Three properties of Dawood Ibrahim auctioned in Mumbai

Three properties of Dawood Ibrahim auctioned in Mumbai

Three properties of Dawood Ibrahim auctioned in Mumbai

Mumbai: Three properties belonging to fugitive underworld don Dawood Ibrahim, who is wanted for his role in the 26/11 terror attacks, will be auctioned in Mumbai on Tuesday.

Six flats - 18, 19, 20, 25, 26 and 28 in Damarwala Building, Hotel Raunak Afroz and Shabnam Guest House were the last known addresses of Dawood Ibrahim. The Damarwala property was sold for Rs 3.53 crore while Shabnam fetched a price of Rs 3.52 crore. All these three buildings are in a dilapidated condition. After acquiring the properties, SBUT spokesperson said, "The Trust was interested in buying these three properties as they are within the area of our ongoing Bhendi Bazar redevelopment project".

Summary: The reserve price for the three properties are Rs 1.21 crore, Rs 1.55 crore and Rs 1.18 crore respectively.

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The bidders for the auction also included the Hindu Mahasabha. The auction took place at Kelachand Conference room, IMC building at Churchgate.

Dawood Ibrahim is the mastermind of the 1993 Mumbai serial blasts in which 257 were killed. The auction of the properties has never been an easy task for the government.

"The Damarwala building near Bhindi Bazaar, the old residence of Dawood until he fled was bought by Amina Bi, Dawood's mother, and Kaskar from from Abdul Hussain Damarwala in the 1980's,"said a tenant".

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Sources said that the properties are liksely to be auctioned through three methods - the sealed tender, public auction and e-auction.

The authorities later made a decision to auction these properties in a phased manner.

Ronak Afroz restaurant went under hammer in 2015. After that, his properties were seized under SAFEMA (Smuggling and Foreign Exchange Manipulation ACT).

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