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1
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(¦ÉÉMÉ BEò, BEò-+ ´É BEò-±É ªÉÉƨÉvªÉä |ÉʺÉr ùEäò±Éä±Éä ´ÉèvÉÉÊxÉEò ÊxÉªÉ¨É ´É +Énäù¶É ªÉÉÆ´ªÉÊiÉÊ®úCiÉ <iÉ®ú)
´ÉèvÉÉÊxÉEò ÊxÉªÉ¨É ´É +Énäù¶É ; ªÉÉiÉ ¦ÉÉ®úiÉ ºÉ®úEòÉ®ú, =SSÉ xªÉɪÉɱɪÉ, {ÉÉä±ÉÒºÉ +ɪÉÖCiÉ, +ɪÉÖCiÉ (®úÉVªÉ =i{ÉÉnùxÉ ¶ÉÖ±Eò),
ÊVɱ½þÉnÆùb÷ÉÊvÉEòÉ®úÒ ´É ÊxÉ´Éb÷hÉÚEò +ɪÉÉäMÉ, ÊxÉ´Éb÷hÉÚE òxªÉɪÉÉÊvÉEò®úhÉ, ÊxÉ´Éb÷hÉÚEò ÊxÉhÉÇªÉ +ÊvÉEòÉ®úÒ ´É ÊxÉ´Éb÷hÉÚEò +ɪÉÉäMÉÉJÉɱÉÒ±É <iÉ®ú
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´ÖÆüÖ¸üÖÂ™Ò üãÖÖ¾Ö¸ü ÃÖÓ¯Ö¤üÖ ×®ÖµÖÖ´ÖÛú ¯ÖÏÖ׬ÖÛú¸üÞÖ
“ हाऊसिफन भवन ”, Ãलॉट नं. सी-21, “ ई ” Åलॉक, बांदर्ा-कुलार् कॉÇÃलेक्स,
बांदर्ा (पुवर्), मुंबई 400 051, िदनांक 22 िडसȂबर, 2021.
महाराÍटर् Îथावर संपदा िनयामक Ģािधकरण (सवर्साधारण) (दुरुÎती) िविनयम, 2021.
कर्मांक महारेरा/अिधसूचना/280/2021.—Îथावर संपदा (िविनयम व िवकास) अिधिनयम, 2016 च्या कलम 85 मधील उप कलम (1)
व उप कलम (2) चे कलम (1)अंतगर्त Ģदान केलेÊया अिधकाराचा तसेच याबाबतीत समथर् करणाऱ्या सवर् अिधकारांचा वापर करून महाराÍटर्
Îथावर संपदा िनयामक Ģािधकरण (सवर्साधारण) िनयम, 2017 यामध्ये दुरुÎती करण्यासाठी खालील िविनयम करीत आहोत.
1. शीषर्क व Ģारंभ :-
(1)
या िविनयमांना महाराÍटर् Îथावर संपदा िनयामक Ģािधकरण (सवर्साधारण) (दुरुÎती) िविनयम, 2021असे संबोधले जाईल.
(2)
हे िविनयम शासकीय राजपतर्ात Ģिसlj झाÊयापासून अंमलात येतील.
2. मुख्य िविनयम.- हे महाराÍटर् Îथावर संपदा िनयामक Ģािधकरण िविनयम, 2017 यामध्ये दुरुÎती करतील. (यापुढे मुख्य िविनयम
संबोधले जाईल.)
3. पुढील िविनयम मुख्य िविनयमाच्या ितसऱ्या िविनयमांची जागा घेईल.
वेगÐया खात्यामधून पैसे िवतिरत होण्यासाठी ĢकÊप वाÎतु िवशारद, ĢकÊप अिभयंता, सनदी लेखापाल यांनी िदलेली व बँकाकडे सादर
केलेली Ģमाणपतर्े अनुकर्मे नमुना 1, 2 व 3 मध्ये असतील. नȗदणीकृत Îथावर संपDŽी ĢकÊप पूणर् झाÊयावर ĢकÊप वाÎतुिवशारद यांनी िदलेले
Ģमाणपतर् नमुना 4 मध्ये असतील.
