Declaration about Separate Bank Account for Real Estate Project

    A. Name of the Promoter Organisation: Mahindra Lifespace Developers Limited

    B. Name of the Project: Mahindra Happinest Kalyan - 2 Project B

    1. We are aware that as per Section 4(2) (l) (D) of Real Estate (Registration and Development)
       Act, 2016, the Promoter is required to open a separate account in a scheduled bank for the
       purpose of depositing seventy percent of the amounts realised for the real estate project from
       the allottees, from time to time.

    2. Accordingly, we have a separate bank account for this real estate project/ phase of the real
       estate project, the particulars whereof are as follows:
       Account Name:            Mahindra Lifespace Developers Ltd – Mahindra Happinest Kalyan- 2
                                Project B 70% RERA A/c
       Account Number:          923020068592400
       Bank Name:               Axis Bank Limited
       Branch Name:             167A, Ground Floor, Ready Money Terrace, Dr Annie Basant Road,
                                Worli Naka, Worli, Mumbai, Maharashtra, 400018
       IFSC Code:               UTIB0000653

    3. We hereby confirm that the aforesaid bank account:
       a. is a separate bank account, exclusively for depositing seventy percent of amounts realised
          for the real estate project from the allottees, from time to time;
       b. is a no-lien account and no loan/ charge/ encumbrance can be undertaken against the
          amounts deposited in this bank account;
       c. the amounts in this separate bank account shall be withdrawn and used in consonance
          and in compliance with Section 4(2)(l)(D) of the Act, Rule 5 of the Rules, Regulation 3 of
          the Regulations, the Orders as well as the Circulars of MahaRERA and in compliance of
          Circular No. 39/2021 dated 28.12.2021 read with Circular No. 39A/ 2022 dated
          17.03.2022;
       d. shall be audited within six months after end of every financial year and shall upload on
          MahaRERA promoter web page the statements of accounts duly certified and signed by a
          chartered accountant in practice.

Date: 6th June 2024
                                                                     Promoter
                                                       Mahindra Lifespace Developers Limited




                                                                 Mr. Sachin Jagdale
                                                               (Authorized Signatory)