Newone Constructions Pvt Ltd
7th Floor, S-14, Solitaire Corporate Park, Andheri-Ghatkopar Link Road, Andheri East Mumbai-400093



29TH May 2024


               Declaration on separate bank account for real estate projects
   A. Name of the promoter Organization: Newone Constructions Pvt Ltd
   B. Name of the project: Satellite Elegance.
   1. I/We are aware that as per section 4 (2) (I)(D) of Real Estate (Registration and
      Development) Act, 2016, promoters are 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 allottees, from time to time.
   2. Accordingly, I/We have a separate bank account for this real estate project / Phase of
      real estate project the particulars whereof are as follows :
      Account Name: NEWONE CNSTRUCTIONS PVT LTD.
      Account Number: 054405015142.
      Bank Name: ICICI BANK LTD.
      Branch Name: Andheri-MIDC, Mumbai.
      IFS Code: ICIC0000544.
   3. We hereby confirm the aforesaid bank account:
      a. Is a separate bank account, exclusively for depositing seventy percent of amount
          realised for the real estate project from the allottees, from time to time;
      b. Is a no-lien account and no loan/charge/encumbrances can be undertaken against
          the amount 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      c. The amounts in this separate bank account shall be withdrawn and used in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)(I)(D) of the Act, Rule 5 of the
          Rules, 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 the financials year and shall upload on
          MahaRERA promoter web page the statements of accounts duly certified and signed
          by a Chartered Accountant in practice.



For Newone Constructions Pvt Ltd




Authorised Signatory