CHARTERED ACCOUNTANT'S CERTIFICATE (To be submitted at the time of Registration of Project and for withdrawal of Money from Designated Account) To, Date: 25/06/2025 Mrs. Hemangi Uddesh Tembhe (Chairperson) M/S, AMAN PARADISE PROJECT (AOP) House No 665K, Motha Khanda, Panvel 410206 Subject: Certificate of Financial Progress of Work of AMAN PARADISE having MahaRERA Registration Number P52000020873 being developed by M/S. AMAN PARADISE PROJECT (AOP) Sir, This certificate is being issued for the project AMAN PARADISE having MahaRERA Registration Number P52000020873 being developed by M/s. AMAN PARADISE PROJECT (AOP) and is based on the records and documents produced before me and explanations provided to me by the management of the Company. Table-A Estimated Cost of the Project( at the time of Registration of Project) Estimated Cost (At the Sr No. Particulars time of Registration of Project) (1) (2) (3) 1. i. Land Cost (a) Value of the land as ascertained from Annual Statements of Rates (ASR). 2,750,000 Estimated Amount of premium payable to obtain Development Rights, FSI, Additional FSI, Fungible area & any other incentive/concession in (b) 0 deficiency under DCR from Local Authority or State Government/UT Administration or any Statutory Authority. (c) Estimated Acquisition Cost of TDR (if any) 0 Estimated Amount Payable to State Government/UT Aminstration or Competent Authority or any other Statutory Authority of state or Central (d) 650,000 Government, toward Stamp Duty, Transfer charges, Registration Fees, etc; and Estimated Land Premium Payable as per Annual Statement of Rates (e) 0 (ASR) for Redevelopment of Land Owned by Public Authorities (f) Under Rehabilitation scheme: Estimated Construction Cost of Rehab Building including Site (i) 0 Development and Infrastructure for the same as certified by the Engineer. Estimated Cost towards clearance of land of all or any encumbrances including cost of removal of legal/illegal occupants, cost for providing temporary transit accommodation or rent in lieu of Transit (ii) 0 Accommodation, overhead cost, amounts payable to slum dwellers, tenants, apartment owners or appropriate authority or government or concessionaire which are not refundable and so on. Estimated Cost of ASR linked premium, fees, charges and security (iii) deposits or maintenance deposit, or any amount whatsoever payable to any 0 authorities towards and in Project of Rehabilitation Any other cost including interest estimated on the borrowing done (iv) 0 specifically for construction of rehabilitation component SUB-TOTAL LAND COST 3,400,000 1. ii. Development Cost / Cost of Construction of Building a Estimated Cost of Construction as certified by Engineer. 5,309,040 Cost incurred on additional items not inculded in estimated cost (As per b. engineer certificate) Estimated Expenditure for development of entire Project excluding Cost of Construction as per (i) above, i.e. salaries, consultant fees, site overheads, development work, cost of services (including water, c. 315,000 electricity, sewerage, drainage, layout roads etc.), absorbed cost (attributable to this project) of machineries and equipment including its hire and maintenance cost, consumables etc. Estimated Taxes, cess, fees, charges, premiums, interest etc. payable to d. 200,000 any statutory Authority Interest payable to financial institutions, scheduled banks, non-banking e. financial institution (NBFC) or money lenders on construction funding or 0 money borrowed for construction. SUB-TOTAL OF DEVELOPMENT COST 5,824,040 TOTAL COST OF THE PROJECT (ESTIMATED) 9,224,040 Date: 25/06/2025 Table B -Actual Cost Incurred on the Project (as on Date of certificate) Amount (Rs.) Sr. No. Particulars Incurred (1) (2) (3) 1 Land Cost (a) Value of the land as ascertained from Annual Statements of Rates (ASR). 2,750,000 Incurred Expeniture on premium to obtain Development Rights, FSI, Additional FSI, Fungible area & any other incentive/concession in (b) 0 deficiency under DCR from Local Authority or State Government/UT Administration or any Statutory Authority. (c) Incurred Expenditure for Acquisition of TDR (if any) 0 Amount paid to State Government/UT Aminstration or Competent (d) Authority or any other Statutory Authority of state or Central Government, 650,000 toward Stamp Duty, Transfer charges, Registration Fees, etc; and (e) Land Premium Paid for redevelopment of land owned by public authorities. 0 (f) Under Rehabilitation scheme: Incurred Expenditure for Construction Rehabilitation. Minimum of (a) or (i) (b) to be considered. Cost Incurred for contruction of rehab building inculding site development (a) and infrastructure for the same as certified by Engineer. Incurred Expenditure for construction Rehab building as per the books of (b) 0 accounts as verified by the CA. Incurred Expenditure towards clearance of land of all or any encumbrances including cost of removal of legal/illegal occupants, cost for providing temporary transit accommodation or rent in lieu of Transit Accommodation, (ii) 0 overhead cost, amounts paid to slum dwellers, tenants, apartment owners or appropriate authority or government or concessionaire which are not refundable and so on. Incurred Expenditure towards ASR linked Premium fees, charges and (iii) security deposits or maintenance deposit, or any amount whatsoever paid to 0 any authorities towards and in Project of Rehabilitation Any other cost including interest incurred estimated on the borrowing done (iv) 0 specifically for construction of rehabilitation component SUB-TOTAL LAND COST 3,400,000 2 Development Cost / Cost of Construction (i) Expenditure for Construction . Minimum of (a) and (b) to be considered. 