A578 Email id of Branch Manager' A678@indianbank'co'in (For Single Promoter) Table -1 Name of Designated Promoter - M/S Sahakar JV M/S Sahakar JV RERA M/S Sahakar Jv RERA M/S Sahakar JV RERA Bank Account TYPes Designated SeParate Designated Transaction Designated Collection Bank Account For Bank Account For Bank Account For PMAY(U) - Tisgaon PMAY(U) - Tisgaon 225 PMAY(U) - Tisgaon 225 B 225 B B 4,We hereby confirm that- (For Single promoter and for multiple promoters having area share) 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 ether charges excluding all other taxes and statutory duties. b. l/We have given the standing instructions to the bank for auto-sweep transfer facility of not less rnan 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, ?nd 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(2X1)(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 28.72.2O2L read with Circular No. 39A/2O22 dated L7 .03.2022; e. The aforesaid RERA designated bank accounts shall be audited within six months after end of everv financial year and shall upload on MahaRERA promoter web page the statements of accounts duly certified and signed by a chartered accountant in practice (For multiple promoters having revenue share) 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. We have given the standing instructions to the bank for auto-sweep transfer facility to transfer the amount deposited in "RERA Designated Master bank Account" to the "RERA Designated collection bank accounts of each promoter as per their share as mentioned in the contractual or legal arrangements of promoters. c. 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". d. "RERA Designated Separate Bank Accountl' ofthe project is not an escrow account and free from all encumbrances LIEN, loans, and third-party control i.e. lender/bank/ financial institution. e The amounts in the "RERA Designated 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 L7 .03.7022t 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 statements of accounts duly certified and signed by a chartered accountant in practice. Date -2610212025 Sahakar JV Saleem Ahmed Khan