Office : B-116, First Ftoor, Sonal patace, phadke Road. @ Elaaaa & 0n, Dombivti (Easr) 421 201, Dist iha;e,--" lnolg :241 3OZO,Z47 SSZ4 * M. N;. Email : buntyghaisasggmiit co;' ' rv': weZ 9820529435 CHARTERED ACCOUNTANTS Resi. : Ptot No. 141, Atharv, Gandhr Nagal p & T Colony Road, Dombivli (East) 421 ZO4. FORM.3 [see Regulation 3l [:Ji.}l3[tedatthe.,,,,"o,*"*,".omdesignatedAccount) To, Vinayak Enterprises Badlapur subiect: certificate of Financial Progress of work of having MahaRERA Registration Number p517oo0s6295 being developed by M/s Vinayak Enterprisei for the period Oct_Dec 24 Sir, This certificate is being issued for RERA compliance f3r. th1 New Vanrai parag co. op. Hsg Soc Ltd I having MahaRERA Registration Number P51700056295 being ieveloped by M/s Vinayak onte"rprises and is based on the records and documents produced before me and explanations providei to me by the -"rr.ge-.rt of the company. Table A - Estimated cost ofthe project (at the *me ofRegrstration ofprojectl Estimated Cost (At the time of Reglstratlon of ProJectf Rs. a. Value Of ,h b. Estimated Amount of 34,18,740.OO any other incentive/concession in deficiency under DCR from liillX.-*l1:.aSr9 local Authority or State Government Administration ;;;;-dil;&"ffi;;. cost of TDR (if d. Estimated A- authority or any other statutory authority of the Staie or Central Government, iowards stamp duty, transfer charges, registration fees, etc.; and P",iT","a levelopment of land owned by public authorities. '. Under Rehabilitation Sctreme : (l) Estimated construction cost of rehab b@ infrastructure for the same as certified bv Ensineer. (ti) Estimated Cost towards clearance ot of removal of legal/illegal occupants, cost for providing temporary transit accommodation or rent in lieu of rransit Accommodation, overhead cost, amounts payable to slum dwellers. tenants, apartment owner or appropriate authoritv or government or concessionaire which are not refundable and so on. (ui) Estimated Cost of ASR linked premium, fee";m maintenance deposit, or any amount whatsoever payable to any authorities towards iu) Any other cost including interest ""ti- ronstruction of rehabilitation comDonenr Mls't?37?0 Lreveropment Coat/ Cost of Construction : a. Estlmated Cost of Construction as certified by Engineer 21,26,OO,OOO.O0 b.Costincurredonadditionalitemsnotinc1udedi.,es@ 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) ofmachineries and 24,88,000.00 equipment including its hire and maintenance costs, consumables etc. l. Estimated Taxes, cess, fees, charges, premiums, interest etc. payable to any 44,60,194.00 Statutory Authority e. Interest payable to financial institutions, scheduled banks, non-banking financial institution (NBFC) or money lenders on construction funding or money borrowed for construction Sub-Total of Development Cost 21,95,48.194.OO Total Cost ofthe ProJect lEstimatedl 22,77,66,93'4.00 *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 las on Dete ofCertiflcatet Sr, IYo. Particulars Amount (Rs.f Ineurred 1 Land Cost : a. Value 0f the land as ascertained from the Annual Statement of Rates (ASR). b. Incurred Amount of Premiums to obtain derrelopment rights. FSI. additional FSI, 34,18,740.OO fungible area, and any other incentive / concession in deficiency under DCR from Local Autiority or State Government Administration or any Statutory Authority. c. Incurred Expenditure for Acquisition of TDR (if anv) 48,OO,000.00 d. Amounts paid to State Govemment/UT Administration or competent authority or any other statutory authority of the State or Central Government, towards stamp duty, transfer charges, registration fees, etc.; ard e. 