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Real Estate Forum on Sahara India Real Estate

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Hi all, do you know that the court on March 26 had asked Sahara to deposit Rs 5,000 crore in cash and Rs 5,000 crore through bank guarantee for release of Roy and the two directors.
Latest Answer: Hi all, Yesterday, i heard the news that Sahara Group is going to deal with billionaire brothers David and Simon Reuben for sale of the iconic Grosvenor House Hotel in London for clear the debt which was taken for it three hotel properties.
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Q: Sahara India Real Estate has been ordered to refund people's money. What are the charges against them? Are they fraud?
Latest Answer: Supreme Court has ordered Sahara India Real Estate and Sahara Housing Investment Corporation to pay nearly 15% interest to over 3 crore investors and has been given 3 weeks deadline for the same. Even Securities Appellate Tribunal ordered Sahara group to refund Rs 24,000 crore for violating real estate securities laws. It is a public issue as they hold shares from more than 50 people.
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