भाग चार-क-55—1
(1)
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4. मुख्य िविनयमांच्या िविनयम 3अ मध्ये “हे नमुने Ģत्येक िवDŽीय ितमाहीच्या शेवटी सादर केले जातील” याऐवजी “हे नमुने Ģत्येक
िवDŽीय वषार्च्या शेवटी सादर केले जातील”, असे वाचावे.
5. मुख्य िविनयम 4 मध्ये िजथे “वैधािनक लेखापाल” हे शÅद येतात, त्याऐवजी “वािर्षक लेखापाल”हे शÅद असे वाचावे.
6. मुख्य िविनयमांमध्ये िजथे “नमुना -1” जोडले आहे, त्याऐवजी, “पिरिशÍट-अ” सोबत जोडलेला “नमुना -1”अंमलात येईल.
7. मुख्य िविनयमांमध्ये िजथे “नमुना-2” जोडले आहे, त्याऐवजी, “पिरिशÍट-ब”सोबत जोडलेला “नमुना -2”अंमलात येईल.
8. मुख्य िविनयमांमध्ये िजथे “नमुना-2अ” जोडले आहे त्याऐवजी,“पिरिशÍट-क” सोबत जोडलेला “नमुना -2अ”अंमलात येईल.
9. मुख्य िविनयमांमध्ये िजथे “नमुना-3” जोडले आहे त्याऐवजी, “पिरिशÍट-ड” सोबत जोडलेला “नमुना -3”अंमलात येईल.
10. मुख्य िविनयमांमध्ये िजथे “नमुना-4” जोडले आहे त्याऐवजी, “पिरिशÍट-ई” सोबत जोडलेला “नमुना -4”अंमलात येईल.
11. मुख्य िविनयमांमध्ये िजथे “नमुना-5” जोडले आहे त्याऐवजी, “पिरिशÍट-फ” सोबत जोडलेला “नमुना -5”अंमलात येईल.
डॉ. वसंत Ģभू,
सिचव, महारेरा.
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3
MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY
“Housefin Bhavan”, Plot No.C-21, “E”-Block, Bandra - Kurla Complex,
Bandra (East), Mumbai 400 051, Date 22nd December, 2021.
MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY (GENERAL) (AMENDMENT) REGULATIONS, 2021.
No. MahaRERA/Regulation/280/2021.—In exercise of the powers conferred on it under sub-sections (1)
and clause (i) of sub-section (2) of Section 85 of the Real Estate (Regulations and Development) Act, 2016 and of
all other powers enabling it in that behalf, the Maharashtra Real Estate Regulatory Authority, hereby makes the
following regulations to amend the Maharashtra Real Estate Regulatory Authority (General) Regulations 2017,
namely : —
1. Title and Commencement: -
(1) These regulations may be called the Maharashtra Real Estate Regulatory Authority (General)
(Amendment) Regulations, 2021.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Principal Regulations: - These regulations amend the Maharashtra Real Estate Regulatory Authority
(General) Regulations, 2017 (hereinafter referred to as “the principal regulations”).
3. Regulation 3 of the principal regulations shall be substituted with:
“3. The certificates, issued by the project architect, project engineer, chartered accountant and submitted
to the banks for getting release of money from the separate account shall be in Forms 1, 2 and 3
respectively. The certificate issued by the project architect on completion of registered real estate project
shall be in Form 4.”
4. In regulation 3A of the principal regulations, the words “This form shall be submitted at end of every
financial quarter.” shall be substituted with “This Form shall be submitted at end of every financial year.
5. In regulation 4, the words “statutory auditor” wherever appearing, shall be replaced by “annual auditor”.
6. In the principal regulations, “Form - 1” shall be replaced by Form - 1 appended as Annexure ‘A’ herein.
7. In the principal regulations, “Form - 2” shall be replaced by Form - 2 appended as Annexure ‘B’ herein.
8. In the principal regulations, “Form - 2A” shall be replaced by Form - 2A appended as Annexure ‘C’
herein.