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 bv Ensineer. (b) Incurred Expenditure for construction ofrehabilitation building as per the books of accounts as verified by CA (ii) Incurred Expenditure 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 iieu of Transit Accommodation, overhead cost, amounts paid to slum dwellers. tenants, apartment owners or appropriate authority or government or concessionaire which are not refundable and so on iiii) Incurred Expenditure towards ASR linked premium, fees, charges and security leposits or maintenance deposit, or any amount whatsoever payable to any authorities [owards and in project of rehabilitation. [iu) Any ot-her cost including interest estimated on the borrowing done specifically for sonstruction of rehabilitation component Sub-Total of LAND COST a2,La,740.OO >s T,S,?O)E -..#) 2 DeveloDment Coat/ coat ol uontErucElon; rni-:6rt'n ^f tre cnrsidered the (4 C.r.tr*t-. .ost incurred irrcluding site development and infrastructure for sarne as certified bY Engineer 5,74,O2,OOO.OO of accounts as verified by the (b) Actual Cost of construciiot' i"cutred as per the books CA: (^s Pc jri; Cost l.rcu.red on additional items not included m 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 *oik", of services (including water, electricity' sewerage' drainage' "o"t cost (attributable to this project) of machineries and Lyort .o"a" etc.), absorbed equipment including its hire and maintenance costs, consumables etc' t etc' Payable to 44,60,194.o0 anystatutoryAuthority . t: :t . s' scheduled banks' non-bankingfinancialinstitution(NBFC)ormoneyiendersonconstructionfundingor 6.18,62,194.OO Sub-Total ofDeveroPrc i"t'.lTt"t of th. P""j..t te"t""t l"""ttta * "" a"t" "f t' 7.OO.80,934.OO 3 4 Proportion of the Cost incu iruction Cost to the Total 3o.77"/" Estimated Cost (Table A): qnated Accoun 7,OO,80,934.OO 5 ated Account (RERA o aCCOUnt) : || 7 whic,l, can be withdrawn n from the Designated uan fr;Amo"nt-"t Amo"nt 7,OO,8O,934.OO certificate *Pass through char -^^ ^- i-I;ra^i tavac n^t inalltrled ln lnCUffeo COSL UI Lrrc pluJcrL fi AND \ e F; I; t70' 1ffi / ,/.:s - rrraepfffi-$$f Table C - Statement for calculation ofReceivables from the Sales ofthe Real Estate Project 16.or.2025 Sold Inventorv Unlt Conslderatlon as per Agreement / Letter of Nlotment 1,1 1,1 1 1.00 rough charges and indirect taxes' re (*-\. /S Unsold Inventorv Unit Conslderation Flat No./shop Carpet Area rYpe as per Ready S. No. no (ln.sq.mtrs) Reckoner Rate Ground Floor 1 Shop L 47.98 34,67,515.00 2 Shop 2 4!.25 29,81,138.00 3 Shop 3 54.14 39,12,698.00 4 Shop 4 58.64 42,37,9t3.00 5 Shop 5 60.95 44,04,857.0O 6 Shop 6 62.97 45,50,842.00 7 Shop 7 1,42 16 1,02,73,903.00 1" Floor 1 Shop 101 77.4t 43,08,641.00 2 Shop 102 96.31 53,60,615.00 3 Shop 103 51.86 28.86.528.00 4 Shop 704 52.35 29,13,801.00 5 5hop 105 54.38 30,26,791.00 Shop 106 172.89 1.01,77,988.00 6 2nd Floor 1 Office 20t 81.41 45,31,281.00 2 Offlce 202 96.31 s3,60,61s.00 Office 203 51.85 28,86,s28.00 3 204 52.35 29,13,801.00 4 Office Office 205 144.32 83,03,915,00 5 3'd Floor Flat 301 56.84 2 BHK 41,42,204.00 1 Flat 302 78.54 3 BHK 53,93,344.00 2 Flat 303 57.44 2 BHK 38,06,671.00 3 Flat 304 54.59 2 BHK 