.. TEJfiS SfiMPfiT & ASSOCIATES ~ CHARTERED ACCOUNTANTS DIA 104, Kasturi CHS., lilak Road, Opp. Roshan Automobiles, Dombivli (East)-421 201. IN Mob.: 9820116977 Email:catejas1980@gmail.com Ref.: n~tA • Form-3 (See Regulation-3) CHARTERED ACCOUNTANT CERIFICATE (FOR REGISTRATION OF A PROJECT AND SUBSEQUENT WITHRAWAL OF MONEY) To, Day & Date : 30th April, 2025 Builttech Constructions B 3, Anand Deep CHS, Pendse Nagar, Dombivli East - 421 201 PAN: MZFB5753G Subject: Certificate of Financial Progress of work of Ram Laxman Co-operative Housing Society Limited having MahaRERA Registration Number P51700077207 being developed by M/s Builttech Constructions . Sir, This Certificate is being issued for RERA compliance for the Ram Laxman Co-operative Housing Society Ltd. having MAHARERA Registration Number P51700077207 being developed by M/s Builttech Constructions and is based on records and documents produced before me and explanations provided to me by the management. Table-A Estimated cost of the project (at the time of registration of project) - Sr No Particulars Amount (Rs.) Estimated Cost (At the time of reaistration of oroiect) 1 2 3 1. i) Land Cost a) Value of the Land as ascertained from the Annual Statement of 6,75,00,000 Rates (ASR) b) Estimated amount of premium payable to obtain development 59,00,000 rights, FSI, additional FSI, fungible area, and any other incentive/concession in deficiency under DCR from Local authority or State GovernmenVUT Administration or any Statutory authority C) Estimated Acquisition cost of TDR (if any) 19,00,000 d) Estimated Amounts payable to State Government/UT 17,00,000 Administration or competent authority or any other statutory authority of the State or Central Government, towards stamp duty, transfer charges, registration fees etc.; and - e) Estimated Land Premium payable as per annual statement of rates - (ASR) for redevelopment of land owned by public authorities - -'I~- i· 1 •tr ,•• TEJfiS SfiMPfiT & ff~SOClfiTES ~ CHARTERED ACCOUNTANTS ~ ' 104, Kasturi CHS., Tilak Road, Opp. Roshan Automobiles, Dombivli (East)-421 201. INDIA Mob.: 9820116977 Email:catejas1980@gmail.com n~to. Ref.: , I f) Under Rehabilitation scheme: :' ' - i} Estimated construction cost of rehab building ihc11µ'ding site development and infrastructure for the same as ~€rtified by ' '·l I engineer : ' ii) Estimated cost towards clearance of land of all or a'ny - encumbrances including cost of removal of legal/illegal occupants, cost for providing temporary transit accomodation or rent in lieu of Transit Accomodation, overhead cost, amounts payable to slum dwellers, tenants, apartment owners or appropriate authority or government or concessionaire which are not refundable and so on. - iii) Estimated cost of ASR Linked premium fees, charges and security deposits or maintenance deposit or any amount whatsoever payable to any authorities towards and in project of rehabilitation - iv} Any other cost including interest estimated o~-~.b-~_borrowing done specifically for construction of rehabilitation component. ... Sub Total of Land Cost Rs 7,70,00,000 ii) Develooment Cost/ Cost of Construction of buildinq: 6,65,55,000 a Estimated Cost of Construction as certified by ~ngineer b Cost incurred on additional items not included in'estimated cost (As per engineer certificate) -• - 1,50,00,000 c Estimated Expenditure for development of entire project excluding cost of construction as per (i) above i.e. salaries, ~onsultant fees, site overheads, development works, cost of service (including water, electricity, sewerage, drainage, layout roads~etc.), absorbed costs (attributable to this project) of machineries 'and . equipment including its hire and maintenance costs, consumc;1ples etc. d Estimated Taxes, cess, fees, charges, premiums;i!