Situation not that urgent as my relatives uncle/aunt's live nearby but sooner is better as parents are getting older & they have to sell extra property anyway.

posted on few realestate websites - mentioned to some friends - getting positive responses.

ChandraGupt Sir : A thing that needs to be mentioned is the With-holding tax NRIs have to pay when selling flats/other property in India; accordingly repatriation of funds to Canada would be burdened. May be other readers can throw more light !

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Many

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Originally posted by Many

ChandraGupt Sir : A thing that needs to be mentioned is the With-holding tax NRIs have to pay when selling flats/other property in India; accordingly repatriation of funds to Canada would be burdened. May be other readers can throw more light !

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Will be sold in 30 days, if clear title and possession is in hand., and price is to be agreed.

You have no problems or very little, if any, in selling properties there in the Capital city. So, prepare yourself with all of the available details and see what other materials or Documents that you can raise immediately for listing it.

Please do not provide anybody with THE EXACT LOCATION WHERE IT IS SITUATED.

DESCRIPTION.:

Then, find the area of the land that it is situated upon. Verify the same. Also check the documents that you have, just to make sure of it.

Built up are of the building, to provide the buyer with an idea how many Sq.Ft. it is. How many Rooms, Bath Rooms, Porches, or verandah, (Lanai, Patio, Deck?) Any other attachments..etc.,

How old the building is and.. The taxes paid annually to the Corporation.

How many Electrical hook ups are there and its Voltage and Phase. (Electrical Expense)

Water main. Numbers and the size of connection. (Water expense and costs.)

Parking for X number of vehicles. (Covered, open etc.,) OR Street Parking for x number

Selling it with any furnishings, Such as Fridge, Stove, Dish Washer, Washer Drier etc., Furnished or unfurnished!

Free to OCCUPY or need Time to vacate..

AMENITIES.. :
Additional features, such as Close to SNEH School, HWAcademy near by, HDFC Bank & Bank of Maharashtra, if close to a branch, DMH-Hospitals how far, Close to Guru Singh Sabha, Other desirable features, Significant to you property., Buses at door step, on BHC Marg. et.c., X miles from the RR station, or 10 miles to IGIA- Air port also. If the feature is not worth mentioning, then omit it.

Clear Title to the Flats etc., OR Owned by Husband and Wife...
They both might need to fly and sign their life away and collect the cash... That is the best procedure to follow. Cost for Two return tickets plus taxi fare ONE LAKH.

Days to sell.. : Depends upon removal of Occupants and and clear possession. Will need additional clearance from other claimants such as children, grand children if any.

Might get a tentative offer in 30 days.

FH.

Disclaimer : I am not an agent or in RE bizness.

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Originally posted by ChandraGupt

Hi CD's
Anyone has experience selling property in India while you live in Canada.

My parent's has a property in eastern part of Delhi close to preet Vihar metro.
few flats in a small private building-one is sold to a relative, parents live on ground floor-willing to sell remaining 3 flats(currently rented).

Wondering if their is any other way we can list / do it from Canada- online selling etc...anyone has any experience doing similar stuff ? pl share

Thanks

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THEY DON'T MAKE OUR LIVES THAT EASY. DO THEY?...

Can I transfer property in Delhi through power of attorney?

Two years ago in 2012, the Supreme Court of India, in the case of Suraj Lamps and Industries (P) Ltd vs State of Haryana, had made it clear that SA/GPA/WILL transactions are not `transfers? or `sales? and that such transactions cannot be treated as completed transfers or conveyances. Following the judgment the Delhi Government issued a circular dated 27 April 2012 directing the relevant registration authorities not to register any GPA Sales in Delhi.

Thus, following the circular, no transfer of immovable property could take place in Delhi through a GPA. Though sale is still not allowed through GPA, the DDA has decided to allow the conversion of property from leasehold to freehold on the basis of registered agreement to sell and general power of attorney.

DDA to allow conversion of property from leasehold to freehold

The decision came in August 2014 wherein the DDA issued a notice and said that the Competent Authority in Delhi Development Authority (DDA) after taking the opinion of Solicitor General has decided to allow such conversions subject to producing documents authenticating that the transaction is genuine.

The government construction body said that the conversion had been suspended in the wake of a Supreme Court judgment in a case in 2011 and due to several unlikely results, the body has decide to accept applications for conversion of property from leasehold to freehold.

However, for that the genuineness would be verified at the time of processing of conversion application and subject to production of related documents such as agreement to sell registered with sub-registrar of Delhi.

Conversion only after complete verification

The DDA says that on verification of the concerned documents the lease administrating agencies i.e. Land Disposal Wing and Housing Wing would process the conversion applications. However, a lot of this will depend upon the completion of all other codal formalities as laid in conversion brochure.

The urban housing company says that the person seeking conversion on the basis of a GPA is required to produce several documents that include documents like Agreement to Sell registered with Sub-Registrar of Delhi. According to the agency the registered ?Agreement to Sell? should contain the stipulation that the entire sale consideration has been received by the seller and the physical possession of the property has been delivered to the purchaser.

The DDA official clarified that verification of the physical possession of the applicant, who has applied for conversion of leasehold tenure into freehold, will be done by way of electricity bills, water bills, telephone bills etc.

PLEASE CONTINUE IN THE LINK PROVIDED... Also see a Lawyer, since you will be using his services anyway. GOOD LUCK.


Here is a link to it. : https://www.kaanoon.com/indian-law/indian-kanoon/property-law/


FH.