DD Swarajya Approvals

Technical Due-Diligence
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Technical Due Diligence

Index
Section 1.
Project in Kalyan.
Background.............................................................................................................................................................................................................................. 7
Section 2. Revised Draft Report 8
Scope of work..........................................................................................................................................................................................................................
Section 3. 19 October 2022 th
Technical Due Diligence Outcome.................................................................................................................................................................................... 11
3.1. Project Location.............................................................................................................................................................................................................................. 11
3.2. Site Analysis.................................................................................................................................................................................................................................... 11
3.3. Project Details as proposed by Developer................................................................................................................................................................................... 14
3.4. Statutory Approvals...................................................................................................................................................................................................................... 17
3.5. Buildability/ Area Calculations................................................................................................................................................................................................... 28
3.6. Statutory Approvals & Premium Costs....................................................................................................................................................................................... 36
3.7. Project Schedule............................................................................................................................................................................................................................. 40
3.8.
Fund – Nippon
Cost Estimate.................................................................................................................................................................................................................................. 44
3.9. Site Photographs............................................................................................................................................................................................................................
Developer – Neptune Developers 51
3.10. Annexures................................................................................................................................................................................................................................... 53
By-
Quantum ProjectInfra Pvt. Ltd.
www.quantumrealty.co.in
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List of Tables
Table 1: Brief Details of the Location........................................................................................................................................................................................................... 11
Table 2: Project Details Provided by Developer......................................................................................................................................................................................... 14
Table 3: Building wise Details of the Project.............................................................................................................................................................................................. 15
Table 4: List of Consultants.......................................................................................................................................................................................................................... 16
Table 5: Approvals for the Project............................................................................................................................................................................................................... 17
Table 6: Approval Status............................................................................................................................................................................................................................... 25
Table 7: Risk Matrix for Balance Approvals............................................................................................................................................................................................... 26
Table 8: Area Calculations........................................................................................................................................................................................................................... 28
Table 9: Loading Calculation areas as per Developer............................................................................................................................................................................. 32
Table 10: Proposed Parking......................................................................................................................................................................................................................... 32
Table 11: Approval Premium Cost Comparison....................................................................................................................................................................................... 36
Table 12: Paid Challans................................................................................................................................................................................................................................ 37
Table 13 : Status of theBuilding - (Phase 1, 2, 3 and 4).............................................................................................................................................................................. 40
Table 14 : Project Timeline as per Developer- Phase Wise.................................................................................................................................................................... 40
Table 15: Project Schedule Comparison- Developer Vs Quantum..........................................................................................................................................................42
Table 16: Cost Estimate as per Developer -Building Cost (Building B,C,D,E,F,G,H)*..........................................................................................................................44
Table 17: Escalation Calculation-Tower.................................................................................................................................................................................................... 45
Table 18: Cost Estimate comparision Developer V/s Quantum – Building Cost Building (B,C,D,E,F,G,H).....................................................................................46
Table 19: Cost Estimate comparision Developer V/s Quantum – Commercial Cost...........................................................................................................................47
Table 20: Cost Estimate comparision Developer V/s Quantum - Total Project...................................................................................................................................49
Table 21 : List of Specifications..................................................................................................................................................................................................................... 64
Table 22 : List of Amenities........................................................................................................................................................................................................................... 65
List of Figures
Figure 1: Google Image Showing Project Location.................................................................................................................................................................................... 11

Figure 2: Google Image Showing Detailed Project Features.................................................................................................................................................................... 12
Figure 3: Project schedule Comparison....................................................................................................................................................................................................... 43
Figure 4: Cost Comparison Developer Vs Quantum................................................................................................................................................................................. 48
Figure 5: Site Photographs – 02.03.2022...................................................................................................................................................................................................... 51
Figure 6: Site Photographs – 04.10.2022...................................................................................................................................................................................................... 52
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Figure 7: Proposed Layout Plan................................................................................................................................................................................................................... 54

Figure 8: Approved Layout Plan................................................................................................................................................................................................................. 55
Figure 9: Proposed Section........................................................................................................................................................................................................................... 56
Figure 10: Proposed Sect............................................................................................................................................................................................................................... 57
Figure 11: Approved Section........................................................................................................................................................................................................................ 58
Figure 12: Sub Division Approved Plan..................................................................................................................................................................................................... 59
Figure 13: Approved Amalgamation Plan.................................................................................................................................................................................................. 60
Figure 14: Approved Building Plan............................................................................................................................................................................................................. 61
Figure 15: GST Paid on Import..................................................................................................................................................................................................................... 62
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List of Abbreviations
Abbreviations Name Abbreviations Name

% Percentage GF Ground Floor
AAI Airport Authority of India GST Goods & Service Tax
AMSL Above Mean Sea Level Infra Infrastructure
AGL Above Ground Level LG Lower Ground
B Basement LIG Lower Income Group
BBS Bar Bending Schedule LOE Letter of Engagement
BHK Bedroom, Hall And Kitchen MEP Mechanical Electrical Plumbing
BOQ Bill Of Quantities Misc Miscellaneous
BUA Built-up Area MOD Ministry Of Defense
BRTS Bus Rapid Transport System MPCB Maharashtra Pollution Control Board
C or Comm. Commercial Mt. Meter
CA Construction Area NA Not Applicable
CC Commencement Certificate NA Permission Non Agricultural Permission
CCZM Color Coded Zoning Map No. Number
CEI Chief Electrical Inspector NOC No Objection Certificate
CFO Chief Fire Officer OSR Open Space Reservations
Cl. no. Clause Number P Parking
Cr. Crore PCMC Pimpri-Chinchwad Municipal Corporation
CTE Consent to Establish PCNTDA Pimpri-Chinchwad New Town
Development Authority
CTO Consent to Operate PMC Pune Municipal Corporation
CTS City Survey Number PMRDA Pune Metropolitan Regional Authority
DCPR Development Control and Promotion Regulation PO Purchase orders
DP Development Plan PWD Public Works Department
EC Environmental Clearance PCC Plinth Checking Certificate
EWS Economic Weaker Section R or Res. Residential
FSI Floor Space Index RA bills Running Account bills
FY Financial Year RERA Real Estate (Regulatory and Development)
Authority
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Abbreviations Name Abbreviations Name

SA Saleable Area RR rates Ready Reckoner rates
SEAC State Expert Appraisal Committee RG Recreational Open Space
SEIAA State Environment Impact Assessment Authority Rs. Rupees
Sq. Ft. Square feet
Sq. Mt. Square meter
STP Sewage Treatment Plant
SRA Slum Rehabilitation Authority
Sy no. Survey Number
TDR Transferable Development Rigts
TOD Transit Oriented Development Zone
TPS or TP Town Planning scheme
UC Under Construction
UG Upper Ground
WO Work Orders
YoY Year-on-Year
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Section 1. Background
 Nippon (“Fund”) intends to invest in a projects by Arvind Smart Spaces (“Developer”), located at Pune.
 Fund has assigned Quantum Project Infra Pvt. Ltd. (“Quantum”) to conduct Technical Due-Diligence for said project as per scope under Section 2.
 Quantum submitted the draft Letter of Engagement to Developer on 21 st September 2022. Thereafter, Quantum received the Letter of Engagement from
the Developer on 23rd September 2022.
 Fund has requested Quantum to set cut-off date of … which will be used for all the project related analysis such as status of approvals, status of
progress and cost incurred.
 List of requirements/information/data to conduct the Technical Due-Diligence was sent by Quantum on 16 th September 2022. First set of information
was received on 1st October 2022.
 Site visit was conducted by Quantum on 18th October 2022
 The information was exchanged between Developer and Quantum upto 1st December 2022.
 First Draft report was submitted to Fund on 15th March 2022. All the calculations and regulations are based on regulations valid until 15th March 2022,
further to that only updates have been made in approvals.
 Quantum is hereby submitting Draft Technical Due-Diligence report to Fund.
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Section 2. Scope of work
Statutory Approvals + Approval Premiums

 Preparing comprehensive list and details of all statutory and municipal approvals, NOCs required for the project.
 Review and validation of status of approvals by checking approvals obtained and estimating time for the remaining approvals.
 Comments on sufficiency of existing approvals corresponding to proposed project.
 Approval risk assessment for balance approvals and expected timelines for receiving the approvals
 Enlisting approvals required to commence the construction work / for further construction
 Enlisting approvals required at the time of completion of the Towers/Buildings.
Buildability
 Review of zoning regulation, development & policy regulation and other aspects to determine the total buildability of the project.
 Check prevailing bye-laws and norms applicable for the project (including but not limited to):
o Permissible FSI
o Permissible TDR and other incentive FSI
o Height restrictions
o Setbacks, OSR norms etc.
o Parking norms
o TOD Norms
 Any reservations for LIG/EWS or any other reservation.
 Setbacks required from nalla / road / HT line / Road etc.
 Reviewing and commenting on Project massing (applicable for land stage project if required details are made available).
 Reviewing FSI and Non FSI area components
 Reviewing Construction area, Carpet area and Saleable area workings
 Commenting on appropriates of the total buildability of the project and recommending the changes if any.
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Calculation of Estimated Saleable Area:
 Quantum shall basis the available information calculate the estimated saleable area for the project, it shall also check the fitment of the same based
on the concept plans / site survey plan shared by Developer.
Construction Schedule
 Reviewing proposed project phasing and recommendations, if any.
 Review Schedule from the point of accuracy and completeness of major activities/ milestones during Pre-construction, during construction and
Post construction stage including approvals required at various stages.
 Recommending commencement data and completion dates for the buildings/ towers based on proposed procurement method, scale of work,
approvals states, etc.
Construction Budget and cost to complete

 Review of estimated construction cost of the project based on proposed design & specifications, location of the project, scale of the project and other
factors affecting project. It includes comments and recommendations on following
 Construction cost for buildings
 Construction cost for parking
 Recommending construction budget based on review of estimated cost.
 Review of estimated consultants cost estimate, infrastructure cost estimate, contingency, escalation and other costs associated with construction.
 Reviewing the construction budget based on contracting methodology and basic rates of the materials and other elements.
 Review of cost incurred / cost to complete for the under construction projects with respect to the physical verification, RA bills, Work orders (it may
be noted that for projects where construction is carried out through labour contracts verification will be done through physical status and thumb
rule estimates. where construction is carried out through major contracts verification will be done based on physical status, RA bill sampling and
Work orders based on availability of data)
Exclusions from the scope

 Physical survey and measurement of site, to check construction v/s approved drawings and highlighting any deviations.
 Reconciliation of bank account statement for cost incurred
 Land costs, marketing costs, admin costs
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 Preparation / detailed review of BOQ for any part of the project.