5,574,492 Construction cost incurred including site development and infrastructure for (a) 5,574,492 the same as certified by Engineer. Actual Cost of construction incurred as per the books of accounts as (b) 5,575,000 verified by the CA. Cost incurred on additional items not inculded in estimated cost(As per (ii) enginner certificate) Incurred Expenditure for development of entire Project excluding Cost of Construction as per (i) above, i.e. salaries, consultant fees, site overheads, development work, cost of services (including water, electricity, sewerage, (iii) drainage, layout roads etc.), absorbed cost (attributable to this project) of machineries and equipment including its hire and maintenance cost, consumables etc. All costs incurred to complete the construction of the entire phase of the project registered. Incurred Expenditure towards Taxes, cess, fees, charges, premiums, interest (iv) etc. to any statutory Authority Incurred Expenditure towards Interest to financial institutions, scheduled (v) banks, non-banking financial institution (NBFC) or money lenders on 0 construction funding or money borrowed for construction SUB-TOTAL OF DEVELOPMENT COST 5,574,492 3 Total Cost of the Project (Actual incurred as on date of Certificate) 8,974,492 Proportion of the Cost incurred on Land Cost and Construction Cost to the 4 97.29% Total Estimated Cost. (Table A) 5 Amount which can be withdrawn from the Designated Account. 8,974,492 Less: Amount withdrawn till date of this certificate from the Designated 6 0 Account. Net Amount which can be withdrawn from the Designated Bank Account 7 8,974,492 under this certificate. Table C Statement for Calculation of Receivables from the sales of the Real Estate Project. Sold Inventory Unit Consideration as Carpet Area Received Balance Sr.No Flat No per Agreement In Sq.Mtrs Amount Receivables /Letter Of Allotment 1 201 19.835 2,150,000 2,150,000 0 2 302 38.920 4,900,000 4,900,000 0 3 401 22.445 3,000,000 3,000,000 0 4 5 81.20 10,050,000.00 10,050,000.00 - - Unsold Inventory Unit Consideration as Carpet Area Sr.No Flat No /Shop No per Readyrecknor In Sq.Mtrs Rate (1) (2) (3) (4) 1 202 22.440 1,411,476 2 301 21.970 1,381,913 3 Total 44.41 2793389.00 Landowner Units Carpet Area Sr.No Flat No /Shop No In Sq.Mtrs 1 101 19.835 2 102 25.315 3 103 33.705 4 203 33.705 5 402 33.042 Total 145.60 Table D Comparison between Balance Cost and Receivables Sr. No. Particulars Amount (1) (2) (3) Estimated Balance Cost to Complete the Real Estate Project 1 249,548 (Difference of Total Estimated Project cost less Cost incurred). Balance amount of receivables from sold apartments as per Table C 2 of this certificate (as certified by Chartered Accountant as verified - from the records and books of Accounts) (i) Balance Unsold area (to be certified by Management and to be 3 44.41 verified by CA from the records and books of accounts) (ii) Estimated amount of sales proceeds in respect of unsold apartments (calculated as per ASR multiplied to unsold area as on 2,793,389 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)) 2,793,389 (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 5 ongoing project will be deposited in designated Account. - IF 4 is lesser than 1, then 100% of the of the balance receivables of ongoing project will be deposited in designated Account. Table E Designated Bank Account Details BANK A/C NO Sr No. Particulars Actual Amount till Date ( From start of bank account to till date) 1 Opening Balance - 2 Deposits 10,050,000.00 3 Withdrawals 10,050,000.00 4 Closing Balance - I hereby certify that the required proportion of money, as specified in the act, collected from allottees of the projects unit as indicated in Table C has been deposited in Designated RERA Bank Account. I hereby certify that M/s.AMAN DEVELOPER has utilized the required proportion of money, as specified in the act, collected from allottees for this project for land and construction of this project. Table F Means of Finance Estimated* (At time of Proposed/Estimated Actual Sr Registration) (As on the date (As on the date of Particulars No. (In Rs.) certificate) certificate) (Proposed and (In Rs.) (In Rs.) indicative) 1 Own funds 3,689,616 3,689,616 3,689,616 Total Borrowed Funds( Secured) 2 - Drawdown Availed till date - - - Total Borrowed Funds( Unsecured) 3 - Drawdown Availed till date - - - 4 Customer Receipts used for Project 5,534,424 5,534,424 5,534,424 5 Total Funds for Project 9,224,040 9,224,040 9,224,040 6 Total Estimated Cost (As per Table A) 9,224,040 9,224,040 8,974,492 Table G Any Comments / Observations of CA The amounts pertaining to current form 3 have been extracted from the unaudited books of accounts as 1 provided by the management of the company. The certificate and its contents are only to be used in relation to the reporting requirement under 2 MahaRERA. Any other person relying on this certificate for any purpose other than as mentioned above does so on his/her own risk. Our liability shall be restricted maximum to the extent of fees received. 3 4 Yours Faithfully, CA Name SHALAKA SOLASE Firm Name SOLASE & ASSOCIATES M. No: 123178 UDIN: Agreed and accepted by: For M/s. AMAN PARADISE PROJECT (AOP) Authorised Signatory Date: 25/06/2025