Virat Kohli Delegates Gurugram Property Management to Brother

In a significant personal and administrative move just before his departure for the upcoming international tour, Indian cricket icon Virat Kohli officially transferred the General Power of Attorney (GPA) for his valuable Gurugram property to his elder brother, Vikas Kohli. The formal legal process was completed by the cricketer in person at the Wazirabad Tehsil office in Gurugram, ensuring the seamless management of his assets during his professional commitments abroad.

The move, which was finalized on October 14, reportedly a day before Kohli flew to join the Indian team for the ODI series against Australia, is seen as a practical measure by the former captain to delegate the extensive responsibilities associated with managing a high-value property while he focuses on his career and time spent with family overseas.

Details of the Transaction and Property

The property in question is a luxurious residence, often reported to be worth over ₹80 crore, located in Gurugram’s affluent DLF Phase 1. Reports suggest that the star batter was present at the Tehsil office for approximately an hour, signing all the necessary documents to register the GPA in favour of his brother. The cricketer’s brief presence at the government office created a stir, with staff and onlookers seizing the opportunity to click photos and request autographs from the celebrated sportsman.

By granting a General Power of Attorney, Virat Kohli has legally authorized his brother, Vikas Kohli, to act as his representative, empowering him to handle all legal, administrative, and financial matters related to the Gurugram residence. This typically includes managing maintenance, signing contracts, addressing legal issues, and conducting financial transactions on Virat’s behalf. This arrangement ensures that the property, which is currently occupied by Kohli’s parents, is efficiently managed in his absence.

Understanding the General Power of Attorney (GPA)

A General Power of Attorney is a critical legal document that allows an individual (the principal, in this case, Virat Kohli) to confer broad authority to another person (the agent or attorney-in-fact, Vikas Kohli) to manage their legal and financial affairs.

It is a common practice, particularly among Non-Resident Indians (NRIs), high-profile athletes, and celebrities, who are often away from their residential cities for extended periods, to appoint a trusted family member through a GPA. This legal instrument grants comprehensive powers, yet it is crucial to note that a GPA does not transfer the ownership of the property. The title and ownership rights remain solely with Virat Kohli, while the GPA only delegates the authority to manage and represent him in property-related functions.

The decision underscores the reliance and trust Virat Kohli places in his elder brother to oversee his substantial real estate portfolio in India while he balances his international cricket commitments and his family life, having reportedly relocated to London with his wife, Anushka Sharma, and their children. This legal formality ensures that the cricketer’s personal assets are securely and capably managed on the ground, allowing him to concentrate entirely on his professional pursuits.