Business Standard

Number crunching: Just how much is Sahara's Aamby Valley worth?

The value it is able to derive in the auction holds the key to Subrata Roy's peace and happiness

Subrata Roy
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Subrata Roy, Founder and Chairman, Sahara India at Session Court in Mumbai (Photo: Kamlesh Pednekar)

N Sundaresha Subramanian New Delhi
Last week, the Supreme Court ordered the auction of luxury township Aamby Valley to clear the dues owed by the Sahara group to the Securities and Exchange Board of India (Sebi). Though the Sebi and the Supreme Court had suggested the plan several times in the past, Sahara lawyers had tried to push other ways of repaying the money rather than do anything with the group’s crown jewel.

“The concept of Aamby Valley City has been the long-cherished aspiration of creating independent India's first planned hill city,” the Aamby Valley portal quotes Subrata Roy, managing worker, Sahara India Pariwar. “A

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