Sale of property by nri- citizen of canada
elbee barboza
(Querist) 18 May 2013
This query is : Resolved
I intend to purchase an apartment in Mumbai from an NRI who resides in Canada.
1) Does the NRI need to be physically present for the sale deed/ registration.
2) Can the sale deed be executed under a POA thus legalizing the sale, and if so can this POA be executed at the Indian embassy in Canada or does it need to be executed in India or Mumbai specifically.
S. Bharath
(Expert) 18 May 2013
The Power of Attorney executed in Canada has to be adjudicated in Mumbai. The below-mentioned link may be of use to you:
http://igrmaharashtra.gov.in/FaqStampDuty.aspx
ajay sethi
(Expert) 18 May 2013
1) NRI need not be physically present
2)NRI can execute a power of attorney in favour of his close relatives for sale of said apartment . the said POA has to attested before indian consulate in canda and regsitered in mumbai
R.K Nanda
(Expert) 18 May 2013
agree with experts.
R.K Nanda
(Expert) 18 May 2013
agree with experts.
elbee barboza
(Querist) 20 May 2013
Thankyou Gents for your advice.