Legal Question in Landlord & Tenant Law in India
What are the drawbacks to buy land on 999 yrs lease?
Asked on 4/01/14, 2:39 pm
2 Answers from Attorneys
It is subject related to State Law therefore to take appropriate guidance you should either take help of a competent learned lawyer or if you may require of my service you have to disclose your location and we will provide you a competent lawyer on the subject who can best advice you on the subject.
Answered on 4/01/14, 4:59 pm
Fca Prashant Chavan
Expert Edge LLP
02.03.2014
Dear Sir / Madam,
Athough it is always preferably to purchase a land which is "freehold", I do not see any drawbacks to purchase a land which is leasehold, since 999 years is considered to be "perpetual".
Regards,
Answered on 4/01/14, 11:17 pm
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