Difference Between Freehold and Leasehold Property in India Explained

Buying a real estate property is a complicated process that doesn’t conclude with making the payment and putting your name on the deed. In India, there are two types of property i.e., Freehold and Leasehold. In both properties, there are certain differences when it comes to their purchase, ownership, and sale. Indeed, you read correctly: the types of property vary based on the rights that the purchasers will receive. In India, freehold and leasehold properties are the two most prevalent kinds. When buying real estate, it's critical to comprehend the differences between these two kinds of properties. Read further for more details on the two types of properties. What is Freehold Property? Freehold means you fully own the property and the land it's on, with no restrictions. You’re free to sell, lease, or pass it on however you like. Freehold property does not involve any ground rent and thus you will only be responsible for any additional costs, expenses, or charges such as reno...