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Wednesday , 13 December 2017
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37,000 crore Aamby Valley gets only two bidders

Newspatrolling: With a super massive price tag of Rs 37,392 crore, experts had already predicted that selling Aamby Valley would be no easy task. And now the predictions seem to be coming true, as only two bidders have expressed willingness to participate in the auction of Aamby Valley. It may be recalled that the Supreme Court had ordered the auction of Aamby Valley after its owner Sahara Group had failed to pay the penalty imposed on it. Sources said that only two parties have submitted their KYC details, which is the mandatory first step to take part in the auction of Aamby Valley. Details of the two parties could not be ascertained since the auction is being conducted in a highly secure manner under the observation of the Supreme Court. Bidders have to work as per a strict confidentiality rule, which is why they have refused to reveal their identity.

However, as per sources, the two bidders appear to be two separate consortiums of investors and corporates. Experts have already stated earlier that it won’t be possible for a single entity to purchase such a massive property. The Aamby Valley is an integrated hill city township spread over 6,761.6 acres near Lonavala in Pune district in Maharashtra. Experts opine that the buyers could only be from wealthy countries such as Japan or China. It is also possible that some Indian industrialists may plan to buy Aamby Valley. For the purpose of the auction, the Aamby Valley has been described as an ultra-exclusive chartered city that comes with timber chalets, modern villas, golf course, hospital, school and airport, among other amenities.

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