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Does DDA flats appreciate after 10-15 years period?- Property News
Posted
July 5, 2016
Views
139
Likes
2
Engagement
1.44%
July 5, 2016
139
2
1.44%
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2:22Now PlayingBe Un Confused
Expert: Jayashree Kurup, Head-Content & Research, Magicbricks.com
Question: I want to know the future prospects of DDA properties once the 99 year lease period is completed. How much appreciation can one expect in DDA flats in 10-15 years?
Answer: If you want to purchase or sell a property you have to convert it into freehold because it is illegal to buy or sell the property on the power of attorney. Over 10-15 year period, property asset actually depreciates because it becomes old format.
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