One buyer snaps up four Gupta homes

Park Village Auctions (PVA) has confirmed that one buyer has purchased three of the Guptas' properties in Saxonwold Drive for 47% less than they were valued.

- Tshehla Cornelius Koteli

The three houses were owned by a company called Confident Concept, linked to the three Gupta brothers, Ajay, Atul and Rajesh. After they fled South Africa, the company entered business rescue.

PVA director Clive Lazarus said the three properties were sold for a combined R34.5 million, a massive discount from the R64.5 million they were valued at.

The properties at Nos 3, 5 and 7 Saxonwold Drive in Sandton were sold, along with furniture and appliances.