This is an archive article published on November 14, 2017
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Fugitive gangster Dawood Ibrahim’s three properties auctioned in Mumbai

Up for grabs are- six flats in Damarwala building (Room no- 18-20, 25, 26 and 28), Hotel Raunaq Afroz on 33 Pakmodia Street and Shabnam Guest House at Bhendi Bazar, the last known addresses of Dawood Ibrahim.

Written by: Rashmi Rajput
5 min readMumbaiNov 14, 2017 03:57 PM IST First published on: Nov 14, 2017 at 12:52 PM IST
Dawood Ibrahim, Dawood properties, Dawood asset auctioned, India news, SAFEMA, NDPS, Indian Express A file photo of fugitive gangster Dawood Ibrahim

The Saifee Burhani Upliftment Trust (SBUT) has bid the highest for the three Dawood Ibrahim properties that went under the hammer on Tuesday. The total amount of the highest bidder in the public auction for the three properties is around Rs. 11.50 crore, according to sources. The public auction was held by the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) (SAFEMA) at Churchgate in South Mumbai. Around a dozen bidders turned up at the auction venue.

“The three properties (Shabnam Guest House, Damarwala building & Hotel Raunaq Afroz) fall under our ongoing Bhendi Bazaar redevelopment project. These buildings are in dilapidated condition and unfit for living. Therefore to ensure the safety of the families living in these buildings and to carry on with the redevelopment project, we participated in the bidding and acquired these properties,” SBUT spokesperson said.

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