3 prop­er­ties of Da­wood auc­tioned for Rs 11.58 cr

The Saifee Burhani Up­lift­ment Trust (SBUT) has bought all the prop­er­ties

The Hitavada - - FRONT PAGE -

THREE south Mum­bai prop­er­ties be­long­ing to fugi­tive gang­ster Da­wood Ibrahim, which are in a di­lap­i­dated con­di­tion, were auc­tioned for Rs 11.58 crore on Tues­day, ac­cord­ing to an of­fi­cial in­volved in the ex­er­cise.

The Saifee Burhani Up­lift­ment Trust (SBUT) has bought all these prop­er­ties for its re­de­vel­op­ment pro­ject. The prop­er­ties-Ho­tel Rau­naq Afroz, also known as Delhi Zaika, Shab­nam Guest House, and six rooms in Da­mar­wala build­ing--were put on the block by the Min­istry of Fi­nance, un­der the Smug­glers and For­eign Ex­change Ma­nip­u­la­tors (For­fei­ture of Prop­erty) Act, also known as SAFEMA.

“The prop­er­ties were put on auc­tion by the Min­istry of Fi­nance, un­der the Smug­glers and For­eign Ex­change Ma­nip­u­la­tors (For­fei­ture of Prop­erty) Act

and SBUT emerged as the high­est bid­der,” Com­pe­tent Au­thor­ity of Mum­bai SAFEMA P Sel­va­ganesh told PTI.

The SBUT’s high­est bid for Rau­naq Afroz ho­tel was Rs 4.53 crore, for Shab­nam Guest House Rs 3.52 crore and the six rooms in the Da­mar­wala build­ing Rs 3.53 crore.

These prop­er­ties were seized un­der the SAFEMA al­most 15 years ago.

“The prop­er­ties are in a very di­lap­i­dated con­di­tion and are un­safe to live in. So it was nec­es­sary to com­plete the auc­tion process as soon as pos­si­ble to en­sure safety of the ten­ants re­sid­ing there,” Sel­va­ganesh said.

One of the auc­tioned prop­er­ties is lo­cated very close to the five-storey build­ing in Bhendi Bazaar that col­lapsed in early Septem­ber, killing 33 peo­ple.

The SAFEMA, in con­sul­ta­tion with district valu­a­tion of­fi­cer of the In­come Tax depart­ment, had fixed the re­serve price at Rs 1.21 crore, Rs 1.55 crore, and Rs 1.18 crore for Shab­nam Guest House, rooms in Da­mar­wala Build­ing and Ho­tel Rau­naq Afroz, re­spec­tively. SBUT, a trust run by the Bohra com­mu­nity, which has been en­trusted with the job of re­de­vel­op­ing a clus­ter of build­ings in the Bhendi Bazar area, bid the high­est at Rs 11.58 crore for the three prop­er­ties in sealed ten­ders. The auc­tion, which was con­ducted by the of­fice of the Com­pe­tent Au­thor­ity and Ad­min­is­tra­tor SAFEMA/ NDPSA, took place in three for­mats in­clud­ing e-auc­tion, public auc­tion and sealed ten­ders. “The three prop­er­ties fall un­der our on­go­ing Bhendi Bazar 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,” a SBUT spokesper­son said in a state­ment.

Asked about the pro­ce­dure that will fol­low the auc­tion, Sel­va­ganesh said SBUT will now have to pay 25 per cent of the to­tal bid­ding amount within 30 days and rest within a pe­riod of 90 days.

After Da­wood Ibrahim fled In­dia, prop­er­ties be­long­ing to him and his as­so­ci­ates were seized un­der the pro­vi­sions of SAFEMA. The au­thor­i­ties later de­cided to auc­tion these prop­er­ties in a phased man­ner.

Combo pic­tures of Da­wood Ibrahim’s three prop­er­ties Da­mar­wala, Shab­nam Guest House and Delhi Zaika ho­tel, which were auc­tioned un­der Smug­glers and For­eign Ex­change Ma­nip­u­la­tors (SAFEMA) For­fei­ture of Prop­er­ties Act at the IMC Cham­ber in Mum­bai on Tues­day. (PTI/ pic by Mitesh Bhu­vad)

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.