SEBI has frozen the assets and bank accounts of Sahara group firms, affecting key real estate projects including Aamby Valley due to compliance failures with a Supreme Court order.
Sahara claims to have refunded real estate investors, citing Rs. 2,620 crore paid to SEBI and an additional Rs. 2,500 crore. Supreme Court granted more time, while SEBI's request for a specific bench was denied.
Sahara India Pariwar, an Indian real estate company, has acquired a 75% stake in New York's iconic Plaza Hotel, valued at $575 million.
Sahara Prime City announces a mega township project in Coimbatore, featuring nearly four thousand new homes including apartments, houses, and bungalows.