ti Tel.: 24050711



Shop No. 6, Aditya Heritage, V.N.PuVH!Mal-�'Sion-Chunabhatti, Mumbai 400022.
           Declaration about Separate Bank Account for real estate projects.
                                                                                Date : 25/08/2023
A. Name of the Promoter Organisation:    M/s. Arihant Builders & Developers

B. Name of the Project: Arihant Sky

Project Land: Existing building no.40, known as Subhash Nagar Jai Hind CHS Ltd,
C.T.S. No. 830(pt.), Situated at Village - Chembur at Subhash Nagar, Taluka - Kurla,
Dist. - Mumbai Suburban - 400071.

1. We are aware that as per section 4 (2)(1)(D) of Real Estate (Registration and Development)
Act, 2016, promoters are required to open a separate account in a scheduled bank to for
the purpose of depositing 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 real
estate project the particulars whereof are as follows:

Account Name:        Arihant Builders and Developers

Account Number:      42204745622

Bank Name:           State Bank of India

Branch Name:          SME CHEMBUR BRANCH

IFSC Code:            SBIN0013340

3. We hereby confirm that the aforesaid bank account:

A. is a separate bank account, exclusively for depositing the 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C. the amounts in this separate bank account shall be withdrawn and used in consonance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:- 25/08/2023
                                                                           Promot


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