Supreme court allows Sahara to sell parcels of Aamby Valley till May 15
Updated : April 19, 2018 08:00 PM IST
Spread over 8,900 acres, the Aamby Valley property is to be sold by splitting it into saleable parcels of land as there were no takers for the purchase of the entire Valley.
The Sahara India Real Estate Corporation Ltd (SIRECL) and the Sahara Housing Investment Corporation Ltd (SHICL) had raised Rs 24,000 crore through optionally fully convertible debentures in 2007 and 2008.
The top court by its August 31, 2012 order directed Sahara to refund this amount with 15% interest.