Aamby Valley

Looking for a villa? You can buy a valley. Going for sale now.

3:21 PM

Looking for a villa? You can buy a valley.
Going for sale now.

If you have the kind of wealth some small nations generate in a year - well,  the Sahara Group's Aamby Valley City is for you.


The Sahara Groups Aamby Valley City
Sahara Group's Aamby Valley City

Ever dreamed of stepping out onto a balcony, taking a moment to the savour the sight of rolling hills and a lush riverfront flanking a pristine waterway... and basking in the knowledge that you own it all?


Well, whip out that chequebook. The Sahara Group's Aamby Valley City in Pune's Lonavala - yes, the one with a price tag of Rs 37,392 crore - is on sale, in case you're interested.

To put things in perspective: That amount - roughly US $ 5,788,281,600 - is higher than the GDP of some nations. And just by the way, the Sahara Group says it's worth way more: a whopping Rs 1 lakh crore.


If you manage to seal the deal, you'll be the master of a 6.76 lakh acre township with "timber chalets" and customised villas."

There's a golf course.

If you sprain your knee after a particularly enthusiastic swing of the club, no worries, there's a hospital.

Want to travel to Delhi for treatment? There's an airport.


So, why is all this up for grabs?

Well, earlier this year, the Supreme Court ordered that the township be auctioned.

The top court rejected the Sahara Group's proposal to repay investors by July 2019. The proposed payment plan was too long, it said.

The Bombay High Court's official liquidator then put out an auction notice.

On September 11, the Supreme Court refused to stay the Aamby Valley auction, even though the Sahara group said Royale Partners Investment Fund had agreed to provide a loan of US $ 1.6 billion (over Rs 10,000 crore) against a security: a 26 per cent share in the Aamby Valley project.

The court directed the official liquidator to go ahead with the scheduled auction, and rejected Sahara Group Chief Subrata Roy's plea for more time.

Well, what are you waiting for? Here are your destinations for more info: 


(Inputs from PTI)



- Edited by Ganesh Kumar Radha Udayakumar

Source :- India Today

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