Sunil Dandriyal 13 July 2015
Hi,
What will happen to a property, which is on a perpetual lease (99 years) in the Lutyen's Zone, New Delhi, after the current perpetual lease expires? Is it a simple process to renew the lease thru Land & Development Office or the process is complicated.
Appreciate any information on this matter.
Thanks,
Dan
Kishor Mehta (CEO) 14 July 2015
Sir,
[1] The term "Perpetual Lease" is a misnomer,, the period is specified at 99 years.
[2] The terms of the lease deed will play a pivotal role after the expiry of the term is lease.
Good Luck,
Kishor Mehta
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