The Demise of Chhota Shakeel's Kin: A Blow to D-Company's Mumbai Operations?
With the sudden death of Arif Bhaijaan, brother-in-law of Chhota Shakeel, the D-Company's stronghold in Mumbai's real estate market is under threat.
D CompanyChhota ShakeelMumbai Real EstateUnderworldDawood IbrahimReal Estate NewsJun 22, 2024
As a key player in the city's real estate market, Bhaijaan had played a crucial role in bringing a large south-based real estate company to Mumbai. This company is currently executing several big-ticket residential and commercial projects, and Bhaijaan's muscle power was instrumental in making rival builders fall in line and evicting stubborn tenants.
Although D-Company is not as active in extortion as it once was, it has diversified into big-time investments in mega real estate projects and other legitimate business activities. However, its muscle power is still needed to maintain its grip on the market. With Bhaijaan's death, the company is facing a major challenge in finding a suitable replacement.
In May 2023, Bhaijaan and his brother Shabbir were arrested by the National Investigation Agency (NIA) in a terror funding case against Dawood, Shakeel, and their associates. The courts denied bail to Bhaijaan due to his involvement with Pakistan-based Islamic terrorist organisations like the Lashkar-e-Taiba.
D-Company is still active in Mumbai's real estate market through proxy companies, and its front companies are executing several projects, including a mega redevelopment project in central Mumbai. The gang is also financing key construction projects and played a significant role in the recent Lok Sabha elections in Maharashtra and Uttar Pradesh.
With Bhaijaan's demise, the question on everyone's mind is - will D-Company be able to find a replacement to maintain its stronghold in Mumbai's real estate market?
Frequently Asked Questions
Who was Arif Bhaijaan?
Arif Bhaijaan was the brother-in-law of Chhota Shakeel and a key player in D-Company's operations in Mumbai.
What was Bhaijaan's role in Mumbai's real estate market?
Bhaijaan played a crucial role in bringing a large south-based real estate company to Mumbai and was responsible for executing D-Company's assignments in the city.
What is the current status of D-Company in Mumbai?
D-Company is still active in Mumbai's real estate market through proxy companies, and its front companies are executing several projects.
What was Bhaijaan's involvement in the terror funding case?
Bhaijaan was arrested by the NIA in a terror funding case against Dawood, Shakeel, and their associates, and was accused of working with Pakistan-based Islamic terrorist organisations like the Lashkar-e-Taiba.
What is the impact of Bhaijaan's death on D-Company's operations?
Bhaijaan's death has raised questions about the future of D-Company's operations in Mumbai, and the company is facing a major challenge in finding a suitable replacement.
Related News Articles
Mumbai Real Estate Market Sees Significant Leasing Activity with Blackrock Services India Pvt Ltd
Whispering Heights Real Estate Private Limited, a joint venture between K Raheja Corp Group and GIC of Singapore, has leased 42,700 sq ft to Blackrock Services India Private Limited for a monthly rent of ₹1.28 crore
Bank of Maharashtra Increases Lending Rates for Loans Over Six Months by 5bps
Bank of Maharashtra has announced an increase in its lending rates for loans with a tenure of more than six months by 5 basis points. This decision comes as part of the bank’s strategy to manage its risk and align with market conditions. Shares of the ban
Maharashtra Assembly Elections: Shiv Sena (UBT) Announces 15 More Candidates
In a significant move, the Shiv Sena (UBT), led by former Maharashtra Chief Minister Uddhav Thackeray, has released its second list of 15 candidates for the upcoming Maharashtra Assembly elections. This step comes amid intense political activity and strat
State Street Leases Office Tower in Mumbai for New Global Capability Center
State Street Corporation, a leading global financial services provider, has leased an office tower from Brookfield Properties near Mumbai's BKC to set up its new Global Capability Center (GCC). This strategic move is expected to bolster the company's real
Amit Shah in Pune: Western India to Drive India's Growth with 120% Effort in Key Sectors
Amit Shah in Pune: Western India to Drive India's Growth with 120% Effort in Key Sectors. Real Estate plays a significant role in this ambitious plan.
ARTIS Real Estate Investment Trust Publishes Impressive 2024 Annual Results
ARTIS Real Estate Investment Trust has released its 2024 annual results, showcasing significant achievements in asset monetization and leverage reduction.