AAMBY VALLEY AUCTION BEGINS AT RESERVE PRICE OF 37,000 CRORE

The Bombay High Court has put up Sahara Group’s Aamby Valley project at Lonavala for an auction. The auction of the property, whose reserve price has been kept at `37,000 crore, will be the largest public sale of real estate in the country. Sebi and Sahara Group have been locked in a battle over refund of money raised by two group companies from the public without getting approvals.