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Can NRIs purchase property through power of attorney?

April 26, 2017NRIs power of attorney Property purchase

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Can NRIs purchase property through power of attorney?

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Ans] Purchase formalities may be done by filing the Power of Attorney in favour of their reliable relatives residing in India at the time of purchase. This must be executed on a valid stamp paper bought in India and in the witness of proper authority .

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Purchase formalities may be done by filing the Power of Attorney in favour of their reliable relatives residing in India at the time of purchase of the property. This must be executed on a valid stamp paper bought in India and in the presence of proper authority.