i;1fi l}"J"[,:=3,Il'Hl'?'fi iii'"?ffi
                                                                                                                 :   [ffi H&
@
                                                                 R ::?
                                                                                                                      : +91 8879334484
                         H',AHI:ru?il^le;




                                                              FORM.3
                                                          tsee Regulation 3l
                                                cuaRtpnEo eccoultent's coRrlFtcetp
                                                           project and for withdrawal of Money from designated Account )
       ( To bc submittcd at thc tirne ol Registration of

Date: 31.O3.2025
to,
Jay Ashapura DcveloPers
Dtlnrbivli
                                                                                                   MahaRERA Registration Number
subiccr: ccrrificatc of Financial progress of work of H R HeiEhgts having
pS1ZOOOZOO1 O developed by M/S Jav Ashapura Developers


Sir,
This ccrtificirtc is bcing issur:<l lor RERA compliance for the H
                                                                   R Heights having MahaRERA Registration Number
                                                                      based on the records and documents produced
Apnlied bcing clevelop"ed by M/S Jav Ashapura Developers andtheis Firm'
il6r" ,.,r" arncl cxplanaiions prcxided to me by the management of
                                                                                                          of Project)
                           Table A - Estimated Cost of the Project (at the tlme of Registration
                                                                                                                          Estimated Cost
                                                                                                                          (At the time of
                                                                                                                          Registration of
                                                                                                                            Project) Rs.

                                                           e Annual Statement of Rates (ASR)'

                                                                 ain development rights. FSI. additional FSI,
             fungil>lc arca, anci  any  othcr incentive/concession  t" o:I]::?                from Local
                                   (lov<:rtrmcnt Administration or any  Statutory iil:l-?-".*
                                                                                   Authority'
             Authorit-v rlr Startc

             <:. Ilsti                 sition cost of f
             <l.Esl.imrrtcclAm.,,,.,t*@nt/utAdministrationorcompetent
                                                              Government,
             authority ()r any othcr statutory authority of the Stzrte or Central                      towards
             stamp OLty, tiansfcr charges, registratiou fees' etc'; and
             ffiiyableasperannua1statementofrates(ASR)for
             l'. [.Jnrlr:r [tt:hirlr    ion Schc
             (,) tittt,"rt",t *nstrtr<:titltt ctlst <lf rchab building including site development and
             inl'r'irstrur:tttrc ltrr lllt: sillrl(: ils ccrtified by Engineer'
             @ AiU*rt"cl Cost row(rrdli clearancc of li.rnd of all or any encumbrances including cost of
             removal of legal/illcgal occupants, cost for providing temporary transit accommodation or
             rcnt in lieu o[Transit Accommodat.ion, overhead cost, amounts p.ryable to slum                                    fi-l
             tcrlilltts, apartment owncr or appropriate authority or government or concessionaire wh                         ,YtSo,
     (iii) Dstinrrrtccl Cost ol'ASR linkcd prcmium, fces, chargcs and securitydeposits or
     rttitittlr:tlitl.tCC rlcl:tlsil, or any irmount rvhatsoevcr payablc to any authorities towards and in

     (ru) An,v otltcr cost incluclirrg iutcrcst estimatcd on the borrowing clone specifically for
     :onslrtt ction tiI rclrrrI tiI itlr t ion <:or.nrl<lr-rcrr
     Sub-Total of LAND COST

               Dcvelopmcnt Cost/ Cost of Construction :
        Iir;l inri r I t.<i Cltsl rrl' ( lrrrsl nt t:t ion irs t_-t.rl.i iicd by Encincc.r
    r). uosl lllctll'l'('(l oll ir(l(llllollill ltems not includcd in estimated
                                                                                              cost (As perengincer
    r:ct't il)clrtc)
    c. Dstirtrirtcrl Expcntlitrlrc
                            sularie.s, consulrants fees, site overheads, development works, cost
   f]:..f:9,11]r:vcr.i.e.,
   scrvit-'t:s (including \viltc.r, clcctricity, sewerage,
                                                                                                    of
                                                           drainage. layout roads etc.), absorbed cost                               l,g2,96,4go
                           px,jcct) oJmachineries and equiprient i'cluding
   S:*::l::j:.1,^:,]l-                                                           its hire                           and


   t:. [,tcrcst p,,yt
  institr'ttiotr (NBFC) or rnon<:y lenders
                                           on constructio, funding or money borro,"ved for
  construction
  Sub-Total of Deve           ent Cost

