Three properties of Dawood Ibrahim auctioned in Mumbai

Underworld don Dawood Ibrahim's properties in south Mumbai auctioned for Rs 11.58 crore

The Saifee Burhani Upliftment Trust (SBUT) bought three properties for Rs 11.5 crore.

Six flats - 18, 19, 20, 25, 26 and 28 in Damarwala Building, Hotel Raunak Afroz and Shabnam Guest House were the last known addresses of Dawood Ibrahim. All these three buildings are in a dilapidated condition.

Saifee Burhani Upliftment Trust had bid the maximum amount for all the three properties.

The Reserve price now kept for the property Rs 1 crore 55 lakh 76 thousand. Dawood purchased it when he took over Mastan's smuggling empire and renamed it Hotel Delhi Zaika.

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The auctioned properties include Damarwala building near Bhendi Bazar where Dawood's younger brother, Iqbal Kaskar, resided till recently. He allegedly lived there with this family before leaving the country in 1986. In 2015, Hotel Rounak Afroz had gone under the hammer for 4.28 crore.

In the advertisement, the government listed five properties, of which two belong to the underworld don.

The auction was ordered by the Ministry of Finance under SAFEMA (Smugglers and Foreign Exchange Manipulators) Forfeiture of Properties Act. Prime accused of 1993 Mumbai Serial Blasts and the most wanted underworld DON Dawood Ibrahim fled from India in 1990. "We want the new owners to be serious buyers who will see to it that the tenants are rehabilitated and the buildings are redeveloped", said the officer.SERIOUS BIDS ONLYTo ensure that only serious buyers participate in the auction, the competent authority has invoked a clause that allows it to prosecute anyone who stalls the auction. 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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