36,22,6L9.00 4 5 Flat 305 52.26 2 BHK 33,37,7s2.00 atn Floor Flat 402 18.54 3 BHK 49,07,364.00 6 5 tt Floor 7 Flat 502 78.54 3 BHK 5t,52,732.O0 th 6 Floor Flat 603 57.44 2 BHK 38,06,67 1.00 8 tt Fl, Flat 802 78.54 3 BHK 51,52,732.00 9 Flat 804 54.59 2 BHK 36,83,237.00 10 FIat 80s 52.26 2 BHK 34,94,868.00 11 th 9 Floor 902 18.54 3 BHK 5L,52,732.00 t2 Flat Flat 905 52.26 2 BHK 34,94,868.00 13 th 10 Floor Flat 1002 78.54 3 BHK 57,52,732.00 L4 Flat 1004 54.59 2 BHK 36,83,237.00 15 th 11 Floc Flat 7702 78.54 3 BHK s3,98,100.00 ao tto4 54.59 2 BHK 38,58,630.00 L7 Flat Flat 1105 52.26 2 BHK 36,51,291.00 18 th 12 Floor Flat t202 78.54 3 BHK 53,98,100.00 19 1204 54.59 2 BHK 38,58,630.00 20 Flat 1205 52.26 2 BHK 36,61,291.00 21 Flat th 13 Floc Flat 1301 56.84 2 BHK 39,85,s87.00 22 Flat 1302 78.54 3 BHK 53.98,100.00 23 Flat 1303 57.84 2 BHK 40,16,159.00 24 1304 54.59 2 BHK 38,58,630.00 25 Flat 1305 52.26 2 BHK 36,61,29 1.00 26 Flat 3034.70 L9,72,39,942.O0 ,-fl- Table D - comparison between Balance cost and Receivables Estimated Balance cost to complete the Re"l B"trt. p.oj""t (Diff"r.r". of Total Estimated Project cost less Cost incurred) 15,76,96,000.00 Balance amount of receivables From sold apartments as per Table c of this certificate (as certified by Chartered Accountant as verified from the 45,37,999.00 records and books of Accounts) (i) Balance Unsold area (to be certified by Management and to be verifiJ CA from the records and books of accounts), (ii) Estimated amount of sales proceeds in respect of unsold apartments (calculated as per ASR multiplied to unsord area as on the date of certificate, to be calculated and certified by cA) as per Table c to this 19,72,39,942.OO certificate Estimated receivables of ongoing project. [Sum of 2 + 3(ii))i (To Be Filled for Ongoins Proiects onlv) 20,17 ,77 ,93 1.OO Amount to be deposited in Designated Account - Tooh or looo/o IF 4 is greater than 1, then Tooh of the balance receivables of ongoing project will be deposited in designated Account lF 4 is lesser than 1, then Tooo/o of the balance receivables of ongoing project will be deposited h designated Account Table E - Designated Bank Account Details Designated Bank Account Details s. Actual Amount till No. Particulars Date (From start Of bank account to till datef 1 Opening Balance 2 Deposits ) .) Withdrawals 4 Closing Balance I here by 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 tl.at (Name of Promoter) has utilized the required proportion of money, as specified in Table F - Meana of Finance Estimated* Proposed / (At time of Estlmated Actual Registration) (As on the date (As on the date S. No. Particulars (ln Rs.) Of the of certificate) (proposed and certificate) (ln Rs.) Indicative) (ln Rs.) 1 Own Fund 6,99,18,823.OO 6,99,18,823.OO 6,99,18,823.00 2 Total Borrowed Funds (Secured) Drawdown availed till date J Total Borrowed Funds (Unsecured) Drawdown availed till date 4 Customer Receipts used for Project 15,78,48,111.OO 15,78,48,111.OO 1,62,111.OO 5 Total Funds For proiect 22,77,66,934.OO 22,77,66,934.OO 7,OO,8O,934.OO 6 Iotal Estimated Cost (As Per Table A) 22,77,66,934.OO 22,77,66,934.OO 7,00,8O,934.OO Table G - Any Comments/Obsenrations of CA 1 2 3 4 Yours Faithfully, For Ghaisas & Chartered Accou ere% CA. G Proprietor Agreed and Accepted By Membership No:-173770 For Vinayak Enterprises UDIN :-25 1 737708MKVC25463 FOF W it AYA'( ElrTEBfiFrsEs Partner ,*l*,r* H;ffi*'#:*fiiHil; MN-t73770