Preheat the oven to 350 degrees Fahrenheit or place a stand on a pan and preheat for 10 minutes
Place parchment paper on a cake pan and grease with baking spray
Firstly take flour, baking powder, baking soda, and salt and sieve to get a lump free smooth flour
In a microwave-safe glass add sugar, water, oil, and softened butter, microwave for 2 minutes. Microwave till sugar is melted and you see clear liquid
Furthermore, add vanilla extract and condensed milk; mix well
Add wet ingredients to the dry ingredients and mix gently until everything is combined well
Transfer the batter and tap the pan to remove air bubbles