In the case of NRIs residing overseas, can property be purchased through an agent or through the Power of Attorney?
NRIs staying abroad may enter into an agreement through their relatives and/or by executing the Power of Attorney in their favor as it is not possible for them to be present for completing the formalities of purchase (negotiating with the builder or real estate developer, drafting and signing of agreements, taking possession, etc.).
Related Questions
- Since the Non-resident Indians are staying abroad can the property be purchased through the agent or thorough the Power of Attorney?
- In the case of NRIs residing overseas, can property be purchased through an agent or through the Power of Attorney?
- How much authority is given to the agent under a Power of Attorney for Property?
