{
  "id": 9912974,
  "title": "Your flat has a 99-year lease. What happens when it ends?",
  "url": "https://urgent.news/2026/09/26/your-flat-has-a-99-year-lease-what-happens-when-it-ends",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-26T04:00:00.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/real-estate/news/your-flat-has-a-99-year-lease-what-happens-when-those-99-years-end/articleshow/134490599.cms"
  },
  "original_language": "en",
  "account": "When you own a property with a 99-year lease, it's crucial to understand the implications of that agreement. In many urban areas, such as Noida and Greater Noida, most properties are leasehold, meaning the land is owned by a government agency like the Noida Authority or Greater Noida Authority, while the buyer holds the right to use it for a fixed period of 99 years. After this term expires, the lease may be renewed or extended, though this depends on the authority's decisions and policies at the time. However, there is no automatic conversion from leasehold to freehold after 99 years.\n\nOne key aspect of owning a leasehold property is the annual lease rent. Owners are required to pay this rental fee to the authority, typically a small percentage of the land's total cost. If this payment is missed, penalties, interest charges, or legal complications may arise. There isn't a set process for converting leasehold property to freehold after the lease term ends, and any such conversion would be determined by the government at the time, which may not always be available.\n\nIf the lease is not renewed or if there are violations of the lease terms, the authority may repossess the land, although this is rare and usually avoidable. In places like Maharashtra, leasehold properties are still governed by the original government lease terms, with recent changes aimed at making the distinction between government ownership and leaseholder rights clearer. For example, in June 2026, the Maharashtra state government directed that government leasehold land be recorded in revenue records with the Maharashtra government as the occupant, while leaseholders are listed under \"Other Rights\". Similarly, in Delhi, leasehold properties owned by the Delhi Development Authority (DDA) can be converted to freehold under existing conversion policies, but these processes are currently on hold. In August 2026, the central government informed the Rajya Sabha that DDA's residential-property conversion policy was under review, and pending conversion requests had been put on hold.",
  "summary": "In Noida and Greater Noida, property ownership is mainly categorized into leasehold and freehold types. Leasehold properties are under the ownership of government entities, where buyers are required to pay an annual lease rent for a duration of 99 years, with possible renewals available under strict conditions. It's imperative for potential buyers to grasp these concepts to prevent any future…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}