112M019 https:/IOOin.icai.org/print-ooii'V1891375 MIS TUSHAR PAGAR AND CO. CHARTERED ACCOUNTANTS 1, VAISHALI APPT., OPP. MAYOR'S BUNGLOW, TILAKWADI, NASIK - 422002. PH. - 2577800. E-mail: tusharpagar@gmail.com FORM-3 [ see Regulation 3] (FOR REGISTRATION OF A PROJECT AND SUBSEQUENT WITHDRAWAL OF MONEY) Cost of Real Estate Project Maha-RERA Registration Number P51600017066. Sr. Particulars Estimated Incurred No. (2) Amount Amount (1) (Rs.) ""' ' ~~) J'-' (3) 1 i. Land Cost ... « \..,,...; ( a. Acquisition Cost of Land or De~~~'Ri§flts, lease 10,00,000 10,00,000 Premium, lease rent, ir ~~~ lI:worred or payable on Land Cost al:1d~ga s b. Amm ~"!l~' yaole to obtain development - 0 \( ~5 r' h , ., nal FSI, fungible area, and any other i e nder OCR from Local Authority or State G ernment or any Statutory Authority. e: Acquisition cost of TOR (if any) 1,62,500 1,62,500 d. Amounts payable to State Government or competent 67,275 67,275 authority or any other statutory authority of the State or Central Government, towards stamp duty, transfer charges, registration fees etc; and e. Land Premium payable as per annual statement of - 0 rates (ASR) for redevelopment of land owned by public authorities. f. Under Rehabilitation Scheme: (/) Estimated construction cost of rehab building - - including site development and infrastructure for the same as certified by Engineer. (ii) Actual Cost of construction of rehab building incurred as per the books of accounts as verified - - Note: by the CA. (for total cost of construction incurred, Minimum I of i) or (iJ) is to be considered). I (ii/) 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, (iv) 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. Sub-Total of LAND COST 12,29,775 12,29,775 hltps /looin cai.org/prinl- JdW1 9DEfveiopment Cost! Cost of Construction: 11 a. (I) Estimated Cost of Construction as certified by 33,91,998 - Engineer. - I 1/2GI2019 httPSJ/OOin.iCai.org/print-udi'¥.,lmflfuSHAR PAGAR AND CO. CHARTERED ACCOUNTANTS 1, VAISHALI APPT., OPP. MAYOR'S BUNGLOW, TILAKWADI, NASIK - 422002. PH. - 2577800. E-mail: tusharpagar@gmail.com (if) Actual Cost of construction incurred as per the books of accounts as verified by the CA. 1- 1 42,75,181 Note: ( for adding to total cost of construction incurred, Minimum of (i) or (ii) is to be considered). ! (iii) On-site expenditure for development of entire 3,65,933 3,05,406 project excluding cost of construction as per (i) or (ii) above, i.e. salaries, consultants fees, site overheads, development works, cost of services (including water, electricity, sewerage, drainag~ (:; 6') i~ layout roads etc.), cost of machineries aQ equipment including its hire and costs, consumables etc. All costs ir' c Incurred to cornpls te ~~F;1ti of the entire phase of th.eJ'!{oj~~e s 'ed. b. payme~l,X~:l ~s ,tees, GST, charges, premiums, 1,05,410 30,694 inler~' f>l statutory Authority. ~l~~I'sdm and interest payable to financial - - ~( s utions, scheduled banks, non-banking financial institution (NBFC) or money lenders on construction funding or money borrowed for construction ; Sub-Total of Develo~ment Cost 38,63,341 46,11,281 2. Total Estimated Cost of the Real Estate Project [1 (i) + 1 (ii)] of 50,93,116 Estimated Column. 3. Total Cost Incurred of the Real Estate Project [1(i) + 1(ii)] of 58,41,056 Incurred Column. 