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    Declaration Supported by Affidavit

    Uploaded by

    Harin Bhayani
    This document contains an affidavit and declaration signed by Mr. Harin Bhayani, the promoter of a proposed real estate project. In the declaration, Mr. Bhayani states that: 1) He has legal title to the land where the project will be developed and provides documentation of the land title. 2) The land is free of all encumbrances. 3) The project will be completed within two years. 4) Seventy percent of funds collected from buyers will be deposited in a separate bank account only for construction and land costs. Withdrawals will be proportionate to project completion percentages. 5) Accounts will be audited annually and expenditures will be verified as

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    Declaration Supported by Affidavit

    Uploaded by

    Harin Bhayani
    153 views2 pages
    This document contains an affidavit and declaration signed by Mr. Harin Bhayani, the promoter of a proposed real estate project. In the declaration, Mr. Bhayani states that: 1) He has legal title to the land where the project will be developed and provides documentation of the land title. 2) The land is free of all encumbrances. 3) The project will be completed within two years. 4) Seventy percent of funds collected from buyers will be deposited in a separate bank account only for construction and land costs. Withdrawals will be proportionate to project completion percentages. 5) Accounts will be audited annually and expenditures will be verified as

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    affidavit format rera

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    This document contains an affidavit and declaration signed by Mr. Harin Bhayani, the promoter of a proposed real estate project. In the declaration, Mr. Bhayani states that: 1) He has legal title to the land where the project will be developed and provides documentation of the land title. 2) The land is free of all encumbrances. 3) The project will be completed within two years. 4) Seventy percent of funds collected from buyers will be deposited in a separate bank account only for construction and land costs. Withdrawals will be proportionate to project completion percentages. 5) Accounts will be audited annually and expenditures will be verified as

    Copyright:

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

    Declaration Supported by Affidavit

    Uploaded by

    Harin Bhayani
    This document contains an affidavit and declaration signed by Mr. Harin Bhayani, the promoter of a proposed real estate project. In the declaration, Mr. Bhayani states that: 1) He has legal title to the land where the project will be developed and provides documentation of the land title. 2) The land is free of all encumbrances. 3) The project will be completed within two years. 4) Seventy percent of funds collected from buyers will be deposited in a separate bank account only for construction and land costs. Withdrawals will be proportionate to project completion percentages. 5) Accounts will be audited annually and expenditures will be verified as

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    FORM B

    DECLARATION, SUPPORTED BY AN AFFIDAVIT, WHICH SHALL BE SIGHNED


    BY THE PROMOTER OR ANY PERSON AUTHORIZED BY THE PROMOTER

    Affidavit cum Declaration

    Affidavit cum Declaration of Mr. HARON BHAYANI promoter of the proposed project / duly
    authorized by the promoter of the proposed project, vide its/his/their authorization dated
    31st July 2017

    I, HARIN BHAYANI promoter of the proposed project / duly authorized by the promoter of the
    proposed project do hereby solemnly declare, undertake and state as under:

    1. That I / promoter have / has a legal title to the land on which the development of the
    project is proposed
    AND
    a legally valid authentication of title of such land along with an authenticated copy of the
    agreement between such owner and promoter for development of the real estate project is
    enclosed herewith.

    2. That the said land is free from all encumbrances.

    3. That the time period within which the project shall be completed by me/promoter is
    Two years
    .
    4. That seventy per cent of the amounts realised by me/promoter for the real estate project
    from the allottees, from time to time, shall be deposited in a separate account to be
    maintained in a scheduled bank to cover the cost of construction and the land cost and
    shall be used only for that purpose.

    5. That the amounts from the separate account, to cover the cost of the project, shall be
    withdrawn in proportion to the percentage of completion of the project.

    6. That the amounts from the separate account shall be withdrawn after it is certified by an
    engineer, an architect and a chartered accountant in practice that the withdrawal is in
    proportion to the percentage of completion of the project.

    7. That I / promoter shall get the accounts audited within six months after the end of every
    financial year by a chartered accountant in practice, and shall produce a statement of
    accounts duly certified and signed by such chartered accountant and it shall be verified
    during the audit that the amounts collected for a particular project have been utilised for
    the project and the withdrawal has been in compliance with the proportion to the
    percentage of completion of the project.

    8. That I / promoter shall take all the pending approvals on time, from the competent
    authorities.

    9. That I / promoter have / has furnished such other documents as have been prescribed by
    the rules and regulations made under the Act.

    10. That I / promoter shall not discriminate against any allottee at the time of allotment of
    any apartment, plot or building, as the case may be, on any grounds.

    Verification
    The contents of my above Affidavit cum Declaration are true and correct and nothing
    material has been concealed by me therefrom.

    Verified by me at ________ on this ____ day of _______.

    HARIN S BHAYANI,

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