If you’re exploring property markets in Noida or Ghaziabad, understanding the difference between leasehold and freehold ownership is crucial — and a new discussion around potential freehold conversion in Noida has brought this debate back into focus.
Noida’s residential and commercial properties largely sit on leasehold land, where the buyer receives rights for a fixed tenure (typically 90 or 99 years) while the Noida Authority retains ownership. Although the Authority granted in-principle approval back in 2018 to allow freehold conversion, a full-fledged conversion scheme is still not implemented. This means buyers must continue operating under the leasehold framework for now.
In contrast, Ghaziabad has long offered freehold ownership, giving buyers perpetual rights over land, easier financing, smoother resale, and stronger long-term security. This remains a major reason why freehold assets in Ghaziabad often enjoy stronger market sentiment.
Vikas Tomar, Associate Principal Partner, Square Yards says that the difference stems from institutional architecture and historical urban planning mandates.
For homebuyers and investors, the takeaway is clear: check lease terms carefully in Noida and weigh them against the long-term advantages of freehold options available nearby.
Read more—
The Economic Times—https://bit.ly/4r97qln
Published Date: 21 Nov, 2025