 Valuation.
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Section 3. Technical Due Diligence Outcome

Site Analysis
This section deals with the outcome of technical due diligence. The
Project Name: Elan
project is evaluated with respect to all aspects of technical due diligence
as per the scope and the findings are presented here below. Project Address: Sy No. 77/2/1 (P), Bhusari Colony, Kothrud, Pune
Project Description: Residential Development
Project Location
Table 1: Brief Details of the Location
Sr.
Particular Remarks
No
1 Distance from Railway Line Not close by
Aerial distance from the
2 15 Km’s
Airport
There is no nala passing through
3 Nala
the site
4 Distance from the Highway Adjoining
There is a no HT/LT line
5 H.T/ L.T Line
passing through the site
Boundary Line/ Compound
6 No boundary wall
Wall
Project Brief
The project is a residential development at Kothrud, Pune and it is under
construction. There is a total of 2 residential towers (A & B) + 1 Inclusive
housing (C). The proposed configuration of the project is B + G + UG + 12
Floors and P + 4 Floors for Inclusive housing.
Figure 1: Google Image Showing Project Location
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Figure 2: Google Image Showing Detailed Project Features
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Part Approved Building Plan dated 10.06.2021
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Project Details as proposed by Developer

Project details as provided by Developer is given below which is used as reference data for this Technical Due Diligence Report.
Table 2: Project Details Provided by Developer
Sr. No Particular Description
1. Zone as per DP Residential
2. Name of Planning Authority Pune Municipal Corporation
3. Type of Development Residential
4. RERA registration number Building A, B - P52100018613
5. Width of abutting roads Existing Road: 12 Mt wide Service road, 60 Mt wide National Highway
6. Land area 4,791 Sq Mt
7. FSI permissible 3.00 + Ancillary
8. Permissible FSI Area as per approved plan 9,778.69 Sq Mt
9. Proposed FSI Area 9,714.50 Sq Mt
10. Total useable carpet area Not shared
11. Total RERA carpet area Not Shared
12. Total saleable area for the project 12,537 Sq Mt
13. Landowner’s share of saleable area out of (12) 4,073 Sq Mt
14. Total construction area Not Shared
15. Total number of towers 2 residential + 1 MHADA
2 Residential – B + G + UG + 12
16. Final configuration of towers
1 MHADA – P + 4
Upto terrace: 41.70 Mt
17. Height of the tallest building in Mt
Maximum Height: 51 Mt
18. Type of car parks & distribution (In No)
19. Name of the nearest river Mula River
20. Project specifications Refer Annexure
Party Lawn, Kids Play Area, Outdoor Gym, Club House, Splash Pool, Pool side
deck with Barbeque, Landscape walkway, Single Pole basketball, Indoor Gym,
21. Project amenities
Fully Equipped Home Theatre Room, Board Games like Carrom & Chess,
Table Tennis.
22. Positioning of project Mid income
23. Type of Formwork system Conventional (Cup Lock & Ply)
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Table 2: Project Details Provided by Developer

Sr. No Particular Description
24. Contracting strategy proposed Labour + Part Material
RCC work up to Top slab completed. Work like BBM, Gypsum, Waterproofing,
25. Construction Status
Electrical & Plumbing concealed work at respective floors in progress.
Building wise Details of the Project

Table 3: Building wise Details of the Project
Sr. No Building / Wing Phase Approved Building Configuration Proposed Building Construction Status as on dt.
Plan dated 10.06.2021 Configuration 18th October 2022
1. A 1 B + G + UG + 12 B + G + UG + 12 RCC work for Top slab completed,
2. B 1 B + G + UG + 12 B + G + UG + 12 Internal Finishing in progress.
3. C (MHADA) 2 P+4 P+4 RCC for 3rd floor slab in progress.
List of Consultants
Table 4: List of Consultants
Sr. No Consultants Names
1. Architect - Design Vikas Achalkar
2. Architect- Liasoning Not Provided
3. Structural Not Provided
4. Plumbing & Electrical Not Provided
5. Fire & HVAC Not Provided
6. Landscape Not Provided
7. Environment Consultants Not Provided
8. IGBC Consultants Not Provided
Statutory Approvals
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The table below enlists the major approvals obtained by the Developer for the project.
Table 5: Approvals for the Project
Competent
Sr List of Comments by
Issuing Status Observations from the Approvals
No approvals Quantum
Authority
Entity: Neptune Developers Pvt Ltd.
Approval No/ Letter No: 601 - 281
Survey No: S.no.75, 76/8, 9(pt), 10, 2/3,
Validity: 1 Year from the date of receiving
Details: Developer has received IOD for the development of 3877.20
Sq Mt of proposed FSI area out of the total plot area of 16644.91 Sq
Mt for the following buildings
 Building B1 to B5 – (G+3) (Residential)
Specific Conditions - A Quarterly report on the use of Fly ash bricks
and fly ash composite materials in the development of the project is
Obtained on to be submitted to the authority.
1. IOD KDMC POA of the other names mentioned in 7/12 to be submitted before
26.03.2009
obtaining CC.
POA of the successors of the co-owners of the plot who aren’t alive
anymore to be submitted before obtaining CC.
12 Mt wide road to be made before obtaining CC
Design & Construction should be observed and certified by
competent professional in terms of Earthquake resistant construction
for Building Plan Approval as well as OC
As HT line passes from plot NOC from MSEB to be obtained before
starting construction with the necessary changes required.
NOC from Fire Dept along with approved Layout Plan to be
submitted.
2. Layout Plan Entity: Neptune Developers Pvt. Ltd
Approval Approval No/ Letter No: IOD/601-281
Obtained on Survey No: Survey no. 75, 76/8, 9(pt), 10, 2/3,
KDMC
26.03.2009 Validity: N/A
Details: Developer has received Building Plan Approval with the
conditions mentioned in IOD 601-281 for the development of the
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Competent
Authority
following Buildings
 Building B1 to B5 – (G+3) (Residential)
Proposed FSI area – 3877.20 Sq Mt
Permissible FSI Area – 13011.16 Sq Mt
Total Plot Area – 19232.06 Sq Mt (as per Triangulation)
Total Plot Area – 19920.00 Sq Mt (as per 7/12)
Total Plot Area – 16644.91 Sq Mt (as per possession)
Total Reservations/Deductions – 494.91 Sq Mt
3. IOD Entity: Neptune Developers Pvt Ltd.
Approval No/ Letter No: 602 - 282
Survey No: S.no.4/1-5,6/2,7-10,12,14. S.no. 5/1,2.
Validity: Not Applicable
Details: Developer has received IOD for the development of 5664.64
Sq Mt of proposed FSI area out of the total plot area of 20566.28 Sq
Mt for the following buildings
 Building Type A (G+3) (Residential)
 Building Type B (G+3) (Residential)
 Building Type C (G+3) (Residential)
Obtained on Specific Conditions - A Quarterly report on the use of Fly ash bricks
KDMC
26.03.2009 and fly ash composite materials in the development of the project is
to be submitted to the authority.
POA of the other names mentioned in 7/12 to be submitted before
obtaining CC.
POA of the successors of the co-owners of the plot who aren’t alive
anymore to be submitted before obtaining CC.
12 Mt wide road to be made before obtaining CC
Design & Construction should be observed and certified by
competent professional in terms of Earthquake resistant construction
for Building Plan Approval as well as OC
As HT line passes from plot NOC from MSEB to be obtained before
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Competent
Authority
starting construction with the necessary changes required.
NOC from Fire Dept along with approved Layout Plan to be
submitted.
Entity: Neptune Developers Pvt. Ltd

