Hi,
I am in the USA on a dependent visa (H4) since my marriage last year. I own an apartment jointly in my mother's name and my name in Mumbai, which we would like to sell and purchase a new, larger apartment elsewhere in Mumbai, also in our joint name. I was planning to execute a power of attorney in my mother's name or father's name so that they can complete the process on my behalf while I am overseas.
I have been told by friends that stamp duty and registration process in Mumbai has changed in 2012, and that I can no longer sell this apartment and purchase a new one by just executing a power of attorney, and that I would required to be PHYSICALLY present on the day of completing both the transactions for stamp duty and registration. Is this true? What are my options? Kindly advise.