4. % completion of Construction Work (as per Project Architect's 85% Certificate) 5. Proportion of the Cost incurred on Land Cost and Construction 114.68 % Cost to the Total Estimated Cost. ( 3/2 %) 6. Amount Which can be withdrawn from the Designated Account. Total Estimated Cost * Proportion of cost incurred 58,40,785 (Sr. number 2 * Sr. number 5) 7. Less: Amount withdrawn till date of this certificate as per the Books of Accounts and Bank Statement. - 8. Net Amount which can be withdrawn from the Designated Bank Account under this certificate. - .. This certificate IS bemg Issued for RERA compliance for the Company Mr. Late Ajay Abaji Chavan through Legal Heir Mrs. Manisha Ajay Chavan for the project of Shree Raj Vihar Apartment at Plot No. 104, S. No. 417/3A, Makhmalabad, Nashik and is based on the records and documents produced before me and explanations provided to me by the management of the Company. FOR MIS TUSHAR PAGAR AND CO. CHARTERED ACCOUNTANTS Place: Nashik 1/1 ( TUSHAR BAJIRAO PAGAR) PARTNER (M. No. 108831) 7I20I2019 https:/ludln.iCal.()(g/prlnt-udiWfrs 'ruSHAR PAGAR AND CO. 3 CHARTERED ACCOUNTANTS 1, VAISHALI APPT., OPP. MAYOR'S BUNGLOW, TILAKWADI, NASIK - 422002. PH. - 2577800. E-mail: tusharpagar@gmail.com ADDITIONAL INFORMATION FOR ONGOING PROJECTS 1 Estimated Balance Cost to Complete the Real Estate Project (Difference of (-)8,28,350 Total Estimated Project cost less Cost incurred) (calculated as per the Form IV 2 Balance amount of receivables from sold apartments as per Annexure A to 5,25,000 this certificate(as certified by Chartered Accountant as verified from the records and books of Accounts 3 (i) Balance Unsold area (to be certified by Management a 168.64 Sq Mtr b CA from the records and books of accounts (ii) Estimated amount of sales proceeds in re e :QS61apartments (calculated as per ASR multiplie to s on the date of 46,37,600 certificate, to be calcula d nd CA)as per Annexure A to this certificate 4 51,62,600 5 AmounWo()\d,p In Designated Account - 70% or 100% IF 4 is greater t'hanJ, tlten 70 % of the balance receivables of ongoing project will 70% be deposited in designated Account IF 4 is lesser than 1, then 100% of the of the balance receivables of ongoing project will be deposited in desi nated Account This certificate is being issued for RERA compliance for the Company Mr. Late Ajay Abaji Chavan through Legal Heir Mrs. Manisha Ajay Chavan for the project of Shree Raj Vihar Apartment at Plot No. 104, S. No. 417/3A Makhmalabad, Nashik and is based on the records and documents produced before me and explanations provided to me by the management of the Company. FOR MIS TUSHAR PAGAR AND CO. CHARTERED ACCOUNTANTS Place: Nashik Date: 19.07.2019 ( TUSHAR BAJIRAO PAGAR) PARTNER (M. No. 108831) httpsJludin.lcal.()(glprint-udir.'1891375 1/1 7I20I2019 https:l/udin.ICai.org/prlnt-udi'l(,1r7§31fuSHAR PAGAR AND CO. CHARTERED ACCOUNTANTS 1, VAISHALI APPT., OPP. MAYOR'S BUNGLOW, TILAKWADI, NASIK - 422002. PH. - 2577800. E-mail: tusharpagar@gmail.com Annexure A. Statement for calculation of Receivable from the Sale of Ongoing Real Estate Project Sold Inventory Sr. Shop I Flat Carpet Area Unit Consideration Balance No. No. (in Sq.Mtr.) as per Agreement I Receivable (1) (2) (3) Letter of Allotment Rs. 4 6 1 Flat No.6 26.36 11000 525000 e .~ s s s.__ per q. r. respec rve y. ,,\~ Sr. ).. iype Carpet Area Unit Consideration as per Estimated ShO~~ No. Flat . (in Sq.Mtr.) (3) Ready Recknor Rate (ASR) (4) Amount Rs. I (1) (2) (5) 1 Flat No 1 1BHK 28.45 27500 782375 2 Flat No 2 18HK 26.36 27500 724900 3 Flat No 3 1BHK 28.55 27500 785125 4 Flat No 5 18HK 29.46 27500 810150 5 Flat No 9 1BHK 26.36 27500 724900 6 Flat No 12 1BHK 29.46 27500 810150 Total 168.64 46,37,600 I, This certificate is being issued for RERA compliance for the Company Mr. Late Ajay Abaji Chavan through Legal Heir Mrs_ Manisha Ajay Chavan for the project of Shree Raj Vihar Apartment at Plot No. 104, S. No. 417/3A Makhmalabad, Nashik and is based on the records and documents produced before me and explanations provided to me by the management of the Company. FOR MIS TUSHAR PAGAR AND CO. CHARTERED ACCOU TANTS Place: Nashik Date: 19.07.2019 ( TUSHAR BAJIRAO PAGAR) PARTNER (M. No. 108831) https:lludln.icai.org/print-udiIY1891375 1/1