Approval No/ Letter No: IOD/602-282
Survey No: S.no.4/1-5,6/2,7-10,12,14. S.no. 5/1,2.
Validity: N/A
Details: Developer has received Building Plan Approval with the
conditions mentioned in IOD 602-282 for the development of the
following Buildings
Layout Plan Obtained on  Building Type A (G+3) (Residential)
4. KDMC
Approval 26.03.2009
 Building Type B (G+3) (Residential)
 Building Type C (G+3) (Residential)
Total Plot Area – 23220.00 Sq Mt (as per 7/12 )
Total Reservations /Deductions – 4600.00 Sq Mt
5. Commencemen Entity: Neptune Developers Pvt. Ltd It is appropriate.
t Certificate Approval No/ Letter No: CC/489-172
(Building) Survey No: Survey no. 4/1-5,6/2,7-10,12,14 and 5/1 -2
Validity: 1 year to commence construction
Obtained on Details: Developer has received Building commencement certificate
KDMC for the development of 15506.24 Sq Mt of proposed FSI area out of the
16.10.2009
total plot area of 20566.28 Sq Mt for the following buildings –
 Building A6-A8 – (G+7) (Residential)
 Building A9-Wing A,B – (G+7) (Residential)
 Building A7-Wing A,(G+5) (Residential+ Commercial)
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Competent
Authority
 Building A11-A12 – (G+7) (Residential+ Commercial)
Specific Conditions - Land under reservation (new DP road, MSEB,
Fire Dept) to be handed over to the respective authorities within 1
year of receiving CC.
A Quarterly report on the use of Fly ash bricks and fly ash composite
materials in the development of the project is to be submitted to the
authority.
Drainage NOC for Nallas is to be obtained before obtaining OC.
Revised NA order for Commercial to be Submitted before taking OC.
POA of the other names mentioned in 7/12 to be submitted before
obtaining CC
Approval No/ Letter No: CC/489-172
Survey No: : Survey no. 4/1-5,6/2,7-10,12,14 and 5/1 -2
Validity: N/A
Details: Developer has received Building Plan Approval for the
development of 15506.24 Sq Mt of proposed FSI area out of the total
plot area of 20566.28 Sq Mt for the following buildings in accordance
Building Plan Obtained on with the conditions mentioned in CC/289-172 –
6. KDMC
Approval 16.10.2009
 Building A6 – (Wing A & B)(G+7) (Residential)(2267.49 Sq Mt)
 Building A8 – (G+7) (Residential)(3391.66 Sq Mt)
 Building A9-Wing A,B – (G+7) (Residential)(2257.16 Sq Mt)
 Building A7-Wing A,(G+5) (Resi.+Commerc.)(3207.81 Sq Mt)
 Building A11 – (G+7) (Resi.+Commerc.)(2122.24 Sq Mt)
 Building A12 – (G+7) (Resi.+Commerc.)(2259.88 Sq Mt)
7. Commencemen
t Certificate Obtained on
KDMC Approval No/ Letter No: CC/643-235
(Building) 05.01.2010
Survey No: S.no 75,76/8-10, S. no.2/3,4,
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Competent
Authority
Details: Developer has received Building commencement certificate
for the development of 7610.48 Sq Mt of proposed FSI area out of the
total plot area of 16644.91 Sq Mt for the following buildings –
 Building B-5 & B-8 (Wing A&B)(Combined) (G+7)
 Building B-6 (Part) (G+7)
Specific Conditions – While going for Future Development all
previous Approved layouts to be submitted.
Due to Stay order on work of Land Adjoining Balkrushna Paper Mill
and Pigment Company and the Temple, Roads apart from the above-
mentioned area along with drainage to be completed before obtaining
Plinth Certificate.
Survey No: Survey no. 1/3 & S.no. 4/1
Commencemen Details: Developer has received Building commencement certificate
Obtained on
8. t Certificate KDMC for the development of 6150.08 Mt of proposed FSI area out of the It is appropriate.
27.12.2010
(Building) total plot area of 16320.00 Sq Mt for the following buildings –
 Building A-2, A-17, A-18 (G+7) (Residential)
Specific Conditions- The obtained CC is in accordance to the Building
Plan approval dated 28.07.2010
(Building) Survey No: Survey no. 4/4, 8, S.no. 5/1, 2.
Obtained on Validity: 1 year to commence construction
KDMC
27.12.2010 Details: Developer has received Building commencement certificate
total plot area of 13430.00 Sq Mt(As per triangulation and 7/12) for
the following buildings –
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Competent
Authority
 Building A-10 & B-10 – (G+5) (Residential + Commercial)
 Building A-13, A-14, (G+7) (Residential)
 Building A-15 (G+7) (Residential)
Specific Conditions – Land under reservation (new DP road, MSEB,
Survey No: Survey no. 4/4, 8, S.no. 5/1, 2.
for the development of
Proposed FSI area - 9236.53 Sq Mt
Building Plan Obtained on
10. KDMC Permissible FSI Area – 12181.53 Sq Mt
Approval 27.12.2010
Total Plot Area – 13430.00 Sq Mt
for the following buildings –
 Building A-10 (Wing A&B) (G+5) (Residential + Commercial)
 Building A-13, A-14, (G+7) (Residential)
 Building A-15 (G+7) (Residential)
11. Commencemen Entity: Neptune Developers Pvt. Ltd

(Building) Survey No: S.no 76/9
Obtained on
KDMC Details: Developer has received Building commencement certificate
10.05.2011
total plot area of 12100.00Sq Mt for the following buildings –
 Building B-2 (Part) (G+7) Residential
 Building B-11 (Wing A&B) (G+7) Residential
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Competent
Authority
Specific Conditions –The obtained CC is in accordance to the Building
Plan approval dated 28.07.2010
Survey No: S.no. 4/4,5,6/2 ,etc.
Commencemen
Obtained on Details: Developer has received Building commencement certificate
12. t Certificate KDMC
11.07.2011 for the development of 2288.78 Sq Mt of proposed FSI area out of the
(Building)
total plot area of 13430.00Sq Mt for the following buildings
 Building A-16 (G+7) Residential
Specific conditions – This CC is in accordance to the conditions
mentioned in Building Plan approval dated 28.07.2010
Survey No: S.no 2/3, 4/1, 2, S.no. 76/9
total plot area of 93029.00 Sq Mt for the following buildings
Commencemen
Obtained on  Building B-1 Wing A & B, (G+7) (residential)
13. t Certificate KDMC It is appropriate.
18.07.2011  Building B-13 Wing A & B, (G+7) (residential & Commercial)
(Building)
 Building B-3 (G+7) Residential
Specific conditions – NOC from concerned authority for Any kind of
Excavation & extraction of accessory Minerals from site to be
obtained before obtaining OC.
Garden NOC to be obtained and submitted to the concerned
authority before obtaining OC.
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Competent
Authority
Survey No: S.no 2/3, 4/1, 2, S.no. 76/9
Details: : Developer has received Building commencement certificate
Commencemen
Obtained on  Building A-1 Wing A & B, (G+7) (residential & Commercial)
18.07.2011  Building A3, B10(G+5) Residential
(Building)
 Building A4 (G+7) Residential
 Building A5 (G+7) Residential
Specific conditions – NOC from concerned authority for Any kind of
Excavation & extraction of accessory Minerals from site to be
obtained before obtaining OC.
Garden NOC to be obtained and submitted to the concerned
authority before obtaining OC.
t Certificate Approval No/ Letter No: CC/2012-13/102
(Building) Survey No: S.no 76/3-5, 75/8-10, 11, 14
Obtained on
KDMC  Building B-7 (G+7) Residential
13.07.2012
 Building B-12(G+7) Residential + Commercial
Specific Conditions - Land under reservation (new DP road, MSEB,
The obtained CC is in accordance to the conditions mentioned in the
respective Building Plan approval.
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Competent
Authority

Approval No/ Letter No: CC/2012-13/103
Survey No: S.no 76/3-5, 75/8-10, 11, 14
Commencemen for the development of 3564.18 Sq Mt of proposed FSI area out of the
Obtained on
16. t Certificate KDMC total plot area of 93029.00 Sq Mt for the following buildings It is appropriate.
13.07.2012
(Building)  Building B-16 Wing A & B, (G+7) (residential)
Specific conditions – Land under reservation (new DP road, MSEB,
This CC is in accordance to the conditions mentioned in Building
Plan approval.
Approval No/ Letter No: CC/2012-13/203
Survey No: S.no 74/9, 10, 1/3, 2/3, 76/27
Commencemen Details: Developer has received Building commencement certificate
Obtained on for the development of 6209.26 Sq Mt of proposed FSI area out of the
30.10.2012 total plot area of 93029.00 Sq Mt for the following buildings
(Building)
 Building B-4 Wing A & B, (G+7) (residential)
x
t Certificate Approval No/ Letter No: CC/2013-14/60
(Building) Obtained on Survey No: S.no 74/9, 10, S. no.76/26, 27
KDMC
07.06.2013 Validity: 1 year to commence construction
24 |24
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Competent
Authority
 Building B-19 Wing A & B(G+7) Residential
Specific conditions – Garden NOC to be obtained and submitted to
the concerned authority before obtaining OC.

