JPLANDASSOGIATES
                       CHARTERED ACCOUNTANTS



                                              FORM - 5
                                          iSee Regulation 4l



                       ANNUAL REPORT ON STATEMENT OF ACCOUNTS


To,
 Karda Constructions Limited,
 2nd Floor, Gulmohar Status,
 Dr. Munje Road,
 Samarth Nagar, Above Business Bank,
 Nashik   - 422Q05, Maharashtra.
                                                                                     by Karda
 Subject: Report on Statement of Accounts on project fund utilization and withdrawal
 Constructions Limited for the period from 01-04-2017 to 31-03-2018 with respect
                                                                                 to MahaRERA
 Regn. Number P51600000585

 1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation and
                                                                                  (Regulation and
      Development) Act, 2016 read along with the Maharashtra Real Estate
                                                                              Estate Agents, Rates
      Development)(Registration of Real Estate Projects, Registration of Real
      of lnterest and Disclosures on Website) Rules, 20L7 '

 2. I have obtained all necessary information and explanation from the company, during the
                                                                        purpose of this certificate'
      course of our audit, which in my opinion are necessary for the

 3. I hereby confirm that I have examined the prescribed registers, books and documents' and
                                                                                         period ended
      the relevant records of Karda constructions Limited [Promoter] for the
      31st March 2018 and hereby certify that:
                                                                              project titled "Hari
          i.     M/s. Karda Constructions Limited has completed 33.08% of the
                                                                            No'37/1B and 37lIC',
                 Bhakti" MahaRERA Regn. No. P5l60O0o0585 located at survey
                 Deolali (CB), Nashik, Maharashtra - 422LOI

                 Amount collected during the year for this project is Rs'
                                                                            95'00'000/- and amounts
          ii.
                 collected till date is Rs' 4,23,42,818/-

                 Amount withdrawn during the year for this project is Rs'
                                                                             93'91'239/- and amount
          iii.
                 withdrawn till date isRs' 4,22,34'057I-




HEAD oFFtcE: 251, AWNG, cRouND FLooR, NEw B J MARKET, JALGA'N - 42s001 TEL. oFF: o2sr-22g2262
4' I certify that the M/s' Karda constructions Limited
                                                            [promoter]has utilized the amounts
      collected for "Hari Bhakti" project only for that project
                                                                   and the withdrawal from the
      designated bank account(s) of the said project
                                                      has been in accordance with the proportion
      to the percentage of completion of the project.


      For M/s. Jpt & Associates,
      Chartered Accountants
      Firm Registra[ion No. 132748W

            $


   Partner
  Membership No: 134897


  FullAddress: 251, A Wing, Ground Floor, New B J Market, Jalgaon -
                                                                          4ISOOL
  Contact No.: 0257-2 232262
  E-mail: iplnasik@email.com


  Place: Nashik
  Date: 23 August, 2018


  Notes:

  1. Hari Bhakti Project is registered under MAHA RERA with effect from 1g-07 -ZOL7.
  2.    For purpose of preparation of this certificate, we have verified and taken into
                                                                                          account
        transaction for the period starting from 01-04 -20L7 till 31-03-201g.

 3.     Project completion percentage is calculated on the basis of amount of cost incurred till
        31-03-2018 with the total estimated cost of the project as certified by the management.

 4.     Amount collected during the year represents L}O% of the booking amount received in
        the separate RERA account maintained with the bank.

 5.    Amount collected till the date represents total cumulative booking amount received
       from the commencement of the project till 31-03-201g.

 6.    Amount withdrawn during the year represents total amount withdrawn from the
       separate RERA account maintained with the bank.

 7.    Amount withdrawn till the date represents total cumulative amount withdrawn from
       the commencement of the project till 31-03-2019.