Olfice : 101/New Kasturi Mahal CHS, Opp' Kiran Kuni CHS,
                     NAYAK DESHPANDE & Co.                              r.teai Hatn*ay cabte oflice, Na@
                      CHARTERED ACCOUNTANTS
                                                                       @ail.com.                             Mob. : +9'l 8879334484




                                                                FORM.3
                                                          [see Regulatton 3l

       (To be submitted at the time ol Registration
                                                        of Project and for withdrarval of Money from designated Account
                                                                                                                                   )
Datc: 31.O7.2024
lo,
Jay Ashapura Developers
Dombivli
subiect: certificate
                     .of Financial Progress of Work of H -R Heights having MahaRERA Registration Number
P51700076610 developed     by fUlS.favlshapura pevetopis

Sir,
This ccrtificate is being issuecl for RERA compliance for the
Applied bci*g dcveloped by M/s Jav esh-apula Developers n     *a
                                                                B geishts having MahaRERA Registration Number
before me and explanations provided
                                                                  i. uu."a on thJrecords and documents produced
                                           t" .* Ul, tt* *""ffi."t            of tne f.irm.

                     Table A - Estimated cost of the project
                                                                       {at the time of Regrstration of project}

                                                                                                                   Estimated Cost
                                                                                                                   (At the time of
                                                                                                                   Registration of

            Value Of the land ers ascertain.d
          Ir. listitralt:d Amrxr nt ,,1'p.e*ium

           r"rth<lrity or state Government Administration or any         under DCR rrom Loca,
                                                                       J qtrugl
                                                           statutory
         ^lii,llil?liJ,:?'::l::.;:*:*"ij:::T:::l:lT:u.1ill.i:ncielcy Authority.

         d. Erti"rri
         authority or any othcr starutory authority of the staie                                  Ate"t_
         :itil[lp dut.y, translcr charges, rcgislrartion fecs, etc.;          c;;;;;;overnment, towards
                                                                         ",
                                                                       anri
         r'. l,,stintirt<'<l L,,n,
         t.r'llJrvgloprncnt of lirnrl orvncd bV public authorities.
         l'. Unrlcr Rc         ilitirtior.r Schemc :
         (i) Dstirrratr:<l c,nst.rt:l ir," J
         inlrastructure lor thc s.tme as certified
                                                       by Engineer.
         (il) Estimatccl Cost i,

         l:lll'i];'1,:l':,i.:irllI,ii ),::::1ffi:;,,"i;-,i::r:",*::{,lt'::ijh:,l accommodariorr
         'r-',r in ricu .r"r'rnnrrir Acu.,rrrrrro,ru,ro,.,,
                                                                                 o."ommodirio,r,rr
         rcr.rrs, .pirrtmcnr ()\!ilcr or appropriar"
                                                     ur.ir-,;il;:,:#;;il;*.,,                   or
                                                                                      to srum dwellers,
         *.-r                                        ".,ii"ri,v ;; ilffi'"Xlyable
                                                                vr 6uvurrlrllcnt or Concessioneiire which
         Hl,n'lH::1co"t.,ra                               cever payable to any authorities
         nroiect of re.Lrabilitai;;)n,                                                          ,.*J.0" and in
                                                                                                                       ss,
        (ir.r) Any orher cost inclu<ling               int"r""iiiEilli.d on the borrorving done specillcally
        construction of rehabilitation component
        Sub-Total of LAND COST

                 D".r"Ioprrre,rt Coffi
                                                                                  neaa
        l:. Cost incurrcd o., ,,                                                                                                tJg,00J)0T
        ccrtiticatc)
        c. Estimated Exp.nc.tit

    l:.:i:9,10":,1?,ll.:.1.]11.,:,.r, :o.":"itants fees, site overheads, development rvorks, cost of
    services (inctuding u.atcr, etectricity,
                                                              ".*";;;, ffi;;;;.;;;,1;;#J.,":i:J:H#:XJ
                                                      or ma#ineries ana equipment incruding                                     1,92,96,49o
    l;]:l:illl;]l]1.,:,:::::-              ll::{:,)
    ,],t---va*.r^^.vr.LI.rwruuIrrE;rLJlllIg4llu
                                                                                        its hire and
                          raxcs'
   ,1;, I;ll:.T;:'"'r                    ""**, r.e
   c. Intcrcst payab
                                    or money lenders on construction
   :,:,r:::1"ril$BFC)                                                           funding or money borrowed for
   s,rb-rotal of p eiJiiilliftii[
                                                                                                                               5rg4,g6,49o
  Total Cost of the                            t (Estimated
  'Pass T;ir-ou*h .                                                                                                            7,5O;78J8s
  *nDstim.tecl                                                                                       ol pro.ject
               cost sh., be revised ir-r.""gr,
                                                                                apprication
                                                     ""*ection
                          Table B - Actual cost Incurred. on
                                                             the project (as on Date of certificate)