Approval No/ Letter No: C1/T7/NP/SR-80/2009
Survey No: S.no.4/1-5,6/2,7-10,12,14. S.no. 5/1,2.
Validity: Not Appicable
District Details: Developer has obtained NA order for total plot area of 23220
Collector Obtained on Sq Mt (20566.00 Sq Mt as per Triangulation Method) out of which
19. NA Order
Office, 01.08.2009 12373.87 Sq Mt is for residential use with the following reservations
Thane Road Set Back Area – 4600.00 Sq mt
MSEB Reservation- 290.00 Sq Mt
Recreational Ground – 2394.94 Sq Mt
Amenity Open Space – 1197.47 Sq Mt

Approval No/ Letter No: C1/T7/NP/SR-79/2009
Survey No:S.no.2/3, S.no. S.no. 75. S.no.76/8, 9(Pt),10
District Validity: Not Applicable
Collector Obtained on Details: Developer has obtained NA order for total plot area of 19120
20. NA Order
Office, 01.08.2009 Sq Mt (16644.91 Sq Mt as per Triangulation Method) out of which
Thane 12513.25 Sq Mt is for residential use with the following reservations
Road Set Back Area – 494.91 Sq mt
Recreational Ground –2422.50 Sq Mt
Amenity Open Space –1211.25 Sq Mt
21. NA Order District Entity: Neptune Developers Pvt Ltd.
Obtained on
Collector Approval No/ Letter No: C1/T7/NP/SR-125/2010
05.08.2010
Office, Survey No: S.no.1/3,2/3,4,5,6. S.no.3/1-3. S.no.4/1-5,6/2,7-10,12,14.
25 |25
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Competent
Authority
S.no. 5/1 2. S.no. 74/8-13,15. S.no. 75. S.no.76/3-5,8-12,14,24,26,28(pt)
Details: Developer has obtained NA order for total plot area of 93029
Sq Mt (104200.00 Sq Mt According to 7/12), with the following
reservations.
Thane
Road Set back Area – 17067.00 Sq Mt
Reservation Area – 11665.00 Sq Mt
R.G. Area – 1644.55 Sq Mt
Open Space – 26050.00 Sq Mt
Proposed Amenity open Space – 8150.79 Sq Mt
22.
Entity: Neptune Developers Pvt Ltd
Approval No/ Letter No: 2016-17/19
Survey No: S.no.1/3,2/3,4,5,6. S.no.3/1-3. S.no.4/1-5,6/2,7-10,12,14.
S.no. 5/1 2. S.no. 74/8-13,15. S.no. 75. S.no.76/3-5,8-12,14,24,26,28(pt)
Details: Developer has received Building Plan Approval for the
development of the following Buildings
 Building Type A 1 to A 18 (A3, A7, A10 as G+5 rest G+7)
 Building Type B 1 to B 19(B10, B11, B12 as G+5 rest G+7)
Layout Plan Obtained on
23. KDMC  Building Type C 1( ST + 12)
Approval 30.07.2016
Total Plot Area – 103740.00 Sq Mt (as per POA)
Total Plot Area – 99193.00 Sq Mt (as per Possession)
Specific Conditions-
Amenity Space (25%) to be handed over within 60 days of date of
receiving of this approval
26 |26
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Competent
Authority
Open Space (15%)
Hand over of the reservation of Fire Dept. under Reservation No. 47
to be done along with the existing structure.
Tree Cutting permissions to be taken from the concerned authority
for the development of roads, compound walls etc.
Approval No/ Letter No: SEAC-2011/CR-52/TC-2
Survey No: S.no.1/3,2/3,4,5,6. S.no.3/1-3. S.no.4/1-5,6/2,7-10,12,14.
S.no. 5/1 2. S.no. 74/8-13,15. S.no. 75. S.no.76/3-5,8-12,14,24,26,28(pt)
Validity: 5 years
Details: Developer has received EC for the project Neptune Swarajya
– Phase 1 . The total plot area being 105754.00 Sq Mt, FSI area being
It shall have to be
58756.60 Sq Mt, non – FSI area being 16251.88 Sq Mt, total
Obtained on revised after the
24. EC Approval SEIAA construction area being 75008.00 Sq Mt. the building configurations
27.06.2011 amendment in EC.
being
Validity expired.
24 Residential Buildings ( only 50% development in Phase-1)
Building type 1 – G + 7 (14 Buildings)
Total Flats - 1581 Total Shops - 55
Total parkings – 147 Wheelers
Green Belt Development – 86000 Sq Mt
Project Screening Category – 8 (a)
25. EC Approval Entity: Neptune Developers Pvt. Ltd It shall have to be
(Revised) Approval No/ Letter No: SEAC-2011/CR-52/TC-2 revised after the
Survey No: S.no.1/3,2/3,4,5,6. S.no.3/1-3. S.no.4/1-5,6/2,7-10,12,14. amendment in EC.
Obtained on S.no. 5/1 2. S.no. 74/8-13,15. S.no. 75. S.no.76/3-5,8-12,14,24,26,28(pt) Validity expired.
SEIAA
01.02.2016 Validity: 5 years
Details: Developer has received revised EC for the project Neptune
Swarajya – Phase 1 . The total plot area being 104200.00 Sq Mt, FSI
area being 87736.49 Sq Mt, non – FSI area being 26230.94 Sq Mt, total
27 |27
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Competent
Authority
construction area being 131604.73 Sq Mt. the building configurations
being
24 Residential Buildings ( only 50% development in Phase-1)
Building Type 3 – St + 20 (1 Building)
Total Flats - 3219 Total Shops - 69
Total parkings –247 Wheelers
Landscape area – 11840 Sq Mt
Project Screening Category – 8 (a) B(2)
Approval No/ Letter No: 174
Survey No: S.no 75,76/8-10, S. no.2/3,4, S.no. 76/28(Pt),24,12, S.no.
Water Obtained on 74/9-13
26. KDMC It is appropriate.
Certificate 10.07.09 Validity: NA
Details : - This NOC from the water department is given for the
purpose of Building Approvals

Approval No/ Letter No: 175
Water Obtained on Survey No: S.no.1/3,S.no.4/1-5,6/2,7-10,12,14. S.no. 5/1 2.
27. KDMC It is appropriate.
Certificate 10.07.09 Validity: Not Applicable
Details: This NOC from the water department is given for the
purpose of Building Approvals
28. Fire NOC Entity: Architect – D.M. Davli It is appropriate.
Approval No/ Letter No: KDMC-KFB/88(1)/09-10
Survey No: 75,76/8-10, S. no.2/3,4, S.no. 76/28(Pt),24,12, S.no. 74/9-
KDMC 22.04.2009 13
Details: The Developer has received Fire NOC for the Development
of Buildings reaching up to G+7 floors and a total Built up Area of
28 |28
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Competent
Authority
49406.87 Sq Mt
Entity: Architect – D.M. Davli

Approval No/ Letter No: KDMC-KFB/88(2)/09-10
Survey No: S.no.1/3,S.no.4/1-5,6/2,7-10,12,14. S.no. 5/1 2. S.no
29. Fire NOC KDMC 22.04.2009 It is appropriate.
Details: The Developer has received Fire NOC for the Development
of Buildings reaching up to G+7 floors and a total Built up Area of
34090.29 Sq Mt

Approval No/ Letter No: OCC/231
75,76/8-10, S. no.2/3,4, S.no. 76/28(Pt),24,12, S.no. 74/9-13
Validity: - Not Applicable
Details - Developer has received OC according to the Revised
Approved Building Plans 2016-17/19 dated 30.07.2016. for the
Obtained on following Buildings
30. OC Approval KDMC It is appropriate.
07.10.2016  Building A-6(G+7)
 Building A-7(G+5)
 Building A-8 & A-9 (Combined) (G+7)
 Building A-10 (G+5)
The Approval is for a total floor area of 14154.12 Sq Mt which consists
of 434 Residential Units, 37 Shops and 10 Society Offices
31. OC Approved Entity: Neptune Developers Pvt. Ltd
As Built Plans Approval No/ Letter No: OCC/231
Obtained on Survey No: S.no.1/3,S.no.4/1-5,6/2,7-10,12,14. S.no. 5/1 2. S.no
KDMC
07.10.2016 75,76/8-10, S. no.2/3,4, S.no. 76/28(Pt),24,12, S.no. 74/9-13
Validity: - Not Applicable
Details - Developer has received Approved As- Built Building Plans
29 |29
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Competent
Authority
along with OC according to the Revised Approved Building Plans
2016-17/19 dated 30.07.2016. for the following Buildings
The Approval is for the following areas.
Total Plot Area – 23210.00 Sq Mt (as per 7/12 )
Approval No/ Letter No: OCC/218/18
75,76/8-10, S. no.2/3,4, S.no. 76/28(Pt),24,12, S.no. 74/9-13
Validity
Details -Developer has received OC according to the Revised
Obtained on Approved Building Plans 2016-17/19 dated 30.07.2016. for the It is appropriate.
32. OC Approval KDMC
12.04.2018 following Buildings
 Building A-1 (Wing A&B), A-2, A-4, A-5(Combined) (G+7)
 Building A-13, A-14, A-15 (Combined) (G+7)
 Building A-16, A-17, A-18 (Combined)(G+7)
33. OC Approved
As Built Plans
Obtained on Approval No/ Letter No: OCC/218/18
KDMC
12.04.2018 Survey No: S.no.1/3,S.no.4/1-5,6/2,7-10,12,14. S.no. 5/1 2. S.no
75,76/8-10, S. no.2/3,4, S.no. 76/28(Pt),24,12, S.no. 74/9-13
30 |30
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Competent
Authority
Validity
 Building A-1 (Wing A&B), A-2, A-4, A-5(Combined) (G+7)
 Building A-13, A-14, A-15 (Combined) (G+7)
 Building A-16, A-17, A-18 (Combined)(G+7)
The Approval is for the following Areas
34. OC Approval Entity: Neptune Developers Pvt. Ltd It is appropriate.

