General Power Of Attorney India Nri Sample Property

It is primarily used by nri non resident indians to manage their property in india.

General power of attorney india nri sample property.

If an nri is present in india he could before going abroad execute the poa from india itself. Hence it needs to be appointed only to a very trustworthy person. 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. Your poa holder can make payments for home loans like sbi maxgain hdfc icici and other banks.

The general power of attorney for nri consists of a wide range of powers and is not confined to any particular work. Registered power of attorney for property management in india power of attorney poa lists out the powers that you want to share with the poa holder. General power of attorney format sample. Generally to do all acts deeds and things for me in my name on my behalf in respect of my said property as my said attorney may deems it proper.

How power of attorney can be executed in india. Under general power of attorney for nri the agent can execute almost any act as the principal like opening financial accounts and managing personal finances. Again be very careful and make sure to hand over a power of attorney to a trustworthy person. Sample power of attorney for nri non resident indian open this sample poa on google docs.

It specifies exactly what deeds or transactions the designated person can complete on your behalf. While this may be a good time to find a suitable property and seal the deal the coronavirus pandemic will make it difficult for nris to travel to india to complete the transaction. 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 general poa gives the designated person a larger scope of power to complete multiple transactions or deeds that is expected.

Attestation of power of attorney applicable for nri this power of. The falling interest rates and the weakening rupee have made real estate purchases in india an attractive proposition for nri investors. The reason for executing the poa should be clarified and the details about the incapacity should be mentioned in detail such as the person is residing abroad or in another town due to physical infirmity or old age. 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.

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