Format ‘A’

        Declaration about Separate Bank Account for real estate projects

A. Name of the Promoter Organisation: HEMA APPARTMENTS CO‐OPERATIVE
                                      HOUSING SOCIETY LIMITED

B. Name of the Project: HEMA APPARTMENTS CO‐OPERATIVE HOUSING SOCIETY
                        LIMITED

      1. I/ 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 seventy
per cent of the amounts realised for the real estate project from the 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 : Hema Appartments Co‐operative Housing Society Limited

Account Number : 039702000002425

Bank Name : Indian Overseas Bank

Branch Name : Garodia Nagar Branch, Mumbai

IFSC Code : IOBA0000397

      3. We hereby confirm that the aforesaid bank account:

    a. is a separate bank account, exclusively for depositing seventy per cent 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       c. the amounts in this separate bank account shall be withdrawn and used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)(1)(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.




                                                         Authorised Signatory
                                           Mr. Hemant Kumar Shantaram Chivate
                                                                   (Chairman)

Date : 23/06/2023