Are flats build on land with 99 yrs of lease also on 99 yrs of lease ?

POSTED BY gkguptabsnl ON March 12, 2014 10:23 pm ONE COMMENT

Sir,

If the land on which the flats are being constructed is on lease ( say for 99 years), Does that mean if i buy a flat , that will also be on lease for 99 years and i can not make registry of my flat. I am in confusion over this issue, as some dealers say that u can do registry and some say you can’t.Also let me know all the pros and cons. of buying a flat on leased land. I will be very thankful if anyone shares knowledge over this issue. thanks

One reply on this article “Are flats build on land with 99 yrs of lease also on 99 yrs of lease ?”

  1. ashalanshu says:

    Dear GKGupta, the flat’s life ‘ll be also up to the lease date of land. the registry of flat ‘ll happen in your name with validity of lease expiry.

    Thanks

    Ashal

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