-~~1rest etc. 65,00,000 payable to Statutory Authority. )~l~~f . 11!;'¥;1 e Interest payable to financial institutions, scherl1m~:clhanks, non- 1,25,00,000 banking financial institution (NBFC) or money!P~·nd~rs on construction funding or money borrowed for-EeAst1uction. Sub Total of D~velopment Cost 10,05,55,000 -·· •• ,- Total cost of'Project (Estimated) 17,75,55,000 - ··-- ... cost of ' construction; 2. Estiamted Cost shall be revised Note: 1. Pass through charges are not included in estimated (whenever required) through revision application ... ,. '' ·j L. I • ' ..,lJ.. , '" ·.rr; ,..,de.1 r ~C ,! •J_ I .fll,ff ~~~- ,;.ri "\C'tr- TEJAS SAMPAT & ASSOCIATES ~ CHARTERED ACCOUNTANTS IA 104, Kasturi CHS., Tilak Road, Opp. Roshan Automobiles, Dombivli (East)-421 201. IND Mob.: 9820116977 Email:catejas1980@gmail.com Ref.: n::1tP. • Table B - Actual Cost Incurred on the project as on ; Sr. No. Amount (Rs) Particulars Incurred 1 Land Cost a Value of the land as ascertained from the Annual Statement of . Rates (ASR) b Incurred Expenditure on premium payable to obtain development 52,00,000 rights, FSI, additional FSI, fungible area, and any other incentive/concession in deficiency under DCR from local authority or State Government/UT Administration or any Statutory authority C Incurred Expenditure for acquisition of TDR(if any) 16,00,000 d Amounts paid to State Government/UT Administration or 12,45,272 competent authority or any other statutory authority of the State or Central Government, towards stamp duty, transfer charges, registration fees etc.; and - ---- . e land Premium paid for redevelopment of land owned by public authorities f Under Rehabilation scheme: -- .. ·-·- . i) Incurred expenditure for construction of rehabili"t!3tion building. Minimum (a) or (b) to be considered : (a) Cost incurred for construction of rehab building;1ncluding site - development and infrastructure for the same as .certified by ' engineer. " " (b) Incurred expenditure for construction of re,hab,building as per - the books of accounts as verified _by the CA. . - ... ii) Incurred Expenditure towards clearance of land of all or any - encumbrances including cost of removal of legal/i11egal occupants, cost for providing temporary transit accomodatiQn, or rent in lieu of Transit Accomodation, overhead cost, amou~ts.~ayable to slum dwellers, tenants, apartment owners or appropriate authority or . I, government or concessionaire which are not refundable and so on. ·f 1(1 iii) Incurred expenditure towards ASR linked premium fees, - ',... charges and security deposits or maintenance ·aei?.9sit or any amount whatsoever payable to any authorities...1ci%~lrds and in project of rehabilitation ~bi'iia •! ,• I iv)Any other cost including interes_t estimated_0J1 the borrowing . done specifically for construction bf rehabilitatfoh".c~mponent. . ti. •'"'J" I .. SUB TOT-AL-OF .. LAND COST: 80,45,272.00 ( ' ' ~r l' TEJAS SAMPAT Ii ASSOCIATES ~ CHARTERED ACCOUNTANTS ~A' 104, Kasturi CHS., Tllak Road, Opp. Rbshan Autom0biles, Dombivli (East)-421 201. I N DI Mob.: 9820116977 Email:catejas1980@gmail.com Ref.: I n~tP. • 2 Development Cost / Cost of Construction I I 0 i) Expenditure for construction. Minimum of (a) and (6l to