99 Years Lease: What Is The Future Of The Property? | Property Mishra Show

99 Years Lease: What Is The Future of the Property?

Leasehold properties, commonly offered for 99 years, have become a significant part of the real estate landscape. A leasehold property means the buyer owns the property for a fixed tenure, typically 99 years, while the land belongs to the original owner or government authority. This concept is widely used for residential flats, houses, and commercial spaces.

The key difference between leasehold and freehold properties lies in ownership. In a freehold property, the owner has absolute rights over the land and the structure, while leasehold ownership is limited to the lease period. After 99 years, the lease can either be renewed or the property reverts to the landowner.

In India, cities like Delhi and Mumbai are hubs of leasehold properties. While leasehold properties often have lower upfront costs, they come with restrictions on modifications and transfer rights. Converting leasehold to freehold has become a popular trend, offering more security and long-term benefits.

Understanding the nuances of leasehold properties is essential for informed decision-making. Whether you’re investing in a flat, house, or commercial space, knowing the terms of the lease and the future of the property ensures clarity and peace of mind.

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