.l-lrd P'l'\ I t^oy ur Office : B-116, First Floor' Sonal Palace' Phadke Road' Dombivti (East) 421 201, Dist' Thane il;;, iqt tozo'247 5524 'i'M' No' :9820529435 @ qfaaao & Qo, CHARTERED ACCOUNTANTS Email : buntYghaisas@gmail'com Resi':PlotNo.141'Atharv,GandhiNagar,P&TColonyRoad, Dombivli (East) 421 204' FORM.3 [see Reguiation 3] CHARTERED ACCOUNTANT'S CERTIFICATE Account ) ( To be submitted at the ti-e ol R.gi"t.atio., or r.oi..t ,.td t* *ithdrawal of Money from designated Date:10.08.2024 To, Virrayak EnterPrises BadlaPur Su!1eqt:CertificateofFinancialProgressofWorkofhavingMahaRERARegistrationNumberP5lT00056295being tl developed by M / s Vinayak Enterprises A?t- ' Tia'l t4 New Vanrai Parag co' op' Hsg soc Ltd I having Srr', Thrs certificate is being rssued for RERA compliance for the p517OOO562gS o.i"S developed by M/s Vinayak Enterprises and is based on the MahaRERA Registration Number of the company' provided to me by the management records and documents produced before me and explanations of Projectf Table A - Estimated cost of the Project (at the time of Registration Estimated Cost (At the time Particulars of Registration of Project| Sr. No, Rs. I i. Land Cost: the Annual Statement of Rates (ASR)' e to obtain development rights' FSI' 34,18,740.00 additional FSI, fungible area. and any other incentive/concession in deficiency under DCR from Local Authority or State Government Administration or any Statutory Authority. 48,00,000.00 c. Estrmated Acquisition cost of TDR (if any) @le to State Government/UT Administration or competent auihority or any other statutory authority ofthe state or central Government, towards stamp duty, transfer charges, registration fees, etc.; and @s per annual statement of rates (ASR) for redevelopment of land owned by public authorities. f. Under Rehabilitation Scheme : (i) Estimated construction cost of rehab building including site development and infrastructure for the same as certified by Engineer. (ir') Estimated 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, amounts payable to slum dwellers. tenants, apartment owner or appropriate authority or government or concesslonaire which are not refundable and so on. irirl nstimatea 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. (iu) Any otl-Ier cost including interest estimated on the borrowing done soecifically for construction of rehabilitation compgnent ffi v\ Sub-Total of LAND COST a2,La,740.OO - \rz I ,0)"; M N0.173770 w ii. Development Cost/ Cost of Construction : a. Estimated Cost of Construction as certified by Ensineer 27.26.OO.OOO.OO b. Cost incurred on additional items not included in estimated cost (As per :ngineer certificate) c. Estimated Expenditure for development of entire project excluding cost of construction as per (i) above, i.e., salaries, consultants fees, site overheads, development works, cost of services (including water, electricity, sewerage, drainage. layout roads etc.), absorbed cost (attributable to this project) of 24,88,000.00 machineries and equipment including its hire and maintenance costs, consumables etc. d. Estimated Taxes, cess, fees, charges, premiums, interest etc. payable to any 44,60,794.OO Statutory Authority e. Interest payable to financial institutions, scheduled banks, non-banking fir-rancial institution (NBFC) or money lenders on construction funding or rnoney borrowed for construction Sub-Total of Development Cost 2L,9s,4A,L94.OO Total Cost of the Project (Estirnatedl 22,77,66,934.OO *Pass Through charges or indirect taxes not included in estimated cost