In fact, this had become a hot button issue in the elections. All this while, and even today the government claims that the people are the owner considering they can sell the units and book profits. On the other hand, they justify the 99-year limit, as a step to being fair towards future generations in a land scarce country.
There have been many policy and public discussions around this topic. But, as of date, there is no firm or permanent solution to this conundrum.