be 1 - considered I '' (a) Construction cost incurred inclutling site development and - ' I infrastructure for the same as certified by Engineer'., I (b) Actual cost of construction incurred as per the books of 45,47,914 I accounts as verified by the CA (ii) Cost incurred on additional items not included in estimated cost 13,08,651 (As per engineer certificate) (iii) Incurred Expenditure for development of entire project excluding 5,73,551 cost of construction as per (i) above i.e. salaries, consultant fees, site overheads, development works, cost of seNice (including water, electricity, sewerage, drainage, layout roads etc.), absorbed costs (attributable to this project) of machineries and equipment including its hire and maintenance costs, consumables etc. All costs incurred to complete the coil~truction ) 4 Proportion of the cost incurred on land cost and construction cost 5.59% to the total estimated cost (Table A) 5 Amount which can be withdrawn from the designated account 99,27,474 6 Less : Amount withdrawn till date of this certificate from the - designated account ' 7 Net amount which can be withdrawn from ·th~ designated 99,27,474 Bank account under this certificate I ',' I I Note: 1. Pass through charges or indirect taxes aretoP.t included' i_n"fr\Eurred cost; ,, 4 J 1r ~ ., ' j}t •c.l ·l?~.\ lfurc biji?v b• '" ~ \ ~. j _ ,.. _1.::.._ •1 I • TEJAS SAMPAT li ASSOCIATES ~ CHARTERED ACCOUNTANTS 104, Kasturi CHS., Tilak Road, Opp. Roshan Automobiles, Dombivli (East)-421 201. INDIA Mob.: 9820116977 Email:catejas1980@gmail.com Ref.: Date: Table C Statement for calculation of receivables from the sales of the Real Estate Project Sold lnventorv Sr. No. Building Flat/Shop Carpet Area Unit Consideration Received Amount Balance No. (in sq. mtrs.) as per (Exel. Taxes) as Receivables agreement/Letter on cut off date of of allotment this certificate 1 Ram laxman 303 39.50 52,38,000 36,28,570 16,09,430 2 Ram laxman 603 24.16 32,00,000 8,00,000 24,00,000 3 Ram laxman 203 14.41 18,98,050 7,97,811 11,00,239 4 Ram laxman 503 10.13 13,43,425 5,50,571 7,92,854 5 Ram laxman 502 1.58 1,97,200 82,824 1,14,376 6 Ram laxman 403 42.66 52,00,000 29,46,094 22,53,906 7 Ram laxman 702 62.45 55,00,000 39,00,000 16,00,000 Grand Total 194.89 2,25,76,675 1,27,05,870 98,70,805 TEJAS SAMPAT Ii ASSOCIATES ~ CHARTERED ACCOUNTANTS ~A' 104, Kasturi CHS., Tilak Road, Opp. RoshanAutomobiles, Dombivli (East)-421 201. I N DI Mob.: 9820116977 Email:catejas1980@gmail.com Ref.: Date: TABLE C: DETAILS OF UNSOLD INVENTORY Sr. No. Building Flat RERA Carpet Unit Consideration as Area (in sq. per Ready reckoner mtrs.) rate on cut off date A. RESIDENTIAL FLATS 1 Ram Laxman 101 43.33 57,34,639 2 Ram Laxman 102 56.83 75,21,337 3 Ram Laxman 103 62.65 82,91,602 4 Ram Laxman 104 42.62 56,40,672 5 Ram Laxman 201 43.43 57,47,874 6 Ram Laxman 202 59.44 - 7 Ram Laxman 203 59.3 . 8 Ram Laxman 204 42.62 56,40,672 9 Ram Laxman 301 43.67 57,79,637 10 Ram Laxman 302 44.86 . 11 Ram Laxman 303 76.03 . 12 Ram Laxman 304 42.62 56,40,672 13 Ram Laxman 401 43.43 57,47,874 14 Ram Laxman 402 59.44 - 15 Ram Laxman 403 62.65 82,91,602 16 Ram Laxman 404 42.62 56,40,672 17 Ram Laxman 501 43.67 . 18 Ram Laxman 502 59.44 - 19 Ram Laxman 503 59.3 . 20 Ram Laxman 504 43.2 - 21 Ram Laxman 601 97.39 - 22 Ram Laxman 602 74.91 - 23 Ram Laxman 604 43.22 57,20,081 24 Ram Laxman 701 43.43 57,47,874 25 Ram Laxman 703 62.65 82,91,602 26 Ram Laxman 704 42.62 56,40,672 9,50,77,480 Total 1,395.37 B. SHOPS ., Total B. 10.00 [ - l Total A+B l,3~5.37 9,50,77,480 + TEJfiS SfiMPfiT & fi'SOClfiTES ~ CHARTERED ACCOUNTJi.NTS IA 104, Kasturi CHS., Tilak Road, Opp. Roshan Automo~les, Dombivli (East)-421 201. IND Mob.: 9820116977 Email:catejas1989@gmail.com ' 1fi Ref. 