RSPnlAssocrateE Chartered AccovnlanlE Olttce No 48, 5lh floor, bvsrnegg Day, Next to Kotak Bank, Shrr Harr Narayan KuLe Marq, Mumbar Naka, Matoshree Naqar, Nashrk, Maharashtra 422OO2 「 ORM 3 ( See Regul at i on 3) CHARTERED ACCOUNTANT′ S CERTI FI CATE ( TO be Submi t t ed at t he t i me of Regi st r at i on of Pr oi cct and f Or wi t hdr awal of Money f r om Desi gnat ed Account ) Dat e: 11. 04. 2( ) 22 To, Shree Strurartha Buiklcrs Ancl DeveloPers l, Kusuur Plazat Afratt,-,tetrt Wadala Pathardi, Indira Nagar, Opp.Church, Nashik, Maharashtra-422009 Subi eCt : Cer t i f i cat e of Fi nanci al Pr ogr ess of WOr k of Sal mar t h Pl aza APar t I Tl ent havi ng Maha RERA Regi st r at i on Nul l l ber P51600009652 bei ng devel oped by Shr ee Samar t h Bui l der s And l Devel oper s. Si r ′ ´ I｀ hi s cel ・ t i Fi cat t 〕 i s bei nl l i SSt l Ct i f ( ) 1・ RERA c( ) l l l PHanCt 〕 f ( ) r t he Samar t h Pl aza APar t r nent havi ng N4aha RERA Rcgi st l ・ at i ( ) n Nunl b( 〕 r P51600009652 bt 〕 i 118 dcvCI ( ) PCt i b) ′ Shr ce Samar t h Bui l der s And I ) evel oper s and i S bascd on t hc r ecor ds and docunl ent s pr oduced bef or e nl e and exPl anat i ons Pr oVi ded t o nl e by t he l l l anagenl ent of t he Conl Pany・ abl A bl e A‐ Lst i l nat t Es eaed t ´ C ost o f the Prof ect (as on 21 .L2.202L) Particulars Est i mat ed Cost Sr o No. ( As On 21. 12。 2021) I a) Value of the Land as ascertained from the Annual Statement of Rates (ASR) 2′ 230′ 000. 00 b) Estipratecl Anrount of Premium payable to obtain clevelopment rights, FSI, arlditi.larl FSI, fulgible area ancl any other incentive/concession in deficiencv 0. 0( ) Adn'rinistration or uncler DCR irolr Lecal Authority or State Government/UT an\/ Sta ttr tot'\' A u thtlrit\'. 'l'DR (if any) 241′ 5( ) 0. 00 c) Estimatecl Acquisition cost of nl d) Estimatecl Amounts pal,atrle to State Covernnlt'tlt IUT Aclnrinistration Ccntral c()rrpctcnt authoritv,rr,',,,t,othcr st;ttutory authtlritt'tli thc statt'()r fc'cs tltc; atlcl 144′ 920。 ( ) ( ) G.verr11ept, tgwalcls stanrp'r dut\', transfer charges, registratitltr e) Estirnartc,cl Lancl premiunl prayatrle as per annual statenrent of rates (ASR) fol ( ) . 0( redevelopment of land owned by public authorities. ０ Under Rehabilitation scheme: ０ Estimated construction cost of rehab building including site clevelopment ancl infrastructure for the same as certified by Engineer. 0. 00 Estimatecl Cost towards clearance of lancl of all or any encumbrances inclucling cost of removal of legal/illegal occupants, cost for providing ternporary transit accommodation or rent in lieu of Transit Accommoclation, overheacis cost, arlounts payable to slum dwellers, tenants, apartrnent owners or appropriate ().()() authority or governrllent or cottce'ssiottairc which arc not reiunclttble trlrrl s() ()r-1. (iii) Estinratecl Cost of ASR lirrkerl premium, fees, charges arncl securitv tleprosits 9r trttritttenance clepttsit or anv antourlt wltartsoever praVatrle tr-l alty truthrtritics 0. 00 tow,arcls trnrl in prclject of reharbilitatirln. (ir) An.y t-rther cost inclucling interest estinrartecl ou the borrurw,in11 rlorre spr.cific.r[1, 0. 0( ) for construction of rehabili tion c()l'nfr()nent Sub-Total of Land Cost 2′ 616′ 420。 00 Development cost/ cost of construction of Building Estimated Cost of Construction as certified by Engineer. 21′ ( ) 29′ 500. 00 Cost incurred on additional items not included in estimatecl cost (As per Engineer Certificate) Estimated Expenditure for clevelopmetrt of entire project excluciing cost of construction as per (i) attrove, i.e. sa[aries, consultarrts fees, sitc,, overlrea6s, cleve'lop'rtrtetrt works, ctlst of services (irrclurling waltL.r, c",lectricit_v, seweragc, cirainage, layou t roacls etc.), absorberl cost (attribu taLrle to this prroject) of 780′ ( ) ( ) ( ) . 00 rnachineries anc{ equiprrrent inclucling its hire anr'l maintenance cost, i c()nsultrables etc. Estintatetl Taxes, cess, fccs, charges, prelrliunrs, interest etc. payable t9 an_v Sta tu torv A u tlrority. 