Form 5 - Satellite Heights for FY 2023-24




                                                Form 5
                               ANNUAL REPORT ON STATEMENT OF ACCOUNTS
                                 CHARTERED ACCOUNTANT’S CERTIFICATE


To
M/s. Neeleshwar Developers,
H 602, Krishnavasant, Kandivali East,
Sagar Complex Village, Mumbai Suburban,
Borivali- 400101.

SUBJECT: Report on Statement of Accounts on project fund deposit, utilization and withdrawal by M/s. Neeleshwar
Developers (promoter of the project "Satellite Heights") for the period from 01/04/2023 to 31/03/2024 with respect
to MahaRERA Regn Number - P51800021643.


1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation and Development) Act,
2016 read along with the Maharashtra Real Estate (Regulation and Development) (Registration of Real Estate Projects,
Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017.

2. We have obtained all necessary information and explanation from the Promoter, during the course of our audit,
which in our opinion are necessary for this certificate.

3. We hereby confirm that we have examined the prescribed registers, books and documents and the relevant records of
M/s. Neeleshwar Developers (promoter of the project "Satellite Heights") for the period ended 31/03/2024 and
hereby certify that:

A. Deposits:


S. No.                       Particulars                           Financial Year 2023-24           Till date i.e. (31/03/2024)
   1       Total amount collected from allottees                                               -                  31,05,25,962
   2       % of amount to be deposited as per act                                           70%                           70%
   3       Amount to be deposited as per act (1*2)                                             -                  21,73,68,173
           Total amount deposited in the Designated Bank
   4                                                                                            -                                 -
           Account
           % of amount deposited in the Designated Bank
   5                                                                                      0.00%                          0.00%
           Account [(4)/(1)*100]
   6       Shortfall/Excess deposit (3-4)                                                       -                 21,73,68,173

Amount collected/deposited at Sr. No. 1 & 2, shall not include pass through charges and indirect taxes.

Has the required proportion of money collected from allottees of the project units, as specified in the act, deposited in the
Designated RERA Bank Account? No, the promoter has collected all the advances in its current account.



If No, Please mention the amount not deposited. Refer Qualification Number 2.