SBUT to bid for 3 of Dawood's properties in Bhendi Bazaar

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The ministry of finance, which auctions property under Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976, has put up three of underworld don Dawood Ibrahim's properties for auction again on Tuesday, seeking security for the goal this time. "We are participating only because the buildings are important for a complete redevelopment", said a source from SBUT.The authority plans to sell the first two properties as the buildings are dilapidated and unsafe for occupation. The Ministry of Finance auctioned the property under Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976. Another property in Dhamarwala was sold for Rs 3.53 crore and the third one - Shabnam Guest House - was auctioned at Rs 3.52 crore.

The decision for bidding is taken due to Ongoing Bhindi Bazar redevelopment program, As all the three properties fall under our Bhendi Bazaar.

"These buildings are in dilapidated condition and unfit for living". The auctioned properties of underworld don include Shabnam Guest House, six flats in Damarwala building and a restaurant Rounaq Afroz. The Reserve price kept for the present auction was Rs 1,23,43,000.

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Three other properties will also be put up for auction-a Mazgaon flat, tenancy rights in Dadriwala chawl at Mohammed Ali Road and a factory plot in Aurangabad.

Damarwala building was home to Dawood Ibrahim and his family members in late eighties.

Last year, unable to gather money to buy underworld Ibrahim's property Hotel Raunak Afroz, former journalist S Balakrishnan's "earnest money deposit" of Rs 30 lakh was forfeited. Chakrapani had also expressed his eagerness to acquire the Rounaq Afroz - to build a public toilet in the area under the Prime Minister's Swachh Bharat Mission.

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