9. In the principal regulations, “Form - 3” shall be replaced by Form - 3 appended as Annexure ‘D’ herein.
10. In the principal regulations, “Form - 4” shall be replaced by Form - 4 appended as Annexure ‘E’ herein.
11. In the principal regulations, “Form - 5” shall be replaced by Form - 5 appended as Annexure ‘F’ herein.
DR. VASANT PRABHU,
Secretary, MahaRERA.
भाग चार-क-55—1 अ
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Annexure A
FORM 1
[see Regulation 3]
ARCHITECT’S CERTIFICATE
(To be submitted at the time of Registration of Ongoing Project and for withdrawal of Money from
Designated Account)
Date
To,
The —————————— (Name & Address of Promoter),
Subject: Certificate of Percentage of Completion of Construction Work of <Project Name> having MahaRERA
Registration Number ____________________(Only Applicable after project Registration) being developed by
[Promoter’s Name]
Sir,
I/ We ——————— have undertaken assignment as Architect /Licensed Surveyor of certifying Percentage of
Completion of Construction Work of <Project Name> having MahaRERA Registration Number
_____________________( Only Applicable after project Registration, being developed by [Promoter’s Name]
Based on Site Inspection, with respect to Layout / each of the Building/Wing of the aforesaid Real Estate Project ,
I certify that as on the date of this certificate, the Percentage of Work done for each of the building/Wing of the
Real Estate Project under MahaRERA is as per Table A herein below. The percentage of the work executed with
respect to each of the activity of the entire phase is detailed in Table B.
TABLE-A
Layout / Building /Wing Number_____(to be prepared separately for each Layout /Building /Wing of the Project)
Sr.
No.
(1)
Tasks / Activity
(2)
Percentage of Actual Work
Done
(As on date of the
Certificate)
(3)
1.
Excavation
2.
Basements (if any)
3.
Podiums (if any)
4.
Plinth
5.
Stilt Floor
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5
6.
Slabs of Super Structure
7.
Internal walls, Internal Plaster, Floorings, Doors and windows within
Flats/Premises
8.
Sanitary Fittings within the Flat/Premises
9.
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and
Underground Water Tanks
10.
External plumbing and external plaster, elevation, completion of terraces
with waterproofing of the Building/Wing.
11.
Installation of Lifts, water pumps, Fire Fighting Fittings and Equipment as
per CFO NOC, Electrical fittings, mechanical equipment, compliance to
conditions of environment/CRZ NOC, Finishing to entrance lobby/s, plinth
protection, paving of areas appurtenant to Building/Wing, Compound Wall
and all other requirements as may be required to complete project as per
specifications in agreement of Sale. Any other activities.
TABLE-B
Common Areas (Internal and External Development Works) in respect of the Registered Phase / Project
Number
Sr. No.
(1)
Common areas and Facilities
(2)
Proposed
(Yes / No)
(3)
Percentage of
Actual Work Done
(As on date of the
Certificate)
(4)
Details
(5)
1.
Internal Roads & Footpaths
2.
Water Supply
3.
Sewerage (Chamber,
lines, Septic Tank, STP).
4.
Storm Water Drains
5.
Landscaping & Tree Planting
6.
Street Lighting
7.
Community Buildings
8.
Treatment and disposal of sewage and
sullage water.
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9.
Solid Waste
management &
Disposal
10.
Water conservation /
Rain water harvesting
11.
Energy management
12.
Fire protection and fire safety
requirements
13.
Electrical meter room, sub-station,
receiving station.
14.
Others (Option to Add more).
Yours Faithfully,
Signature & Name (IN BLOCK LETTERS) of L.S/ Architect
(License No. ………….)
Agreed and Accepted by:
Signature of Promoter
Name:
Date:
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7
Annexure – B
FORM-2
[See Regulation 3]
ENGINEER’S CERTIFICATE
(To be submitted at the time of Registration of Ongoing Project and for withdrawal of Money from Designated
Account – Project Wise)
Date
To,
The ________________ (Name & Address of Promoter)
Subject : Certificate of Cost Incurred for Development of <Project Name> having MahaRERA Registration
Number ____________________(Only Applicable after project Registration) being developed by [Promoter’s
Name]
Sir,
I/ We________________ have undertaken assignment of certifying Estimated Cost for <Project Name> having
MahaRERA Registration Number _____________________( Only Applicable after project Registration being
developed by [Promoter’s Name]
2. We have estimated the cost of Civil, MEP and allied works required for completion of the apartments and
proportionate completion of internal & external works of the project as per specifications mentioned in agreement
of sale. Our estimated cost calculations are based on the drawings/plans made available to us for the project under
reference by the Developer / Consultants. The Schedule of items and quantity required for the entire work as
calculated by ____________________ Quantity Surveyor* appointed by Developer/Engineer, the assumption of
the cost of material, labour and other inputs made by developer, and the site inspection carried out by us to
ascertain / confirm the above analysis given to us.
