Business

Dawood Ibrahim’s $7 Billion Properties Set for Auction on January 5th!

The Maharashtra government has ordered an auction of four plots of land, which are said to be properties of Dawood Ibrahim! These ‘Benami’ farmlands allegedly are the belonging to the mafia king, the underworld don-cum-terrorist Dawood Ibrahim. Ratnagiri district is said to be his native place. The e-auction will be conducted on January 5, 2024.

Dawood Ibrahim’s ‘benami’ properties will be auctioned on Jan 5, 2024!

The e-auction will take place on January 5, 2024, as per a notice that was issued by the Ministry of Finance under various laws, in November this year. These include the Smugglers and Foreign Exchange Manipulator Act, of 1976, the NDPS Act, of 1985, and the Prohibition of Benami Property Transaction Act, of 1998.

These properties were measured and they are a total of 21,275 square meters. These properties are situated in the Mumbake village of Khed. This village is the birthplace of Dawood, who is almost 67 years old. He spent his early childhood before coming to Mumbai in the late 1970s. The government has kept the total reserve price of these lands around Rs.19 lakh, which is for all the properties.

Independent inquiries about any encumbrances, the title, approved plans, etc are welcome!

According to the available information on government records, the properties are free of any encumbrances. Although, the government has advised the bidders who are going to bid on them, to make their independent inquiries. Independent inquiries about any encumbrances, the title, approved plans, etc are welcome. The buyers will be responsible for any outstanding or pending dues, taxes, fees, etc that may apply to the properties. However, according to local villagers, these properties have been deserted for several decades.

As the news of the auction spread among the locality, many locals were seen going around the property. One of those properties was seen surrounded by a boundary with the symbol of a Crescent Moon and Star engraved on the concrete wall, and thick overgrowth inside the plot.

New Staff

Recent Posts

Hollywood Wild Fire Live: Flames erupted in this American city, 5 burnt alive, chaos everywhere!

America's Hollywood City is burning in flames. The Palisades fire broke out in Los Angeles…

3 hours ago

Stampede at Tirupati Balaji Temple: 7 Devotees Dead, Many Injured

7 devotees died due to a stampede in the Tirupati Balaji temple of Andhra Pradesh.…

15 hours ago

BIG BREAKING: Delhi Schools on Alert After Fresh Bomb Threats Cause Panic!

Many big schools in Delhi have received threats of bomb blasts. Many famous schools including…

16 hours ago

Gautam Gambhir’s job secure after BGT failure, no action expected against Rohit Sharma-Virat Kohli!

The Border-Gavaskar Trophy jas ended few days ago. The Australian team has taken the trophy…

21 hours ago

ICC Champions Trophy 2025: Pakistan’s new ruckus regarding Team India; know the details!

Cricket fans now have their eyes on the Champions Trophy. This is the biggest cricket…

22 hours ago

Must-Watch OTT Releases of January 2025 Top Shows and Movies to Binge-Watch

January has arrived and with it, the promise of new stuff to binge-watch on OTTs!…

2 days ago