Home › Glossary › Freehold plot vs Leasehold plot Land and plots · Differences Freehold plot vs Leasehold plot A freehold plot is owned outright with no end date. A leasehold plot is land owned by an authority, such as a development authority or industrial corporation, and leased to you for a long term; transfers usually need its permission and a transfer charge.
Read the full comparison: Freehold vs leasehold property: what you own, and what it costs to sell →
Side by side Factor Freehold plot Leasehold plot Who owns the land You The authority; you hold the lease Term No end date Fixed in the lease, such as 90 or 99 years Selling No permission needed beyond the general law Authority permission and a transfer charge, usually Lease rent None Annual or one-time, as the lease says Building conditions Planning rules only Planning rules plus lease conditions Loans Title chain checked Remaining term and mortgage permission checked
When Freehold plot matters Freehold is simpler to sell, mortgage and pass on.
When Leasehold plot matters Leasehold plots are normal in places like Noida and in industrial estates; check the remaining term, dues and transfer rules.
In more detail The full guide explains lease deeds, transfer charges, conversion to freehold, loans and resale in detail.
Common questions Is a leasehold plot a bad buy? Not in itself. Whole towns are leasehold. Check the remaining term, unpaid dues and the transfer rules.
Can leasehold be converted to freehold? Only where the authority offers conversion, on its terms. Not every authority does.
Do banks lend on leasehold plots? Yes, routinely, if the remaining term is long enough and the authority permits the mortgage.
Related guides Freehold vs leasehold property: what you own, and what it costs to sell Plot buying checklist