                                                                                                                             Amount [RsJ
  Land Cost:
  rr. Valuc 01'thc lanrl
                                     "
 l;. lncurrccl A
 fungible area' and a.y other incentive concession
                                       /
 Authc>ritv or State Govcrnmcnt Administratinn
                                                   in deficiency under DCR from Loca,l
                                                 --,, c+^+._r^_- r - ,,
 q. L',.ur."d         trrp..,.lilffi                                    ^-



 c. Lancl l,runiurn prirl loiicdEvEli                         rrtoflando*r-,@
 l. Uncier Reh,rliDtati,,n Scheme                       :




 13     l:".T[[:Iff
 (a) Cost incurrccl ftrr t:.nstructl
 infi;rstrur-.turc for thr: samc as certified
                                                              by Engineer
(D) I,currccl U"O"r.rnii
aco()ultts a,s vcrillccl l;r, CA                                                    bu ildin g   a"lEiG. Io-6r" oi
(ir )   I,currccl Cxp-irAiturc torvarrls
                                                                  cost r"' p'";i;*s;;;;orary
:::ilTi,li,lf:"ji::;11/,1'"::i'^'.";:l-T:s:
acL^ommoclation    or rt:'r in lieur olTreinsi,                                            transit
                                                                a".o-*o;;;;;';"";;ilffi:XJ::LTlrr,.
slu,r <rwcllcrs. [el.]anrs, apartment olvners                                                       paid                to
                                                                  or appropriate authority or government
t:orrr'<:ssionuit-c rvhir.lr irrc ,tot rcfunclablc                                                                 or
                                                                arncl so on

(iri ) IrrcLrrrccl   E*pcffitr,.,, trwards
;li;il:'::':?lllijll,i?lil,ll'"n, am<,unt *r-,,o"u", payabrc i;;;y authorities towards and
co?slJuction of rehabilitation component                                     the borrowin g donE$Elfr@
Sub-Total of lallO COST
                        ent Cost/ Cost of Construc
            i) Estirnatcd for Consrruction - MinimuEE   & (b) to be considered
            (a)Constructioncostincurredincluding"it"d.,,.io
            as ccrtified by Enginccr


            (b) A.trol Cn*t of
                               "n,-,"t.y"tio,      l,r"u.red a. pe. the books of accounts as verified by the CA
            (ii) Cost incurrcd ot-, ,-,d,titio.,
         certilicate)

         (iii) Incurrecl Expenditu_re for development of entire project
                                                                        excluding cost of construction
         Its pcr (i) above' i'c.. s.laries, consultants fees,
                                                                      site overheads, development rvorks,       or
         sc^'iccs (including ur.t(:r', electricity, serverage,                                             "o"i
                                                                      drainage. layout roads etc.), absorbed cost
                                          1:n,jccr) of machineries and equiprient including its hire and
         lli:1,:ll::::::.,:1.:ll.
         lnil I lt t('ltil l lcc cosil s, (.( )nsumablcs etc.
         (iv) Incurrcd nxp.'ruilture Taxes,
                                                    cess, fees, charges, p..
         Statutory Authority
         (v) Incurred E
                                              (NBFC) o.-*o,,.y lenders on construction
         3:il:lH,i[X1j*ilJ:,,,tll""                                                           funding o. *or,"y
         Sub-Total of D

        Total Cost ofIf,e               ct (acluat Incurred is on aaGIEEI]Eca-G
        Proportionffi                                 Land Cost                                                      1,19,52,295
        Cost (Table A).                                           "
        Amourt whic


        l                                                         cate from rhe Dcs



*"Estirnatecl
                costiEls           orricusslon and information
                                                                                            Sales of the Real Estate ProJect
             Table c - stnterncnt for calculation of Roceivables from tho

 Sold InventorY
                                                            Unit Conslderation
                                         Csrpct Arcn       as per Agreement /                 Received Amount    Balance Receivables
   S. No.            Flat No.            (ln.sq.mtrs)      Lcttcr of Allotemcnt
         I         Irllrt No IOI                 2().3tJ   Allolcrl'lo l,itn<lowncr
      .:|          liLr t No   I   ()l           29.50     Alkrtctl To Litrtrlowncr
      3            IrLr t No   I03               29,85     A llot t:rl'l'o Lirtrilt.rwncr
      .1           FLrl No .lO')                 29,sO     Allotcd'lir Litnclttrvner
     5             Flnt No .lO3                  29.85     Alkrtccl To Lzrndorvner
     ()            Irkit No 402                  29.50     AltoLed To Landowner
                   Flat No (>O3                  29.85     Allotcd To Latrdowner
     s             F'Lrt No 7Ol                  29.38     Allotect To Landowner
     ()            Ihrt No .50 I                 29.38     Alloted To Landorvner

                                               266.19

    N*()tc Nil Unit cortsidclation are the flats alloted to Land Orvners in line with development
              aglement free ol cost

