Special Power of Attorney
You need a special PoA with the exact real estate address mentioned to make it valid for managing bank loans, rental management, possession of flat, registration of real estate in Indian registrar office and other purpose.
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Indian stamp paper is not required for writing power of attorney.
You can print or write power of attorney on plain A4 sheet of paper.
General power of attorney is a generic version which does not mention the specific flat/apartment details as compared to Special attorney which has exact details of the property to be managed.
General POA contains terms and conditions to share the signing authority for general purpose like management of bank account, share holding accounts, rent acceptance for multiple properties etc.
Use Special Power of Attorney For Home Loan in India
An NRI (non resident Indian) can use the special power of attorney to buy, sell or take possession of a real estate property in India.
The same POA can be used for managing home loans in India by a member of family. Your POA holder can make payments for home loans like SBI maxgain, HDFC, ICICI and other banks.
Note that you will need to get the POA attested by Indian embassy before registering it in India.