This includes a mango orchid in the Khed Taluka of Ratnagiri

Bungalows have been seized in accordance with SAFEMA

Many properties have been auctioned in the past as well

Indian drug lord Dawood Ibrahim’s properties in Mumbai and Ratnagiri are scheduled to be auctioned on January 5th 2024. This includes a mango orchid in the Khed Taluka of Ratnagiri and other bungalows which have been seized in accordance with the Smugglers and Foreign Exchange Manipulators Acts (SAFEMA). 

Previously, one restaurant, one guest house and six flats amounting to Rs 4.53 crore, Rs 3.52 crore and Rs 3.53 crore respectively have been sold by the government. A 600 square feet flat in Nagpada was sold for Rs 1.8 crore in April 2019. A property in Pakmodia street was sold for Rs 3.51 crore to the Saifee Burhani Upliftment Trust in 2018 under SAFEMA. 

2 plots and an abandoned petrol bunk in Ratnagiri were also sold for Rs 1.10 crore. The properties were registered in his sister Haseen Parker’s name in the Lote village in Khed Taluka. 

The low prices in the context of the real estate market in Mumbai can be attributed to the fact that the taboo associated with Dawood Ibrahim attracts a lower price among customers. Bidders have reported getting threat calls from Chota Shakeel to withdraw their bid in the past.