Your flat has a 99-year lease. What happens when it ends?

Property ownership comes in different forms, and understanding these is essential before making a purchase. One key distinction buyers often overlook is whether a property is leasehold or freehold, as this affects how long you actually own the land.This becomes especially important in cities like Noida and Greater Noida, where most properties fall under the leasehold category. Let's understand what this means and what happens once the lease period comes to an end.Leasehold property?In a leasehold arrangement, the land is usually owned by a government authority such as the Noida Authority or Greater Noida Authority. Buyers get the right to use the land for a fixed term, typically 99 years, after which the lease may be renewed or extended.