Is power of attorney allowed?
Yes, you can use a Power of Attorney (POA) to buy or manage property in Dholera, but it must be a registered document to be legally valid for real estate transactions. While the government allows it, there are very strict rules you must follow to make sure your money stays safe. Understanding the basics of Power of Attorney When I first started looking at land deals back in the 1970s, things were much simpler, but also much riskier. A Power of Attorney is basically a legal paper where you give someone else the right to sign documents for you. In a place like Dholera Special Investment Region, many people live far away in cities like Delhi or even in other countries. They cannot always fly down to Gujarat to sign a single piece of paper. According to the Registration Act of 1908, any document that moves the ownership of land from one person to another needs to be handled carefully. If you are using a POA, it is not just a letter you write on a piece of paper. It must be stamped and signed by a government official. Why people use POA in Dholera The big risks you should know about I have seen people lose their life savings because they trusted the wrong person with a POA. You have to be very careful. Here are the things that could go wrong: How to do it the right way If you really need to use a POA for your investment in Dholera Smart City, follow these steps to keep your investment secure: My final thoughts after 50 years I have watched cities grow from nothing but dirt and grass into huge hubs. Dholera is a dream for the future, but dreams can turn into nightmares if you skip the legal steps. Using a POA is a tool. Like a hammer, it can build a house or it can break things. If you can be there in person, be there in person. Nothing beats your own thumbprint on the document. But if you must use a POA, spend the extra money on a good lawyer to check every word. It is better to be safe today than sorry ten years from now when the land prices go up and someone tries to cheat you.
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