In 1884, Sir Adamji Peerbhoy (1845–1913), a well known philanthropist from Mumbai, India, built several properties (a Bohra kabrastan (cemetery/burial ground)), masjid, Senatorium, and Amanbai Charitable Hospital later known as Saifee Hospital on Charni Road opposite the railway station. He wanted to provide a safe haven for the travellers, poor, or needy to rest, use the masjid for prayers, or the hospital if they needed it. After Sir Adamjee Peerbhoy's death, his grandson Akbar, against the wishes of the family, converted the properties into a trust. The family resisted the change, but Akbar had a lot of influence.
He was the son of Abdul Hussein Peerbhoy (who was the second out of seven children of Sir Adamjee Peerbhoy, who had engineered and build the Matheran Hill Railway. The property was out of the hands of the Peerbhoy family and into the hands of the trustees. The trustees were later on changed by the Syedna (leader of the Dawoodi Bohras) and the new trustees handed over the property to the Syedna. The property was built for the benefit of the poor and the needy. The property still exist on Charni Road and is still under the name of Sir Adamji Peerbhoy.