Annexure I

Project Details

Date:___________________

Name of the project

Address of the project

Property Particulars

Commercial/Residential

No of Apartment /Villa __________________________________

(Or) (Or)

Dimension of the Project ( Sq. metres) __________________________________

RERA Registration No:

(RERA Registration Certificate for the
Project to be attached)
Print out of details in RERA website to be
attached
Branch in which RERA Receivable ________________________ Branch
account to be opened
Branch in which RERA designated ________________________ Branch
account to be opened

Details of Project Architect, Engineer & CA

Name of the project Architect with
address and contact details :
Print out of details in RERA website to be
attached
(To be supported by copy of
documents* submitted to RERA)
Name of the project Engineer with
address and contact details :
Print out of details in RERA website to be
attached
(To be supported by copy of
documents* submitted to RERA)

Name of the Chartered Accountant/Firm

with address and contact details:
CA membership No :

Overall cost Estimate of the project**

(In INR Crores/lakhs)
*Declaration supported by an affidavit which was submitted by the promoter to the authority at
the time of registration.
**Project Schedule has to be enclosed along with this annexure

We hereby confirm that all details related to the project and all the documents
submitted are true and accurate.

We further confirm that we have not opened any other account (as required under
RERA) in relation to the project, with any other institution or bank.

We further agree to submit the Board resolution/declaration with complete details of

the authorized signatories of our current and RERA accounts.

For ________________________

Authorized Signatory
 Annexure II

RERA AGREEMENT

(On the stamp paper)

Date:

To

The Branch Manager,

The Lakshmi Vilas Bank ltd

____________ Branch

Dear Sir/Madam

Sub: Opening of RERA accounts for (___________________________________) in relation to

the (______________________________________________) (“Project“)

We, ___________________________________________ (“Customer“/”Promoter”) hereby

request you to open the following current account for and in our name for our project
mentioned in the Annexure I hereto

i. Promoter/Developer/Builder’s Current account (Not applicable for existing

Current Account customers)
ii. Project Receivable RERA account (Mention Name of the Account)
iii. Project Designated RERA account (Mention Name of the Account)

The Project Receivable RERA account, Project Designated RERA account and
Promoter/Developer/Builder’s account shall hereinafter individually be referred to as
“Account “and collectively as “Accounts”.

We understand that we are required to ensure that withdrawals /Transfers from the
Receivable Account and RERA account are subject to fulfillment of conditions
stipulated under RERDA, and hereby confirm that we shall be in adherence to all the
requirements under RERDA, we confirm that ensuring the same shall be solely our
responsibility and the Bank shall at no time be liable or be under any obligation to verify
fulfillment of such conditions.

We further acknowledge that the bank may as its discretion require us to share
documents related to the Accounts and/or the Project at any time, and we undertake
to promptly provide the same to the Bank. Further, we authorize the Bank to share the
documents with Statutory/Regulatory authorities on their request without any obligation
to take consent or intimate us regarding such disclosure.

We hereby acknowledge and confirm that the Bank, on receipt of any

instructions/directions from any statutory, regulatory or judicial authority (Including Real
Estate Development Authority (RERA)) (Instruction), shall promptly act as per such
instruction, without requirement of any prior consent/intimation to the Promoter, and
Bank shall not be held liable for any such actions/omissions in any manner whatsoever.

We hereby undertake and confirm that we shall be solely responsible for ensuring full
compliance with RERDA and related rules/regulations in connection with the opening ,
maintenance and operation of the Accounts and for any/all transactions undertaken
by us or on our instruction/Submission of documents , and undertake to save and keep
the Bank harmless and indemnify and keep indemnified the Bank from all actions
including but not limited to proceedings , claims , losses, damages, costs and
expenses(including legal costs on account of solicitor and for costs incurred in
connection with any regulatory or legal proceedings) which may be brought against
or suffered or incurred by the Bank in connection with the operation /transfers from the
Account(s), and/or as a result of the opening , maintenance or operation of the
Account(s) and/or any investigations, inquiry, action taken by any statutory /regulatory
authority ( including RERA) and/or any action/proceedings by allottee(s) of the
projects , and/or breach of terms contained herein or the General T&Cs.

We undertake to pay such fee/charges (Exclusive of applicable taxes) as stipulated by

the Bank in relation to the Account(s). We undertake to pay the Bank fee of Rs. 25,000/-
one time (plus applicable taxes) in relation to the Account(s).

We confirm and accept to abide by the terms and conditions stipulated herein and the
general terms and conditions as available on the www.lvbank.in related to accounts of
the Bank (“General T&Cs”) which General T&Cs shall govern the relationship between
the Bank and us regarding the operation and maintenance of the accounts. In the
event of any inconsistency between this letter and the General T&Cs, this letter shall
supersede the terms of the General T&Cs. The terms and conditions herein (including
the Operational Mechanism) may be revised at any time pursuant to any modification
in RERDA or related rules/regulations.

For _________________________

Authorized Signatory