I have an NRI friend in the Gulf who owns a 2 BHK apartment in Bangalore, Karnataka, which is leased to a tenant for Rs.6 lakhs. There is an outstanding bank loan on this property and also a couple of EMI payment defaults. Now there is another party who is willing to purchase this apartment from my NRI friend and to facilitate the Sale Agreement, Cancellation of Lease agreement and Registration of the said property, my friend wishes to send me a GPA to act on his behalf in his absence, as he is unable to come down to India. I am not related to him and am only a long term good friend who he trusts to act on his behalf. He has instructed me to prepare the GPA here in India and send it to him to be signed by him and duly returned back. Can I have a GPA prepared in my name and what are the costs involved?
