IANS
Mumbai, Nov 14: Fugitive mafia don Dawood Ibrahim Kaskar’s three prime properties in south Mumbai finally found a buyer Tuesday, the Saifee Burhani Uphliftment Trust (SBUT), run by the Dawoodi Bohra community, an official said here. The properties were auctioned for Rs 11.58 crore.
“Yes. We submitted bids and have won the auction for the three properties which fall within the redevelopment jurisdiction of the SBUT. We shall now complete the remaining formalities,” a SBUT spokesperson informed.
The properties were put on auction by the ministry of finance, under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act.
The three properties are Hotel Raunaq Afroz, also known as Delhi Zaika, Shabnam Guest House and six rooms in Damarwala building, all falling within one kilometre radius in the congested Bhendi Bazar area.
The Saifee Burhani Upliftment Trust was the highest bidder for the three properties, the official said.
While the Raunaq Afroz hotel attracted a bid of Rs 4.53 crore, Shabnam Guest House got a bid of Rs 3.52 crore and the rooms in the Damarwala building went for Rs 3.53 crore.