Two Properties Located At Mumbai Belonging To Iqbal Mirchi Will Be Sold By Government.

By Varun Singh

Two properties connected to gangster Iqbal Mirchi, who was also the right-hand man of underworld’s dreaded don Dawood Ibrahim located in Mumbai’s Santacruz west have been put on auction. The auction is being conducted by the department within the Ministry of Finance. the reserve price for the two flats is Rs 3.45 crore. The auction will be held on November 19 at the office of Competent Authority in Nariman Point. The gangster who died a few years ago is in news once again because of alleged property deals in Mumbai.

The properties are flat number 501, and 502 both located in the building named Milton Apartments CHS Ltd, which is located in Juhu Tara Road, Santacruz West. As per the society records the area both the flats is 1245 sq ft.

A notice regarding the same was issued by the Office of Competent Authority and Administrator, SAFEMA/NDPSA, Mumbai. The notice talks about the other four properties, however, their ownership title couldn’t be ascertained.

According to a report, against the confiscation of these two flats, Heena Kauser, wife of Mirchi had even fought a battle up to the Supreme court.

The auction will be held in three formats, which include e-auction, the opening of tenders and public auctions. The properties will be open for inspection on November 7 and November 8.

The other properties of which ownership couldn’t be ascertained includes a flat in Wimbledon II CHS ltd, located at Andheri West, A merged flat in the building Silver Arch, located in Oshiwara, and another flat located in the building Sai Milap CHS Ltd, in Goregaon.

There is two land parcel that is also being auctioned by SAFEMA, they both are located in Kasargod district of Kerala state. the inspection of these two properties will be held on November 11.

Those interested in these two properties will have to submit their tenders, and also submit the Earnest Money Deposit by November 15. The reserve price for the two flats belonging to Iqbal Mirchi is Rs 3,45 crore, while the Earnest Money Deposit is Rs 86.50 lakh.

Earlier this year in April, SAFEMA auctioned a flat measuring 600 sq ft, located at Gordon Hall Apartments in Nagpada, that belonged to Dawood’s sister Haseen Parkar, for Rs 1.80 crore.

In November 2017, the Saifee Burhani Upliftment Trust had won three properties in an auction carried out by SAFEMA. The properties were Shabnam Guest House, six flats in Damarwala building and restaurant Raunaq Afroz — all located in Bhendi Bazaar and belonging to the don Dawood Ibrahim’s family.

Leave a Reply
You May Also Like

Residential Property Transactions Soar Past 5.5 Lakh in 2024, Grossing Over Rs. 4 Lakh Crore; Property Prices Surge 60% in Five Years

In 2024, India’s residential property market continued to thrive with nearly 5.77 lakh registered transactions, surpassing Rs. 4 lakh crore in value. This growth, marked by a 60% increase in property prices over the last five years, highlights a strong demand for homes across top cities. Gurugram, in particular, saw remarkable price hikes, with a 132% increase since 2019. The outlook for 2025 remains positive, with expectations of further growth in both demand and supply.

Lodha enters Ghatkopar-Vikhroli

Lodha marks entry into Ghatkopar-Vikhroli, announces the launch of Lodha Codename Evergreen…

Residential Market Sees Growth in Sales and Value, Led by Luxury Segment in Q3 2024

The Indian residential real estate market saw a 2% increase in sales in Q3 2024, with a 7% rise in sales value. Luxury properties led the growth, while new supply declined, particularly in affordable and mid-range segments. The market’s resilience is reflected in the strong performance of both metro cities and Tier 2 regions.

CREDAI Pledges to Construct 4000 Green Projects by 2030

Confederation of Real Estate Developers Association of India (CREDAI) today announced a…