In Photos: Dawood Ibrahim’s “Masulla Building” to be Auctioned

The auction will be held at the YB Chavan auditorium between 10 am and 12 noon.

The earnest money deposit for the building is set at Rs 25 lakh, which was to be deposited by 6 August, as per the notice.

(Photo: Bilal Jaleel/The Quint)

The Union finance ministry has invited bids to auction one of the three properties of the underworld don Dawood Ibrahim and his family located on the Pakmodia Street in Mumbai.

With a reserve price of Rs 79.43 lakh, the auction for the Masulla Building in Mumbai’s Bhendi Bazaar area, in the central part of the city, will be held on Thursday, 9 August, under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA), according to a tender notice put out in newspapers.

The earnest money deposit is set at Rs 25 lakh, which was to be deposited by 6 August, as per the notice.

Dawood’s property, “Masulla Building” will be auctioned on Thursday, 9 August.

The property will be sold through e-auction, public auction, and sealed tenders on 9 August, which will be held at Mumbai’s YB Chavan auditorium between 10 am and 12 noon.

The Saifee Burhani Upliftment Trust had won the bids in 2017, with highest price of Rs 11.50 crore for Dawood’s three properties that were put on the block.

In 2017, the Saifee Burhani Upliftment Trust had won the bids, with highest price of Rs. 11.50 crore for Dawood's three properties that were put on the block.

Bids have also been invited under the SAFEMA Act to auction nine properties located in Mumbai, Aurangabad, Valsad, Daman, Surat and Ahmedabad.

One of Dawood’s property’s- the “Masulla Building” in Bhendi Bazaar.

The move to auction the property comes after the Supreme Court had on 20 April asked the Centre to take over these properties.

The order came after the apex court rejected a plea filed by his mother and sister, Amina Bi Kaskar and Haseena Parkar, challenging the decision of the Enforcement Directorate and other agencies to attach property owned by them in Mumbai as "proceeds of crime".

A motorcycle with protective cover, stored inside the property. 

The apex court order asked the Centre to forfeit at least seven prime properties including flats in Mumbai's Nagpada area.

In 1988, government sealed the properties under the SAFEMA laws, which was challenged by his mother and sister.

The SAFEMA tribunal had in 1998 and the Delhi High Court in 2012 had upheld the seizure move.

The “Masulla Building” is located in the busy streets of Mumbai’s Bhendi Bazaar.

In November 2017, three south Mumbai properties - Hotel Raunaq Afroz, also known as Delhi Zaika; Shabnam Guest House and six rooms in Damarwala building - belonging to the fugitive don were auctioned for Rs 11.58 crore under the SAFEMA Act.

These three properties, all in dilapidated conditions, fall under the ongoing Bhendi Bazaar redevelopment project.

The reserve price for the building’s auction is Rs 79.43 lakh.

(With inputs from PTI)