I am new to this forum. I need some help with the power of attorney. Let me explain my situation.
I am an NRI residing in US for sometime now. My parents are in Bangalore. I want to buy a property in India. I know the procedure for the same in US (I need to go to and CGI and get it attested from there). I want to give my POA to my father in Bangalore.
1. After I send this document to India, does this does this document need to be adjudicated? What is the procedure for this?
2. I need to borrow some loan as well. Can I use the same POA for availing a loan as well as registration purpose?
3. Once my father registers the property under my name using the POA, will I have to do any extra process or is it as good as the property is registered in my name?
Thanks for any help.