3 properties of Dawood Ibrahim bought by Saifee Burhani Uplifting Trust (SBUT) for Rs 11.5 crore

3 properties of Dawood Ibrahim bought by Saifee Burhani Uplifting Trust (SBUT) for Rs 11.5 crore

By: || Updated: 14 Nov 2017 02:57 PM

Auctioning of Dawood's properties today/ File image

Mumbai: Underworld don Dawood Ibrahim’s properties which were put to auction on Tuesday were sold for Rs 11.5 crore to Saifee Burhani Uplifting Trust. The Trust oversees the Saifee Burhani Upliftment Project (SBUP) commonly known as Bhendi Bazaar Redevelopment Project, in South Mumbai.

The auctioning began at 10 am in Mumbai’s Indian Merchant Chamber, in Churchgate.

Properties that were auctioned:

  • 5 rooms of Dambarwala building, Park Modia Street, Mumbai (base price Rs 1cr, 55lakh, 66 thousand)

  • Hotel Raunak Afroz, Park Modia Street, Mumbai (base price Rs 1 cr, 18 lakh, 63 thousand)

  • Shabnam guest house, Park Modia Street, Mumbai (base price Rs 1 cr, 21 lakh, 43 thousand)


Earlier, Hindu Mahasabha Chief Swami Chakrapani had already shown an interest in purchasing the Pakistan-based don’s Hotel Raunak Afroz and turning it into non-paid toilet.



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He had also planned to purchase don’s another property and build a hospital in its place.

State Government’s revenue department had given advertisements in the newspapers about the auctioning.

Dawood’s property was auctioned even in 2015, journalist Bala Krishna purchased Dawood’s Raunak Afroz hotel but because of insufficient funds, he couldn’t pay the whole amount and therefore, re-auctioning had to be held.

When Dawood’s property was auctioned the last time, his green car was purchased by Swami Chakrapani for Rs 30 thousand and was lit to flames, calling it a symbol of terror.

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