Power Of Attorney Format For Nri To Buy Property In India

Are you an nri looking to buy sell a property in india through power of attorney.

Power of attorney format for nri to buy property in india. It is specially drafted for 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. And all acts deeds and things done my said attorney shall be binding on me in all respects in witness whereof i have signed this gpa in the presence of the following witnesses. Sample power of attorney for nri non resident indian open this sample poa on google docs.

It is very important to itemize the reasons for executing the power of attorney. This general power of attorney form is drafted by our legal and law experts. Power of attorney to rent property in india for nri. Power of attorney for nris is for managing their property in india as it gets difficult for them to visit india again and again to administer their property.

The declaration of the intention to rent it on lease is mentioned. Recently an adjudication came to result in himachal pradesh where the buyer made the initial payment of rs 18 lakhs directly. How power of attorney can be executed in india. If you want to draw a poa and send it to india then it is best to go to your local indian consulate to get it attested.

Procedure for an nri power of attorney format. A power of attorney of any kind is a deed which begins with the brief acknowledgment of title and description of the property. Attestation of power of attorney applicable for nri this power of. 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.

A special poa is narrower in scope. There is a certain procedure for an nri not being present in india and holding an indian passport to be followed for getting a poa in india. It specifies exactly what deeds or transactions the designated person can complete on your behalf. 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.

Again be very careful and make sure to hand over a power of attorney to a trustworthy person. Special power of attorney format. 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. The same poa can be used for managing home loans in india by a member of family.

This general power of attorney format or power of attorney format for a property is available in pdf and docs format for free download. If an nri is present in india he could before going abroad execute the poa from india itself.