I am an overseas Pakistani and want my cousine in Pakistan to apply for me.I mean he will apply on his name and i shall be giving money to him.This i want to do because applying from KSA means a lot of paper work, attestation of CNIC, making of demand draft in dollars and then courrier.This all requires good time that i dont have because of my hectic job scedule.Now my question is that once my cousine gets the plot in ballot that is being funded by me, how can it be transfered to my name.Or i simply need to buy it from him and then get it transfered on my name.Because afterwards i plan to just switch that plot to my name and i shall be paying the installments from here.Can it be done easily and will there be an extra money involved in transfering this plot to my name.CMY and other experts are requested to guide please.
replied on Tuesday, March 9, 2010 07:14 AM
It is not a worth while proposal.In the long run it will be more expensive and hectic to transfer it in your name. |
Overseas Investor replied on Tuesday, March 9, 2010 07:47 AM
@Ahsan Sahib ... It takes just 20 minutes for attestation from Pakistan Embassy Riyadh. You will need two photos + copies of your id card + SR 18.00. They will take your paper and return you attested after 20 minutes. The only problem which you might face is demand draft, because now the rules have become a bit strict. But in any case I will never recommend to buy a property in someone else name. You should send your application directly to purchase the property in your own name.
I think you may use some friends to send money to Pakistan or if your bank statement supports then you may send the required amount solely.
It is true that when you will go to transfer the property in your own name, you will have to bear extra costs. |
Ahsan replied on Tuesday, March 9, 2010 09:23 AM
How about if i fill the application, sign it and send it alongwith money, CNIC copy and photos to my brother or cousine and they submit it by hand or by post from withing Pakistan itself on my behalf.Will it work.I think not necessarily one has to appear in person to submit it.Please advise |
