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Q-5: Carlos Rodrigues is a real estate baron hailing from Venice, Italy. He is planning to purchase a property for investment purpose in London for
Q-5: Carlos Rodrigues is a real estate baron hailing from Venice, Italy. He is planning to purchase a property for investment purpose in London for letting it out on Rent. The property can be used for commercial purposes and is situated in Wimbledon, England. The cost of the property is 2.65 Million and Carlos plans to borrow 90% of the amount and just adding 10% of his investment to purchase the property. Is this act of Carlos Permissible? How. [1 Mark] Ans: Justification
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