10 Sahara assets put on auction

Tasked by market regulator Sebi to sell land parcels of Sahara, HDFC Realty and SBI Capital Markets will e-auction a total of 10 properties owned by the beleaguered group at a reserve price of nearly Rs 1,200 crore.

In a public notice issued on Thursday, HDFC Rea-lty said it will e-auction as many as five land parcels on July 4 between 11 am and 12 pm. These properties will fetch ar-ound Rs 722 crore at reserve price. SBI Cap will also e-auction five land parcels on July 7 between 10.30 am and 11.30 am at a reserve price of Rs 470 crore, it said in a separate notice.

These properties are located in Andhra Pradesh, Tamil Nadu, Madhya Pradesh, Chhattisgarh, Gujarat and UP. The assets being sold include both agricultural and non-agricultural land.

Interested bidder can inspect these land parcels between June 8 and June 10. As per the Supreme Court directions, these properties cannot be sold at less than 90 per cent of circle rates.