  *lirss. Tlrrtru*tr
                         ctr,,
  **Dslirnatcd                                                                                              ol pro.iect
                       c.st shiril r:c rcvisccl through correctio, application

                        Table B - Actuar cost Incurred on the project
                                                                                             (as on Date of certificate)

                                                                                                                                 Amount (Rs.)
  Land Cost :
  a. Valuc 0f th. lund

 b. Incurrcd Amoultt ,
 arca, and any othcr inccntive
                                   / concession in deficiencv        DCR frn-
                                                         iency under DCp             a.-.r- ,l
                                                                              r ^^^r Auihoriit;;
                                                                         from Local
                           inistration o
 r:. Inr:urrcd Dxpenditrrrc loi       isition oITDR (if anv
 rl. Arrr,u'rts n,,i.i

 :f,il:;;]i:'l:lli}:T,:i]']ii:j'll|t:j'#te or centrar Government, in*I.a" stamp duiy, transrer
  :. [.;rrrrl Prcrnitrm p:riil {irr       mentof lanclorur@
 f. Un<tcr    Rchibiliraililr Schcmc :

 il;ruffPcndittrrc..
 l:tl :l1:i,ill:;:,Ti iil:' ffi l:::,


(ir) lncurrcrl Cxp"riifir rrrc t,)wa(

                  /                           o" ro' pio,ia i,, g1 po r,rv tran r
:::l-H;illi1i#;li
              rc.r i'l' ;:3
acc,mmrirarir.rn        rieu :."::.::.: l': :
                             urrro,.,riin""-o*;;r*;:';"";:ii::T:y",,::H;Lr,_
                                                                  "L                                           si
                         'r                                                                                            paid to
mffHil;Ar;ffi
         iliff ';: til' ffl I', I::i:, "'j
(iri) Irrt:urr.r;rl
                                                                   ap p ro p riar e a' t h o rity
                                                                                                    o   r sov ernmen t or

ot' nriritrtt:rrirrrt:c Clc,posj1, or (.rny
 tr rrroir,r'l ol' rchirllili
                                                          ':::f:lti:'"
                                            llllogllt wltiltsocvcr piryublc to ilny
                                                                                    authoritics torvarcis and
(ir,,) nni   orl[ii6si1 rr,@
r'on st ruct ior r of rclrirlril j I lt ion                                            orving cloneSEi
                                              componcltt
sub-rotal oflffib-dbST
        2       Dcvclopment Cost/ Cost of Construction :
                i) [,)sri.rrrtr:rl li,r C,,
                  il)C()l1Strll(:tl()l1Cl()stttrr:ttrrcclri1
                  ts ct:rt.i[ictl llv Dngirrr.t.r

            rru, r\u{trtu ul,nt t,r t(,ilsttuct'ton llrcurrco ils Der lne books ol accounts as verified by the CA

