a Oobet axeh® Sabogve mEHeed, darted = oI, ae sa, Hap aE UF, et eget, ectemacoon, | Dee moh, det Of earch NoRERAADMICR. 116 /2019-20 Dated:07.01.2020 In exercise ofthe powers conferred under Section 25 and 37 ofthe Real Esta CIRCULAR, Sub; RERA Bank Account Directions, 2019, (Regulation and Development) Act, 2016 and as the Karnataka Real Fstate Regulatory Authority having considered it necessary in the Interest of on-time delivery of any plot, apartment or buliing and for the purpose of ensuring the non-diversion of project funds itis hereby decided to Issue the directions herein under specified ‘THE KARNATAKA RERA BANK ACCOUNT DIRECTIONS, 2019 Short Tile ‘These Directions shall be called the Karnataka RERA Bank Account Directions, 2018. Definitions (i) “Act” means the Real Estate (Regulation and Development) Act, 2016. (i) “Authority” means Karnataka Real Esta subsection (1) f section 20 of the Act. Regulatory Authority established under (i) No Lien Account means Bank Account without any third party rights or security interests {iv) No tien Fixed Deposit means Fixed Deposit without any third party rights or security (0) RERA Bank Account” means the separate bank account to be maintained by the promoter in 3 scheduled bank in the local branch where the project is going an, in State of Karnataka as per section 4(24{N(0) of the Act to cover the cost of construction and the land cost of the project. wi Formats of Certificates of Architect, Engineer, Chartered Accountant, Application for ‘change ln RERA Bank Account, NOC from Bank and Confirmation Letter from Bank 2} The certificates to be ised by the project architec, projet engineer, chartered ‘accountant in practice for withdrawal of money from the separate account ‘maintained under section 4(2) (I) (0) shall bein Form 4,2 and 3 respectively 'b) The format for Annual Audit on Statement of Accounts required to be Issued by ‘the Charted Accountant in Form 4, as mandated under the third proviso of Section 42)(N0), SR ea TOL TIN RR TO TTT TE OVA GARR rer armaaka gov.in ig® aber ati” Dabogr aeHeed, aertie ol, tk sii, Hee yO URN, amide Ngee, actometcot, 30 tert, BE era SONZT ‘e) Format for Application for change in RERA Bank Account along with the Affidavits shall be in Farm 5. ) No Objection Certificate of RERA Bank Account from the Bank with Existing RERA Bank Account shall bein Form 6 } Format for obtaining Confrmtion Letter of Change in RERA Bank Account from the concerned local branch where the project going on, shal be in Form 7. 4) Certificate of Fund Transfer from Bank having new RERA Bank Account shall be in Form. General Guidelines (i) The RERA Bank Account opened in accordance with the provisions of section 4(2\0\0) ofthe Act, shall be a No Lien Account’ and withdrawal from such separate ‘account shall be in accordance with the provisions of the Act, Rules and Directions issued by the Authority from time to time (i) The Authority recommends that the amount withdrawn from the RERA Bank ‘Account shall be utilized for the purpose of completion of the same Real Estate Project. However, there is na end use restrition on the amount which is withdeawn from the RERA Bank Account, In accordance with the provisions ofthe Act, Rules, and Directions, ‘Account Opening (i) ARERA Bank Account i to be maintained for each ofthe registered projects of the Promoter and RERA Bank Account shall be opened inthe local branch where the projects ging on, Details of this projet specific Bank Account are to be submitted with the project registration application. As such the promoters shall have the RERA Bank Account opened before application (ite shall be required to suf the term “RERA Bank Account for < name ofthe project > Real Estate Project” withthe name of the RERA Bank Account holder (w) Every project shall have only one RERA Bank Account opened in the focal branch Where the project is going on. In the case of multiple promoters, necessary ‘contractual or legal arrangements should be made by the principal promoter, who Is registering the project, to ensure proper operations af RERA Bank Account. Deposits in Account (i) The Promoter shall deposit seventy percent of the amount collected/realised from ‘llottees (other than Pass through charges and Indirect Taxes) in the RERA Bank ‘Account in the local Branch where projec is going on nthe case ofa project where rerakamatka govin- Boer arigele® Loboxre apGeed. emede () sung 28 capt ged ot ans ger