If non-resident Indian nationals are staying abroad can the property be purchased through the agent or through the POA

Question: If non-resident Indian nationals are staying abroad can the property be purchased through the agent or through the POA?

Answer(s)

Raju Kanumuri: The non-resident Indians who are staying abroad may enter into an agreement through their relatives and/ or by executing the Power of Attorney in their favour as it is not possible for them to be present for completing the formalities of purchase (negotiating with the builder or Developer, drafting and signing of agreements, taking possession, etc.). These formalities can be completed through some known person who can be given the Power of Attorney for this purpose. Power of Attorney should be executed on the stamp paper before the proper authorities in foreign countries. Power of Attorney cannot be drafted on the stamp paper bought in India.

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