3. We estimate Total Estimated Cost of completion of the aforesaid project under reference at Rs.
______________________(Total of Table A and B) at the time of Registration. The estimated Total Cost of
project is with reference to the Civil, MEP and Allied works required for completion of the apartments and
proportionate completion of internal & external works, as per specifications mentioned in agreement of sale and
for the purpose of obtaining occupation certificate / completion certificate for the Building(s) / Wing(s) / Layout /
Plotted Development from the ____________________ being the Planning Authority under whose jurisdiction
the aforesaid project is being implemented.
4. The Estimated Cost Incurred till date is calculated at Rs. _______ (Total of Table A and B). The amount of
Estimated Cost Incurred is calculated on the basis of input materials /services used and unit cost of these items.
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5. The Balance Cost of Completion of the Civil, MEP and Allied works for completion of the apartments and
proportionate completion of internal & external works, as per specifications mentioned in agreement of sale, of
the Project is estimated at Rs. _____ (Total of Table A and B).
6. I certify that the Cost of the Civil, MEP and allied work for the apartments and proportionate internal &
external works, as per specifications mentioned in agreement of sale, of the aforesaid Project as completed on the
date of this certificate is as given in Table A and B below:
TABLE A
Building /Wing / Layout / Plotted Development bearing Number_____ or called ____________________
(to be prepared separately for each Building /Wing / Layout /Plotted Development of the Real Estate Project)
Sr. No.
Particulars
Amount (In Rs.)
1.
Total Estimated Cost of theBuilding/Wing / Layout /
Plotted Development as on date of Registration is
2.
Cost incurred as on date of certificate
3.
Work done in Percentage (as Percentage of the estimated
cost)
4.
Balance Cost to be Incurred** (Based on Estimated Cost)
5.
Cost Incurred on Additional/Extra Items not included in the
Estimated Cost (Table –C)
TABLE B
Internal & External Development Works in Respect of theRegistered Phase
Sr. No.
Particulars
Amount (In Rs.)
1.
Total Estimated Cost of the Internal and External
Development Works including amenities and Facilities in
the layout as on date of Registration is
2.
Cost incurred as on date of certificate
3.
Work done in Percentage (as Percentage of the estimated
cost)
4.
Balance Cost to be Incurred** (Based on Estimated Cost)
5.
Cost Incurred on Additional/Extra Items not included in the
Estimated Cost (Table –C)
Yours Faithfully,
Signature & Name (IN BLOCK LETTERS) with Stamp of Engineer
[Not Less than Bachelor’s Degree Holder or equivalent as per Section 2(u) of the Act]
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9
Local Authority license no. _____________________ ( If applicable)
Agreed and Accepted by:
Signature of Promoter
Name:
Date:
Note :
1. The scope of work is to complete Registered Real Estate Project as per drawings approved from time to
time and as per specifications mentioned in agreement of sale.
2. (*) Quantity survey can be done by office of Engineer or can be done by an independent Quantity Surveyor,
whose certificate of quantity calculated can be relied upon by the Engineer. In case of independent quantity
surveyor being appointed by Developer, the name has to be mentioned at the place marked (*) and in case
quantity are being calculated by office of Engineer, the name of the person in the office of Engineer, who is
responsible for the quantity calculated should be mentioned at the place marked (*).
3. (**) Balance Cost to be incurred (4) may vary from Difference between Total estimated Cost (1) and Actual
Cost incurred (2) due to deviation in quantity required / escalation of cost etc. As this is an estimated cost, any
deviation in quantity required for development of the Real Estate Project will result in amendment of the cost
incurred / to be incurred.
