I want to buy a property in Bangalore. I am in US. Is there any safe way to do it from US itself? Is it a must to be in Bangalore physically to do the legal and other official works for it? Please suggest.
- by Ramesh, Washington
It is not necessary that you should be present in Bangalore for selection and purchase of a suitable property. Selection and purchase of a suitable property in Bangalore is a time consuming affair. You may, therefore, execute a power of attorney in the USA itself and get it authenticated by a Notary Public or any court, judge, magistrate, Indian Consul or Vice Consul or representative of the Central Government giving authority to undertake this job on your behalf to any one of your confident person who is capable of executing this job on your behalf. Upon receipt of such a power of attorney in India, necessary stamp duty is to be paid and this document is to be presented with the District Registrar within three months of its receipt in India.
On the basis on this power of attorney, your attorney holder can select a suitable property according to your requirement, negotiate the price and entering into agreement to sale and after getting the property documents scrutinized through an experienced advocate to find the clear and marketable title of the property of the vendor can finalise the deal. Since purchase of immovable property which has a clear and marketable title requires scrutiny of various documents such as title deeds, devolution of property to the vendor, latest Khata certificate, tax paid receipt, free from court litigations etc., it is suggested that your attorney may utilize the services of an experienced advocate in property matters before he concludes the deal.