Auction process for Dawood Ibrahim properties begin

The Al Capone of India

Of the six properties being auctioned by the competent authority, SAFEMA, Mumbai, three properties located in Bhendi Bazaar belonged to fugitive gangster Dawood Ibrahim, and have caught the interest of the Saifee Burhani Upliftment Trust (SBUT) that is redeveloping Bhendi Bazaar.

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. All these three buildings are in a dilapidated condition.

All the three properties have been bought by Saifee Burhani Upliftment Trust who, the highest bidder in the auction.

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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A Thane-based builder was allegedly forced to pay Rs 30 lakh and four flats to Iqbal Kaskar's gang. The auction took place at Kelachand Conference room, IMC building at Churchgate.

The Rounaq Afroz restaurant had gone under hammer in 2015. Dawood's mother Aminabi used to stay at Damarwala building even after he and his brothers fled the country. The auction of the properties has never been an easy task for the government. The Hindu Mahasabha is one of the applicants who wants to buy Dawood Ibrahim property. After that, his properties were seized under SAFEMA (Smuggling and Foreign Exchange Manipulation ACT).

A source from the Ministry of Finance told that three other properties, The Dadriwala chawl, Mazgaon flat and Aurangabad factory plot will also be put up for auction in the future.

He also wanted to acquire Hotel Raunak Afroz to build a toilet there, to spread the message that how terrorism ends.

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