Dawood Ibrahim's 6 properties auctioned for just 23 lakhs in Ratnagiri

In a big development, 6 big properties of underwold don Dawood Ibrahim has been auctioned for 23 lakhs  Supreme Court advocate Bhupendra Bhardwaj secured four properties in the virtual auction held today while advocate Ajay Srivastava successfully bid for two other properties.Dawood Ibrahim’s ancestral property was sold for slightly over Rs 11 lakh, highest among all the other properties that were auctioned today. One property in Ratnagiri, which was a part of the auction earlier, was withdrawn as there was a dispute over the property limit.Most of the properties that were auctioned today were in Mumbake village in Khed taluka of Ratnagiri ditrict in Maharashtra. 

As per earlier reports, Dawood’s properties are old and not in good shape. The highest bid for two of the properties went from the reserve price of Rs 1.89 lakh and Rs 5.35 lakh to Rs 4.3 lakh and Rs 11.2 lakh respectively. He added that the other properties went for their base prices. One other property, belonging to Dawood Ibrahim, was however withdrawn from the auction by officials due to some technical reasons. “We auction in all three modes -- public auction, e-auction and silk tender. But, this being a very peculiar situation during the Covid-19 pandemic. So, we had to improvise a little. Instead of having a public auction, we conducted a virtual public auction,” D’Souza said.The officials said there were several enquiries for the Mylton apartment, owned by gangster Iqbal Mirchi, but no bids were received for the same. As per the procedure, 25 per cent of the bid amount has to be deposited within seven days if the total amount is below Rs 50 lakh, if above 50 lakh, 25 per cent of the bid needs to be deposited within a period of one month. The rest of the amount can be deposited within one month and three months respectively.