Can an NRI grant POA to another NRI (Possibly his wife or children) to sell his property in India?
Yes, an NRI can grant Power of Attorney (POA) to another NRI, such as their spouse or children, to sell property in India. The process is legally recognized, and the appointed POA holder can represent the NRI in property transactions.
Key Points:
Eligibility:
The recipient of the POA (spouse, child, etc.) does not need to be an Indian resident. As long as they are legally competent, they can hold the POA.Documentation:
The POA must be properly drafted and executed either in India or at the Indian embassy in the NRI’s country of residence. It should be notarized for authenticity.POA Powers:
Specific POA: Grants authority solely for selling the property.
General POA: Covers broader property-related matters.
Example:
An NRI based in Dubai granted a POA to his wife in India, authorizing her to sell their property in Mumbai. She used the POA to complete the sale, sign the deed, and transfer ownership without his physical presence.
Futuristic Trends:
Digital POA:
Digital signatures and online POA registration may make the process faster and more transparent.Blockchain Technology:
Blockchain could offer secure and transparent tracking of POA transactions, reducing fraud risks.
This system enables NRIs to manage property matters efficiently, even from abroad.
For expert legal help with Power of Attorney or property transactions in India, contact LawCrust Consulting at +91 8097842911.