ANSWER:

Yes, it is riba. 

In India,People make Lease Contract. Property Owner Takes Money and Handover the Property to Payee for Definite period of contract,the Payee will give Freedom to selfuse or rent the property and can take all benefits.on the end of contract Property Owner Repays all the Money to payee and takes control of property.This type of contracts made for Commercial ,farm lands & resisdential bldgs.is it riba

Riba |