5. All components of work with specifications are indicative and not exhaustive.
6. Please specify if there are any deviations / qualifications. Example: Any deviations in input material used from
specifications in agreement of sale.
Table C
List of Extra/Additional/ Deleted Items considered in Cost
(which were not part of the original Estimate of Total Cost)
Sr. No.
List of Extra/Additional / Deleted Items
Amount (In Rs.)
1.
2.
भाग चार-क-55—2
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Annexure C
FORM-2A
(See MahaRERA order no. 5 of 2018)
ENGINEER’S CERTIFICATE FOR QUALITY ASSURANCE
(Site Supervisor’s Certificate)
(To be submitted at the end of Financial Year)
Date
To,
The ________________ (Name & Address of Promoter)
Quality Assurance Certificate
(Certificate No. …………………… for the Year Ending ……………..)
Subject: Certificate for quality of materials used and quality of Construction and workmanship for the work
of <Project Name> having MahaRERA Registration Number ___________________ being developed by
[Promoter’s Name]
Sir,
I / We ...................... have undertaken an assignment of supervision of this real estate project.
Our Responsibility
I/We are responsible for carrying out the work in accordance with the development permission and as per
the approved plan and submit certificate of supervision of work and to carry out material testing in-situ or in the
authorized laboratory and to ensure quality of work and workmanship as per prescribed specifications, and as per
NBC and or other relevant code of practice.
1. Input Materials, Fixtures and Fittings
I/We hereby certify that all Construction material, Fixtures and Fittings with regard to the flooring,
Electrical, Sanitary fittings etc and amenities to be provided by the Promoter in the said Project, building and the
Apartment as are as per specifications mentioned in Annexure 'E', of Agreement of Sale.
For those items, where no specifications have been mentioned in agreement of sale, the materials, Fixtures
and Fittings used conform to the relevant BIS Standards / IS /National Building codes or as per industry
standards.
2. Workmanship - I/we hereby certify that work has been carried out under our supervision. We further
certify that workmanship and quality is satisfactory and up to the mark and the work has been acceptable within
the permissible limits of deviations as per relevant code of practice.
3. Structural Engineer -
Promoters has engaged structural engineer Mr. ...............................having Licenses No. .................... having
Office No. ................. Cell No. ....................................
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11
The structural design of buildings in this project has been done under his supervision. The formwork and
concrete mix design has been done as per IS 10262:2009 or as per other relevant codes as applicable. His
periodic checks and certificates for STABILITY and SAFETY have been kept on record.
5. Preservation of records.- Record of all test results of this project have been properly kept in the
prescribed formats and will be preserved at least up to the defect liability period or for the period as required by
any other provision of law.
Please specify deviation in quality of materials or any other item of work which were not conforming to the
specifications as mentioned in Agreement of Sale:
………………………………………………………………………
………………………………………………………………………
Yours Faithfully,
Signature of Engineer (Site Supervisor)
Name:
Qualification (Not less than graduate)
License No. (if any)-
Phone No:
Place:
Agreed and accepted by:
Signature of Promoter
Name:
Date:
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Annexure D
FORM 3
(See Regulation 3)
CHARTERED ACCOUNTANT’S CERTIFICATE (On Letter Head)
(To be submitted at the time of Registration of Project and for withdrawal of Money from Designated Account)
Date:
To,
The —————————— (Name & Address of Promoter),
Subject : Certificate of Financial Progress of Work of <Project Name> having MahaRERA Registration Number
_____________________( Only Applicable after project Registration) being developed by (Promoter’s Name)
Sir,
This certificate is being issued for RERA compliance for the <Project Name> having MahaRERA Registration
Number _____________________( Only Applicable after project Registration) being developed by (Promoter’s
Name) 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)
Sr. No.
(1)
Particulars
(2)
Estimated Cost
(At the time of
Registration of
Project)
(3)
1.
i.
Land Cost
(a) Value of the land as ascertained from the Annual
Statement of Rates (ASR).
(b) Estimated Amount of Premium payable to obtain
development rights, FSI, additional FSI, fungible area,
and any other incentive/concession in deficiency under
DCR from Local Authority or State Government/UT
Administration or any Statutory Authority.
