Mumbai: The properties owned by 1993 Mumbai serial blasts accused Tiger Memon and his family are set to be auctioned soon by central authorities. Among them is a flat in Mahim where one of the key conspiracy meetings for the attacks reportedly took place, officials said on Thursday.
The Smugglers and Foreign Exchange Manipulators Act (SAFEMA) Authority has taken possession of eight properties linked to the Memon family. These include three flats in the Al Husseini building in Mahim, where Tiger Memon once lived with his five brothers and their mother. Officials said valuation work is underway, and the auction process is expected to begin by December or January after legal formalities are completed.
Tiger Memon has been absconding since the March 12, 1993 serial bombings that killed 257 people and injured hundreds across Mumbai. His brother, Yakub Memon, was executed in 2015 for his involvement, while other family members received prison terms from the special TADA court.
According to the CBI, one of the conspiracy meetings for the blasts took place in a Mahim flat owned by the family. These flats, located on the fifth and sixth floors, were sealed 34 years ago and reopened only in April this year.
In total, 17 properties belonging to the Memon family were listed by the special court. Of these, eight have been seized, four remain under litigation, and five are still in the process of being taken over.
Among the most valuable assets is a 10,000-square-metre land parcel in Vakola’s Kole Kalyan area, valued at around ₹400 crore. SAFEMA is also working to secure other properties, including a Bandra flat, two in Kurla’s Kapadia Nagar, and four shops in south Mumbai’s Manish Market.
