Detail of Property Dhypothecated in Favour OMAXE

Overview Of The Notice

The document provides details of properties hypothecated in favour of Omaxe New Chandigarh Developers Pvt. Ltd. in connection with its project at Mullanpur LPA (New Chandigarh), District S.A.S. Nagar, Punjab. It lists plot numbers, plot areas, village and revenue-record details, collector rates, and the amounts recorded against individual properties. The document also contains entries associated with villages including Bansepur, Paintpur, Panimajra and Saini Majra.

What Details Are Included?

The property records contain information about the promoter and project, along with details such as plot number, area in square yards, village, hadbast number, khasra numbers and the area linked to each property. The document also records the collector rate and the amount of property hypothecated. Several entries show a collector rate of ₹13,300 per square yard and a rate of ₹11,970, representing 90% of the stated collector rate. The extracted document includes multiple entries dated in 2016, 2018 and 2021. The figures and dates for individual plots should be verified against the original document before being relied upon.

What Does Hypothecation Mean?

Hypothecation generally means that a property or asset is provided as security for a financial obligation. The exact legal and financial effect depends on the relevant agreement, approvals and official records. The presence of a property in this list does not, by itself, establish whether the associated obligation remains outstanding or whether the property has subsequently been released from hypothecation.

Why Is This Information Important?

These records may be useful to property owners, prospective buyers and other interested parties who need to understand the recorded status of plots associated with the Omaxe New Chandigarh project. Anyone dealing with a listed property should verify its plot number, ownership records, applicable charges and current hypothecation status with the relevant authority before proceeding with a transaction.

In Simple Words

This document lists properties associated with Omaxe New Chandigarh Developers Pvt. Ltd. that were recorded as hypothecated. It provides details such as plot numbers, areas, revenue records and property values calculated using the stated collector rates. To determine whether a particular property is currently free from hypothecation, the latest official records and relevant release documents must be checked.

Practical Details

• Notice Date: May 2022

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