(c) Estimated Acquisition cost of TDR (if any).
(d) Estimated Amounts payable to State Government/UT
Administration or competent authority or any other
statutory authority of the State or Central Government,
towards stamp duty, transfer charges, registration fees
etc; and
(e) Estimated 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
including site development and infrastructure
for the same as certified by Engineer.
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(1)
(2)
(3)
ii. 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 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.
iii. Estimated Cost of ASR linked premium, fees,
charges and security deposits or maintenance
deposit, or any amount whatsoever payable to
any authorities towards and in project of
rehabilitation.
iv. Any other cost including interest estimated on
the borrowing done specifically for construction
of rehabilitation component
Sub - Total of Land Cost:
ii.
Development Cost/Cost of Construction of Building
(a) Estimated Cost of Construction as certified by Engineer.
(b) Cost incurred on additional items not included in
estimated cost (As per engineer certificate)
(c) Estimated Expenditure for development of entire project
excluding cost of construction as per (i) above, i.e.,
salaries, consultants fees, site overheads, development
works, cost of services (including water, electricity,
sewerage, drainage. layout roads etc.), absorbed cost
(attributable to this project) of machineries and
equipment including its hire and maintenance costs,
consumables etc.
(d) Estimated Taxes, cess, fees, charges, premiums, interest
etc. payable to any Statutory Authority.
(e) Interest payable to financial institutions, scheduled
banks, non-banking financial institution (NBFC) or
money lenders on construction funding or money
borrowed for construction.
Sub-total of Development Cost :
Total Cost of the Project (Estimated)
*Pass through charges or indirect taxes not included in estimated cost of project.
** Estimated cost shall be revised through correction application.
भाग चार-क-55—3
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Table B – Actual Cost Incurred on the Project (as on Date of Certificate)
S.No
Particulars
Amount (Rs.)
Incurred
(1)
(2)
(3)
1
Land Cost
(a) Value of the land as ascertained from the Annual Statement of
Rates (ASR).
(b) Incurred Expenditure on Premiums to obtain development rights,
FSI, additional FSI, fungible area, and any other incentive/
concession in deficiency under DCR from Local Authority or
State
Government/UT
Administration
or
any
Statutory
Authority.
(c) Incurred Expenditure for Acquisition of TDR (if any).
(d) Amounts paid to State Government/UT Administration 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 paid for redevelopment of land owned by public
authorities.
(f) Under Rehabilitation scheme:
i. Incurred Expenditure for construction of rehabilitation
building. Minimum of (a) or (b) to be considered
(a) Cost Incurred for construction of rehab building
including site development and infrastructure
for the same as certified by Engineer.
(b) Incurred Expenditure for construction of rehab
building as per the books of accounts as verified
by the CA.
ii. 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, overhead cost, amounts paid to slum
dwellers. tenants, apartment owners or appropriate
authority or government or concessionaire which are
not refundable and so on.
iii. Incurred Expenditure toward ASR linked premium,
fees, charges and security deposits or maintenance
deposit, or any amount whatsoever paid to any
authorities towards and in project of rehabilitation.
iv. Any other cost including interest incurred on the
borrowing done specifically for construction of
rehabilitation component.
Sub - Total of Land Cost:
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(1)
(2)
(3)
2.
Development Cost / Cost of Construction
(i) Expenditure for construction. Minimum of (a) and (b) to be
considered
(a) Construction
cost
incurred
including
site
development and infrastructure for the same as
certified by Engineer.
(b) Actual Cost of construction incurred as per the
books of accounts as verified by the CA.
(ii) Cost incurred on additional items not included in estimated
cost (As per engineer certificate)
(iii) Incurred Expenditure for development of entire project
excluding cost of construction as per (i) above, i.e., salaries,
consultants fees, site overheads, development works, cost of
services (including water, electricity, sewerage, drainage.
layout roads etc.), absorbed cost (attributable to this project)
of machineries and equipment including its hire and
maintenance costs, consumables etc. All costs incurred to
complete the construction of the entire phase of the project
registered.
(iv) Incurred Expenditure towards Taxes, cess, fees, charges,
premiums, interest etc. to any Statutory Authority.
