Power Of Attorney Format For Nri To Sell Property In India

The same poa can be used for managing home loans in india by a member of family.

Power of attorney format for nri to sell property in india.

Now you don t need to go searching for lawyer for this purpose. 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. Recently an adjudication came to result in himachal pradesh where the buyer made the initial payment of rs 18 lakhs directly. 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.

Power of attorney poa is an important document that many nris often have to deal with. 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. 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. Are you an nri looking to buy sell a property in india through power of attorney.

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. 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. Within a few minutes your general power of attorney deed will be ready. If an nri is present in india he could before going abroad execute the poa from india itself.

A lot of attention should be paid to the nri power of attorney while you are getting it made. But it should be attested from indian embassy. This document is mostly used in real estate transactions. 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.

You can start making your own power of attorney document online. Create a general power of attorney in favour of any trustworthy person in india and hand over the responsibilities to that person. Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. By drawing up a power of attorney for nri to sell property in india you can get your transaction done without having to travel all the way to 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. Register power of attorney in india. How power of attorney can be executed in india. Nris or any other emigrants can delegate any reliable person to discharge his responsibility legally.