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Properties in news | Rana Kapoor's posh Mumbai, Delhi homes may go under the hammer

Some of these properties will be auctioned if the former banker fails to pay his dues to Indiabulls within the next two months.

These are perhaps the most expensive addresses in the country and may go under the hammer if their embattled owner Yes Bank founder Rana Kapoor fails to repay Indiabulls within the next two months.

A two-storey residential building known as Khursheed-Abad on Altamount Road, Indiabulls Blue Tower B and C in Worli and three duplexes in Sesen, Napean Sea Road in Mumbai and 40, Amrita Shergill Marg in what has come to be known as New Delhi’s billionaires’ row could be on the block in the coming days.

Indiabulls Housing Finance and Indiabulls Commercial Credit Ltd have served notices to its borrowers under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Sarfaesi). The loan default against the Mumbai properties is about Rs 650 crore.