North India Statesman
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Sahara complex: There was a time when Sahara India had a lot of name. From his business to the cricket team, there was only support everywhere. But it is said that the time is not always the same. Today, another major fort of the same Sahara Empire is on the verge of collapse.
This news is directly from Lucknow, which used to be a stronghold of Sahara. One of the most well-known areas of the city, the famous ‘Sahara Bazaar’ located in Kapurthala is now going to be sold. Yes, Union Bank of India has issued a notice to auction this entire commercial building.
After all, why did this situation come?
The story is old. Sahara Group took a big loan from the bank several years ago. Due to non -payment of loan on time, interest increased and today this amount has been more than Rs 200 crore. Now to recover its money, the bank has no other way but to sell this building.
What will happen now?
The bank has kept the initial price of Rs 85.66 crore for this auction. This means that the dialect will start from here. It is being told that this auction will be done online in the month of November this year.
This news is not just about the sale of a building. This is a sign of the end of the era when this market used to be one of the most Gulzar places in Lucknow. There are about 270 shops in this complex, and its sale adds another page to the story of Sahara Group coming on the floor.
