Technical view Image of the Property

If you own 100% ownership rights, you have full legal title to the property, including the land and all structures on it. This allows you to sell, renovate, or modify the property as you wish, within legal limits.

In Chandigarh, 100% ownership refers to a property where the buyer has full legal ownership, without any outside claims or partial ownership. This type of ownership offers full rights to the home, meaning the buyer will be able to sell, transfer, or mortgage the property without restrictions, provided all legal formalities are met.

Understanding Ownership Structures

Ownership vs. Leasehold 

A major difference in Chandigarh is the distinction between ownership and leasehold. Ownership gives the owner full and perpetual property rights.

A long-term lease means that you have the right to occupy the property for a set period of time, but the land remains the property of the government or a designated authority.

The issue of converting a long-term leasehold into ownership is a recurring problem in Chandigarh.

When considering purchasing such a property, many buyers choose to finance it with a home loan, which allows them to borrow a certain percentage of the property’s value from a bank or financial institution. A home loan typically covers between 75%-90% of the property’s value, depending on the lender’s terms.