wnmeone, ee eee oe — TRG tan atte va ofr rene nied peat he amet ‘alee tom tbo Astra tun Fas brea hase oe eae Tey Soto depen the ERA an esa co “The money ying in the RERA Bonk Account can be put In fixed deposits with the bank operating the RERA Bank Account provided itis a No Lien Fixed Depos’ and no loan can be obtained against or on suth Fed Deposit nor any charge can be ‘created on such Fixed Dept. 6. Withdrawals from Account ‘The Promoter shal be required to follow the following procedure for every withdrawl from RERA Bank Account til the project is completed: (0) As per the second proviso to section 4(2}040) ofthe Act swhich provides thet the amounts from the RERA Bank Account shal be withdrawn by the promoter after itis cetied by an architect, an engineer and a chartered accountant in practice, that the withdrawals im proportion tothe percentage of completion ofthe project, Ai) As per Rule 5 of the Karnataka Real Estate (Regulation and Development) Rules, 2017 which prescribes the withdrawal aspects ofthe amounts deposited Ina RERA Banke Account under Section 4(2}(0} ofthe Act and the sal Rule requires tha for ‘the purpose of withdrawal of amounts cepasited In the RERA Bank Account In respect of Registered Project, the promoter shall have the following three ceticates: 8) Certificate from the Architect in the Template Farm 1, certifying the percentage ‘of completion of construction work of each ofthe taks/activty ofthe building ing ofthe projet ‘) Certificate from the Engineer in the Template Form 2, for the actual cost Incurted on the construction work ofeach ofthe bullding/wing ofthe project; and 1) Certificate from the Chartered Accountant in practice other than the statutory autitor of the Promoter in Template Form 3, for the cat incutred and paid on construction cost and the lan cost. The Chartered Accountant in practice is also Fequied to certify the proportion ofthe cost incurred and psi on construction {ané land cost to the total estimated cost of the project. The total estimated cost of the project multiplied by such proportion shall determine the maximum amount which can be withdrawn by the Promoter from the RERA Bank Account, {ti) On completion ofthe project, the entire balance amount ying in the RERA Bank Account can be withdrawn by the Promoter on the bass of submission of necessaryZ dade axa? Loboye aoe. ewetle @® weet | See rt, Soe of rw 6007 S ceticates and due project completion eompliances including submission of end quarter data, 7. Reporting to Authority 1). Promoter shall submit Template Forms 1, 2 and 3 to Authority for withdrawal of funds and for quarterly etur filing compliance. (id As per the thir provga of Section 42}0) of the Act the Promoter i required to {get his accounts audited within six months after the end of every financial year by the statutory auditor of the Promote’s enterprise and shall produce a report on statement of accounts on project fund utilzation and withdrawal by Promoter in the Template Form No.d. Such report as per in the Form prescribed by the [Authority, shall be submitted foreach of the Projects registered by the Prometer. Ui) tn case of o fked deposit being rhade from the money lying in the RERA Bank Account, the chartered accountant shall very that there is ne llen or charge on such fixed deposit, The pramoter and/or chartered accountant shall obtain the No lien/ charge Certificate in respect to such fied deposit, from the bank once every three months ane submit the same as part of quartery comphance return. (ov) The promoter shall append RERA Bank Account passbook statement copy cetied by Chartea Accountant to the Template Form 3 to upload as part of project ‘quarterly return submission, [Note 4: The chartered accountant certifying Template Form 3 should be a “ferent entity’ than the chartered accountant certying Template Form 4 Note 2: If the Template Form 4 issued by the statutory auditor reveals that any certificate issued by the project architect, engineer or the chartered accountent has false or incorrect information and the amourts collected fora particular project have not been uted forthe project and the withdrawal has pot been in complance with the proportion tothe percentage of completion ofthe project the Authority, in adtion to taking penal actions a¢ contemplated lo the Act and the Rules, may aso take up the matter with the concerned regulatory body ofthe sad professionals of the architect, engineer of chartered accountant, for necessary penal action against them, including cancelation / suspension of reglstration of membership for practice as such 8 Changing RERA Bank Account (i) The Promoter may change the RERA Bank Account fom one Bank to another Bank ‘nly with prior permission of the Authority.