Power of attorney to builder
I'm currently residing in USA and have booked an apartment in Chennai. The construction is happening in multiple phases and my apartment is in phase 1 which is now ready to move . I have given POA to my mother to execute all documents on my behalf. Registration will happen after the current lockdown. The builder is now asking for a Power of Attorney to the builder for construction of common amenities like electricity, water, etc., which would be shared between phase 1 and 2 and to appear before the government bodies like the Electricity board, Pollution control board, etc., on behalf of me. I have few questions regarding this POA to the builder.
1. Is it safe to give Power of Attorney to the builder? The document outlines the tasks that can be performed by the attorney but this is new to me. Will there be any issues in future for me?
2. Is it a common practice for big promoters and builders to get POA from owners of Phase 1 projects if they want to do any development for other phases?
3. How long is this POA valid and can I rescind it anytime If I want to?
4. Should I concerned with anything else and look for any details in particular in the POA?
Asked 18 days ago in Property Law