Dawood Ibrahim’s Ancestral Ratnagiri Plots Sell After Four Failed Attempts as March Auction Concludes

dawood ibrahim saw his ancestral agricultural plots in Ratnagiri district sell at a SAFEMA auction on March 5, the first time all four parcels were bought after years of failed attempts. A Mumbai-based bidder won the lots in Mumbake village, Khed taluka — properties originally registered to his mother, Amina Bi, and forfeited under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act due to criminal links including the 1993 Mumbai blasts. The successful bids follow a string of earlier auctions that failed to attract buyers; the new purchaser must complete payment by early April 2026 for final confirmation.

What Happens When Dawood Ibrahim’s Ancestral Land Changes Hands?

The auction on March 5 bundled four agricultural parcels long attached and put them into the hands of a single Mumbai bidder. One parcel, Survey No. 442 (Hissa 13-B), drew two bidders and fetched over ₹10 lakh against a reserve of ₹9. 41 lakh. The remaining three plots were won by the sole Mumbai bidder; the published reserve figures for those lots were markedly lower in previous rounds. These parcels had a history of repeat failures in auctions stretching back decades: the larger tracts had failed two to three times, a smaller parcel attracted minimal interest, and another saw erratic bidding, including a high-profile cancelled bid in 2024.

Quick reference: single-list summary of the four parcels sold

• Survey No. 442 (Hissa 13-B): fetched over ₹10 lakh; reserve ₹9. 41 lakh; two bidders present.
• Survey No. 533: reserve listed previously near ₹15, 440; won by sole Mumbai bidder.
• Survey No. 453 (Hissa 13-B): reserve listed previously near ₹8 lakh; won by sole Mumbai bidder.
• Survey No. 617 (Hissa 13-B): won by sole Mumbai bidder; the same parcel had a ₹2. 01 crore bid in 2024 that was later cancelled after non-payment.

The 2024 cancellation was the work of a bidder, Ajay Srivastava, who had previously participated in auctions years earlier and had acquired other properties linked to the family in 2020, establishing a trust after buying an ancestral bungalow in Mumbake village. Srivastava is engaged in a separate, long-running legal dispute with the heirs of Haseena Parkar; that matter remains before the Bombay High Court and has limited his ability to take physical possession of prior acquisitions. The March 5 sale now moves to a payment and confirmation phase governed by SAFEMA rules and the timeline set for early April 2026.

What If the Buyer Fails to Complete Payment?

The auction process and recent history show that winning a bid is not the final step: payment completion is required for confirmation, and non-payment has previously led to cancellations and fresh auctions. The cancelled ₹2. 01 crore bid in 2024 prompted the authorities to reoffer parcels, and legal entanglements have delayed takeovers of other properties even after successful bids. The Mumbai bidder in March must fulfil the payment obligation by early April 2026 to convert the sale into final ownership; failure to do so would reopen the path to another auction and extend the cycle of failed transfers.

Beyond immediate payment, two friction points could affect the handover of these plots. First, past auction winners have sometimes been unable to take physical possession because of ongoing litigation; the Bombay High Court currently has unresolved matters tied to prior bidders. Second, the legacy of repeated failed auctions for these specific tracts means local interest and market appetite remain uncertain, which could shape any future resale or transfer strategy the buyer pursues.

This sale represents a procedural turning point: the parcels linked to the family name have finally found a buyer after multiple attempts, but the transfer remains contingent on timely payment and the absence of fresh legal challenges. Observers should expect confirmation or reauction depending on whether the Mumbai bidder completes the required payment by the early April 2026 deadline; until then, the final status of the properties tied to dawood ibrahim will remain in procedural limbo.