Buying real estate in India


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JRF   
Member since: Jul 04
Posts: 1853
Location: GTA, Ontario

Post ID: #PID Posted on: 01-10-09 07:39:02

Hi,

Any body have recent experience in buying a residential property from a builder while you were here in Canada physically.

In order buy residential property in India while I couldn't be there physically, Do I need a Power of attorney to my parents

- to sign agreement with the builder.
- to register property on my name.

When I bought a property in the past, couple of years back (not from the builder though), I didn't have to give power of attorney.


Alternatively, can I ask my parents to buy the property in their name and transfer it to my name later (I think you don't need to pay stamp duty again but some kind of procedure exists).

Appreciate your response.

Thanks.


-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM


JRF   
Member since: Jul 04
Posts: 1853
Location: GTA, Ontario

Post ID: #PID Posted on: 04-10-09 00:59:07

Any bought property in india.


-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM




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