Three Da­wood prop­er­ties sold for 11cr

The Times of India (New Delhi edition) - - TIMES NATION - Ma­teen.Hafeez@ times­

Mum­bai: The Saifee Burhani Up­lift­ment Trust (SBUT), which is re­de­vel­op­ing the Bhendi Bazar clus­ter plan, won bids for all the three prop­er­ties al­legedly owned by fugi­tive un­der­world don Da­wood Ibrahim that were up for auc­tion on Tues­day. The prop­er­ties — a non-op­er­a­tional eatery, a four-storey com­mer­cial-cum-res­i­den­tial build­ing, and a guest­house — with a col­lec­tive re­serve price of Rs 3.95 crore fetched the Union fi­nance min­istry Rs 11.05 crore.

Hindu Ma­hasabha, which was ear­lier said to be one of the par­tic­i­pants in the auc­tion, did not de­posit its earnest money, and no one from the or­gan­i­sa­tion turned up. In the 2015 auc­tion, it had bought a car and later set it on fire.

A min­istry source said, “Around 14 to 15 peo­ple par­tic­i­pated... we are happy that peo­ple are now com­ing for­ward.”

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.