Hey Pal,
Developers are given land development rights by the local development authority, which also sells properties for 99-year leases. This means that anyone who buys a residential or commercial property will only have possession of it for 99 years, after which time the landowner regains it.
Also, if you want to know what happens if the lease gets expired, then I would like to suggest that you go through the below-mentioned response;
What Happens When 99-Year Lease Expires in India?I hope this helps:)
For more legal queries regarding property buy and sell, check out NoBroker Legal Assistance Service.Your Feedback Matters! How was this Answer?
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What is the lease period of land alloted for aided school by DDA in Delhi ?
SURESH KUMAR TANEJA
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1
3 Year
2022-09-16T13:14:29+00:00 2022-09-21T18:01:06+00:00Comment
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