5′ 000. 00 Interc'st 1'ral'able to [irrarrcial irrstitu tious, .scherlulerl lrarrks, t.l()l-l [-ra.kin1; financial institution (NBFC) or nl()ney le.ntlers on construction fupciirrg ()r ()。 ()() money borrowed for construction. Sub-total of Development Cost: 21′ 814′ 500。 00 Total Cost of the Project (Estimated) 24′ 430′ 920. 00 *Pass through charges or indirect taxes not incluclecl in estinratecl cost of project. **Estinrated cost shall be revised throught correction application. ヘ t 'I"able B - Actual Cost lncurred on the Project (as on 21 .1.2.2021,) Sr. Particulars Actual (Rs.) No. I ncurred 1 lr ,and Cost (a) Value of land as ascertained fronr the Annual Statement ofl I 2,230,000.00 Rates (ASR) I (b) lncurred Expencliture on Premiums to obtain developmentl | rights, FSI, additional FSI, fungible area and any other] incentive/ concession in deficiency under DCII from Local ,rrl Authority or State Government/ UT Administration or any Statutory Authority. (.) Incurred Expenditure for Acquisition of TDR (if any). 247,500.00 I (d) Amounts paid to State Government/ UT Administration or competent authority or any other statuory authority of the I 144,920 oo State or Central Government, towards stamp du$, transfer I charges, registration fees etc; and (e) l,ancl Prenriunr paicl for recler,'elopntelrt of lattcl or'r'ntlcl bt' 0 00l I puLrlic authorities. (0 Under Rehabilitation scheme: i. Incurrecl Expencliture for construction o[ rehatrilitation 0.00 builcling. Minimum of (a) or (b) to be considered (a) Cost Incurreci for consruction of rehab including site 0.00 clevelopprent ancl irrfrastructure for the satlle as certified by Engineer. (b) Incurred Expenditure for construction of rehab building as 0.00 per the books of accounts as verified by the CA. ii. Incurred Expenditure towards clearance of land of all or an) encumbrances including cost of removal of legal/illega occupants, cost for providing ternporary transit accomodatior I or rent in lieu of Transit Accourmodatiott,overhead cost ,, 0.00 auloupts paid to slunt dwellers, tenants, aparturent owners o r appropriate authoritv or governnlent or concessionaire whicl1 art' t-lot t't'[undable ancl so on. Incurrecl Expenclirure tovr,arc-l ASR linked Pl'en'liuttt, fees charges and securih, c-leposits or ulaintenance deposit, or an' 0.00 anrount whatsoer,€.rpaic-l to an,y authorities towards anci it project of rehabilitation. Arr1, other cost i.cludi^g irrterest irrcurred on the borrowi. clope specificaI11, for construction of rehabilitation colllPonent. 2,61,6,420.00 Sub‐ TOt al of Land Cost Development Cost/ Cost of Construction (i) ['.xpencliture for construction. N4ininrunr o[ (a) und (b) to be considerecl 27,029,275.7"1 (a) Construction cosl incu rred incluc-ling site developl]rent anc-l infrastructure for the saltlc, as certifiecl h), th., Itngille.€.r. 21 ,029,2-15.71 (b) Actual Cost of construction incurred as per the books o accounts as verified by the CA. 27,029,215.7"1 (ii) Cost incurred on additional items not includecl in estimatecl cost (Ar per engineer certificate) (iii) Incurred Expenditure for developrnent of entire project excluding cost of construction as per (i) above, i.e. salaries, consultants fees, site overheads, developnrent works, cost o services (including water, electricity, sewerage, cl rainage, lavout roacis etc.) absorbec{ cost (attributahle to this project) of machineries and equipment including its hire ancl praintenance 77 r1,967 .00 costs, consunrables etc. All costs incu rred to conlplete t6e cotrstruction of the errtire phase of the. project registerc,ci. Iflcurrecl llxpe'trcliture' tow'arcJs'['axes, cess, iees, clral.gc.s, premiunls, interest etc. to any statutorv Authoritr,. 5′ 000. 