Understanding Freehold and Leasehold Properties: Advantages and Disadvantages
When planning to buy property in Delhi , one of the most important decisions is choosing between a Freehold property in Delhi or a leasehold property in Delhi . Each type has its own advantages and disadvantages. Let’s explore them to help you make an informed decision. What is a Freehold Property? A freehold property means the buyer owns both the property and the land it stands on permanently . This type of ownership gives full control over the property and land without any time limits. Advantages of Freehold Property in Delhi: Complete Ownership: Own the building and land indefinitely. Higher Resale Value: Freehold properties in Delhi generally have better market value. Freedom to Modify: Renovate or extend your property as per your needs (local rules permitting). No Lease Restrictions: No yearly lease payments or landlord approvals required. Easier Home Loans: Banks prefer financing freehold properties. Disadvantages of Freehold Property in Delhi: Higher Cost: Freehold prope...