75,76/8-10, S. no.2/3,4, S.no. 76/28(Pt),24,12, S.no. 74/9-13
Validity
Details - Developer has received OC according to the Revised
Obtained on Approved Building Plans 2016-17/19 dated 30.07.2016. for the
KDMC following Buildings
30.01.2019
 Building B-13 (Wing A&B) (G+7)
 Building B-14 (G+7)
 Building B-15 & B-17 (Combined) (G+7)
 Building B-19 & B-16 (Wing A&B) (G+7)
31 |31
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Competent
Authority
75,76/8-10, S. no.2/3,4, S.no. 76/28(Pt),24,12, S.no. 74/9-13
Validity
OC Approved Obtained on
35. KDMC  Building B-14 (G+7) It is appropriate.
As Built Plans 30.01.2019
 Building B-19 & B-16 (Wing A&B) (G+7)
The Approval is for the following areas.
Total Plot Area – 99773.00 Sq Mt (as per possession)
36. OC Approval KDMC Obtained on Entity: Neptune Developers Pvt. Ltd It is appropriate.
29.03.2019 Approval No/ Letter No: OCC/387/19
75,76/8-10, S. no.2/3,4, S.no. 76/28(Pt),24,12, S.no. 74/9-13
Validity
Details: Developer has received OC according to the Revised
Approved Building Plans 2016-17/19 dated 30.07.2016. for the
following Buildings
32 |32
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Competent
Authority
 Building B-10
 Builidng B-12 (Part) (G+7)
37. OC Approved Entity: Neptune Developers Pvt. Ltd It is appropriate.
As Built Plans Approval No/ Letter No: OCC/387/19
75,76/8-10, S. no.2/3,4, S.no. 76/28(Pt),24,12, S.no. 74/9-13
Validity
Details: Developer has received Approved As- Built Building Plans
Obtained on  Building B-2 (G+7)
KDMC
29.03.2019  Building B-3 & B-9 (Combined) (G+7)
 Building B-10
 Builidng B-12 (Part) (G+7)
33 |33
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Competent
Authority
Status of Approvals
Table 6: Approval Status
Sr.
Approval Commercial B C D E F G H
No
1. Sub Division Plan
2. Amalgamation Plan
3. Layout Plan Approval
4. Environmental Clearance
5. Consent to Establish
6. Fire IOD
7. Provisional Fire NOC
8. Defense NOC for height clearance
9. Royalty
10. Garden NOC
11. Tree Cutting Permission
12. NA Order
13. Building Plan Approval and CC
14. Plinth Checking Certificate
Received and does not require any amendment

Received but requires amendment/revalidation
Applied but not received
Yet to apply
34 |34
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Not Applicable
Comments on Statutory Approvals

 Approvals Obtained and are appropriate: NA order, Tree Cutting NOC, Garden NOC, Layout Plan approval, Sub division and Amalgamation
plans, Environmental Clearance obtained by Developer is appropriate for the proposed project.
 Approvals Obtained and need to be amended:
o Building Plan Approval: Developer has obtained building plan approval with Base FSI + Ancillary FSI area for residential buildings B to H
and Inclusive Housing building. Approved building configuration being B,C,E – B + G + 2P + 30; D – B + G + 2P + 17; F,G,H – B + G + 2P +
1, Inclusive Housing G + P + 11. It will have to be revised as per the proposed building configuring of B + G + 2P + 30.
o Consent to Establish: The CTE shall have to be revised for full potential, it can be done anytime prior to breaching construction area
approved in the current CTE.
o Provisional Fire NOC: Developer has received Provisional Fire NOC for Building B to E, for height upto 32Mt and Building F to H for
height 16.60 Mt and Mhada upto 40 Mt. the same shall have to be amended for Building B to H as per the proposed height of 106 Mt.
 Construction that can be carried out based on the current approval
o Building B,C,D,E upto plinth level, then plinth checking certificate shall have to be obtained for further construction upto approved height.
Risk Matrix for Balance Approvals and expected timelines by Quantum

Table 7: Risk Matrix for Balance Approvals
Expected Time by Risk of not receiving approval
Sr. No Approval Expected Time by Developer
Quantum for project
Within 3-4 months from
1. Provisional Fire NOC Mid March 2022 Low
date of application
2. Amended Consent to Establish NA Low
date of application
3. Amended Layout Plan Approval NA Low
date of application
Amended Building Plan Approval for Within 1-2 months from
4. Mid March 2022 Low
B,C,E date of application
Amended Building Plan Approval for Within 1-2 months from
5. NA Low
full potential date of application
6. Plinth Checking Certificate NA Low
date of application
35 |35
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List of Major Approvals to be obtained after completion of Building

 Final Fire NOC
 Final Tree NOC
 Drainage Completion Certificate
 Final Electrical NOC
 Lift NOC
 Consent to Operate
 Occupation Certificate
Assumptions
 Quantum has not verified any title & ownership documents.
 Timelines represented by the Quantum are from the date of application by Developer with all the requisite documents and on a smooth functioning
of the authorities. The same shall have an impact based on functionality of the authority or congestion in the process or delay in application.
 The risk assumed by the Quantum is based on its impact on the project. Low suggesting minimum impact & high suggesting maximum impact.
 Developer has not provided any forged document for Quantum’s analysis. Quantum has asked for the latest documents available for the project
and Developer has provided the same for Quantum’s analysis.
36 |36
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Buildability/ Area Calculations

All figures mentioned below are in Sq Mt unless specified
Table 8: Area Calculations
As per Approved
Sr As per Approved Layout As per
Particulars Building Plan dated As per Developer Remarks
No Plan dated ___ Quantum
_____
1 Plot Area As per approved layout
2 Deductions for
30 Mt wide road As per approved layout
River Belt Reservation As per approved layout
3 Balance Plot Area As per approved layout
4 Amenity Space As per sanctioned layout
5 Net Plot Area (3) - (4)
Recreational Open
6
Space
Required As per sanctioned layout
Proposed As per sanctioned layout
7 Base Permissible FSI As per UDCPR
Base Permissible FSI (5) * (7) / 1394.80
8
Area retained for Building A
Permissible Premium
9 As per UDCPR
FSI
Permissible Premium
10 (9) * (1)
FSI Area
11 Permissible TDR As per UDCPR
12 Permissible TDR Area (11) * (1)
13 In Situ TDR
Against Road hand 200%
37 |37
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Table 8: Area Calculations

As per Approved
Sr As per Approved Layout As per
Particulars Building Plan dated As per Developer Remarks
No Plan dated ___ Quantum
_____
over
Against Amenity
200%
Handover
Against River Belt
100%
reservation
Total In situ TDR
14 Total FSI Area (8) + (10) + (12)
Permissible Ancillary
15
FSI
Permissible Ancillary
16 (14) * (15)
FSI Area
Total Permissible FSI
17 Area including (14) + (16)
Ancillary FSI
Inclusive Housing
18
(MHADA) Required
Inclusive Housing
19
(MHADA) Proposed
20 Proposed FSI Area
Base FSI has been
reduced by 1395 Sq Mt
Base FSI since the FSI of Building
A has been retained by
Land owner
Premium FSI
In Situ TDR
TDR
Ancillary FSI
38 |38
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Quantum’s Comments & Observations
 Land Area: The plot area of 28,613.66 Sq Mt is as per the approved plan.
 Road / reservations / Other Deductions: Deductions like road width or reservations are considered from the approved plan.
 Non Developable areas: The project is affected by River Protection Belt which is demarcated on approved plan.
 Land use Zone as per DP and Building use: Land use as per DP is Residential and Developer has proposed residential and commercial building
which is permissible as per UDCPR.
 Inclusive housing: As the plot area is more than 4000 Sq Mt and Developer is proposing a residential development. Developer shall have to make
provisions for Inclusive housing in the layout at 20% of the base FSI
o In lieu of this Developer shall be entitled for equivalent FSI to be utilized on the remaining plot or TDR if Developer decides not to utilize
this additional FSI
o TDR shall be calculated based on the formulae – (Land Rate of generating plot / Land rate of receiving plot) X un-utilized additional FSI
 Land Area for FSI calculation: The plot area for the purpose of FSI calculation is 20,602.49 Sq Mt, which is derived after deducting the reservation,
road and amenity areas from the plot area, which is appropriate as per the UDCPR.
 Permissible FSI: The total permissible FSI for road width 30 Mt is 3.00 as per UDCPR.
 Maximum Permissible FSI including additional FSI :
o Permissible Base FSI is 1.10 i.e., 22,700.81 Sq Mt
o Permissible Premium FSI is 0.50 i.e., 14,306.83 Sq Mt
o Permissible TDR is 1.40 i.e., 40,059.12 Sq Mt
o Permissible Ancillary FSI area is 46,240.06 Sq Mt.
 Proposed FSI utilization for the project
o Proposed Base FSI area of 21,267.94 Sq Mt (Since FSI for Building A has been retained by landowner)
o Proposed Premium FSI area of 10,010.00 Sq Mt
o Development Right generated from the project 14,027.68 Sq Mt
o When Amenity Space, road area is surrendered 2 times TDR for the area surrendered is generated, when River protection belt area is
surrendered 1 time TDR is generated.
o TDR area to be purchased is 23,604.00 Sq Mt.
39 |39
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o Ancillary FSI area proposed is 41,345.77 Sq Mt

 Fitment analysis / FSI utilization :
o Developer has provided with the concept plans, based on these the maximum FSI potential works out to be 1,215,000 Sq Mt, which is in line
as proposed by Developer (for the entire plot including Building A)..
 Areas as proposed by Developer:

o FSI area of 1,10,253.91 Sq Mt (11,86,773.09 Sq Ft)
o RERA carpet area of 68,512.05 Sq Mt (7,37,463.71 Sq Ft)
o Saleable area of 1,13,675.21 Sq Mt (12,23,600.00 Sq Ft)
 Loading:
o Quantum has calculated the loading factors based on the data represented by Developer, comments on the loading factor are based on the
general market practice, and variation based on the design is possible.
o Saleable area loading on useable carpet area for residential building work out to be 35% which is appropriate.
o RERA Carpet area as percentage of FSI area works out to be 65% which is appropriate.
Loading Calculations
All figures mentioned below are in Sq Mt unless specified
40 |40
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Table 9: Loading Calculation areas as per Developer

