Are you an nri looking to buy sell a property in india through power of attorney.
Power of attorney format for nri to sell property in india.
Sharing rights with any of your family member or a friend by issuing a registered power of attorney is the legal and correct way of managing the property bank loans stocks and other assets located in india.
A lot of attention should be paid to the nri power of attorney while you are getting it made.
If an nri is present in india he could before going abroad execute the poa from india itself.
This document is mostly used in real estate transactions.
The nri needs to get the desired matter of the poa drafted and typed on non judicial stamp paper of adequate value which is generally rs 100.
Sample power of attorney for nri non resident indian open this sample poa on google docs.
An nri or non resident indian can become a power of attorney deed even by living outside india and without having to travel to india for that purpose.
Now you don t need to go searching for lawyer for this purpose.
An nri non resident indian can use the special power of attorney to buy sell or take possession of a real estate property in india.
Power of attorney poa can do favour to them by introducing relief and comfort in settling down property disputes and exchanging old currency notes under demonetization.
How power of attorney can be executed in india.
Attestation of power of attorney applicable for nri this power of.
In an increasing phase of property crimes in the country particularly involving nri s and power of attorney it is solemnly your responsibility to be aware of such fraudulent attempts.
Register power of attorney in india.
Recently an adjudication came to result in himachal pradesh where the buyer made the initial payment of rs 18 lakhs directly.
Power of attorney poa is an important document that many nris often have to deal with.
But it should be attested from indian embassy.
If you are nri non resident indian or an indian who just came abroad and want to manage your real estate matters by giving out your signing authority to some one in your family or a friend you can use this sample power of attorney.
Nris or any other emigrants can delegate any reliable person to discharge his responsibility legally.
You can start making your own power of attorney document online.
Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name.
Most nris have properties read our resource on how to sell your property in india and bring back money to usa and banking business in india which may require their presence while transactions.
Create a general power of attorney in favour of any trustworthy person in india and hand over the responsibilities to that person.
Within a few minutes your general power of attorney deed will be ready.
