CERTIFICATE NO.

UDIN:

FORM-3
CHARTERED ACCOUNTANT’S CERTIFICATE AS PER REGULATION 3 OF MAHARERA ACT, 2016
(FOR REGISTRATION OF A PROJECT)

MAHARERA REGISTRATION NO.: 1256.18

Sr. No Particulars Amount (Rs.) Amount per sq mtr. For

1256.18 Sq mtrs.
Estimated Incurred Estimated Incurred

1 i Land cost:

a Acquisition Cost of Land or Development Rights, - -

lease Premium, lease rent, interest cost incurred
or payable on Land Cost and legal cost

b Amount of Premium payable to obtain -

development rights, FSI, additional FSI, fungible
area
c Acquisition cost of TDR -
d Amounts payable to State Government or -
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 payable as per annual statement - -
of rates(ASR) for redevelopment of land owned
by public authorities.

f Under Rehabilitation scheme:

i) Estimated construction cost of rehab building NA NA

including site development and infrastructure for
the same as certified by Engineer.

ii) Actual Cost of construction of rehab building NA

incurred as per the books of accounts as verified
by the CA
Note : (For total cost of construction
incurred, Minimum of (i) and (ii) is to be
considered
Cost of Construction of Rehab Building to be -
Considered
iii) Cost towards clearance of all or any NA NA
encumbrances including cost for providing
temporary transit accommodation or rent in lieu
of Transit Accommodation, overhead cost,

iv) Cost of ASR linked premium, fees, charges and NA NA

security deposits or maintenance deposit, or any
amount whatsoever payable to any authorities
towards and in project of rehabilitation.

Sub-Total of LAND COST…..1(i) - - - -

ii Development Cost/ Cost of construction

a (i) Estimated Cost of Construction as certified 1,37,00,000.00 76,74,315.00 10,906.08 6,109.25

by Engineer Vide Engineer Certificate dated …..

(ii) Actual Cost of Construction incurred as per - 76,74,315.00 - 6,109.25

book of Accounts as verified by the CA
Note : (for adding to total cost of
construction incurred, minimum of (i) or (ii)
is to be considered.)
Cost of Construction to be Considered 76,74,315.00
(iii) On site expenditure for development of 39,57,010.00 5,34,726.50 3,150.03 425.68
entire project excluding cost of construction as
per (ii) above i.e salaries , consultants fees , site
overheads , cost of services (including water ,
electricity , sewerage ) , cost of machineries and
equipment including its hire and maintenance
costs , consumable etc. All costs are directly
incurred to complete the construction of the
building / wings of the project registered.
b Payment of taxes , cess , fees , charges , - -
premiums , interest etc to any statutory
authority.
c Principal sum and interest payable to financial
institutions , scheduled banks , non – banking
financial institution (NBFC)or money lenders on
construction funding or money borrowed for
construction
 Principal (95 Lakhs)
Interest 22,80,000.00 - 1,815.03 -

Sub-Total of DEVELOPMENT COST…. 1(ii) 1,99,37,010.00 82,09,041.50 15,871.14 6,534.92

2 Total Estimated Cost of the Real Estate 1,99,37,010.00 15,871.14

Project

Total Cost Incurred of the Real Estate 82,09,041.50 6,534.92

3 Project

4 % completion of Construction Work -

(as per Project Architect’s Certificate)

Proportion of the Cost incurred on Land and 41.17%

5 Development Cost

6 Amount Which can be withdrawn from the 82,09,041.50

Designated Account

7 Less: Amount withdrawn till date of this 12,02,000.00

certificate as Per the Books of Accounts and
Bank Statement.

8 Net Amount which can be withdrawn from 70,07,041.50

the Designated Bank Account under this
certificate

This certificate is being issued for RERA compliance upto the period 30.09.2019 to "M/s. Mhatre Builders & Developers for
their Project Swami Sanidhya containing Building No. 1- Swami Sharan (Building A) & Building No. 2- Swami Darshan
(Building B) situated on the plot bearing S. No. 55/A/1, 55/A/2 & 55A/3, Chendhare, Taluka- Alibag, District- Raigad-
402110" and is based on the records and documents produced before me and explanations provided to me by the management of
the Firm.

ADDITIONAL INFORMATION FOR ONGOING PROJECT -SWAMI SANIDHYA

Particulars Amount in Rs.

1. Estimated Balance Cost to Complete the Real Estate Project 1,17,27,968.50

2. Balance amount of receivables from sold apartments as per Annexure A to this 1,21,10,400.00
certificate

3.(i) Balance Unsold area (In Sq. mts.) 450.89

(ii) Estimated amount of sales proceeds in respect of unsold apartments 2,26,16,391.60

(Calculated as per ASR multiplied to unsold area as on the date of Certificate, as
mentioned in Annexure A to this certificate)

4. Estimated receivables of ongoing project (Sum of 2 + 3(ii)) 3,47,26,791.60

5. Percentage of Amount to be deposited in Designated Account 70%

This certificate is being issued for RERA compliance upto the period 30.09.2019 to "M/s. Mhatre Builders & Developers for
their Project Swami Sanidhya containing Building No. 1- Swami Sharan (Building A) & Building No. 2- Swami Darshan
(Building B) situated on the plot bearing S. No. 55/A/1, 55/A/2 & 55A/3, Chendhare, Taluka- Alibag, District- Raigad-
402110" and is based on the records and documents produced before me and explanations provided to me by the management of
the Firm

Annexure A

Statement for calculation of Receivables from the Sales of the ongoing Real Estate Project
Sold Inventory
Residential:

Sr. No. Flat No. Carpet Unit Consideration as per Agreement Received Amount Balance Receivable
Area (In /Letter of Allotment
sq.mts.)
Swami Sharan
1 102 38.845 25,00,000.00 1,00,000.00 24,00,000.00
2 204 37.959 25,00,000.00 5,00,000.00 20,00,000.00
3 304 37.959 26,28,000.00 1,00,000.00 25,28,000.00

Swami Darshan
1 102 38.065 23,50,000.00 - 23,50,000.00
2 204 48.079 33,34,400.00 5,02,000.00 28,32,400.00

Total…. 200.91 1,33,12,400.00 12,02,000.00 1,21,10,400.00

Statement for calculation of Receivables from the Sales of the ongoing Real Estate Project
Inventory allotted to Land Owner
Residential:
Sr. No. Flat No. Carpet
Area (In
sq.mts.)
Swami Sharan
1 101 38.595
2 103 38.845
3 201 38.595
4 203 38.845
5 301 38.595
6 303 38.845
7 401 38.595
8 403 38.845

Swami Darshan
1 101 35.59
2 103 38.07
3 201 35.59
4 203 38.07
5 301 35.59
6 303 38.07
7 401 35.59
8 403 38.07
Total… 604.38

Unsold Inventory Valuation

Ready Recknor Rate as Rate as on date of Certificate
of the Residential premises Rs. 41,800.00 /- per sm.

Sr. No. Flat No. Carpet Unit Consideration as per Read Reckoner
Area (in Rate (ASR)
sq.mts.)
Swami Sharan
1 104 37.959 19,04,023.44
2 202 38.845 19,48,465.20
3 302 38.845 19,48,465.20
4 402 38.845 19,48,465.20
5 404 37.959 19,04,023.44

Swami Darshan
6 104 48.079 24,11,642.64
7 202 38.065 19,09,340.40
8 302 38.065 19,09,340.40
9 304 48.079 24,11,642.64
10 402 38.065 19,09,340.40
11 404 48.079 24,11,642.64

Total…. 450.89 2,26,16,391.60