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Dawood Ibrahim's 3 properties auctioned for Rs 11 cr

Dawood Ibrahim's 3 properties auctioned for Rs 11 cr

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. All the three properties are located within radius of one km at the Bhendi Bazaar area of south Mumbai. It is learnt that there were six bidders for the properties.

The Hotel Raunaq Afroz was estimated at a bid of Rs 4.53 crore while the Guest House Shabnam went up for Rs 3.52 crore and the rooms in Damarwala building were bought for Rs 3.54 crore.

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

The properties were put on auction by the ministry of finance, under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act.

"These buildings are in dilapidated condition and unfit for living".

Bengals' Burfict ejected for making contact with official
Burfict got tossed after he made contact with an official in an incident that, frankly, doesn't look like much. A few plays earlier, Burfict was flagged for a late hit out of bounds on Titans running back DeMarco Murray .

A Thane-based builder was allegedly forced to pay Rs 30 lakh and four flats to Iqbal Kaskar's gang. But they were disqualified by SAFEMA authorities as it failed to deposit the earnest money in time.

The three properties belonging to Dawood Ibrahim which will be auctioned on are - Ronak Afroz Restaurant, Damarwala Building and Shabnam Guest House. Dawood used to stay at Damarwala Building with his family till he fled the country in 1986. The six flats in Damarwala building were home to Dawood Ibrahim and his family members in the late eighties. Hotel Raunak Afroz, initially belonged to Haji Mastan.

The Raunaq hotel is said to be among the first properties purchased by Dawood after he took control of his smuggling business.

The Appellate Tribunal for Forfeited Property had cleared the takeover of the properties by the government under the provisions of SAFEMA and this cleared the deck for auction.


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