May 13, 2025
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- Freehold: Complete ownership of land and property. No annual ground rent. Easy resale. Example: Most DDA flats in Delhi are now converted to freehold.
- Leasehold: Land is leased from government authorities (like Noida Authority or HUDA) for a period (typically 99 years).
Conversion to freehold is possible with extra fees and clearance.
Always check the allotment letter and terms of lease before purchase.