Power Of Attorney Format For Nri To Sell Property In India

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 format for nri to sell property in india.

Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. Are you an nri looking to buy sell a property in india through power of attorney. 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. Create a general power of attorney in favour of any trustworthy person in india and hand over the responsibilities to that person.

You can start making your own power of attorney document online. 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. 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. If you are an nri and you want to conduct a large financial transaction in india like selling a property this could become a huge hassle if you have to travel to india and back all the time there is a simple solution to this.

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. Within a few minutes your general power of attorney deed will be ready. 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. Now you don t need to go searching for lawyer for this purpose.

How power of attorney can be executed in india. But it should be attested from indian embassy. Nris or any other emigrants can delegate any reliable person to discharge his responsibility legally. 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.

Attestation of power of attorney applicable for nri this power of. This document is mostly used in real estate transactions. Power of attorney poa is an important document that many nris often have to deal with. A lot of attention should be paid to the nri power of attorney while you are getting it made.

The same poa can be used for managing home loans in india by a member of family. Sample power of attorney for nri non resident indian open this sample poa on google docs. 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. Recently an adjudication came to result in himachal pradesh where the buyer made the initial payment of rs 18 lakhs directly.