of project **Estimated cost shall be revised through correction application Table B - Actual Cost Incurred on the Project (as on Date ofCertificatel Sr. No. Particulars Amount (Rs.f Incurred 1 Land Cost : a. Value 0f the land as ascertained from the Annual Statement of Rates (ASR). b. Incurred Amount of Premiums to obtain development rights. FSI. additional 34,t8,740.OO FSI, fungible area, and any other incentive / concession in deficiency under DCR from Local Authority or State Government Administration or any Statutory Authority. c. Incurred Expenditure for Acquisition of TDR {if anv) 48,00,000.00 d. Amounts paid to State Government/UT Administration or competent authority or any other statutory authority of the State or Central Government, towards stamp duty, transfer charges, registration fees, etc.; and Land Premium paid for redevelopment of land owned by public authorities. f. Under Rehabilitation Scheme : (i) Incurred expenditure for construction cost of rehabilitation building Minimum of a & b to be considered (a) Cost incurred for construction of rehabilitation building including site development and infrastructure for the same as certified by Engineer. (b) Incurred Expenditure for construction of rehabilitation buitding as per the books of accounts as verified bv CA (li) Incurred Expenditure towards clearance of land of all or any encumbrances including cost of removal of legal/ illegal occuparrts, cost for provrding temporal'y transit accommodation or rent in lieu of Transit Accorrrmodation, overhead cost, amounts paid to slum dwellers. tenants, apartment owners or appropriate authority or government or concessionaire which are not refundable and so on (iii) Incurred Expenditure towards ASR linked premium, fees, charges and security deposits or maintenance deposit, or any arnount whatsoever payable to any authorities towards and in project of rehabilitation. (lu) Any other cost including interest estimated on the borrowing done specifically for consEuction of rehabilitation component Sub-Total of LAND COST 82,18.740.OO M N0.173710 2 Development Cost/ Cost of Constir.tilf (i) E,srimated for Construction - Minimum of (a) & (b) to be considered (a) construction cost incurred including site development and infrastructure for the same as certified by Engineer (b) Actual Cost of construction incurred as per the books of accounts as 2,87,O1,OOO.O0 verified by the CA (ii) Cost incurred on additional items not included i., ""ti-"t"d -"tG" pii :: rgineer certificate) (iii) Incurred Expenditure for development of entire project excluding cost of construction as per (i) above, i.e., salaries, consultants fees, site overheads, development works, cost of services (including water, electricity, sewerage, 24,88,000.00 drainage. layout roads etc.), absorbed cost (attributable to this project) of machineries and equipment including its hire and maintenance costs, consumables etc. (iv) Incurred Expenditure Taxes, cess, fees, charges, p...iu-", i.rt.rart .t, 44,60,194.OO payable to any Statutory Authority (v) Incurred Expenditure towards Interest to Financial instituEonE, scEffiit banks, non-banking financial institution (NBFC) or money lenders on construction funding or money borrowed for construction Sub-Total of Develgpment Cost 3,s6,49,194.OO 3 Total Cost ofthe Projegt (Actual lrr.urrffi 43A,67,934.OO 4 Proportion of the cost incurred on Land cost and construction cost to ttr. Total Estimated Cost (Table A). L9.26/. J Arnount which can be withdrawn from the Designated Account 4,38,67,934.OO 6 Less: Amount