HDFC Realty, tasked by SEBI to sell land parcel of Sahara, is going to e-auction five properties on July 4, owned by the beleaguered group at a reserve price of Rs 722 crore.

HDFC Realty is asked to auction a total of 31 land parcels at Rs 2,400 crore whereas an auction of another 30 land properties has been asked to SBI Cap with an estimated market value of about Rs 4,100 crore.

The Supreme Court had asked The Securities and Exchange Board of India (SEBI) to initiate the process of selling Sahara properties whose titles have been deposited with it by the group and the SEBI has roped in HDFC Realty and SBI Capfor this purpose.

HDFC Realty has said in a public notice that it will e-auction as many as five land parcels on July 4 between 11 am and 12 pm. These properties are going to fetch around Rs 722 crore at reserve price.

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