What is power of attorney ? || very helpful for NRI investors in gurgaon.

In this video I explain you what is power of attorney ? And yeh kiske liye help full hone wali hai ? This is the information of( POA ) A Power of Attorney (PoA) in real estate in India is a legal document that grants one person (the agent or attorney-in-fact) the authority to act on behalf of another person (the principal) in matters related to real estate transactions. This can include buying, selling, leasing, managing, or mortgaging property. Types of Power of Attorney in Real Estate: 1. *General Power of Attorney (GPA):* Authorizes the agent to perform a broad range of activities on behalf of the principal. Often used for managing properties, conducting sales, or signing documents. 2. *Special Power of Attorney (SPA):* Grants specific powers to the agent for a particular transaction or period. Used for specific tasks like selling a particular property or executing a particular lease agreement. Uses of Power of Attorney in Real Estate: 1. *Sale and Purchase Transactions:* Agents can buy or sell property on behalf of the principal. Often used when the principal is unable to be physically present. 2. *Property Management:* Agents can manage properties, collect rent, or handle maintenance issues. Useful for non-resident property owners. 3. *Leasing:* Agents can enter into lease agreements on behalf of the principal. Facilitates property rental transactions. 4. *Mortgage and Loans:* Agents can mortgage property or take loans against it. Used in financial transactions involving real estate. Legal Aspects: *Registration:* Depending on the nature of the transactions, some PoAs need to be registered with the local Sub-Registrar's office to be legally valid. *Revocation:* The principal can revoke the PoA at any time, provided it is communicated to all relevant parties. *Validity:* A PoA is generally valid until the principal cancels it, the purpose for which it was created is fulfilled, or the principal or agent dies. Importance: *Convenience:* Allows for the smooth handling of real estate transactions without the principal's physical presence. *Legal Protection:* Ensures that real estate transactions are conducted legally and with proper authorization. It's important to draft a PoA carefully and consult legal professionals to ensure it meets all legal requirements and protects the interests of the principal. What is power of attorney Power of attorney kya hota hai Power of attorney kyun hota hai Is power of attorney helpful Is power of attorney is scam How someone cheat you in power of attorney? Is power of attorney safe ? Nri investment in gurgaon NRI HOME buyers Indian real estate rules