Lenders to Auction Kingfisher Villa Today, Here’s its Price


The 17-landers consortium drove by State Bank of India will sell the Kingfisher Villa, the sea-facing plush property once-owned by the beleaguered Vijay Mallya in Goa, today.

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The save cost for the property, which once was utilized by Mr Mallya to host lavish parties, has been set at Rs 85.29 crore.

Lenders had taken the ownership of the villa in May this year after an extended fight in court with United Spirits more than occupancy rights.

The owned was possessed by United Breweries Holdings, one of the Mallya aggregate organizations and was sold by the now-grounded Kingfisher Airlines to the consortium of banks to get credits in 2010.

Lenders had opened the villa for assessment to intrigued bidders in two slots – September 26-27 and October 5-6. In the four days amid which the property was thrown open, around about six substances had gone to the palatial manor.

"The reaction was great. About six to seven parties from the hospitality business and a media association have gone to the villa," a source had prior told to a news agency.

SBICap Trustees, which is selling the property for the benefit of the loan specialists, said the e-sale will incorporate just the enduring part of the villa and not its versatile resources.

Mr Mallya owes over Rs 9,000 crore to moneylenders like SBI, PNB, IDBI Bank, BoB, Allahabad Bank, Federal Bank and Axis Bank, among others.

He had left the nation in March and is right now said to be in Britain, having resisted a few court requests to come back to India.

The moneylender’s endeavors at offering other KFA properties including a luxury private stream and brand kingfisher too the Kingfisher House in Mumbai all met with rehashed disappointment.

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