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SAS Nagar · Punjab · India
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Punjab Real Estate Glossary

Essential terms for Mohali Aerotropolis and Punjab property market. Written for investors, NRIs, and first-time buyers.

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Freehold

Full ownership of land and building with no time limit
A freehold property gives the buyer complete, unlimited ownership of the land and any structure on it, in perpetuity. Most Mohali residential plots are freehold. The buyer gets full rights to sell, rent, construct, or mortgage the property. This is in contrast to leasehold, where you own the building but lease the land for a fixed period.
See also: Registry
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