 "Auction for the Valley (pictured) has been initiated even after a Mauritius-based investor said it has offered to invest over Rs 10,700 crore in the project")
A Supreme Court-ordered auction process has begun for the embattled Sahara group’s luxurious Aamby Valley resort town, with the official liquidator inviting bids at a reserve price of Rs 37,392 crore.
The auction process has been initiated even after a Mauritius-based investor, Royale Partners Investment Fund, said last week that it has offered to invest $1.67 billion (over Rs 10,700 crore) in the project.
The official liquidator of the Bombay High Court published an auction notice on Monday, inviting prospective bidders for the integrated hill city township spread over 6,762 acre near Lonavala in Pune district, as also two land parcels measuring
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