(Gp) _COPe® Oxth® Dabogse xeARN, sorts = _@ Sree | Se ee, Gace rac mne7 (i) For RERA Bank Account change request, Promoter has to submit through ‘Authority's web portal along with necessary documents in the following forms: 2 Anplicaton for change in RERA Bank Account as per Template Form § along with the apolcable Affidavit prescribed therein along with the Board Resolution from ‘the concerned applicant if the applicant is other than individual. '. Centfcate of acount balance from Bank with existing RERA Bank Account as pee the Template Farm 6, © Account Statement / Copy of Passbook af account proposed as new RERA Banke Account, «4. The proposed RERA Bank Account shall pened inthe local Bank branch where ‘the project i going on inthe state of Karnataka, (it) Promoter is also requted to submit fund transfer compliance letter as per Template Form 7 (Confirmation letter for change in RERA Bank Account) along with Form ‘Template Form 8 (Certificate of fund transfer from Bank with new RERA Bank Aeccunt) ‘and Proof of previous RERA Bank Account closure 8. Powers of the Authority on RERA Bank Account (0) Upon revocation ofthe registration, the Authority may direct the bank holding the RERA. Bank Account to freeze or dereeze the said account, to facilitate the remaining evelopment works in accordance with the provisions of sections 7(4)() and & of the et ‘The Authority may inthe intrest of the allottees, enquire into the payment of amounts 19. 5 gesgfeleamann amataka RealEstate Regulatory Authority (By the approval of Hon’ble Chairperson) copy to, 4, PS to Hob’ble Chairman KRERA for information, 2. PSto Member-1 KRERA for information, 3. PSto Member-2 KRERA for information. 4. Record copy, SS RE TE SRS TSE TS SAE ——— rerakaratahagpvin5 Oabet ages? Robots aRGed, swackle se 2 com ng use ig, ono eget netomat, it a Op rn rome (renner) anouiEer’s cemminicaTe submitted Jon of Project and for withdrawal of Money from Deslanstes Account) to The (ame & Addeess of Promoter, Subject: Cerfiate of Percentage of Complesion of Construction Workof No, ‘of Bulls) irs} of the _ nase of he Proc [Karnataka RERA Registration Number stated on the Pot bearing CN. No/CTS No /Survey na final let 9, demarcated by ts boundaries (attuds and longitude ofthe end pains)_—_tothe worth _ the Sout tothe tar othe West of Dion age ‘ila Diet on ‘admeasuring sts area being developed by iPrometers tame) WWe_____ have undertaten assignment as rchtact/Enginerof certifying Percentage of Comslation of Construction Work of the _2uiig( Wines ofthe 1256 of the Projet, situated on the plot bering C1. No /CTSNo/SurveynoJFinal Potra__of Dison vag taluka Diet Pw sdmeasuring. saumts. area being developed by (Promoters Name] as pe the approve plan 4. Foioning echnical profesional are appointed by Ownes/Promoter 2s appicable) Mis /Snei/Sme_— as Arhitec/Engineer @ Mis/Sni/t as stuturat constant 4) ps5 5 MEP Constant Uw) ts/snnys 25 Ste Supenssor/clerkof Works essed on Site nepection, with respect to eachaf the Bulding/ Wing ofthe aforesaté Real state Project eet that as onthe date of tis cette, the Percentage of Work done french ofthe ulin ofthe RealEstate Project a repstred vide number _ ‘under© TarntakaRERA asp ale Ahern Below. The percentage ofthe work executed with cobe® agit dohogrs sghred. toortle ei, 2 sits Hag ao SP, alll WE, Newt DMP Goce orn SOR foveach ofthe actity of the entre phases detain Table And baling able tngNumer —siaphey ei € (tobe prepared septrately foreach Biking? Wing ofthe Project eatin aie waar a th umber of Pours ‘iioor punber of Sabi efSuperstoetare TT imamate, Intemal Paster, Florngs wii Fate/oremises, Doors anaWindowsto each ofthe | at/Peemises | Sanitary Fitings win te Fat Premises aces lifts Wells nd tobbies at each oor evel fonnectng Starcazes sts, Overead and round Water Tanks The external plumbing and ereral pave, elevation, | Completion of traces wth waterproofing ofthe BllngrWing. instalation at is waterpones, Fre Fening Rina | [nd Equipment 25 per CFO NOG lect tings Common Areas, ect, mechanical eqviement, Coralenc condition of ensironment/CRZ NOC, Finishing t entrance obby/'s, pint protection, paving fof areas