 "Nationwide sale")
State Bank of India (SBI) Capital Markets and HDFC Realty will soon take up a nationwide e-auction process to sell properties belonging to the Sahara group. The money raised would go to the Securities and Exchange Board of India-Sahara account. A list of 71 properties was given to with the court in 2013, along with title deeds. Valued by property consultants such as Vastu Kala, GA Advisory, Gandhi Associates and Avi Consultants in November 2013, the properties in 71 locations spread over 7,100 acres were estimated to be worth Rs 20,172 crore. Of these, three worth Rs 11,000 crore are situated in Aamby Valley and are not being taken up for sale and one property in Vasai is already under a separate sale process.
N Sundaresha Subramanian analyses the list that shows 67 properties for sale across 17 states. Of these, 60 properties will go on sale in the first stage. Most are in Uttar Pradesh, followed by Madhya Pradesh and Tamil Nadu. These three states alone account for 57 per cent of the assets on sale in terms of value
N Sundaresha Subramanian analyses the list that shows 67 properties for sale across 17 states. Of these, 60 properties will go on sale in the first stage. Most are in Uttar Pradesh, followed by Madhya Pradesh and Tamil Nadu. These three states alone account for 57 per cent of the assets on sale in terms of value