Hypothecation of additional area in commercial 9 in Part D... M/S Omaxe new Chandigarh Developer.

Overview

The notice concerns a commercial property in Bharounjia village, Hadbast No. 160, Tehsil Majri, District S.A.S. Nagar, associated with Omaxe New Chandigarh at Mullanpur. The property is identified as Commercial-9. According to the supplied details, the property has an area of 3,427.346 square metres, equivalent to approximately 4,100 square yards. The collector rate is stated as ₹22,500 per square yard, and the value calculated at 90% of the collector rate is mentioned as approximately ₹8.30 crore.

Property Details

The notice identifies the property as Commercial-9 in Bharounjia village, within the New Chandigarh area. The supplied text also refers to Omaxe New Chandigarh and a property-related hypothecation record involving GMADA. De-hypothecation generally refers to releasing a property from a financial security or charge. However, the exact status and effect of this notice cannot be confirmed from the extracted text alone.

Why Is This Notice Important?

For anyone concerned with this property, the notice may be relevant to understanding its financial or administrative status. However, the stated property value does not necessarily represent its market price or a sale price. Anyone considering a transaction involving the property should verify the official notice, the property identification details and the current status of any charge with the concerned authority.

In Simple Words

The notice provides details of a commercial property in Bharounjia village, New Chandigarh, measuring approximately 4,100 square yards. It mentions a collector rate of ₹22,500 per square yard and a value of about ₹8.30 crore at 90% of that rate. The original notice should be checked to confirm whether de-hypothecation has been approved or is only being proposed, along with the exact property details and applicable conditions.

Practical Details

• Notice Date: Jan 2023

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