appurtenant to Building Wing, Compouné “a anal other equements as may be requiedto (Obtain Qecupaion/Completion Centcate_ vanes stem Devel si the entire Repstered Pi | Common ares and Fa No, | Amenities (ves) Work Bone Proposed Fereniage of Remar | Roads Fost ater Supply Sewerage chamber Tne, Septic Tank TP Storm Water Drains tar Pantin raetapinge Tee sembarautagorinsan thom waged ot nts at tata, peer armed 4 ® Oone® axger Aovoge aaHRT. Hoertle ‘Seek ante ‘Community eulngs Treatment and daposal of sewage and slag water /STP Sold Ware Management & Disposal ‘Water Conservation, Rain Water Harvesting, Peresating wean Ener Mragement Fire Protection an Fire Safety Requirements Electrical Meter Room, Sub statio, Receding Station ‘thers (Option to Add more) Yours Fahl, Signature & Name [IW BLOCKLETTERS} OF Architet/Engneer (ens HO.) Ateainimomigt anne cin ogninremee, (© peer oe em) Bobet axes Daogce aRHeed. deere ron-2 ENGINEER'S CERTIFICATE {Tobe submited a the time of Registration of Project and or withdrawal of Money frm Designated ‘recount Project wise) bates te The (ame & Adress of Promote), Subject: Cerieate of Cost ncred for Development of(roject Name for Construction of ligt Wings) of he phase (AERA iegatration Nambed stuated onthe Mot Bearing CN. No /CTSNo/Survey no Final Pot no Demarcated by ts boundaries astude and longitude ofthe endpoints) tothe North tothe Sout tothe tart tothe West oF Dviion vis, taluka Dati PN ‘aeosring ait, area being developed by (Promoter) Ref: RERA Registration Number _ sir, ie, have undertaken assignment of ceetving Estimated Cost forthe Rea state Project proposed tobe repstered under Karnataka RERA being, ult Wings) of the_____Phasestuoted onthe pot bearing CN. No/CTS No/Survey no Jil Pot 1. of Division nage tala ste pa adineasuning sunt, area being developed by {Ovmer/Promoten 1. Following tecnica professionals are appointed by Owner/Promoter-s appicable) a. M/sishns, as Archtet/ngineor be Mls as Structural Consutart Missin a MEP Consultant spss as Quanty Surveyor rerukamatkagorinCe babes axel? Qoboye apHed. ewes BE) ance ai soa ane sar tenant, |G Asters ty mse Nae ste tr, ish torment [We have estimated the cost of the competion to obain Occupation Cerifeate/Completion Certs, ofthe Chil, MEP and Aled works of he Buln) of the project, Our estimated cost atcltins are based on the DrawingPians/speciations made avaabe to us fer the proect under reference by the Developer and Constants an the Schedule of tems and quantity forthe centre work 35 ealeuated by quantity Suneyer* appointed by evlope/Enginer and the site nspection cared out by us. 3. We estimate Total Estimated Cot of completion of he buldings) ofthe aforesaid roc under reference 35. (Tota of Table A and 6). The estimated Total Cost of Prec is with reference to the Cul, MEP and alled works required to be completed for the purpote of obtaning occupation cerfate/completion certincatetinal release order forthe ulinglsMayout from the being the Panning Authority under whose Jurisdiction te aforesaid projects elng implemented. 4. The Eainated Cost incur til dat is cakeulated at Rs (Tota of Table A and 8). ‘he amount of fstimated Cost ncrad is calculated onthe base of amount of Total Estimated cont 5. The Balance Cost af Completion ofthe Ca, MEP and Alle works ofthe Bung ofthe subject roject to ebtsin Occupation Certfsate/Completion Catfeate/eieaze order {tom ___ [Planning Autor) is estimated at Rs. ‘and 46 certify thatthe Gost of the Ch, MEP and alld work forthe aforessd Project as competed on (Total of tele the date of ths certteate is as gen in Table Aan 8 below, TABLE Butane Wing berg Humbe ove {tobe prepares separate foreach Bulg? Wing ofthe Real Exate Poet SNe [Farle Proms to] aa Est Cn af te Ballaglvig 09 dae of Registration Toatinearied as on ‘Wark done in Percentage ax Peroniaga othe etiated ost) ance Come ta be cred asedon Esimated Coa) | ‘Eas ncured onion ee a0 texted nthe Ea Con ae _ |rae ean oer Seea aes ar ee ence eerie emery @) Bobet anxeloF Datogre mderd, wore <7] Fae “Total sinata Con he balaTuna aon | date of Regions Gestnered son - ‘Work done in Percentage os Percentage fe estimated cost ce COR Ta Be area (aed on CRs oe 7 Gentine on Adona/Et ems 5. ‘ot inden te imate Con Tale C) Yours Fatty, Signature of Engineer eenee Nene ‘Hote 4. Theseapeofwerklt to complete ete Rel Estate Project as per drawings aporoved from tne ‘etme so as to obtain Occupation Ceticate/Completion Certcate/tna