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Twentyfive persons were injured when the four-storeyed Adhukia building caught fire at Bhuleshwar in south Bombay at 07:30 hours IST on Thursday.
The police said that the injured were admitted to J J hospital and G T hospital.
Fire Brigade sources said 12 fire engines battled the blaze.
The building, in a highly populated area with narrow bylanes, housed some jewellers.
The cause of the fire is not yet known, the police said, but added that property worth lakhs had been destroyed.
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