Mumbai Real Estate: Leasehold Vs. Freehold Property- Ramesh Nair, COO – Business, Jones Lang LaSalle India
A leasehold property defines the status of the land on which the property is built. Leasehold land on which construction takes place is ordinarily on long-term lease of 99 years onward. Specific to residential property on leasehold land, one may use the example of the MMRDA’s Wadala development plan, wherein the land is given on …