I own a residential site in Bangalore. I sent a Power of Attorney (attested by Indian embasay) from USA to my relative in Bangalore. Now I want to add my brother as co-owner. My brother is US Citizen. He is going to India this year. I specified all rights to sell, modify rent etc. in POA.
As my brother is US citizen and has OCI card, can my brother be made co-owner of the residential site? Does he have the right to buy residential site in India?
Can my relative who has POA add my brother as co-owner to the property? If yes, what is the procedure and documents required?
Or Am I physically required to add co-owner?
What may be the approx. registration and other taxes? Can this be reduced by making gift deed etc?
Thank you in advance.
