Yes, the properties are free from the legal issues and Balakrishnan visited Pakmodia Street for inspection of the property before the auction. It is a ground-plus-one floor structure. Though in the list of the authority the property has been listed as Hotel Raunak Afroz, during his personal inspection, he saw the board of Delhi Zaika hotel put up on the property.
Good question, If they managed to win the bid, through their registered NGO, Desh Seva Samiti, they would set up an education centre as there are lot of children from Bhendi Bazaar area who are into drugs.
The reserve price of the property which they would be bidding for is Rs1.18 crore and earnest money deposit is Rs30 lakh.
Hi Dharmaja, The property is situated in Pakmodia Street, Kumbharwada, Mumbai. Balakrishnan, who runs an NGO, wants to set up an education centre for poor children at the property. The auction for Dawood's property will be held on December 9 at Hotel Diplomat in Colaba.
No, not at all. Seven listed properties of mobster Dawood Ibrahim are with the Competent Authority. The authority seizes the properties of accused in cases under Narcotics and Smugglers and Foreign Exchange Manipulators Act 1976. These properties are then put for auction.
It is true and former journalist S Balakrishnan would be bidding for of one of the seven properties of underworld don and global terrorist Dawood Ibrahim Kaskar.