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Home / Rent and Lease / What is the ownership status after 99 year?
Q.

What is the ownership status after 99 year?

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1

3 Year

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0 2022-04-29T18:24:23+00:00

After 99 years, the development authority takes the responsibility to sell or lease out the property to the developers. If there is a lease, then the original owner can reclaim the land in India. A lease can also be extended after 99 years. And we must also remember that the value of the property lowers after 99 years. To know more about this read:

What Happens When 99 Year Lease Expires In India?