As we all know, Virat Kohli is one of India’s greatest cricketers to ever play. He has a house in London and mostly stays there with his wife, Anushkha Sharma, who is an actress, and his two children, one of whom is Vamika, and the other is Akaay. He has given his ₹80 Crore Property to his Brother. The question is, how did Virat Kohli transferred His ₹80 Crore Property to his Brother?
It is surely possible that the owner can transfer his property to his elder brother through the General Power of Attorney. Surely, this is possible. There is also a special power of attorney that Virat Kohli could have had, but he chose to go with the General Power of Attorney. The powers are limited under the special power of attorney.
How Virat Kohli Transferred His ₹80 Crore Property to Brother via Power of Attorney
Basically, Virat Kohli has a property that is worth ₹80 Crore in Gurugram, which he transferred to his brother, Vikas Kohli. Eventually, Virat Kohli himself visited the Wazirabad Tehsil office to complete the formalities. It nearly took him around one hour to sign all the property papers, which would transfer the property. Surely, it was a fan moment for a lot of people when they saw Virat Kohli at the Wazirabad Tehsil office.
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Virat Kohli often does not stay in India as he has a lot of properties in London. He and his family stay there. According to Virat, it was a perfect time for him to transfer the property to his brother’s name. After completing all the paperwork, Virat joined the Indian team, which is traveling to Australia. Virat Kohli is a member of the Indian ODI squad for a three-match ODI series.
What Is a Power of Attorney?
Basically, when the owner transfers the property to the person through the Power of Attorney, he becomes the one who can manage the property. In this case, Vikas Kohli has the right to manage the legal, financial, and property-related matters. Vikas Kohli can attend all the meetings in place of Virat Kohli when required. He also holds the right to sell the property if needed and asked by Virat Kohli. This is surely given to the trusted relative of the owner.