withdrawn till date of this certificate from tfre D.srgnated Account (RtrRA account) 1,11,111.OO 7 Net Amount which can be withdrawn n from the Designated g""k A".o,-,.rt r-rnder this certificate 4,37,56,823.00 rougn cnarges or rndrrect taxes not included in incurred cost of the project M $lo,t737io Table c - statement for calculation ofReceivables from the sares ofthe Real Estate project Sold Inventory Unit Consideration as per Agreement / Letter of Allotment 1,11,111.00 1,11,111.OO Unsold Inve4tory S. No. Flat No./shop Carpet Area Unit Consideration no (in.sq.mtrs) Typ. as per Ready Reckoner Rate Ground Floor 1 )n oo l 47.98 ) )nop 2 34,6 7,515.00 41.25 _r_ Shoo 3 54.1,4 4 39,12.698.00 4 58.64 5 Shoo 42,37,9t3.00 5 60.95 6 Shop 6 62.97 Shop 45,s0,842.00 7 742.76 !!;toor 1 Shop 101 77.47 Shop 102 96.31 3 )nop s3,60,515.00 103 51.86 4 )r )()p 104 52.35 5 )nop 29,13,801.00 105 54.38 6 106 L72.89 I dtrts I M N0.173770 1 Office 207 ) 87.41 Off icc j 0lfice s3,60,615.00 203 51.86 4 Offict: 28,86,528.00 lr Office 29.13.801 00 l'd 83,03,915.00 1 FIat 301 2 Flat 2 BHK 4L,42,204.O0 302 78.54 3 Flat 3 BHK 53,93,344.00 303 57.84 4 Flat 2 BHK 38,06,671.00 5 Flat 2 BHK 36,22,679.OO 305 2 BHK 33,37,752.00 4th Floor (; Flat 40) 78.54 3 BHK 5thFl 49,O7,364.00 7 Flat 3 BHK 5 t] llal 603 38,06,671.00 8 th Floo 9 10 Flat 802 I ,sj4 Fta t 804 s1.,52,732.00 54.59 2 BHK Ila t 805 36,83,237.00 gthFl 34,94.868.OO 72 78.54 3 BHK t3 flat 51,,52,732.OO 905 th 34,94,868.00 10 Flr 14 Flat 15 Flat 3 BHK 5L,52,732.00 1004 54.59 't6 2 BH( flat 1005 36,83,237.00 2 BHK 11 rh 34,94,868.00 1/ Flat 'r ll flii 3 BI]K 51 7704 54.59 r!) Fl at 2 BIIK 38,58,630.00 th 2 BHK 36,61,291.00 12 Floor )o Fla t 1,202 78.54 I BHK )1 Flat 53,98,100.00 1204 )) Fl at 1205 2 BHK 38,58,630.00 52.26 2 BHK th 36,61,291.00 )3 Flat 1301 56.84 ?4 Flat 39,86,587.00 1302 78.54 2!, I lat 3 BHK s3,98,100.00 1303 57.84 )6 Ilat 40,16,159.00 1304 )/ Flat 54.59 2 BH( 38,58,630.00 52.26 2 BHK 3085.96 20,O7,?4,87O.OO W M N0. 17377A Table D _ Comparison between Balance Cost and Receivables Particulars Amount 7B3g,gg,ooo 1O,BB,BB9 $i'iIu, o certified by CA) .. O;. Table C to this 20,07,34,g7O .;;';;; 20,7g,23,699 IF 4 is greater tha ffi:.i ff; ;:Jil::ff ff"il:1 re ceivabr s or on goin g p,,,;.. t'*iri o" ; e ll.'4 is lesser than 74,72,76,58g 1,.p:, lXo%of the balance receivirbles of ongoing tld a".urr.rt Table E - Designated Bank Account Details Designated Bank Account Details Actual Amount till Date (From start Of bank account to till date) Withdrawals clusing eaiilIE l#';ilLiTxii3ilffitT?.T:iiJ'ffi'#H?;J,i"r,ir*.s*r3^1y::r,.red i,,#l:T.,I_ff,t;,$#"J*fffrom a,,ottees ffj:ll of ,:":::::*:::",,1:il;;"";;ffJ.Jli,#ll?;ft thc act, collecic.d rhc u.,li"',;.;,;Tffi:,Jil.:f,::;f;Ifi::lT"Hff.,i:: corecied from dlol*^#,nis project only for q-.r ;;;;::;,".," ormoney, as sp lanrt ^^-.....-- .. uction of this project. Table F - Means of Finance (At time of Proposed) Registration) Estimatei (As on the date ActuaI . 0n Rs.J lproposed and Of the (As on the date Indicative) certificate) of certificatet own FGE (ln Rs.) (rn Rs.) ,"rurnffi f:u.t% 1g,4o,lo,I I l.oo Semam; oturo"ti-@ l8,4O,lo,I l l.oo I,rl,1r1.oo 22,77,66,g34.oo 22,77,66,gg4.oo I ts/Observations ofCA 2 3 4 Yours Faithfullv. For Ghaisas & Co. and Accepted By fs:".d aonmflAYAr Ertr{rf,rrls Proprietor Membership No:_lZ3ZZO M N8.173770 Parrner \-, u DIN : _24 17 3770BKFJBR6 I 48 tllTlfD M/5. 6HA ISAS AIW 00MPAI{Y CHARTEiED ACCOUNTANTS 5,r16, Flft5T $toOR, SON,\L PIWE FHae(s ROAo, DoMB|VU (tJ-atr A FRN-t43sAW rrtf{- l7rr70