00 Incurred Expendifure towards Interest to Financial institutiorrs, scheduled banks, non-banking financial institution (NBFC) ,. nloney lenders on construction furrding or money borrowecl 0.00 for construction. Sub-Total of Development Cost: 21,909,192.71 Total Cost of tl're Project (Actual incurred as on date of certificate) 24,425,6A2.71 Proportiorr of the Cost incurred on L to the Total Estirrrated Cost (T'able A) Anrount which can be withclraw" f., 24,425,602.77 l-ess: Al"rroutlt w,ithc{rar,r/n till .tii. Designated Accctunt 29,015,427.70 Net Amount which can be withdraw" A/c under this certificate. -3,5gg,g7g.gg *Pass through charges or inclirect taxes not incluciecl in incurrecl cgst of tlre p.ni".r Table C Statement of Calculation of Receivables from the Sales of the Real Estate Project SOLD I NVENTORY Sr Fl at No。 Carpet Area Unit Received Balance No. (in Sq.Mts) Consideration Amount Receivable as per Agreement / Letter of Allotment に) 侶) 0 任) 151 ( 6) Fl at No. 三 1 57. 87 3,242,200.00 3,212,200.00 ９ 一 Fl at No. : 2 49。 12 2,,100,000.00 340,000.00 2,060,000.00 3 Fl at No. : 3 47. 65 2,850,000.00 2,850,000.00 Fl at No. : 4 57。 87 3,275,000.00 3,275,000.00 5 Fl at No。 : 5 57. 87 3,179,850.00 3,179,850.00 6 Fl at No. : 6 49。 12 2,602,600.00 2,602,600.00 7 Fl at No. : 7 47. 65 2,850,000.00 2,850,000.00 8 Fl at No。 : 8 57。 87 2,765,000.00 2,765,000.00 9 Fl at No. : 9 44。 47 3,075,001.00 3,075,001.00 10 Fl at No. 三 10 49。 12 2,500,000.00 2,500,000.00 Fl at No。 三11 47. 65 2,850,000.00 2,825,000.00 25,000.00 フ 一 Fl at No. : 13 44. 47 2,562,750.00 2,562,750.00 13 Fl at No. : 14 49。 12 2,500,000.00 2,500,000.00 14 Fl at No。 : 15 47. 65 2,954,630.00 2,954,630.00 15 Fl at No. : 16 44。 47 2,500,000.00 2,500,000.00 Total 751。 97 42,107,03L.00 40,022,03L.00 2,085,000.00 l----- | ' *Unitconsideration@ofauotmentandamountreceiveddoesnot include pass through charges and indirect taxes' Unsold lnventorY Sr. Uni t Nos。 Carpet Area Units No. (in sQM) Consideration as per ReadY Reckoner Rate { 2) i 3) ( 4} ( 1} Fl at No. : 12 44。 47 2,562,7 50,00 Total 44。 47 2,562,750.00 Table D Comparison between Balance Cost and Receivables Sr. No. Pa rticu !a rs Amount (1) (21 (3) Estimated Balance Cost to Complete the Real Estate Project (Difference of 5′ 317. 29 Total Estimated Project cost less Cost lncurred) Balance amount receivable from sold apartments as per Table C of this 2′ 085′ 000。 00 certificate (as certified by Chartered Accountant as verified from the records and books of Accounts) (i) Balance Unsold area (to be certified by Management and to be verified by 44。 47 CA from the records and books of Accounts) (ii) Estimated amount of sales proceed in respect of unsold apartments 2′ 562′ 750。 00 (calculated as per ASR multiplied to unsold area as on the date of certificate, to be calculated and certified by cA) as per Table c to this certificate 4 Est i mat ed r ecei vabl es of ongoi ng pr oj ect . I Sum Of 2+3( i i ) ] 4′ 647′ 750。 00 (To be Filled for Ongoing projects only) Amount to be deposited in Designated Account - 70% or IOO% lF 4 is greater than 1, thenTo% of the balance receivables of ongoing project will be deposited in designated Account lF 4 is lesser than 1, then 100% of the balance receivables of ongoing project will be deposited in designated Account Table E Designated Bank Account Details Desi gnat ed Bank Account Det a‖ s Uni on Bank of ! ndi a Sr e No Pa rticu la rs A/ c No。 101/ 32867 Act ua: Amount t i ‖ Dat e ( Fr om 26。 07. 2017 t o t i ‖ 21。 12. 2021) １ Opening Balance 一２ 0。 00 Depos its 一３ 17′ 243′ 000。 00 Wi t hdr awal s 15′ 975′ 092. 90 4 Closing Balance 1′ 267′ 907。 10 I hereby certify that required proportion of money, as specified in the act, collected from allottees of the project unit as indicated in Table c has been deposited in Designated RERA Bank Account. I hereby certify that shree samarth Buitders And Developers has utirized the required proportion of money, as specified in the act, collected from allottees for this project only for land and construction of this project. 標、ノ