DETAIL OF PROPERTY HYPOTHECATED IN FAVOUR OF GMADA.

Overview

The document appears to contain details of properties hypothecated in favour of the Greater Mohali Area Development Authority (GMADA) by a promoter whose name is partially readable as Manoar Infrastructure Constructions. The exact registered company name should be verified from the original document. The record includes details of residential and other properties, their plot numbers, areas, village and revenue particulars, collector rates, and the amounts recorded against the properties.

What Information Does the Document Contain?

The document provides property-related information, including the promoter's name, project location, plot numbers, total area and hypothecated area. It also includes collector-rate calculations and the corresponding recorded property values. The extracted text mentions residential properties and appears to show a total residential area of approximately 2,748 square yards. However, some figures and column entries are unclear, so this total should be confirmed against the original record.

What Does Hypothecation Mean?

Hypothecation generally refers to an arrangement in which an asset or property is used as security for a financial or other obligation. The precise effect depends on the applicable agreement and official records. A property appearing in a hypothecation list does not, by itself, confirm whether the charge is still active or has subsequently been released.

Why Is This Information Important?

Such records can help property owners and other interested parties identify properties associated with a recorded hypothecation arrangement. Before buying, selling or otherwise dealing with a listed property, it is important to verify the plot details and current status with the concerned authority.

In Simple Words

This document records property details linked to a promoter and a hypothecation arrangement with GMADA. It includes plot areas, revenue particulars and collector-rate information. The exact company name, project location and figures should be checked against the original document before publication or use in a property transaction.

Practical Details

• Notice Date: May 2022

For more information and complete details, click on “Open Original Document” to view the official source.