Resale Property Deal
Prajakta Nagulpelli
(Querist) 24 March 2011
This query is : Resolved
We are in the process of buying a resale flat, owner of which is based abroad. As we will be required to take a loan for buying the property, we have been told by most of banks that the owner is required to be present here in India for both the times while, Agreement to sale and Sale Deed.
The owner wants to finish the deal in a single visit to India. Is there any way by which the deal can be closed without the owner being present here for any one of the mentioned times? Please let us know the detailed procedure. Is there any law firm that specializes in international property deals to help its clients avoid travelling overseas?
M.Sheik Mohammed Ali
(Expert) 24 March 2011
you can make POA, signed and get back, after you can put sale deed.
Jitendar Kumar gupta
(Expert) 24 March 2011
you may call at 9868529732 or mail to guptajkin @gmail.com
R.Ramachandran
(Expert) 24 March 2011
You have to indicate the place where the property is situated.
Advocate. Arunagiri
(Expert) 24 March 2011
The owner need not come to India. He can give power of attorney to some body in India. That POA can execute the sale deed.
Parveen Kr. Aggarwal
(Expert) 24 March 2011
The owner may execute the agreement to sell himself by remaining present in India and may, on the same date, appoint any person as his attorney by executing and getting registered a deed of "Power of Attorney" for execution and registration of the sale deed on any subsequent date.