RERA total
saleable area
RERA Dry Open carpet balcony carpet
loading on
Tower FSI Area Carpet Balcony Balcony Total Carpet Saleable Area area as as % of area as
useable
Area Area Area % of FSI FSI area % of
carpet area
area FSI area
A
B
Total
Residential
Commercial
Grand Total
in Sq Mt
Grand Total
in Sq Ft
*Developer has stated that design for commercial building is not yet finalized.
Parking calculation
Table 10: Proposed Parking
for every tenant having no of cars no of scooter car park scoter park
Tenant having carpet no of units
carpet area per unit per uit required required
For Residential
Bldg B tene. Betn 40 - 80 sqmt ( for 2 tene.) 1 5 60 30 150
tene. Betn 80 - 150 sqmt ( for 1 tene.) 1 3 60 60 180
Visitor car parking (5%) 5 17
Total Parking 95 347
Bldg C tene. Betn 40 - 80 sqmt ( for 2 tene.) 1 5 60 30 150
41 |41
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Bldg E tene. Betn 40 - 80 sqmt ( for 2 tene.) 1 5 60 30 150
Bldg G tene. Betn 40 - 80 sqmt ( for 2 tene.) 1 5 60 30 150
Bldg H tene. Betn 40 - 80 sqmt ( for 2 tene.) 1 5 60 30 150
Bldg D tene. Betn 80 - 150 sqmt ( for 1 tene.) 1 3 60 60 180
tene. Betn 150 - above sqmt ( for 1 tene.) 2 3 30 60 90
Bldg F tene. Betn 80 - 150 sqmt ( for 1 tene.) 1 3 60 60 180
tene. Betn 150 - above sqmt ( for 1 tene.) 2 3 30 60 90
For Commercial tene. Betn 100 sqmt ( for commercial) 2 6 4679 sqmt carpet 94 281
Sub Total 784 2471
Visitor car parking 37 113
Total required 821 2584
42 |42
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Total provided 919 3072
*Excluding Building A
Quantum’s Comments & Observations

 Parking required as per UDCPR is 821 cars and 2584 scooters.
 Developer has proposed 919 cars and 3072 scooters, which is appropriate.
 Stack parking has been considered on Ground and Podium Floors.
Assumptions
 Quantum has calculated the loading factors based on the data represented by Developer, comments on the loading factor are based on the general
market practice, and variation based on the design is possible.
 Quantum has analyzed all the area calculations considering the present byelaws. Any change in the byelaws after submission of the report may
change the area calculations.
 Carpet area represented above is as represented by Developer which is cross checked based on standard thumb rules but it is not verified from
measurements of drawings.
 RERA carpet area is the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts,
exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.
 All the above calculation are based on the proposed designs / approved plans as per Developer, if there is any change in them these calculations
shall not hold good.
 Quantum has not physically measured the land area or the extent of reservations and other deductions; it is assumed that these are true
representations by Developer.
Specific representations given by Developers

 Developer has stated that the FSI area for Building A (Residential) has been retained by the landowner. The breakup of the same is given below –
FSI Break up of Building A (FSI retained by Landowner)
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Particular Area in Sq Mt
Basic FSI
TDR
Premium FSI
Ancillary FSI
Total
 Premium towards the Building A approval shall be paid by the Landowner
PLOT B2 FSI ENTITLEMENT - RAJESH BALWADKAR

PLOT B2 (Gross Plot Area) 1268.00
River Protection Belt (Gross Plot Area) 421
TOTAL PLOT Area 1689.00
NET PLOT Area 1268.00
BASIC FSI Area 1.1 1268.00 1394.8
TDR Area 1.4 1689.00 2364.6
PREMIUM FSI Area 0.5 1689.00 844.5
TOTAL FSI Area 4603.9
ANCILLARY FSI Area 0.6 4603.9 2762.34
TOTAL FSI 7366.24
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Statutory Approvals & Premium Costs

Below is the table of estimated approval premium cost going forward.
Table 11: Approval Premium Cost Comparison
Land RR 29,180.00 29,180.00
Construction cost 26,620.00 26,620.00
As per Developer As per Quantum
Rate per Sq Differenc
Particulars Amount in INR Area (Sq Mt) Amount in INR Remarks
Mt e in Cr
Scrutiny Fees 5 Rs 5 per Sq Mt of Built up Area
Land Development Charges 292 1% of RR
Residential Building Development
1,167 4% of RR
Charges
Commercial Building Development
2,334 8% of RR
Charges
Fire Premium 500 Rs 500 per Sq Mt
Premium FSI 10,213 35% of RR
Ancillary FSI 4,377 15% of RR
Interest on Instalment for Ancillary 4 equal instalments at 8.5%
and Premium FSI interest
Upakar / Labour Cess Residential 266 1% of construction cost
Upakar / Labour Cess Commercial 399 1.5% of construction cost
Other approvals As per Developer
Miscellaneous approvals 50 Rs 50 per Sq Ft of Saleable area
As per Developer excluding
TDR Cost
GST
Total
Total in Cr
Cost incurred
Balance to be incurred
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Table 12: Paid Challans

Particulars Amount
Development Charges
Building Development Charges
Upkar
Water Line Dev Charges
Scrutiny Amount
Ancillary FSI
C&D
Basement Low Level Permanent
Column Excavation
Land Development Charges
Miscellaneous cost
Fire Premium
Total Paid
Total Paid in Cr
TDR Purchased Details

X=
DRC DAT DRC ZO DOC DRC GEN RG/ AREA TO BE AGREEMENT SDUTY+
DRC OWNER NAME RG RR RG/RR *
NO E TYPE NE NO DATE RR UTILIZED VALUE REG
Y
5737 23.3.2 AMEN VV 11602/ RAJENDRA RAMDAS VALUNJ & 2019-20 261 273 0.956 1000 956.5 4,43,78,974 13,61,400
46 |46
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X=
Y
020 ITY 2022 ULHAS R VALUNJ 80 70 5
23.3.2 AMEN 11602/ RAJENDRA RAMDAS VALUNJ & 261 273 0.956
5738 VV 2019-20 1000 956.5
23.3.2 AMEN 11602/ RAJENDRA RAMDAS VALUNJ & 261 273 0.956
5740 VV 2019-20 1180 1128.7
9.10.2 AMEN 18136/ 247 273 0.905
5633 VV KANKARIYA & OTHERS 2019-20 2600 2353.0 3,50,00,000 10,80,100
019 ITY 2022 70 70 0
25.8.2 AMEN 13035/ 291 238 1.225
5003 VV BALEWADI PROPERTIES LLP 2016-17 703 861.6
016 ITY 2022 70 00 6
1,19,34,906 3,88,100
25.8.2 AMEN 13035/ 291 238 1.225
5004 VV BALEWADI PROPERTIES LLP 2017-18 132 161.8
016 ITY 2022 70 00 6
19.4.2 AMEN 13034/ PANCHSHIL INFRASTRUCTURE 331 273 1.209
5124 VV 2017-18 1126.44 1362.7 1,82,75,250 5,78,300
017 ITY 2022 HOLDINGS PVT LTD 10 70 7
13.9.2 AMEN 13036/ PUNE EXPRESS INFRASTRUCTURE 167 273 0.610
5208 VV 2017-18 233 142.2
017 ITY 2022 PVT LTD 00 70 2
5209 VV 2017-18 97.51 59.5
017 ITY 2022 PVT LTD 00 70 2
5214 VV 2017-18 294 179.4
017 ITY 2022 PVT LTD 00 70 2
1,03,05,098 3,39,200
5215 VV 2017-18 317 193.4
017 ITY 2022 PVT LTD 00 70 2
5217 VV 2017-18 83 50.6
017 ITY 2022 PVT LTD 00 70 2
5218 VV 2017-18 234.82 143.3
017 ITY 2022 PVT LTD 00 70 2
18.1.2 AMEN 13132/ 175 291 0.602
5889 VV JAIRAJ DEVELOPERS 2021-22 752.9 453.3
022 ITY 2022 70 80 1
5,11,00,000 15,63,100
18.1.2 AMEN 13132/ 175 291 0.602
5890 VV JAIRAJ DEVELOPERS 2021-22 5714.93 3441.1
022 ITY 2022 70 80 1
2.11.2 AMEN 11469/ 256 273 0.936
5623 VV INDIRA SADANAND SHETTY 2019-20 3390.8 3175.2 4,70,00,000 14,40,100
019 ITY 2022 30 70 4
25.2.2 9448/2
4541 Slum C BLUERAYS DEVELOPERS LLP D - - 1 7325 7325 13,00,97,600 39,33,000
019 022
25.2.2 10221/
4541 Slum C BLUERAYS DEVELOPERS LLP D - - 1 600 600 1,06,56,360 3,49,700
019 2022
47 |47
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X=
Y
1,10,33,00
TOTAL 26784.4 23543.9 35,87,48,188
0
Approval Premiums
 The Land ready reckoner rate has been considered for FY 21-22 at Rs 29,180.00 per Sq Mt, it might vary at the time of payment of premium.
However, escalation in RR rate is not considered in Quantum’s recommended premiums.
 As mentioned in area calculation section DR of 14027 Sq Mt is generated, balance TDR of 23,604 Sq Mt (refer calculation in section) will have to be
purchased from market; which is taken in the calculations.
 The TDR area of 23,543.9 Sq Mt has already been purchased without GST at 36.98 Cr. This is the total market TDR required for the proejct.
 The premium FSI has been considered at 35% of RR based on current regulations.
 Ancillary FSI has been considered at 15% of RR based on current regulations.
 The other approval costs are considered at Rs 50 per Sq Ft of total saleable area which includes revision of approvals, final approvals, and other
minor approvals like water, electrical, drainage noc, amendment in EC, amendment in CTE, OC etc.
 Developer has proposed installment payment scheme for Ancillary FSI area and Premium FSI area, hence interest towards it has been calculated. As
per UDCPR initial 10% payment has to be made then equal instalments of 18% each year in 4 years has to be paid at 8.5% interest rate.
 Total approval premium cost going forward as per Developer is 50.56 Cr and as per Qunatum it is 58.60 Cr.
o The major difference between Developer’s estimate and Qunatum’s estimate is the miscellaneous approval cost.
Assumptions
 It is assumed that the paymmet for all the approvals already obtained has been cleared by Developer, this estimate is only for the going forward
approvals.
 Escalation of 0% is considered in the calculation however, actual escalation of RR rate depends on revision of RR which is controlled by the Govt.
hence can change from the assumption taken in the calculation.
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Project Schedule
The Developer has proposed Residential development named “Arvind Elan” located at Kothrud in Pune district. The entire layout of the project has 2
residential + 1 MHADA buildings namely Tower A, B and C (MHADA). The developer is proposing configuration of B+G+UG+12 floors for Tower A, B
and MHADA building having the configuration of P+4 floors. The total work is proposed in 1 Phase. The Developer has not provided the detailed schedule
for the project and Quantum has considered the start and end date for the complete project as per the RERA certificate. Quantum conducted the site visit
on 18.10.2022, work for RCC work for 12 th floor slab is completed in Tower A and B, Internal Finishing activity is started. Based on available information,
Quantum has analyzed the same in the section below. Any changes in configuration will have a subsequent effect on the schedule of the project &
accordingly comments will change.
Status of the Project as on dt. 18-Oct-22

