Yes, a POA can be either revocable or irrevocable, depending on what sort of a POA one has made.

The buyer is liable to pay the stamp duty.

For the purpose of Real Estate the Long-term Capital gain would be only if you hold the property for more than three years, then it is subjected to tax @20%. In case you sell the property in less than three years time then it would become short-term Capital Gain and the same is required to be taxed at the prevailing tax schedule of the rate applicable to the assessee depending on his other incomes.

That depends on one’s actual objectives and level of need. If one is a first-time home buyer, attempting to time the market makes little sense. Any correction will be a brief phenomenon, and prices inevitably rise again. This is a risky game that only investors should play.

While purchasing a property, you have to look at the approved layout plan, approved building plan, ownership documents, carryout title search, etc.

Availing of a temporarily discounted home loan without taking a protracted view of one’s financial position is not advisable. One should be aware of the manner in which one’s finances will be affected after the teaser period is over and real-time lending rates kick in.

A freehold property flat is one where there is a whole and sole owner/s, ownership is full and unconditional and there is no lessor / lessee involved.

The rental yield for commercial property is usually 9-12%. In contrast, the yield for residential property is much lower at 3-4%.

The stamps are required to be purchased in the name of any one of the executors to the Instrument.

The instruments like Agreement to Sell, Conveyance Deed, Exchange of property, Gift Deed, Partition Deed, Power of Attorney, settlement and Deed and Transfer of lease attract Stamp Duty on market value of the property.