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krishna1 · 01-02-10

I fully agree The higher price is not justified for at least kharghar. All the cidco plots are lease hold for a period of sixty years. One never know what will happen after sixty years there is no clause for renewal. This may lead long term litigation and our next generation has to fight for the same. When we buy property we buy it for generations. If you are buying a property on resale where in already say 20 to 25 years lease expired then be careful that you may have face the music in your lifetime only. Brokers and builders underplay this fact that the land is lease hold. Normally lease hold properties are for 99 years but cidco restricts it to 60 years.

01-02-10	#43
krishna1 New Member Join Date: Nov 2009 Posts: 13 Thanks: 0 Thanked 0 Times in 0 Posts	navi mumbai-kharghar I fully agree The higher price is not justified for at least kharghar. All the cidco plots are lease hold for a period of sixty years. One never know what will happen after sixty years there is no clause for renewal. This may lead long term litigation and our next generation has to fight for the same. When we buy property we buy it for generations. If you are buying a property on resale where in already say 20 to 25 years lease expired then be careful that you may have face the music in your lifetime only. Brokers and builders underplay this fact that the land is lease hold. Normally lease hold properties are for 99 years but cidco restricts it to 60 years.