The civic body RWA (Residential Welfare Association) federation has written to the Noida Authority CEO Rama Raman highlighting the need to convert the residential property into freehold (hitherto on 99 year lease) land in Noida. The lease hold system has been prevalent in Noida from the day of inception which dates back to around 40 years. The body said that the citizens are continuing to be insecure. In the letter, the RWA also has demanded on appointing minimum two members of the federation in the Noida Authority Board.
NP Singh, the President of FONRWA (Federation of Noida Welfare Association) said that the lease hold system does not exist in any other cities of Uttar Pradesh, except Noida and Greater Noida. While the equally developed capital city Delhi has changed the leasehold system to freehold, long way back. He stated the urgency from the residents of the Gautam Budh Nagar district and appealed to Noida Authority in taking the action by understanding it as the need of the hour.
The federation also said that they have been demanding for freehold properties for the residents since 2007, stating further that Chief Minister Akhilesh Yadav had made a poll promise on the matter, which is not implemented till the date. Singh also stated that the issue has been a severe injustice towards the people and criticized the successive governments on keeping the promise of freehold as a mere promise without any steps of implementations so far.
A leasehold land will be under the rights of a tenant or lessee from which the client gets a temporary right to live in. The term will be for a given period of time. On the other hand freehold land will be the ownership of real land and also the ownership of all the immovable structures attached to the particular land.