163 Expressions Of Interest For Sahara’s 30 Properties Across India, Including Noida

Sahara Groups advertisements across the country for selling off of 30 properties brought them 59 prospective buyers and 163 expressions of interest. Some of the properties by Sahara in the process of selling are available in Noida while others are spread in other parts of the country including Delhi, Pune, Lucknow, Indore and Chandigarh.

As per the group, they had advertised about the Sahara’s properties sell out two times and to their surprise they have received such response against advertisements. The deals for selling of the houses to the prospective buyers are in process, confirms the Sahara Group.

Adding to this, they also confirmed that buyers’ details have already been submitted to the court but they wish to keep names undisclosed in public.

Meanwhile, Sahara’s Aamby Valley project in Mumbai has been instructed to begin with the selling procedure by the Supreme Court. The Mumbai High Court will be selling of the later project against Rs. 37,000 Crore dues towards SEBI (Securities and Exchange Board of India).

Subrata Roy, the group chairman of Sahara is strictly directed to appear in the court personally in order to clarify the reason for the failure of the payment despite the fact that he was out on bail for last 1 year. Roy had pleaded the court for the bail for his mother’s death and at the same time he also told the court that he would not be able to arrange for the money if he continues to remain in jail. And thus, the bail was granted to him.

So far, Sahara has cleared merely Rs. 10,000 crore dues towards SEBI and the rest of the dues, as offered by Roy, are most likely to be paid by the end of 2018. However, the offer was rejected by the court.