release over. 2. (Quantity Survey canbe done by oe of Ergozer or canbe done by an independent Canty Surveyor whose certificate of quant eacuated canbe relied upon bythe Engineer. Incase of independent quantity surveyor bing sppinte by Promoter, the name hast be mentioned a the place marked "an in case quan ae being calculate by fice of Engines, the name ofthe person inthe office of Engineer, who's responsible fo the quantity tale shoul be mentioned athe place mara 3, ‘Theeimated cost nudes al abou, materi, equipment and machinery requled to carry out ete work 44 Astis san estimated cost, any deviation in quantity required for development ofthe Rea state Project wl esultin amendment ofthe cost ncutedto be Incured. 5 All component of work ‘ith speciation are leave and not exhaustive Tabie-€ st of xtra/Adions tems executed with Cost (hich were not part the one Estimate of Tota Costet cts ager, uosteimeener, | ‘CHARTERED ACCOUNTS CERTIFICATE (On Letter Head) (FORREGISTRATION OF A PROJECT AND SUBSEQUENT WITHDRAWL OF MONEY) Cost of RealEstate Project RERA Registration Number ie } ‘Son | Preis our in finated | ured Pais (eatun-a | ctun TP tad oat a Reguistion Cost of Land of Development Rights, lease Premium lease rent, interest cost incurred of payable on Land Cost ana iegal ost 1. Amount of Premium payable ta. obtain development rights, FS, addlonal 5, fungble area and any ether Incentive under OCR from local Authority or State [Government or any Statstory ‘atority Acquistion cost of TOR 4 am) 4. Amounts. payable to state ‘Government or competent authory or anyother statutory authority of the State or Central Government towards stamp duty transier ‘charges, registration fees ee {© Land Premium payabe as per annual statement of rates (ASR) for redevelopment of lend owned by Public Authorities 1 Under Renabitation (Estinated constuction cst of rehab buling including ste evelopment ae infestrucure forthe same as ete by Engineer rebar govinOabe® axis? Dobogre aaa. Heerkle cae 2 ae, et wee op etd oer hoxton, G Si, ene 2 dog Sane | Parcaiars Fount nS) Tainsed Tecurede Paid (cohen-A (Colum 8) ‘Coton (i) etal Cost of construction of rehab bulngineuted a er the Boks of secaunts as verted by the CA (Column) Note: for toa cost of construction neated, Minimum of) or it be considered) (i)cos towards earance of land ‘fallorany encumbrances Including cost of moval of legafilegal occupants, cost for roving temporary transit Secommocation Yet leu of rans Acommodation, fvernead cost. (feast of AS inked prenium, fees, charges and security epost or maintenance epost, or any amount vnatsoeer gaya to any Suthores tna an in project of rehabilitation SubsTotal of ano cost 2 Development Cost(Cost of Constrction: 42: () Estimated Cost of Construction as conted uy Engincer {olin 8). {i Aceal Cost of Construction incurred as per the books of accounts a5 vere by the CA (Coiuron-8) Note: (for aig to total cost of ‘constuction incurred, Minimum of (or (i isto be consiered {i} Onsite expenditure for evelopment of entre preect ‘excluding cos of construction as per oF) above, essai, onsutarts es, ste overheads, development works, cost of | serves Gncading water, } a reams govin¥ Saver oxdebs Sabogcs ape. evertis -)) = SF GS) cai ae coum gt age ge, case ager norman, |G ce) ses ee eee Seo, | Parcs ‘amount Fi) Faimaved Incired & Pat L (colun.a. {col 0) | elect, sewerage ranage, layout oadscte), cstof machineries and equipment inding its ire and ‘maintenance costs, consumables ete. llcostsvelyncures 10 complete the construction ofthe entre pase of he project repsteres. bs Payment of Taxes, cos fas, charges premiums, interes te to any Statutory Author « tmterest payable to nancial Inetutlons scheduled banks, ron-tankng financial instaion | (wWaFC) or money lenders on | constuction fending or moeey borrowed for construction: Sib Total of Development Cost 2 Total stimeted Cost of the RealEstate Projet (10+ 1 (oF Estimated column |5 Total Cotincurved and Paid ofthe Real state Projet (1041 fot neuted Colomn 8 4 Percentage of completion of Construction Work (as er Project Arcee’ Certete on completion of rect) % 5 Proportion of the Cos incured on Land Cost and Construction Cost tothe Total Estimates costa) % {5 Amount which can be withdrown fom the Designated Account Total Estimated Cost ‘Proportion of cost incured an pad (Sr. number 2*t.number 5) 7 Less: Amount withérawntil date of tis erica as pe the Books of Accounts and