Sahara properties to be auctioned at Rs 722 cr reserve price - Dollar Advisory & Financial Services

Thursday, 2 June 2016

Sahara properties to be auctioned at Rs 722 cr reserve price

Tasked by business sectors controller Sebi to offer area packages of Sahara, HDFC Realty will e-closeout on July 4 five properties possessed by the ambushed bunch at a store cost of Rs 722 crore.

HDFC Realty has been solicited to sell an aggregate from 31 land packages at Rs 2,400 crore, while SBI Top has been tasked to sell another 30 land properties with an expected business sector estimation of about Rs 4,100 crore.

The Securities and Trade Leading group of India (Sebi) restricted in HDFC Realty and SBI Top in the wake of being asked by the Preeminent Court to start the procedure of offering Sahara properties whose titles have been kept with it by the gathering.

Taking after a thumbs up from the Court, the two elements have set up a component to sell these properties. In an open notification issued today, HDFC Realty said it will e-closeout upwards of five area bundles on July 4 between 11 am and 12 pm. These properties will get around Rs 722 crore at store cost.

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