Scribd
Upload
24 views

Dhanraj-C Undertaking Form-B

The document is a declaration by a promoter for a real estate project. It details that the promoter has legal title to the land, the land is unencumbered, the projected completion date is 2026, 70% of funds from buyers will be deposited in a separate account for construction costs, and withdrawals will be proportionate to completion percentage.

Uploaded by

advocateimteyaz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
24 views

Dhanraj-C Undertaking Form-B

The document is a declaration by a promoter for a real estate project. It details that the promoter has legal title to the land, the land is unencumbered, the projected completion date is 2026, 70% of funds from buyers will be deposited in a separate account for construction costs, and withdrawals will be proportionate to completion percentage.

Uploaded by

advocateimteyaz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

FORM ‘B’

DECLARATION, SUPPORTED BY AN AFFIDAVIT, WHICH SHALL


BE SIGNED BY THE PROMOTER OR ANY PERSON AUTHORISED
BY THE PROMOTER.
AFFIDAVIT-CUM- DECLARATION

I, Sh. Basant Kumar, Promoter of the project Dhanraj Complex Block-C,


do hereby solemnly declare, undertake and state as under: -
1. That I have a legal title to the land on which the development of
the project Dhanraj Complex Block-C 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 is 17/03/2026.

4. That seventy percent of the amounts realized by me 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project, shall be withdrawn by me in proportion to the percentage
of completion of the project.

6. That the amounts from the separate account shall be withdrawn by


me 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 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
utilized for the project and the withdrawal has been in compliance
with the proportion to the percentage of completion of the project.

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

9. That I have furnished such other documents as have been


prescribed by the Act and the rules and regulations made
thereunder.

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

Deponent

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 2024.

Deponent

You might also like