Dawood Ibrahim’s another property to get auctioned in August, SAFEMA invites bids
One other property of Dawood Ibrahim would get auctioned quickly. As soon as once more, the Smuggling and Overseas Trade Manipulators (Forfeiture of Property) Act, referred to as SAFEMA, is all set to public sale yet another Dawood’s property positioned at Pakmodia Road in Mumbai on August 9, 2018.
SAFEMA beneath Ministry of Finance has invited bids on the market of 9 properties positioned in Mumbai, Aurangabad, Valsad, Daman, Surat and Ahmedabad. Out of those 9 properties, just one property belongs to Dawood household i.e. Masulla Constructing (C.S. No 4275), located at 24/26 Pakmodia Road and 28/29 Bapty Street, Bhendi Bazaar, Mumbai – Three, also called – Amina Constructing, which might now get auctioned.
The reserve value for this property has been saved at Rs 79,43,000, with the Earnest Cash Deposit (EMD) of Rs 25 lakh. The earnest cash must be deposited by August 6, 2018. Later, it will be bought by e-auction, public public sale and sealed tenders on August 9 at Y B Chavan auditorium between 10 am to 12 midday.
The competent authority (statutory authority beneath SAFEMA) has issued the commercial calling for the sale of Dawood’s property. As per the tender commercial, events might do the inspection of this property together with SAFEMA officers on July 24, 2018.
Final 12 months, the Saifee Burhani Upliftment Belief (SBUT) received the bids with highest value of Rs 11.50 crore for Dawood’s three properties that went beneath the public sale by SAFEMA.
The three properties (Shabnam Visitor Home, Damarwala constructing & Resort Raunaq Afroz) fall beneath ongoing Bhendi Bazaar Redevelopment Venture. These buildings will not be in good situation and therefore, unfit for residing. Due to this fact, to make sure the protection of the households residing in these buildings and to hold on with the redevelopment undertaking, we participated within the bidding and purchased these properties, SBUT spokesperson had said in its official launch.
This time, SAFEMA expects to pocket in round Rs 2-Three crore from Dawood’s Massula Constructing i.e. Floor Plus 4 Storey, and “even time, SBUT is likely to be the entrance runner within the record of potential bidders”.
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