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    FORM3

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    Kaleem CA
    This document contains a Chartered Accountant's certificate for a real estate project called Chaanakya's Concept City Stay Aprera. [1] It provides details of the estimated and actual costs incurred for land acquisition and construction. [2] The total estimated cost of the project is Rs. 3.09 crore and the total actual cost incurred so far is Rs. 2.31 crore. [3] Since 65% of construction is complete, the CA certifies that Rs. 2.31 crore can be withdrawn from the designated bank account for the project.

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    FORM3

    Uploaded by

    Kaleem CA
    50 views2 pages
    This document contains a Chartered Accountant's certificate for a real estate project called Chaanakya's Concept City Stay Aprera. [1] It provides details of the estimated and actual costs incurred for land acquisition and construction. [2] The total estimated cost of the project is Rs. 3.09 crore and the total actual cost incurred so far is Rs. 2.31 crore. [3] Since 65% of construction is complete, the CA certifies that Rs. 2.31 crore can be withdrawn from the designated bank account for the project.

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    FORM-3

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    This document contains a Chartered Accountant's certificate for a real estate project called Chaanakya's Concept City Stay Aprera. [1] It provides details of the estimated and actual costs incurred for land acquisition and construction. [2] The total estimated cost of the project is Rs. 3.09 crore and the total actual cost incurred so far is Rs. 2.31 crore. [3] Since 65% of construction is complete, the CA certifies that Rs. 2.31 crore can be withdrawn from the designated bank account for the project.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views2 pages

    FORM3

    Uploaded by

    Kaleem CA
    This document contains a Chartered Accountant's certificate for a real estate project called Chaanakya's Concept City Stay Aprera. [1] It provides details of the estimated and actual costs incurred for land acquisition and construction. [2] The total estimated cost of the project is Rs. 3.09 crore and the total actual cost incurred so far is Rs. 2.31 crore. [3] Since 65% of construction is complete, the CA certifies that Rs. 2.31 crore can be withdrawn from the designated bank account for the project.

    Copyright:

    © All Rights Reserved
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    of 2

    FORM-3

    CHARTERED ACCOUNTANT'S CERTIFICATE


    (FOR REGISTRATION OF A PROJECT AND SUBSEQUENT WITHDRAWAL OF MONEY)

    Cost of Real Estate Project : CHAANAKYA’S CONCEPT CITY STAY , APRERA


    Registration Number_ P02260121722
    Sr.No PARTICULARS ESTIMATED INCURRED
    (Amount in (Amount in
    Rs.) Rs.)
    a. Acquisition Cost of Land or Development Rights,
    lease Premium, lease rent, interest cost 1,23,60,000 1,23,60,000
    incurred or payable on Land Cost and legal cost. -
    -
    b. Amount of TDR payable to obtain development
    1(i) rights if any, additional floor area through TDR if
    any, and fungible area. -
    LandCost
    c. 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
    a.
    c. d(i)E
    b. stm
    ae SUB-TOTAL OF LAND COST 1,23,60,000 1,23,60,000
    a.
    (i) Estimated cost of Construction as
    Certified by Engineer 1,85,40,000 -
    1(ii)
    (ii) Actual Cost of construction incurred as per
    Developme the books of accounts as verified by the CA 1,08,25,581
    nt Cost/
    Cost of Note:
    Constructi (for adding to total cost of construction incurred, -
    on: Minimum of (i) or (ii) is to be considered)

    (iii) On-site expenditure for development of


    entire project excluding cost of
    construction as per (i) or (ii) above, i.e. -
    salaries, consultant fees, site overheads,
    development works, cost of services
    (including water, electricity, sewerage,
    drainage, layout roads etc.), cost of
    machineries and equipment including its hire
    and maintenance costs, consumables etc. All
    -
    costs directly incurred to complete the
    construction of the entire phase of the
    project registered.
    b. Payment of Taxes, cess, fees, charges, premiums, - -
    interest etcto any statutory Authority.

    c. Principal sum and interest payable to financial


    institutions, scheduled banks, nonbanking financial
    institution (NBFC) or money lenders on -
    construction funding or money borrowed for
    OF construction;
    DEVEL
    LNT
    OPME
    COST
    SUB-TOTAL OF DEVELOPMENT COST
    1,85,40,000 1,08,25,581
    a.

    Total Estimated Cost of the Real Estate Project [1(i) + 1(ii)]of


    2 Estimated column 3,09,00,000

    3 Total Cost incurred of the Real Estate Project [1(i)+1(ii)] of 2,31,85,581


    incurred column

    4 % completion of Construction Work 65%


    (as per Project Architect’s Certificate)

    5 Proportion of the Cost incurred on Land Cost and % 75.03%


    Construction Cost to the Total Estimated Cost. (3/2 %)

    6 Amount which can be withdrawn from the Designated


    Account(In %)
    2,31,84,270
    Total Estimated Cost *Proportion of cost incurred
    (Sr. Number 2*Sr. Number 5)
    (100% On)

    ***Expenditure of the project determined based on Bank Statements, Previous Income tax returns
    and management explanations and we are not verified any invoices.

    This certificate is being issued for RERA compliance for the Company M/S ISHA ESTATES
    AND HOLDINGS and is based on the records and documents produced before me and
    explanations provided to me by the management of the Company.
    For M/s. Komma Reddy & Associates
    Chartered Accountants,
    FRN: 023140S

    K. Gagga Reddy
    Proprietor
    M.No. 237818

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