Table 13 : Status of the Building – Tower A, B & C
Sr. No Particular Completion as on dt. 18th Oct’22
1. Civil RCC of 12th floor slab completed, BBM work at 12th floor in progress
2. Finishing Gypsum and Waterproofing work in progress at 10th & 5th floor.
3. MEP Electrical & Plumbing concealed at 10th & 5th floor in progress.
4. MHADA RCC work for 3rd floor slab in progress.
5. External Development Yet to start
Project Schedule
Table 14 : Project Timeline as per Developer – Tower Wise
Sr. No Particular A B C
Nov-18
1. Start Date
Dec-23
2. Finish Date
61
3. Total Duration
13
4. Remaining Duration from Dec’22 (In months)
Quantum Comments and Observations:

 The developer has not provided the detailed project schedule for the project & Quantum has considered the same for analysis.
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 Quantum has assumed that, after completion of RCC work, finishing will commence in full fledge for all buildings by the developer.
 Quantum has estimated the project timelines for remaining activities based on the following assumption.
o 45 days of duration for RCC work to completed LMR & OHWT.
o 21 days of floor cycle for MEP works.
o 25 days floor cycle for Finishing works.
o External Development will commence after completion of RCC work of individual buildings.
o The developer will deploy necessary machinery like tower cranes, material hoist & other construction equipment.
Based on above comments below is schedule comparision between Developers and Quantum:
Table 15: Project Schedule Comparison- Developer Vs Quantum
As per the Developer As per Quantum
Sr. No Particular Duration in Duration in
Start Date End Date Start Date End Date
months months
1. Tower A Nov-18 Dec-23 61
2. Tower B Nov-18 Dec-23 61 Nov-18 Dec-23 61
3. Tower C (MHADA) Sep-21 Sep-23 24
4. External Development Jan-23 Sep-23 9
Overall Timeline Nov-18 Dec-23 61 Nov-19 Dec-23 61
Remaining Duration from Dec’22 (In months) 13 13
Note: Saleable area (SA) of 1,34,952 Sq Ft is used for calculations.
Assumptions
 Construction work is not affected by the slow pace of sales, lack of finances or non-payment of contractors/vendors during the estimated
construction duration.
 Optimum resources are deployed by the Developer and contractors as and when required for the project based on the project schedule.
 Construction work is not affected because of the lack of statutory approvals.
 Construction work is not affected by the condition of “Force Majeure”
50 |50
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Cost Estimate
The Developer has proposed Residential development named “Arvind Elan” located at Kothrud in Pune district. The entire layout of the project has 2
residential + 1 MHADA buildings namely Tower A, B and C (MHADA). The developer is proposing configuration of B+G+UG+12 floors for Tower A, B
and MHADA building having the configuration of P+4 floors. The total work is proposed in 1 Phase. The Developer has not provided the detailed schedule
for the project and Quantum has considered the start and end date for the complete project as per the RERA certificate. The construction was started back
in 2018 and as per the observation during the site visit on 18.10.2022, work for RCC work for 12 th floor slab is completed in Tower A and B, Internal
Finishing activity is started. Developer has not provided the detailed cost breakup for the project and as the construction was started in 2018, there is
limitation to calculate the exact escalation. Hence Quantum has worked out the CTC for the project for the balance activity based on the available
information in the section below. Any changes in configuration and specification will have a subsequent effect on the budget of the project & accordingly
comments will change.
11.1.1. Cost Estimates as represented by Developer
Table 16: Cost Estimate as per Developer
Cost Incurred till Balance CTC in

Sr. No. Particulars Rate per Sq Ft on SA Budget in Cr.
Jun’22 in Cr. Cr.
1 Civil
2 Finishing
3 MEP
4 External Development
5 Other Cost 2,890 39.00 16.43 22.57
6 EWS
7 Consultant Fees
8 Contingency
9 Escalation
Total Construction Cost (with Tax) 2,890 39.00 16.43 22.57
9 Tax @ 18% 441 5.95 2.51 3.44
Total Cost Excluding Tax 2,449 33.05 13.92 19.13
Note: Saleable area (SA) of 1,34,952 Sq Ft is used for calculations.
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Quantum Comments & Recommendation:

 Budget: Developer has provided a budget of Rs 39.00 Cr inclusive of Tax, Contingency and Escalation at a per Sq. ft. rate of Rs 2,890 on saleable area.
Considering the material, labor rates, specification, amenities for the project and benchmarking the same with other similar projects, Quantum has
estimated the budget of Rs 40.24 Cr (incl GST) i.e., a per Sq. ft. rate of Rs 2,982 on saleable area.
 Taxes: The taxes are considered at a rate of 18%.
 Cost Incurred: Developer has provided a cost incurred of Rs 16.43 Cr till Jun 2022 for the project. Developer has not shared the backup for tax
invoice / proforma invoice. Quantum has verified the same on physical works of progress on site. The provided cost incurred of Rs 16.43 Cr till Jun
2022 appears to be appropriate.
 The developer has not provided a cost breakup of Rs. 39.00 Cr. i.e., Rs. 2890 per Sq Ft of saleable area.
 Civil Cost: Civil works includes Excavation, Steel, Concrete, Labour, Formwork, Block work, Plaster, Gypsum and Waterproofing. Major items are in-
line with market rates and industry standards, Quantum recommends a budget of Rs. 20.61 Cr. (incl GST) i.e., a per Sq. Ft. rate of Rs. 1,527 on saleable
area. However, based on the physical progress i.e., up to 18.10.2022 Quantum, recommends the CTC as Rs. 3.81 Cr. for balance activity.
 Finishing Cost: Finishing works includes Flooring, Door Frame & Shutter, Windows, False Ceiling, Painting, Fabrication and Ground floor lobby
finishing. Major items are in-line with market rates and industry standards, Quantum recommends a budget of Rs. 8.01 Cr. (incl GST) i.e., a per Sq Ft
rate of Rs. 594 on saleable area and a CTC of Rs. 7.93 Cr. based on physical progress i.e., up to 18.10.2022 for balance activity.
 MEP Cost: MEP works include Electrical Wiring, Switches, Elevators, Plumbing, Firefighting, Lift, Solar and VDP. Major items are in-line with market
rates and industry standards, Quantum recommends a budget of Rs. 6.29 Cr. (incl GST) i.e., a per Sq. Ft. rate of Rs. 466 on saleable area and a CTC of
Rs. 6.04 Cr. based on physical progress i.e., up to 18.10.2022 for balance activity.
 External Development: Developer has not shared the budget for the development work. As per market rates and industry standards, Quantum
recommends a budget of Rs. 1.82 Cr. (incl GST) i.e., a per Sq Ft rate of Rs. 135 on saleable area.
 Other Cost: Other cost work includes activities related to Handover. Quantum recommends a budget of Rs. 0.36 Cr. (incl GST) i.e., a per Sq Ft rate of
27 on saleable area.
 MHADA: Developer has confirmed above budget includes the MHADA cost and has not shared the cost breakup. As per marker practice and
industry standards, Quantum recommends a budget of Rs. 1.54 Cr. i.e., a per Sq Ft rate of Rs. 1,800 on construction area of MHADA building i.e.,
(8,561 Sq Ft) and a CTC of Rs. 1.00 Cr. based on physical progress i.e., up to 18.10.2022 for balance activity.
 Consultant Fees: Developer has confirmed above budget includes the MHADA cost and has not shared the cost breakup. As per marker practice and
industry standards, Quantum recommends a budget of Rs. 0.91 Cr. i.e., a per Sq Ft rate of 68 on saleable area.
 Contingency: The budget shared by the Developer is inclusive of contingency. As per standard market practice and Quantum’s experience with
similar projects, Quantum has derived the contingency at 3% of cost to complete. The said budget derives to Rs. 0.69 Cr.
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 Escalation: The budget shared by the Developer is inclusive of escalation. Quantum has analyzed the completion date for the project as Dec’23 with
the said assumptions and has not considered the escalation. However, if the project timeline is revised beyond the completion date an escalation of 4%
YOY will get added for the balance work.
Based on the above comments Quantum’s recommended cost estimate for the project is as shown below in the table below:
Table 17: Cost Estimate Comparison: Developer Vs Quantum
As per Developer As per Quantum
Sr. Cost Cost
Particulars Rate Per Budget Balance Rate Per Budget Balance
No. Incurred Incurred
Sq Ft of SA in Cr CTC in Cr. Sq Ft of SA in Cr CTC in Cr.
till Jun'22 till Jun'22
1 Civil 1,527 20.61
2 Finishing 594 8.01
3 MEP 466 6.29
4 External Development 135 1.82
16.43
5 Other Cost 2,890 39.00 16.43 22.57 27 0.36 24.04
6 EWS 114 1.54
7 Consultant Fees 68 0.91
8 Contingency 51 0.69
9 Escalation - -
Total Construction Cost with Taxes 2,890 39.00 16.43 22.57 2,982 40.24 16.43 23.81
10 Tax @ 18% 441 5.95 2.51 3.44 455 6.14 2.51 3.63
Total Cost Excluding Tax 2,449 33.05 13.92 19.13 2,527 34.11 13.92 20.18
Note: Saleable area (SA) of 1,34,952 Sq. Ft is used for calculations
53 |53
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Based on the above comments Quantum’s recommended cost estimate for the project is as shown below in the Graph:
Cost Estimate by Quantum (Cr.)

