Sahara's 4700 acres land up for sale

Over 4,700 acres held by the Sahara Group across 14 states have been put on the block by HDFC Realty and SBI Capital Markets. The sale is expected to get around Rs 6,500 crore. Sahara claims it has a total land bank of 33,633 acres. Of this, Aamby Valley City near Lonavala accounts for 10,600 acres. About 1,000 acres is spread across towns and cities of Uttar Pradesh. Sahara chief Subrata Roy has been in Tihar jail since March 2014. Early this month, the Supreme Court released him and group director Ashok Roy Choudhary on parole for four weeks.