dank ‘Statement 8 NetAmount which ean be withdrawn from the Designated Bank Account under this certificateBaber axes? Votoyse aegwed, soeréle SING 2H OD, tat MYO Np, aSOH Og, NartsnmoxTa, See yt Se en S07 “This cerifieat is being sued for RERA compliance forthe Company (Promoter's Ware) andi based onthe records ard documents produced before me and explanations provided tome by the management ofthe Company Yours Faith, Signature of Chartered Accountant (embership Number. ) (ADOITIONAL INFORMATION FOR THE PROJECTS) 1 Estimated Balance Cost to Camplte the Real Estate Projet (Gitferenceoffotl Estimate Project cost ss Cost incurred) 2. alance amount of receliabes rom sol apartments ‘sper Ranesure-Ato this certfat (0 certifi by Chartared Accountant a verified fromthe records And books of Accounts) 3. (9 alance unsold area to be cried by Management 2nd ‘tobe vere by CA frm the records and books of accounts) (i extimates amount of sles proceeds in cespect of unsold apartments 8 per Annexure toths certs 4 Gaimated receivables of ongoing projet Som of 2+3 (0) Asount to be deposited in Deserted count ~ 7050” 100% ate renter than then 70% ofthe bolonce eceables oF ‘Ongoing projet wl be deposte in designated Account. ft istesserthan 1, then 100% ofthe balance recenables of the project lve deposited in designates Account “ ‘Thscesiteat is being sued for RERAcomplance forthe Company (Prometer’s Name] ans based on the records and documents produce before me and explanations provided tome by the mensgemert of the company. Yours Fitna, Sensture of Chartered ecountant (Membership Number ne) nameSoi a sa, gt Rd eR, DE Ao, Met DAC, Bhat rac S27 “AnnenuresA “Statement for calelation of Rcelvables from the Sales the Rea Estate Project: ® bobet wifits? onogre ape, sortie Soli tvertony Sie PloiAina/rat [Area(in Consideration as | Received | Balnez ‘| Ne. sams) | per amouat | Amount | Dereement/eiter | ofAlotment| {Unsold Inventory Valuation) Of the Resieral/commeria premises Rs pers. Plg/Univiet No, | Ava Gasants) [ConsiderationCaner agree Gobogce aRHeed. sweetie sa 20 <0, Teg yd eG BW BP, oct, __ Sg, ink evi rox (ON THE LETTER HEAD OF CHARTERED ACCOUNTANT (WHO I STATUTORY AUDITOR OF THE PROMOTER'S COMPANY/FIRM) ANNUAL REFPORT ON STATEMENT OF ACCOUNTS ‘To NAME & ADDRESS OF PROMOTER) SURIECT: Report on Statement of Acounts on project fund utilization and withrowal by (Promoter) forthe period om ___t0 ith respect to RERA Regn. Number 1 This certfcate is sued in accordance wih the provisions of the Rel Estate [Regulation and Development Act 2016 read long with the Karnataka Rel Estate Regulation and Development) ules, 2017 12 UWe have obtained all necessary information and explanation from the Company, during the course of ur aut, wach in your opinion are necessary forthe purpose of thiscertfcate 4 WWe hereby confirm that /We have examined the prescribed registers, books and documents andthe relevant records of fromotr) forthe period ended. “and hereby ery tha: (i) M/s,___romater) have completed % of the project tiled _{Name) ERA Regn No located at Amount collected during the year for is project Is Rs and amounts collect i date (a) Amoust withdraw daring the year for HE project i Rs, and amount withdrawn tl dates 4. We cetify tht the (Name of Promote) fas wlleeé the amounts collected for project has been in accordance withthe proportion to the percentage of completion of the project (pat, please specify the amount withdrawn in exces of eg amount or anyother exceptions) (Signature and StmpsSea ofthe Signatory CA) Name of the Sgraton: Membership No. contact No ace & Address,Cabot aici? Dadoges zeHeed, tertit SUN, 2st, age eget ast age, totem, | $e eS of Seach FORMS APPLICATION FOR CHANGE IN RERA BANK ACCOUNT To, Kernataka Real Estate Regulatory Authority, ‘Sub: Application for change in RERA bank account Ret Project Name: Promoter Name: Project Registration No. esr Sr, Wa reference to the above mentioned subject 1/ We woud tke to apply for te Authority's epprova forchange inthe RERA Bank Account wil be openedin the local branch where the project Is going on 35 pe the folowing deta ‘Eristing RERA Bank Account Bank Name Branch Warne ‘ecount Ne TSC Code ‘Proposed RERA Bank Account (in the local branch where the project is —-seingeon) | 5C Code we solemn affirm and decor thatthe particulars glven Ia herein are corect tomy our knowledge ad bale 1 We urther undertake thet shal freeze all vansactons fom the sid