1.54 0.91
0.69
0.36
1.82
20.61
6.29
8.01
Civil Finishing MEP External Development

Other Cost EWS Consultant Fees Contingency
Figure 3: Cost Estimate by Quantum
54 |54
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Assumptions
 Cost of Land, brokerage, approvals cost, sales office, advertising, admin & marketing expenses, site running cost etc. are not included in the budget.
 Cost of Project Management Consultants and Cost Consultants (if any) is not included in the cost estimate.
 Cost of Design Consultants is included in the budget
 The budget is estimated based on the construction area given by Developer; hence any change in the construction area can change the project
budget.
 Any significant design/specification change during the project life cycle after the completion of this report is not included in the budget.
 Construction work is not affected by the condition of “Force Majeure”
 Commencement of construction/completion of construction is not delayed beyond the timelines assumed in the project schedule section of the
report.
 Construction will be carried out on B grade contractor on labour basis. Any significant change in the contracting strategy can lead to changes in the
budget.
 Escalation is estimated as 4% year on year during the project duration. However, actual escalation in cost can be different.
 Cost of any utility line (like power, water) from the source to the boundary of the project is not considered in the budget.
 The budget is prepared based on Work Order / Purchase Orders shared by the Developer for awarded works. For all other works for which WO
/PO are not shared or works are not awarded, rates are considered based on current market rates.
 The cost incurred numbers do not include any advances given to Vendors, Contractors or Consultants.
 The value of inventory lying on site is not excluded from cost to complete.
 The budget does not consider any past claims (if any) for completed works of contractors, vendors consultants or any anticipated claims in future (if
any).
55 |55
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Site Photographs
Approach Road (Service Road) Entrance 1 Approach Road (Service Road)
Tower A Tower B Tower C (MHADA)
56 |56
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Waterproofing Gypsum & Electrical Conduting Toilet – Concealed Plumbing
Club House Area STP, Transformer Room Area Ramp for Upper Ground Parking
57 |57
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Sample Flat - Hall Sample Flat - Kitchen Sample Flat - Terrace (Master Bed)
Sample Flat - Master Bedroom with Wooden Flooring Sample Flat - Bedroom Sample Flat - Toilet
Figure 4: Site Photographs
58 |58
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Annexures
Proposed Site
Annexure 1 : DP Remark
59 |59
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13.1.1. Proposed Layout Plan
Building A – LandOwner
Figure 5: Proposed Layout Plan
60 |60
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13.1.2. Approved Layout Plan
Figure 6: Approved Layout Plan
61 |61
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13.1.3. Proposed Section
Figure 7: Proposed Section
62 |62
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13.1.4. Proposed Section
Figure 8: Proposed Sect
63 |63
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13.1.5. Approved Section
Figure 9: Approved Section
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13.1.6. Sub Division Approved Plan
Figure 10: Sub Division Approved Plan
65 |65
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13.1.7. Approved Amalgamation Plan
Figure 11: Approved Amalgamation Plan
66 |66
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13.1.8. Approved Building Plan dated 15.03.2022
Figure 12: Approved Building Plan
67 |67
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13.1.9. List of Specifications
Table 18 : List of Specifications
68 |68
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13.1.10. List of Amenities
Table 19 : List of Amenities
69 |69
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Caveats and Limitations

For preparation of The Technical Due Diligence Report (Hereafter referred to as the “Report”) for Nippon (Fund), Quantum Project Infra Pvt. Ltd.
(Quantum) has relied on the information provided by Kunal Group (Developer).
Quantum has relied on information or opinions, both written and verbal, as current obtained from the Fund, Developer as well as from third parties
provided with, including limited information on the approvals, construction, which has been accepted as accurate in bona-fide belief. No responsibility is
assumed for technical information furnished by Lender, Developer and this is bonafidely believed to be reliable.
This Report is not based on the detailed technical assessment of the project site/construction. In this connection, Quantum has relied solely on the
information supplied to Quantum by Fund, and Developer.
Quantum's total aggregate liability to the Fund, and Developer including that of any third party claims, in contract, tort including negligence or breach of
statutory duty, misrepresentation, restitution or otherwise, arising in connection with the performance or contemplated performance of the services is
limited to an aggregate sum not exceeding the total fees paid for each instructions accepted. Quantum shall not be liable for any pure economic loss, loss of
profit, loss of business, depletion of goodwill, in each case whether direct or indirect or consequential or any claims for consequential loss compensation
whatsoever which, arise out of or in connection with services provided under this engagement.
Quantum endeavors to provide services to the best of ability and in bona-fide good faith. The proposed services and/or work product of Quantum shall be
only for the use of Fund, and Developer. If Fund, and Developer allows any third party to use or rely thereon the work product of Quantum, it shall be at
the sole risk of the Fund, and Developer and there shall be no liability on Quantum (including its Directors, and employees) towards any third party claim
for damages, economic loss or damage suffered arising out of or in connection with the services proposed to be rendered, direct or indirect due to
whatsoever reasons and however the loss or damage is caused. Fund and Developer shall assist and cooperate with Quantum to defend any third party
claim before any court of law or authorities, and indemnify Quantum of the cost of such proceedings.
This engagement shall be governed by and construed in accordance with Indian laws and any dispute arising out of or in connection with the engagement,
including the interpretation thereof, shall be submitted to the exclusive jurisdiction of courts in Mumbai.
*******
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Technical Due-Diligence

Technical Due Diligence

Figure 1: Google Image Showing Project Location.................................................................................................................................................................................... 11

Figure 7: Proposed Layout Plan................................................................................................................................................................................................................... 54

Abbreviations Name Abbreviations Name

Abbreviations Name Abbreviations Name

 Site visit was conducted by Quantum on 18th October 2022

 Quantum is hereby submitting Draft Technical Due-Diligence report to Fund.

Section 2. Scope of work

Statutory Approvals + Approval Premiums

Calculation of Estimated Saleable Area:

Construction Budget and cost to complete

Exclusions from the scope

 Preparation / detailed review of BOQ for any part of the project.

Section 3. Technical Due Diligence Outcome

Figure 1: Google Image Showing Project Location

Figure 2: Google Image Showing Detailed Project Features

Part Approved Building Plan dated 10.06.2021

Project Details as proposed by Developer

Table 2: Project Details Provided by Developer

Building wise Details of the Project

Table 5: Approvals for the Project

Table 5: Approvals for the Project

Entity: Neptune Developers Pvt. Ltd

Table 5: Approvals for the Project

Table 5: Approvals for the Project

Table 5: Approvals for the Project

11. Commencemen Entity: Neptune Developers Pvt. Ltd

Table 5: Approvals for the Project

Table 5: Approvals for the Project

Table 5: Approvals for the Project

Entity: Neptune Developers Pvt. Ltd

Table 5: Approvals for the Project

Entity: Neptune Developers Pvt Ltd.

Entity: Neptune Developers Pvt Ltd.

Table 5: Approvals for the Project

Table 5: Approvals for the Project

Table 5: Approvals for the Project

Entity: Neptune Developers Pvt. Ltd

Table 5: Approvals for the Project

Entity: Architect – D.M. Davli

Entity: Neptune Developers Pvt. Ltd

Table 5: Approvals for the Project

Table 5: Approvals for the Project

34. OC Approval Entity: Neptune Developers Pvt. Ltd It is appropriate.

Table 5: Approvals for the Project

Table 5: Approvals for the Project

Table 5: Approvals for the Project

Received and does not require any amendment

Comments on Statutory Approvals

Risk Matrix for Balance Approvals and expected timelines by Quantum

List of Major Approvals to be obtained after completion of Building

Buildability/ Area Calculations

Table 8: Area Calculations

Quantum’s Comments & Observations

o Ancillary FSI area proposed is 41,345.77 Sq Mt

 Areas as proposed by Developer:

Table 9: Loading Calculation areas as per Developer

Table 10: Proposed Parking

Table 10: Proposed Parking