FORM-3
CHARTERED ACCOUNTANT'S CERTIFICATE
(FOR REGISTRATION OF A PROJECT AND WITHDRAWAL OF MONEY FROM DESIGNATED ACCOUNT)
To,
Promoter’s Name: -FABRIWORLD STRUCTURAL ENGINEERING PVT LTD
Registered Office: - 515/12 Charoli Bk, Plot No 3 Near Prism City Project Pune 412105
Project Name: -Empyrean X
Project Address: -515/12 Charoli Bk, Plot No 3 Near Prism City Project Pune 412105
Subject: Certificate of Financial Progress of Work of EMPYREAN X having MahaRERA Registration Number- P52100034660
Applied for being developed by Fabriworld Structural Engineering Pvt Ltd
Sir,
This certificate is being issued for RERA compliance for the Empyrean X I having MahaRERA Registration Number- P52100034660
Applied for being developed by -FABRIWORLD STRUCTURAL ENGINEERING PVT LTD and is based on the records and documents
produced before me and explanations provided to me by the managements of the Company.
Table A - Estimated Cost of the Project (at the time of Registration of Project)
Estimated Cost
S. No. Particulars (At the time of
Registration of Project)
1 Land Cost:
a. Cost of Land 75,00,000
Estimated Amount of Premium payable to obtain development rights, FSI, additional
b. FSI, fungible area, and any other incentive/concession in deficiency under DCR from 25,00,000
Local Authority or State Government/UT Administration or any Statutory Authority.
c. Estimated Acquisition cost of TDR (if any) -
Estimated Amounts payable to State Government/UT Administration or competent
d. authority or any other statutory authority of the State or Central Government, towards 65,00,000
stamp duty, transfer charges, registration fees etc; and
Estimated Land Premium payable as per annual statement of rates (ASR) for
e. NIL
redevelopment of land owned by public authorities
Under Rehabilitation scheme:
(i) Estimated construction cost of rehab building including site development and
infrastructure for the same as certified by Engineer
(ii) 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
f. payable to sum dwellers, tenants, apartment owners or appropriate authority or NIL
government or concessionair 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: 1,65,00,000
Development Cost / Cost of Construction of Building:
a. Estimated Cost of Construction as certified by Engineer 6,52,75,000
Cost incurred on additional items not included in estimited cost (As per engineer
b. -
certificate)
Estimated Expenditure for development of entire project excluding cost of
construction as per (i) above, i.e., salaries, consultants fees, site overheads,
c. 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.
Estimated Taxes, cess, fees, charges, premiums, interest etc to any Statutory
d. -
Authority
Interest payable to financial institutions, scheduled banks, non-banking financial
e. institution (NBFC) or money lenders on construction funding or money borrowed for NIL
construction
Sub-Total of Development Cost: 6,52,75,000
Total Cost of the Project [1(i) + 1(ii)] (Estimated) 8,17,75,000
Table B - Actual Cost Incurred on the Project upto 02/05/2024
Amount (Rs.)
S. No. Particulars
Incurred
1 Land Cost:
a. Cost of Land 75,00,000
Incurred Expenditure on Premiums to obtain development rights, FSI, additional FSI,
b. fungible area, and any other incentive/concession in deficiency under DCR from 25,00,000
Local Authority or State Government/UT Administration or any Statutory Authority.
c. Incurred Expenditure for Acquisition cost of TDR (if any) -
Amounts paid to State Government/UT Administration or competent authority or any
d. other statutory authority of the State or Central Government, towards stamp duty, 65,00,000
transfer charges, registration fees etc; and
e. Land Premium paid for redevelopment of land owned by public authorities. NIL
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
f. including cost of removal of legal/illegal occupants, cost for providing temporary 1,50,00,000.00
transit accommodation or rent in lieu of Transit Accommodation, overhead cost,
amounts payable to sum dwellers, tenants, apartment owners or appropriate authority
or government or concessionair which are not refundable and so on.
(iii)Incurred Cost towards 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: 3,15,00,000
2 Development Cost / Cost of Construction :
(i) Expenditure for construction. Minimum of (a) and (b) to be considered
Construction cost incurrd including site development and infrastructure for the same
a. -
as certified by Engineer
Actual Cost of construction incurred as per the books of accounts as verified by the
b. -
CA.
Cost incurred on additional items not included in estimated cost (As per engineer
(ii) -
certificate)
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.),
(iii) 2,26,78,250
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.
Incurred expenditure towards Taxes, cess, fees, charges, premiums, interest etc to any
(iv) -
Statutory Authority
Incurred Expenditure towards Interest to Financial instituions, schedule banks, non-
(v) banking financial institution (NBFC) or money lenders on construction funding or -
money borrowed for construction.
Sub-Total of Development Cost: 2,26,78,250
3 Total Cost of the Project (Actual incurred as on 02/05/2024) 5,41,78,250
Proportion of the Cost incurred on Land Cost and Construction Cost to the Total
4 83%
Estimated Cost (Table A).
5 Amount Which can be withdrawn from the Designated Account 5,41,78,250
Less: Amount withdrawn till 02/05/2024 of this certificate from the Designated
6 1,08,87,956
Account
Net Amount which can be withdrawn from the Designated Bank Account under
7 4,32,90,294
this certificate