New Delhi: As it tries to raise funds for securing release of chief Subrata Roy from Tihar jail, Sahara group today sold a big land parcel in Gurgaon near here for Rs 1,211 crore to realty firm M3M India Ltd.

The group is also believed to have clinched deals for sale of two more land parcels (one in Vasai, Mumbai and another in Jodhpur, Rajasthan) for over Rs 1,250 crore, while talks are in the final stages for sale of a Pune land tract. An official announcement is yet to be made for these two deals.