I am nowhere as knowledgeable as Roshan obviously - but applying commonsense, it is a risk you are taking buying a property which, as things stand today, is leasehold and only hoping it can become freehold in the future which would depend on various things as you said. If i were you, i would only proceed if i believed the property/project overal was worth it, even assuming it was always going to be a leasehold.
Dont forget though, that the law would not only apply to your property and if there were any problems conferring freehold status to your property, it would probably mean that the whole project won't be freehold (Roshan, plz correct me if i am wrong)
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