Dawood Ibrahim’s Masulla Building auctioned in Mumbai for Rs 3.5 Crore

Mumbai: Property of refugee underworld enclose Dawood Ibrahim was auctioned on Thursday in Mumbai underneath a Smuggling and Foreign Exchange Manipulators (Forfeiture of Property) Act, (SAFEMA).

Masulla Building, located in Bhendi Bazaar area of executive Mumbai, was purchased by Saifee Burhani Upliftment Trust (SBUT), that placed a top bid of Rs 3.51crore rupees.

Three buyers including SBUT had shown seductiveness in a property. The other dual were Indira Tiwari of Akhil Bhartiya Hindu Mahasabha and Bhupendra Bharadwaj from Delhi.

However, Indira Tiwari did not attend in a final behest as her organization had not contention a initial deposition of Rs 25 lakh. The final contenders for Dawood’s skill were Bhupendra Bharadwaj and SBUT.

The auction hold by a Ministry of Finance started during 10 am during a YB Chavan auditorium during Nariman Point and continued for 5 hours. The auction for Dawood’s scrupulously began with a haven cost of Rs 79.43 lakh.

The 3 step routine enclosed e-auction, open auction, and hermetic tenders. Bharadwaj won a open auction by behest Rs. 1.91 crore, though did not attend in a e-auction. SBUT, won a auction by fixation top bid of Rs 3.51 crore in hermetic tender.

Spokesperson of SBUT pronounced “The building is in decayed condition and non-professional for living. We are carrying out a redevelopment plan in Bhendi Bazaar so we participated in a behest and acquired a property.”

SBUT has progressing acquired 3 properties of Dawood Ibrahim located during Bhendi Bazaar in auction carried out underneath SAFEMA. These properties enclosed grill Raunaq Afroz, Shabnam Guest House and 6 flats in Damarwala building.

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Article source: https://www.news18.com/news/india/dawood-ibrahims-masulla-building-auctioned-in-mumbai-for-rs-3-5-crore-1839615.html


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