(v) Incurred
Expenditure
towards
Interest
to
Financial
institutions,
scheduled
banks,
non-banking
financial
institution (NBFC) or money lenders on construction
funding or money borrowed for construction.
Sub-total of Development Cost :
3.
Total Cost of the Project (Actual incurred as on date of certificate)
4.
Proportion of the Cost incurred on Land Cost and Construction
Cost to the Total Estimated Cost(Table A).
5.
Amount which can be withdrawn from the Designated Account.
6.
Less: Amount withdrawn till date of this certificate from the
Designated Account
7.
Net Amount which can be withdrawn from the Designated Bank
Account under this certificate
*Pass through charges or indirect taxes not included in incurred cost of the project.
भाग चार-क-55—4
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Table C
Statement for calculation of Receivables from the Sales of the Real Estate Project
Sold Inventory
S. No.
(1)
Flat No.
(2)
Carpet Area
(in.sq.mtrs)
(3)
Unit Consideration as per
Agreement/Letter of
Allotment*
(4)
Received
Amount*
(5)
Balance
Receivables
(6)
1
2
3
4
Total
*Unit consideration as per agreement/letter of allotment and amount received does not include pass through
charges and indirect taxes.
Unsold Inventory
S.No
(1)
Flat No.
(2)
Carpet Area
(in.sq.mtrs)
(3)
Unit Consideration as per Ready
Reckoner Rate
(4)
1
2
3
4
Total
Table D
Comparison between Balance Cost and Receivables
S.No.
(1)
Particulars
(2)
Amount
(3)
1
Estimated Balance Cost to Complete the Real Estate Project
(Difference of Total Estimated Project cost less Cost incurred)
2
Balance amount of receivables from sold apartments as per Table C
of this certificate (as certified by Chartered Accountant as verified
from the records and books of Accounts)
3
(i) Balance Unsold area (to be certified by Management and to be
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 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))]
5
(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 ongoing
project will be deposited in designated Account
IF 4 is lesser than 1, then 100% of the balance receivables of ongoing
project will be deposited in designated Account
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Table E
Designated Bank Account Details
S.No.
Particulars
Designated Bank Account Details
Actual Amount till Date (From start
of bank account to till date)
1.
Opening Balance
2.
Deposits
3.
Withdrawals
4.
Closing Balance
I hereby certify that required proportion of money, as specified in the act, collected from allottees of the
project unit as indicated in Table C has been deposited in Designated RERA Bank Account.
I hereby certify that (Name of Promoter) has utilized the required proportion of money, as specified in the
act, collected from allottees for this project only for land and construction of this project.
Table F
Means of Finance
S.No.
Particulars
Estimated*
(At time of
Registration)
(In Rs.)
(proposed and
indicative)
Proposed /
Estimated
(As on the date
of the
certificate)
(In Rs.)
Actual
(As on the date
of certificate)
(In Rs.)
1.
Own Funds
2.
Total Borrowed Funds (Secured)
-
Drawdown availed till date
3.
Total Borrowed Funds (Unsecured)
-
Drawdown availed till date
4.
Customer Receipts used for Project
5.
Total Funds for Project
6.
Total Estimated Cost ( As per Table A)
भाग चार-क-55—4 अ
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Table G
Any Comments/Observations of CA
1.
2.
3.
4.
Yours Faithfully,
Signature of Chartered Accountant
(UD|N............. and Membership Number………….)
Name………………………………..
Agreed and accepted by:
Signature of Promoter
Name:
Date:
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Annexure E
FORM 4
(See Regulation 3)
ARCHITECT’S CERTIFICATE
(To be issued on completion of Registered Project)
Date:
To,
The —————————— (Name & Address of Promoter),
Subject: Certificate of Completion of Construction Work of <Project Name> having MahaRERA
Registration Number _____________ being developed by (Promoter’s Name)
Sir,
I/ We ——————— have undertaken assignment as Architect /Licensed Surveyor of certifying
Completion of Construction Work of <Project Name> having MahaRERA Registration Number _____________
being developed by (Promoter’s Name)
I/We hereby certify that, on basis of my inspection and certificate received from Structural Engineer and
Site Supervisor, the following area of <Project Name> has been completed in all aspects and is fit for occupancy
for which it has been erected/re-erected/constructed and enlarged. Further, the following Occupancy Certificates/
Completion Certificate have been granted:-
S.No.