account uti RERA conveys its \desion onthe RERA Bank account change apleation, Date Pace: ‘Yours atl, Name, Signature and Sea ofthe Promote Authorized SignatoryOobe® axel? Dabogis agoaed, were @y sin sin, ap Magne wpe cats ogee, toarmonae, | = Soe eet, Dae Oras HOHE DRAFT AFFIDAVIT {FOR SEEKING CHANGE OF RERA BANK ACCOUNT OF PROIECTS UNDER PROCESS) Wwe Diector/9/ Designated Partner/s [Partners [Proprietor of the Promoter Me _, a Company incorporated under the Companies Act [A duly Incorporated LIP, A Patership Frm Proprietorship fm Promoter having s/n registered office — Promoter of the Project” =) having “ehnowledgement ho, ~ de hereby slemnly afi to sate on oath ss folows i 3. Submit ht atthe ime of application fo grant of regtraion ofthe Project campsance wit ‘Section 4 2 ()(D) lve Fave given detals af be Separate Project ant account ft depost of TO % of the amounts covecled tem the Albtocs the Proget fhe Bane Branch, esting Account No, | Sam Mahe regisvain forte Proje: nso ot been granted sunt tat (give reasons for seeking change of bank abcount if), because of whieh bona reson nas booome necesea' for us to sek or change of bank aout, ‘submit tate are seeking for change of bank account for he sfocosa bona reason and not for any otter reason ard In suppott of te same lie have submited the necessary ‘documents 1 suport tne application for change of bank secount. 7 sebmtthat fe have not cotected any monay fom any Aloe and deposted he same in te Pec bank sccount opened inthe local branch whore the projects gang on ot whch deta have been gen 8. I submihal we ae not seeking fr change of bank account to defeat te ght of any credo! LondorlsaraeFnanciletitone 8. 1 submit tnt] Yao are at sacking for change of bank account inorder to evade due process ot ‘aw heedy affectng operation ofthe extn Prec bank account, including any proceedings Inlatediorders Passed unde: th Inscvency and Bankruptcy Code, 2010, 10. submath therhis of any Alotets nthe Proj wi ot be aed du othe change of ‘out 11 subeithat We undertake to full al franca comments in ore to ui al obligations cast ‘on mel under The Reel Esiate (Regulation and Development) Act 2048 and The Karnataka Fea Estate (Reguaion and Developmen) Rules 2017, oe | submit that what i stated above is true tothe best of my/our information and belle and this s ‘your signatures. ate Pace: DDEPONENT/S SWVORN TO BEFORE ME SS ENT ETON rae aT 7 ‘era amatakagovinA BR, Sebe® ails? Nobogw xyGed. svekds (ED) aires i ngoo ot as caer tarammeer, : wer ger toa Gem ron é No OnECTIONCERTIRCATE OF ACCOUNT EAANCE OM BANK WT EXISTING RERA BANK "cout to, Karnataka RealEstate Regulatory Authority, Sub: Details of current RERA Bank Account Promoter Name: Project Registration No. et Project Name _ Dears, ‘isis cen that ‘operational with oor banka pr flowing details __ (name ofthe Promoter has RERA Bark Account kame | Branch Name ‘Account Holler Name ‘Account No. ype ot Account WSC Cae Closing Balance fas on ins Tisisto ceri that 4 There ate no orders for attachment/frezng the subject bank account have Been issued by ny statutory Authority, Inching Income Tax Departrrent/SST or any other statutory ‘Author. 2. No order/s of injuncton have been communicated tous or any notice served onus by any ourt/Tunal or aus jeicalAuthoy by virtue of which the Promoter is restrained from ‘perating the secoun oF ehanging the bank account 13. The Promater has not defauted a repayment of any borrowings from the bank éue To which t/he/she ls protied from changing the Project bank account. \Vwe solemnly affirm and declare that the parccularsghen inheren are coxrect to my/our knowledge ann belie, ate ‘Yours fatty, ‘Name, Signature an Seal ofthe Bank Authored Signatory 6 ra rerskaatakagoina abst maetsP danogss mpHELd. seeks wa 1s eta yes apt ea get uorneno, a ett By ei ‘CONFIRMATION LETTER OF CHANGE IN RERA BANK ACCOUNT IN LOCAL BRANCH WHERE THE PROIECTIS GOING ON. Xarataka Real Estate Regulatory Authority, Sub: Confirmation of change in RERA Bank Account 2: Project Name: Promoter Nome! Project Resstaton No, With reference my / our sppicaton for charge in RERA Bank Account vide letter dated and as per the terme and conditions mentions inthe i-princia! approval eceived rom ‘ie Aathory vide letter / email dated NIV We confer tat the RERA Ban Account has been changed and an amount of Rs. (in Woes: cee shat been wansfred tothe nw RERA Bank Acount Tnderake that shall perat the RERA ank Recount in