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Auction process for Dawood Ibrahim's three properties begins

Shobhit Kalra

Shobhit KalraBy Shobhit Kalra

Published on 14 Nov 2017 5:20 AM GMT

Auction process for Dawood Ibrahims three properties begins
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Mumbai: Three properties of underworld don Dawood Ibrahim will be auctioned by a private auctioneering firm at the Indian Merchant Chambers (IMC) here on Tuesday.

The auction process will begin at 11.00 am through E-Auction and public action at Mumbai's Churchgate.

Ibrahim's three properties are - Ronak Afroz Restaurant, Damarwala Building and Shabnam Guest House.

The Reserve price kept for Shabnam Guest House is Rs 1 crore 23 lakh, 43 thousand. The price to auction Damarwala building has been reserved at Rs 1 crore 55 lakh 76 thousand.

The Reserve price for Ronak Afroz restaurant is Rs 1 crore 18 lakh 63 thousand.

Shobhit Kalra

Shobhit Kalra

Writer has 10 years of experience in digital media. Presently working as Chief Sub Editor at newstrack.com. An avid reader and always willing to learn new things and techniques.

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