Real Estate Forum on Leasehold

Latest Answer: Hi Deepak!! I think you should take the help of a legal expert to verify your property. You can also take the photocopy of the land details and visit the Land and Revenue Dept. of your local Municipality for verification of the property.

Latest Answer: If it is done not within 60 days, then the seller have to file again a new application.

Latest Answer: Transfer memorandum is a permission granted by the development authority to the seller of the property allowing to transfer his rights to the buyers. The seller can obtain the a transfer memorandum from the local development authority and it is necessary because the development authority provides land development rights to the developers and sell the residential units for a lease of 99 years. Anyone who buys flat in commercial or residential project will actually own the flat for 99 years and the authority technically remains the first owner. You need to register the property in your name even under leasehold.

Latest Answer: You should contact Kanpur Development Authority and enquire if freehold schemes are going on.