Summary:
If an owner cannot sell a house in parts in the open market, it is not really what a freehold property is. The policy change is only going to affect land ownership. NOIDA: When Noida changes land ownership type to freehold from the current lease-only rule, a decision expected soon, property owners’ buying and selling rights will still be restricted. Kanchan Verma, vice-chairperson of the Ghaziabad Development Authority, said, “Unlike Noida, which is an industrial city, GDA has developed a part of Ghaziabad for residential purpose. Once the freehold module is released, we will see how it benefits property owners in Noida.”.