            lccrl ilit'r rlc)
            I



                liii) lrrt'rrlrctl [lxlrctttlitttrc ftlr tlcvclopmcnl of cntire projcct excluding cost o[ construction as
                Pct' (i) itlrolc. i.c., sillrrricrs, consultants lces, orrahaods, development r,vorks, cost of
            st'n'iccs (includirrg \\rirtc.r, clcctricity, serverage,
                                                                  "itadrainage.
                                                                                layout roads etc.), absorbed cost
            (ttt'ibut.blc to this pr<rjcct) olrnachineries and
                                                                       equipment including its hire and
            rtritintcttitrtcc costs, consumables etc.
            litl
            tri, lrr,-r,*.,.,1
                  rrr\ (..rr\r    E
                                  L^lrull(   taxes, cess, iees, charges, premiums, interest etc, payable to any
            St rrt rr I 0r'r.,\rrtlrrlrit t.
            lll     l rr,."-'-,..1   n-,.--.--
                                           -r
                                                    rowards tnrcrcst to Financial instirutions, schedulcd banks, non-
                i..;::.:::;.:.-:^1,:,:.,,u.rfc
            i.t)illlltll'lg ltttilt'tcial ittstituliou (NBFC) or money
                                                                          lenders on construction funding or money
            llorrorvcd lor const ru ction
            Srrh-Tntrt ^f na
                          vv v LruPrlrrrrL uosE
                                                                                                                              1,97,1O,0o0
   \'       Tnf
            -vrqr ve-L ur Luc                    rroJecE lActual Incurred as on date ofcertificate)
                                                                                                                              2,5O,92,29s
   4
            -Pr.p.rti.r.r ut rtr"
            Cost (Tirl;lt: A).
       5    Atttounl u'hir:h                                                                                                       33.420/o
                                                     !,.L.rsrqvvrr rrvrrr Lrrs uEJrBlIaLcu Account
       ()                                                                                                                     2,5O,92,29s
            -Lcss: Amount rvithdra,,l,n till date of this certificate from the f)csiinorerr A
       7                                   rcn ciln Dc wlthdrawn n from the Designated Bank Account
            ccrtificate
                                                                                                      u"a.r trri.
 P;r            rnt r rrh nh a                                                                                                2,50,92,295
"'E.tirra,,t,,,1 .lii



            -
                                                                             -




                                                                                                          .-qI
                                                                                                          sl    IV1RN \Y
                                                                                                              -.-rr11l12 lt


                                                                                                           w,




                                                                                                          -;^=V
                 Table C - stntcment for calculation of Receivables from the Sales of the Real Estate project

 Sold Inventorv


                                                Carpct Arca         Unit Consideratlon
   S. No.                   Flnt No.                               os per Agrecment /             Recelved Amount         Balance
                                                (in.sq.mtrsl                                                            Receivables
                                                                   Lctter of Allotement
             t           l"litt Nrr lO      I           29.3,9     Allott:rl 1'o l,rrrxkrwrur
            ')           I,'lrrt No lO-?                29.50      Allotcrt To Lirndorvner
                         lrlirt No l{).1                2()..!15   Allotcd To Lanrlowncr
        .l               I;Lrt No ilO12                 2t).50     Allotcd To Leindowner
        5                l.'krt No 4O3                  2e.85      Allotcd To Landorvner
        (r               Irkrt No 4O2                   29.50      Alloted To LandownE
                         Ii'lat Noir05                  29.85      Allotcd To Landowner
    l{                   I.'Lrt No 7Ol                  2q.3rl     Allotcd To Landowner
    ()
                         Fllt No .50 I                  29.38      Alloted To Landorvner
    I
                                                        29.38                     34,00,000                3,40,000          30,60,000
            I            I.-1,,r NL. a/\.
                                                        :2y.65                   31,50,000                 3,15,000          28,35,000



  Note Nil unit consideration are the flats alloted to Land owners in
                     agriment frcc of cost                                                      line with development

Unsold Inventorv


                                                Carpet Area        Unit Consideration
  S. No.                  Flat No.
                                                (in.sq,mtrs)          as per Ready
        I                Shop No 01                     10.91                    8,22,O47
    2                    Shop No 02                     14.07                   10,60,146
                         Shol: No 03                    14.A7                   10,60,146
    4                    Shop No 04                    io.1B                     7.67 r]|4?,
    5                    Shop No 0.5                   14.78                   1 1, 13,643
    ()                  Flat No 201                    29.38                   ), 1? 7cd
                        Flat No 202                    29.50                   22,22,766
    B                   Flat No 203                    29.8s                   22,49,t38
    9            |      Flat No 4Ol                    29.38                   22,13,724
   l(J           I      FIat Nrr 502                   29.50                   22,22,766
   II            I      FIat No 503                    29.85                   22,49,t38
   L2            I      FLrt No b0 I                   29.38                   22,1"3,724
   l:,           I     'Flat No (i02                   29.so                   22,22,766
   l+                   I"lat No 702                   29.50                   22,22,766
   15            |      Rtat No 703                    29,85                   22,49,139
                                                     359.70                z,7l,ozf,Fd




