Can I buy property on behalf of my NRI son?
I am an overseas citizen with OCI (overseas citizenship of India) card. For the past few years, I have been living in India for tax purposes. I want to transfer money from my overseas accounts to buy a property in India. However, I want to buy it in the name of my son who is also a foreign citizen with OCI card, but lives abroad. Can I do that though the money will be used for the same from my bank account in India. If my son is unable to travel to India, he will give me a power of attorney (POA) which will be verified at the Indian consular office in the city where he lives.
— Name withheld on request
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