Power Of Attorney For Property Sale In India

A resident indian buyer should avoid property transaction through power of attorney holder of an nri.

Power of attorney for property sale in india.

Nri power of attorney to sell property in india. You need a special poa with the exact real estate address mentioned to make it valid for managing bank loans rental management possession of flat registration of real estate in indian registrar office and other purpose. Sometimes the circumstances do not permit so a buyer you should check the reason for the execution of power of attorney. This general power of attorney form is drafted by our legal and law experts.

It is specially drafted for india. Special power of attorney. This general power of attorney format or power of attorney format for a property is available in pdf and docs format for free download. Vs state of haryana anr after interpreting various provisions of the law concerning property sales held that the sale of immovable property through sale agreement will general power.

The best case scenario is the presence of an nri seller in india for execution of sale deed. Again be very careful and make sure to hand over a power of attorney to a trustworthy person. A general power of attorney gives the attorney the authority if the principal chooses to manage the principal s properties including buying and selling real estate for the principal or. Indiana real estate power of attorney form is a document that gives a principal a written document so that the agent will have the ability to perform limited duties with the management sale closing or even the refinancing of that principal s real property.

A special poa is narrower in scope. 13917 of 2009 titled suraj lamp industries pvt. Through an order in 2011 the supreme court sc held that transferring property title through gpa is not valid. Send your power of attorney to india as soon as the process is complete and the indian consulate has attested your power of attorney you can send it to india.

In case an owner is open to cut you an unbelievable deal by selling his property through a general power of attorney gpa an aware homebuyer would outright reject the offer. A general power of attorney for property is a legal document that allows a person usually called the principal or the donor to nominate one or more persons called attorneys to act on their behalf. A power of attorney is a special choice for most sellers who have difficulties in attending to the execution and registration of sale deed. It specifies exactly what deeds or transactions the designated person can complete on your behalf.

Special power of attorney. A three judge bench of supreme court of india comprising of justices r v. Specific power of attorney for property matters in india for nris how to make a specific power of attorney for a relative to deal with selling property in india.