Unsold Inventory


                                         Carpct Area
                                                           Unit Consideration
   S. No.           Flat No.                                 as per Ready
                                         (in.sq.mtrs)
                                                              Reckoner Rate
     I             Shop No 01                    10.91                      8,22,O47
     2             Shop No 02                    14.O7                    10,60,146
     .)            Shop No 03                    14.O7                    10,60,t46
     4             Shop No 04                    10.1B                     7 ,67,O43
     )             Shop No 05                    14.78                    11,13,643
     6            Flat No 2O I                  29.38                     22.t3.724
     7            Flat No 2O2                   2L).50                    22,22,766
     ti           Flat No 20ll                  29.85                     22,49,t38
     <)           Flat No 301                   29.38                     22,13,724
     l0           Flat No llo3                  29,85                    22,49,t38
     tl           Flat No 40 i                  29,38                    22,13,724
     t2           Flat No 5O2                   29.50                    22,22,766
     ta
                  Flat No 5O3                   29.85                    22,49,138
     l-1          Flat No (rO I                 29.38                    22,13,724
     l5           [.litt No (rO2                29.50                    22,22,766
     t6           I.'lat No 7O2                 29.50                    22.22.766
     t7           [,'lirt No 7O3                29.85                    22,49,138
                                              418.93          ----3J5,




                                                                                                     I{ "Y}Siq lr
                                                                                                      u#
                             Table D - Comparison between Balance Cost and Receivables



       Ilst imatc<l Balarl,- C\r.,t toCompletetf,.n@
         'otirl Ii.!t imat<:rl I)roicct (-'ost less                                                               6,31,26,490
                                                    Cost incurrecl)
       I llrllutr:<' amoul.lt
       this certil'icate (rrs r.r:rtilie<l by chartered Accountant
                                                                         as verified from
          'orrls rrrrrl llool<s ol Ar:r:t
                    Unsol<l u.*
          la]alce
           CA from'      the rcrx:rds and boots of accountsi,"
       (ii) Dstimatcc,,,-,,,
       (calculared as per ASR multipliert
                                                     to urlsol(r .r.. o" on the date of
       cr:rtilir:irt<:, to lle <:irl<:ul:rted arnd certified
                                                             Uy Ca1 as per Table C to this
       t:c.rt ilit:at
                  r:
       Es(im^tr:tl
                   @
       Ior Ongoing proj<:r:ts onlvl
                                                                  ot Z + S1ii1ffia ga Fllect
                to be dCposit6d-ii

       IF 4 is greater than l, then 70yo olthe baiance
                                                        receivables ofongoing
       project wiil be deposited in designaterl Account

                                            rlo.z oi trr.e barance receivabres or ongoing
       I.,1.:^-,,::::i.j,l;11 l.lh::

                                            Table E - Designated Bank Account Details

                                                                                                 Designated EanFEEulif
                                                                                                 Details Actual Amount till
                                                                                                 Date (From start Of bank




I lr.r't' lry <lt:rtify that r.rluir<:<l prollortion of money, as specificcl in the_act,
ptoit'r:l lttril its intlicatctl irr'l'alrle c has bt:en dcpositerl in                    collected from allottees of the
                                                                       ocsignzLted RERA Bank Account.
I ht'rt:b'y ccrtily that (Nirnrt: ol'Prt;motcr) has utilizctl the required
                                                                                   proportion of money, as specilied
r:ttll<:<:lcrl liom allottr:cs lor this projcct only for
                                                           land anrl                                                 in the act,
                                                                       "or-r"t.,l"iio., of this project.




                                                                                                                   ^#f,
                                                  Table F - Means of Finance

                                                               Estimated*          Proposed /
                                                                (At timc oi        Estimated           Actual
                                                              Rcgistration)      (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.)
      I    Orvn Frrrrrl
  ,)                                                            .r,20,00,000        1,20,00,000         75,00,000
          f)ritl,tlorrrn :rv;rilerl r ill .t-r-
  .)      'lirt:rl lf,'..,,,
                                                                                                        44,52,295
 4
 5                                                              6,30.78.78s         6,30.78.785
 6        rotute"u@                                             7,50.78.78s         7.50.78.78s       t,19,52.295
                                                                7,50,78,785         7,5O,78,785

                                  Table G - Any Comments/Observations
                                                                                  of CA
 I
 ,2


 3
 4
          -
                                                                               Yours Faithfully,
                                                                               For Nayak
                                                                               Chartered


                                                                                  ell
                                                                               CA. Kiran Nayak
                                                                               Partner
                                                                               Membership No:_
                                                                               UDIN :- 2Sl
          Agrccrl an<l Ar:r.r:ptccl By                                         Date: l5th May, 2O2S
          Iror Jay Ashapurir Dt:vel<lpers

              Jay Ashapura Developers

          Partnr:r
                                             Partna