Occupancy Certificate
Number
Layout/Building/
Wing Number
Date
Local Planning
Authority
1
2
3
I certify that the <Project Name> having MahaRERA Registration Number _____________ is complete in
all aspects as per agreement of sale.
Yours Faithfully,
Signature and Name (IN BLOCK LETTERS) of L.S/Architect with
(Licence No………….)
Agreed and Accepted by:
Signature of Promoter
Name:
Date:
20
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Annexure F
FORM 5
(See Regulation 4)
ON THE LETTER HEAD OF CHARTERED ACCOUNTANT (WHO IS ANNUAL AUDITOR OF THE
PROMOTER’S COMPANY/FIRM)
ANNUAL REPORT ON STATEMENT OF ACCOUNTS
CHARTERED ACCOUNTANT’S CERTIFICATE (On Letter Head)
Date
To,
The —————————— (Name & Address of Promoter),
SUBJECT : Report on Statement of Accounts on project fund deposit, utilization and withdrawal by
[Promoter] for the period from ____ to _________ with respect to MahaRERARegn Number ________
1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation and
Development) Act, 2016 read along with the Maharashtra Real Estate (Regulation and Development)
(Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on
Website) Rules, 2017.
2. I/We have obtained all necessary information and explanation from the Promoter, during the course of our
audit, which in my/our opinion are necessary for the purpose of this certificate.
3. I/We hereby confirm that I/We have examined the prescribed registers, books and documents, and the
relevant records of (Promoter) for the period ended ……………… and hereby certify that:
A. Deposits:
For this Fiscal year
Total for this project till
date
1.
Total amount collected from
allottees
2.
% of amount to be deposited
as per act
3.
Amount to be deposited as
per act (1*2)
4.
Total amount deposited in the
Designated Bank Account
5.
% of Amount deposited in
Designated Bank Account
[(4)/(1)*100]
6.
Shortfall/Excess deposit (3-4)
Amount collected/deposited at Sr. No. 1 & 2, shall not include pass through charges and indirect taxes.
Has the required proportion of money collected from allottees of the project units, as specified in the act,
deposited in the Designated RERA Bank Account? (Yes / No)
If No, Please mention the amount not deposited.
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B. Withdrawals
For this Fiscal year
Total for this project till
date
1.
Opening Balance of
Designated Bank Account
2.
Total Deposits
3.
Total amount withdrawn
4.
Closing Balance
As specified in the Act, All the amounts withdrawn during the year from RERA Bank Account were within
the withdrawal limit as certified under the relevant Form 1, Form 2 and Form 3 issued during the reporting
period? ( Yes / No)
If No, Please provide the below details:-
S.No.
Date of withdrawal
Amount of Excess Withdrawals
1
C. Utilisation
I/We certify that, the (Name of Promoter) has utilized the amounts withdrawn from designated bank account
towards project cost only, as specified in the act.
If No, please provide the below details:-
S.No.
Date
Amount not utilised for Project Cost
1
D. Any Qualifications / Observations of CA
1.
2.
3.
4.
Yours Faithfully,
Signature of Chartered Accountant
(UD|N............. and Membership Number………….)
Name………………………………..
Agreed and Accepted by:
Signature of Promoter
Name:
Date:
ON BEHALF OF GOVERNMENT PRINTING, STATIONERY AND PUBLICATION, PRINTED AND PUBLISHED BY DIRECTOR,
RUPENDRA DINESH MORE, PRINTED AT GOVERNMENT CENTRAL PRESS, 21-A, NETAJI SUBHASH ROAD, CHARNI ROAD, MUMBAI
400 004 AND PUBLISHED AT DIRECTORATE OF GOVERNMENT PRINTING, STATIONERY AND PUBLICATIONS, 21-A, NETAJI
SUBHASH ROAD, CHARNI ROAD, MUMBAI 400 004.EDITOR : DIRECTOR,RUPENDRA DINESH MORE.