These will be unloaded on November 10 under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA) 

Seven land bundles of hidden world Don Dawood Ibrahim at his genealogical town in Khed, a village in Ratnagiri region, and Mumbai condos possessed by his assistant Iqbal Mirchi are on the square. The date of sale is November 10. 

These will be sold under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA). Harigovind Singh will manage the sale. 

The closeout will be led over video conferencing because of the COVID-19 pandemic, authorities said. 

Before COVID-19 pandemic stuck, the money service had intended to sell all the 13 properties possessed by Dawood, the prime denounced in the 1993 sequential impacts in Mumbai, under SAFEMA. 

“Other than the COVID pandemic and the lockdown, plans to sell the rest of the properties may have must be conceded as the valuation report might not have come in. Before selling a property, we have to consider the total valuation report of the property to be unloaded. The rest of the properties might be forthcoming for assessment,” a SAFEMA official told Moneycontrol. 

“The save cost is shown up based on a valuation report put together by the valuer. The market cost much of the time is higher than the save value,” the authority said. 

Imminent bidders can investigate everything properties on November 2. Application for properties should arrive at the SAFEMA office alongside sincere cash before 4 pm on November 6

Three methods of offer – e-closeout, public sale and fixed tenders – would be used for the sale of these properties. 

The authority wouldn’t remark on the reaction anticipated from the bartering of these properties. 

This is maybe the biggest sale of Dawood’s properties in Maharashtra. 

Area 68F of SAFEMA engages the power to connect the properties of relatives and family members of the criminal. 

Six properties are situated at Mumbake town in Khed taluka of Ratnagiri region, Maharashtra. 

The properties to be sold in Mumbake town taluka, Khed incorporate Survey number 150 (20 gunthas) with a saved value: Rs 1.52 lakh; Survey number 151 (27 gunthas) with the saved cost of Rs 2.05 lakh; Survey number 152 (29.30 gunthas) with a saved cost of Rs 2.23 lakh; and Survey number 153 (24.90 gunthas) with a saved cost of Rs 1.89 lakh, according to subtleties distributed in a notice brought out by SAFEMA. 

Different properties incorporate Survey number 155 (18 gunthas) with a held cost of Rs 1.38 lakh; Survey number 181 (27 gunthas) having two-story cabin – house number 178 and 172–with a saved cost of Rs 5.35 lakh; Survey number 81 (30 gunthas) land and structure for petroleum siphon and different formats situated at Lote, Khed with a saved cost of Rs 61.48 lakh. 

Two pads, 501/502, in Milton Apartments on Juhu Tara Road in Santacruz (West), having a place with Iqbal Mirchi, would likewise be sold on a similar date. The save cost of these units is Rs 3,45,63,000. 

In April 2019, SAFEMA officials unloaded a level estimating 600 sq ft at Gordon Hall Apartments in Nagpada, having a place with Dawood’s sister Haseena Parkar, for Rs 1.80 crore. 

In 2018, SAFEMA unloaded Dawood’s property, Amina Mansion, on Pakmodia Street. The held cost of the property was Rs 79.43 lakh, and it was won by the Saifee Burhani Upliftment Trust (SBUT) for Rs 3.51 crore. 

In November 2017 as well, the Saifee Burhani Upliftment Trust (SBUT) had made the most elevated offered for the three fixed properties of the criminal. Six pads in Damarwala building were sold for Rs 3.53 crore, while Shabnam Guest House got Rs 3.52 crore. 

Then, as indicated by news reports, the Supreme Court on October 15 gave notice to the foundation chief and stayed redevelopment of a Bhendi Bazaar property that was maybe the last known location of the hidden world wear Ibrahim in Mumbai. The structure called Haji Ismail Haji Habib Musafirkhana was built in 1939. 

In a connected advancement on October 20, resources worth over Rs 22 crore, including a film lobby and an inn in Mumbai, of late hoodlum Iqbal Mirchi’s family have been appended regarding an illegal tax avoidance case, the Enforcement Directorate (ED) said in an announcement. 

“The joined resources incorporates a talkies (film corridor) and a lodging in Mumbai, an under development inn, a ranch house, two homes and 3.5 section of land in Panchgani,” the focal analytical organization said in an announcement.

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