India, Oct. 29 -- Four plots in Thane owned by Shree Tirupati Group (STG) have been put up for e-auction at a combined reserve price of Rs.168.96 crore as Rare Asset Reconstruction Company (Rare ARC) moves to recover dues, which amounts to Rs.955.76, from two group companies. The properties, spread across Chitalsar-Manpada and Naupada, together cover 18,863.91 square metres.

The auction comes amid financial distress at the developer, whose proposed 72-storey Star Living tower at Teen Haath Naka remains stalled. STG announced the project in October 2022, billing it as Thane's tallest building. Former India cricket captain Kapil Dev was reportedly among the homebuyers.

The four plots are located along Ghodbunder Road in Chitalsar-Manpada ...