                                                                                                                J9
                             Table D - comparison between Barance cost and Receivables



        Estim.tcd ertn,
        glTotal Estimatcrl proiect cost less Cost incurredl                                                           4,99,86.490
        r;alancc amount of receiv rles From soto-piiim?nts
                                                                 as perTEEi-iT
        this ccrtificate (as certified b1' Chartered
                                                     Accountant as verified from the
          Balance Unsokl
          CA from rhe rccords and books
                                                       of a;;$,
       (ii) Estimaiecl
                      ",
       j::i::l:::..l",l", tsT murtipried ," r"Ji area as on the date of
       ccrtifir:a rc, to t:c ca I c u I at.a
       ccrt ificatc
                                               u.,a ..ri,   il;; ff :;:X;;;,:t",ilno                                  2,7 1,02,676

       -oa,rrrr,a,                   otongoing projectlffiGiE
       rnr A-..^:__ n                                                     3(ii))| (To Be Fi[ed
       Amount t5                                                                                                      2,71,a2,676

       IF 4 is *rcate r th.r.r I , then 70%,
                                             of the balance receivables of ongoing
       projcct will be dcpositecl in oesignateJ
                                                             a"".".,

       [.,1,]:,tlii; ji1'::*,:Tilt-?,':-"^1i"^larancercceivabresorongoing
                                         Table E - Designated Bank Account
                                                                                     Details

  s.
                                                  particulars
                                                                                                 D e s i gnat e d   E-ii1-AE6ilif
 No.                                                                                             Details Actual Amount till
                                                                                                 Date (From start Of bank
   I   Opcninr Balanc                                                                              account to till datel
  2    Deposits
  .)
  4




I hcrt: ,y certify tl.:.. rc<lttirecl proportion'.tr::1,
                                                              u, .p."iri.a in.,l: act, co,ectecl
1;.jer:r- unir' .s inciicatcct in Tabre c h.s been o"po.it.a                                     from a,ottees or thc
                                                               i,, i."ig"l,.a RERA Bank
                                                                                           Account.
I hcrcby ccrtify that (Narnc of promoter) has,ut,ized
        -
act' coilecred   lrom allotrees for this proiect only
                                                              the required proportion
                                                                                        of money, as specified
                                                      for io.,o        uJlo'Ji*"rio., or this pro.leci.        in              the
                                            Table F - Means of Finance

                                                         Estimated*         Proposed ,/
                                                          (At time of       Estimated            Actual
                                                         Registration)    (As on the date    (As on the date
S. No.                     Particulars                      (ln Rs.)          ot the          of certificate)
                                                        (proposed and       certificate)         (ln Rs.)
                                                          Indicative)         (ln Rs.)

      I   Orvrr lrttnd                                    1,20,00,000         1.20.00.000          75,00,000
  /)
          Total Borror.vcd Funds (Secured)
          Drarvdou,n availed till date
  3       Total Borrorvcrl Funcls (Unsecured)                                                    1,69,37,295
          l)rirrr,'clorvr"r avrrilr:rl till date
 .1       Clustomcr Rr.r:r:i1tts usccl for Proiect        6,30.78.785        6.30,78,785           6,55,000
 5        'l'otal Fr-rrtds Iror proicct                                                         2,50,92,295
                                                          7,54,78,785        7,50,78,785
 (r       Totrrl Estimritcd Cost (As Per Table A)
                                                          7,5O,78,785        7,50,78,785

                               Table G - Any Comments/Observations of CA

  I
 2
 3
 4


                                                                         Yours Faithfully,
                                                                         For Nayak
                                                                         Chartered


                                                                           s|1
                                                                         CA. Kiran Nayak
                                                                         Partner
                                                                                             'tY/ MRN \c
                                                                                             S/
                                                                                             1l  ^rnAf\f
                                                                                                         \P
                                                                                                          I*



                                                                         Membership No:-
                                                                         UDIN :- 251699098
                                                                         Date: LSth May, 2O2S
          Agreed and Accepted By
          For Jay Ashapurei Developers

            Jay. Ashapura Developers


          '^Y/k                           Paftnt