compliance with AERA Ac, Rules and Regulations, Previous ERA Bank Account Gonkhlame a ranch Name Decount Holder Nome SC Code Deco No anki | oa Branch Name Recount Holder Name Recount No. sCCode We solemnly afin and deta that the partic ivn in herein ae correct to my/our knowledge and tai. ate Pace: Yours faut, Name, Signature and Sea of the Promoter Authorize Signatory Note:The Bank Account shouldbe opened in theloca branch where the projec isgoingon. rrr 2 er 2S SSO STE RE RG EE —— aesBal 2 eam, Ta AE CG, ABH ORF, Laat MOAR, er eat, eto ero) ® baie? axfets? Dooges mpd. emctle FoR CERTIFICATE OF FUND TRANSFER FROM BANK HAVING NEW RERA BANK ACCOUNT To, Karnataka Rel Etate Regulatory Authorty, Sub: Detals of RERA Bank Account Ref: Project Name: Promoter Name Project Reiteation No. Dears, ‘Thisieto crit hat the Promoter _ __hasthe bank account operational with cur bani sper fotowing details ‘Bank Name _ | Branch Name Dezount Holder Name Decourt NO. “Troe of Account ESC Coole ‘sing falance (on ers, Fucter, 2 sum of Ain words hasbeen reited into the above mentioned bank account on date Date Proce Yours tal, Name, Signature and Seal ofthe Bank Authorized igntory rerukananbagovinNei crund iw ie il Bl Uy Balle, C3 1 Congnd3*Cr, ‘enan tot Bnpi007 @ Real Estate Regulatory Authority, Karnataka DRAFT AFRDAVIT {FoR SEEKING CHANGE OF BANK ACCOUNT OF REGISTERED PROJECTS) We [Director Designated Partners /Partne/s[ropretor of the Promoter Wis company incorporated under the Companies Act / Ady Incorporated UP A Partnership Fl Popretrstip rm Promoter having isn regstered fice st rece Prater of the Project” wing ‘pantedreitraion bearing No. do era slesiy afer to state tnoath slows: 1 eb hat | anvWe are ay Auris o sear tots sit 21 bat tat oury prota bean ogstred and the said regan wait and subsist. 31 Submt that a he tre of appteaon for grat! telavation ofthe Project compliance wih ‘ection «(2 (0) Hine have Quen deat ! he Separate Project Bank account for dost of 70% Gr the atauntscollcted tom the Alotees in. the Project ‘sank, — rare 7 pearing Recount No.” ‘nd ‘Beary Projet agaed Tyco as tho Joveopment tk ofthe Progct s ongoing ad sy be compete, SE ne Gi rasons fr seeking change af Bonk accourt in rf Factuan of whch Dorado ANON fas became nocessaly for us 4 Peck for change of bank ‘romint uti hl We ae seeking fr change ef bark aecount othe aforsad ona eason and not fee any ther reason adn suppor ofthe tame Lo have submaed the necessary documents to ‘Stppot he apaction fo: change o bark acount Peat tat de have compled ine requremonts of Secon 4 (2) () (0) a8 regards to wihdroval “iunds in proportion to perzeniage sf complain of developmen work nth Project and Ie wil ‘one ta ul hes fequremons Sr'subrat that No exing Bane projet Bank accoun has pol been attachadttozen by any aunbuns or quest uc Autom ad hepa IW have chained the NOGIEtorsment from he bank and have srt he sre Sine sub that, Ne have ol vied any the aw forthe tine bing in fore v0 to which Le tae iain th tom oparaing ne teresa project bark account. Suwe. sean tnet We. have. not voliad or commited defaut_ in respect of any CSntechundetakngfoen agreement flaing to an Teanborowing advanced (0 mols fo the Sips of dovelopsont of hs Prjct due fo whch /We ae esraned ner menner whatsoever, {fom operating he exsing projet bank acount ‘Tart et to are at ateling for changa of bank account to detest the fot of any cedtors) LondorfbarkeFinanel netolonlAltees, {ZT sven het fo arent sexing fr enangeof ark eccount inorder to evace de process ot iba, beraty alfecing cperaton of the exiing Prefect bark sccount ndudng any proceedings Intedoreze Pass under he any cour runal or quashjusca Athos "Tub et the nghls of sy Altos In tha Project wil nol be afc duo tothe change ot [an'Ssseunt and tise. ere’ fo edera‘cectng.malus fo. make. any payients towards Pauhacorunsatontres en teeing project bank scsourt fo any Arai ine Pract an “eude Geors, any, eve buen ecoasd and myfoureblgatons under such orders shall be flog by raf even ser approval four equest for change of bank account. "a suent hat UWe undetae tof al inane contents inode of logon cast hele Under Th Rea! Estate (Reguaton and Development) Met 2016 and The Kemataka Real Ente (Regulation and Davelopest) fies 2017. I/Wresubmt that what i stateg above is Ueto the best ofmyfour information and belle and ths ‘emour signatures Date Pace DeroneNt/s SWORN TO BEFORE ME Contact Non hetfay ass, Website: vera harmaak.gin