'I n~t~ • Table D Comoarislon between Balance Cost'and Receivables Sr. No Particulars ',,I Amount 1 Estimated balance cost to complete the Real Estate Projett'( Difference of total 16.76,27,526 estimated project cost less cost incurred) ~ ,1 t, A 2 Balance amount of receivables from sold apartments as p}r,Table- C of this certificate (as certified by Chartered Accountant as verified from the'~ecords and books of accounts 3 (i) Balance unsold area (to be certified by management a~d to be verified by CA from 18,85,00,000 the records and books of accounts) . (ii) Estimated amount of sales proceeds in respect of unsold apartments( calculated 9,50,77,480 as per ASR multiplied to unsold area as on the date of certificate, to be calculated and certified by CA ) As per table C to this certificate 4 Estimated receivables of ongoing project [sum of 2 +3 (ii) ] 9,50.77,480 5 (To be filled for ongoing projects only). Amount to be deposited in Designated Account - 70% or 100% If 4 is greater than 1, then 70% of the balance receivables of ongoing project will be deposited in Designated Account. If 4 is Lesser than 1, then 100% of the balance receivables of ongoing project will be dep~sited in Designated Account. _____ ,. Table E Desianated Bank Account Details Sr. No. Particulars Designated Bank Account DNS Bank Dombivili savarkar Details road br, A/C No. lnc;,n11101 R7~41 R Actual amount till date ( from start of bank account till the cut off date of this certificate) 1 Ooenino Balance 15,12,593.56 2 Deposits - 70.34.397.00 3 Withdrawals 48.74.226.00 4 Closino Balance 36,72.764.56 Note: The above figures have been extracted from deposit and withdrawal side of designated bank account and further note that the above values are from the starting date of designated bank account to the cut off date- of this certificate as asked in the format issued by the RERA Authority. Table F Means of Finance . Sr. No. Particulars Estimated ( At time Proposed/Estimated ( As Actual (As on the date of of registration) (In . on the date of the certificate) (In Rs.) Rs.) ( Proposed and certificate) (In Rs.) indicative) 1 Own Funds 3.25,00,000 . . 3,25,00,000 70,00,000 2 Total Borrowed Funds (Secured) 6,25,00,000 6,25,00,000 --Drawdown availed till date ,, ·-- ..-· .. , ... 3 Total Borrowed Funds 75,00,000 'r..' 75,00,000 \ (UnSecured) -- 111 ~:-· nr;,wrlnwn ;,"~ilPri till rbtP i , lr ..; : } 4 Customer Receipts used for 7.50.00.opq 7,50,00,000 project '. Ji_ ..... 5 Total funds for project 17,75,55,00~.__. 17.75,55,000 99,27.474 Total Estimated cost ( As per 17.75.55,00U .. 17.75,55,000 6 _ _:!_ --:.!I. Table A) Note: Reasonable assumptions have been mode to derive at above mentioned ~ali;e9.~ - TEJfiS SfiMPflT & flSSOClfiTES . ~ CHARTERED ACCOUNTANTS Automobiles, Oombivli (East)-421 201. ~ ' 104, Kasturi CHS., Tilak Road, Opp. Roshan I N D I A Mob.: 9820116977 Email:catejas1980@gmail.com Date : Ref.: T1ble G Any Comments/Observ1tlons of CA Sr. No. Icomments/Observations of CA 1 IRefer relevants notes mentioned In respective tables. Agreed and accepted by: For Tejas Sampat & Associates For Builttech Constructions Chortertd Accountants FRN: 128S07W ~~,.); Tejas Sampat Designation: Partner Proprietor (M.NO. 127397) UDIN: 2S127397BMKQEH8779 Day & Date : 30th April, 2025