This is the most common confusion buyers face. A dealer might say “all clear”, but there are 3 types of property ownership in India. Pick the wrong one and you may face loan rejection or resale issues.
1. Freehold Property – Safest Option
You get 100% ownership of the land. You can sell, mortgage, or transfer it to your heirs. There’s no lease from government or authority.
How to identify: Sale deed will mention “Absolute Sale” or “Freehold”. Khata gets transferred in your name.
GEOVistaar Standard: We deal only in freehold plots.
2. Leasehold Property – Time Limited
The land belongs to a government authority. You get it on lease for 30, 60, or 99 years. After expiry, you must renew it or return it.
Issues: Banks hesitate to give loans. Resale value is lower.
Common Examples: DDA flats in Delhi, Authority plots in Noida.
3. GPA Property – Highest Risk
GPA means General Power of Attorney. The original owner gives someone else the “power to sell”. You’re buying from a GPA holder, not the actual owner.
Risk: If the original owner cancels the GPA or issues multiple GPAs, it leads to legal disputes. Supreme Court has ruled that GPA does not transfer ownership.
Avoid unless the property is registered directly in your name.