Here are the main differences between freehold and leasehold properties in India:

1. Ownership - Freehold properties refer to properties where you own the land fully and indefinitely. Leasehold properties are ones where you have a lease to use the land and property for a fixed period of time.
2. Transferability - Freehold properties can be transferred, sold or inherited without restriction. Leasehold properties can only be transferred or sold up to the remaining lease period. Renewing the lease may require permission.
3. Lease period - Freehold properties have no fixed time period of ownership. Leasehold properties come with a fixed period of lease, typically ranging from 30 to 90 years. The lease can be renewed subject to conditions.
4. Lease charges - Leaseholders typically pay an annual lease premium or ground rent charges to the owner of the land. Freehold owners don't pay any such recurring charges.
5. Security and control - Freehold properties provide more secure long-term ownership rights. Leasehold properties depend on the terms of the lease for security and control over the property.
6. Loan eligibility - Banks typically give higher loans and at better rates for freehold property investments. Leasehold properties may get smaller loans for shorter tenures.
7. Appreciation - Freehold properties historically have shown higher appreciation in value over time due to their secure ownership. Leasehold properties appreciate less.
8. Cost - Freehold properties are typically more expensive compared to leasehold properties of similar size and location due to their secure ownership rights.

So in summary, while freehold properties cost more initially, they provide long-term secure ownership rights while leasehold properties offer time-bound use rights subject to recurring lease charges. Factors like security, appreciation potential, loan eligibility, and transferability differ significantly between the two.