More power, less attorney

In the complicated maze of property deals, the Supreme Court judgement of Wednesday to make resale of property executed through a power of attorney illegal is something to cheer. The use of power of attorney is one of the principal conduits through which black money has been poured into the real estate market. For a major economy like India, where not just residents but non-residents too are now entering the real estate markets in a big way, the perception of India as a corruption-prone country begins here.

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