SHARP & TANNAN Chartered Accountants Firm’s Registration No. 109982W Form 5 [see Regulation 4] Annual Report on Statement of Accounts To L&T Asian Realty Project LLP L&T House, Ballard Estate, Mumbai - 400001 Subject: Report on Statement of Account on project fund utilization and withdrawal by L&T Asian Realty Project LLP for the period from 1 April 2019 to 31 March 2020 with respect to the MahaRERA Regn. Number P51800023075. 1. This certificate is issued in accordance with the provisions of the Real Estate (Regulations 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 the necessary information and explanation from the company, during the course of our audit, which in our opinion are necessary for the purpose of this certificate. 3. We hereby confirm that we have examined the prescribed registers, books and documents, and the relevant records of L&T Asian Realty Project LLP for the period ended 31 March 2020 and hereby certify that: a. M/S L&T Asian Realty Project LLP have completed 6.60% based on the proportion of cost incurred to total estimated cost of the Project titled “Rejuve 360” MahaRERA Regn. Number P51800023075 located at Mulund, Mumbai. b. Amount collected during the year for this project is Rs. 21,73,75,858/ - and amounts collected till date (i.e. 31 March 2020) is Rs. 21,73,75,858/- c. Amount withdrawn during the year for this project is Rs.20,29,42,456/ - and amounts withdrawn till date (i.e. 31 March 2020) is Rs.20,29,42,456/- 4. We certify that L&T Asian Realty Project LLP has utilized the amounts collected for “Rejuve 360” only for that project and the withdrawal from the designated bank account Ravindra Annexe, 194, Churchgate Reclamation, Dinshaw Vachha Road, Mumbai - 400 020, India. Tel. (22) 2204 7722/23, 2286 9900 Fax (22) 2286 9949 E-mail : admin.mumbai@stllp.in Shreedhar T. Kunte Ramnath D. Kare Edwin P. Augustine Raghunath P. Acharya Firdosh D. Buchia Tirtharaj A. Khot Pavan K. Aggarwal Also at Pune. Associate Offices : New Delhi, Chennai, Bangalore, Baroda, Goa & Ahmedabad SHARP & TANNAN SHEET NO:: _____ of the said project has been in accordance with the proportion to the percentage of completion of the project. Note: 1. Refer explanatory notes enclosed in Annexure I; and 2. The Project is a Joint Venture project between L&T Asian Realty Project LLP and Nirmal Lifestyle Developers Pvt. Ltd ha ving revenue sharing of 62.80:37.20 respectively. Accordingly, amount collected and withdrawn are of L&T Asian Realty Project LLP’ proportionate only. For Sharp & Tannan Chartered Accountants Firm’s Registration No.: 109982W Place: Mumbai Date: 30 September 2020 Firdosh D. Buchia Partner Membership No.: 038332 Ravindra Annexe,194, Churchgate Reclaimation, Dinshaw Vachha Road, Mumbai – 400 020. UDIN: 20038332AAAAZK9076 Contact no. (22) 2286 9900 E-mail: admin.mumbai@sharpandtannan.com SHARP & TANNAN SHEET NO:: _____ Annexure I Explanatory notes to the Annual report on Statement of Accounts on project fund utilization and withdrawal by L&T Asian Realty Project LLP for the period from 1 April 2019 to 31 March 2020 (‘the Year’) with respect to MahaRERA registration number P51800023075 (‘the Project’). 1. This Annual report is issued in accordance with instructions received from management of L&T Asian Realty Project LLP (‘the LLP’) and in terms of our engagement letter dated 20 May 2020. Management’s responsibility for the Annual report on Statement of Accounts 2. The maintenance of all accounting and other relevant supporting records and documents in relation to the Annual report is the responsibility of management of the LLP. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation and making estimates that are reasonable in the circumstances. Independent auditor’s responsibility for the Annual report on Statement of Accounts 3. We have conducted our examination of the Statement in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India. This Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of India. 4. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements. Restriction on use 5. The Annual report is addressed to and provided to the partners of the LLP solely for the purpose to enable compliance with the requirement of the Real Estate (Regulation and Development) Act, 2016 read 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 and to submit to the Maharashtra Real Estate Regulatory Authority, and should not be used by any other person or for any other purpose. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this Annual report is shown or into whose hands it may come without our prior consent in writing. SWAAAY & CHHABM CHARTERED AGGOUNTANTS Cert. No. : S&ClCertl2020-211092 CERTIFICATE ON STATEMENT OF ACCOUNTS To, Nirmal Lifestyle Developers Private Limited, Multiplex Building 3'd Floor, LBS Marg, Mulund (West) Mumbai- 400080. SUBJECT: Certificate on Statement of Accounts on project fund utilization & withdrawal by Nirmal Lifestyle Developers Private Limited, Rejuve 360- Tower A, for the period from 25- Nov-2019 to 31-March-2020 with respect to MahaRERARegn. Number p51800023075 This certificate is restricted to only Nirmal Lifestyle Developers Private Limited's share as per JDA with L & T Asian Realty Project L 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 Company, during the course of our audit, which in our opinion are necessary for the purpose of this certificate. 3. We hereby certify that we have examined the prescribed registers, books and documents, and the relevant records of Nirmal Lifestyle Developers Private Limted for the period ended 3llO3/2020 and hereby certify that: i. Nirmal Lifestyle Developers Private Limited have completed 58.06%o* of the project titled, Rejuve 360- Tower A MahaRERARegn. Number P51800023075 located at:: Part 06-8/B, PART 706-BlD, PART 706-BtE, PART 710A, PART 7l2A at Kurla, Kurla, Mumbai suburban, 400080; 122,Satra Plaza, PlotNo. 19, Sector- 19D, Palm Beach Road,Vashi, Navi Mumbai-400705. o E-mail :admin@swamychhabra.com Iel.:022-2789 4341 I 022-27833740 I 022-20874045 ii. Amount collected during the year for this project is Rs.0/**- and amounts collected till date is Rs.O/-** iii. Amount withdrawn during the year for this project is Rs.50,000:r"r'x and amount withdrarvn till date is Rs. 1,29,68,30,415/-*'k* For Swamy & Chhabra, Chartered Accountants FRN - 113036W #t,tSLn KaustubhPradhan Partner M. No. -146169 Mumbai Date:- ol lotlzozt UDIN : 2ll 46169 AAAAAD8784 E-mail : -Kaustubh@swamychhabra.com Address : - M/s. Swamy&Chhabra Chartered Accountants 122, l"t Floor, Satra Plaza, Vashi, Navi Mumbai - 400705 * Percentage of Completion has been derived from (Total Cost incurred till 31/03/2020 upon Total Estimated cost of project) ** Total amount collected till date is NIL as RERA Designated Account is maintained by L & T Asain Realty Project *** Total amount withdrawn till date is taken as total cost incurred for the project from Non Designated RERA Account till3ll03l2020.