I am an NRI, currently in UK. I can't travel frequently to India for investing in real estate. I want to setup a POA for a relative in India to invest on my behalf. I have following queries:
1) How can I get the POA done without traveling to India? Basically, what is the process involved? Format of POA, Registration (whether this should be done in UK or India), other steps involved?
2) I want to authorise the person with BUY only powers not SELLING powers, so can this be achieved? Basically, I want that person to buy property on my behalf and that person should NOT be able to sell my property.
3) This property is a farming land, which falls under Dadri Tehsil, UP, India. I would need lawer's contact to get the deal (POA & BUYing of property) done. Dadri Tehsil falls on Delhi and Bulandhsher highway.
Look forward for authentic reply.