Dedicated To Mumbai
Home > Business & Investment > Banks to again auction KF House, Villa this week

Banks to again auction KF House, Villa this week

Monday, December 19, 2016
By A Business Reporter

Two plush properties belonging to troubled businessman Vijay Mallya, Kingfisher House in the city and Kingfisher Villa in north Goa, will be re-auctioned this week by the 17-lender consortium at lower reserve prices compared to the failed previous three auctions. The reserve price for over 17,000 sqft Kingfisher House near the airport will be auctioned on Monday at Rs 115 crore, which is 15% lower than the failed second auction held in August, when the minimum price to sell the asset was fixed at Rs 135 crore.

At the first auction of the erstwhile headquarters of Kingfisher Airlines in March, the lenders had kept the reserve price at Rs 150 crore. The prime property, which has a built-up area of over 17,000 sqft and is located in the plush Vile Parle area near the domestic terminal. The Kingfisher Villa at Condolim in north Goa will be put under the hammer on December 22 at a reserve price of Rs 81 crore, which is 5% lower than the auction held in October, when the lenders had tried to sell the sea facing property at Rs 85.29 crore. The villa was once used by Mallya to host lavish parties. Previous auctions of both these properties failed as none of the bidders came forward, citing higher reserve prices.

Facebook
COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
Email:    
Comments:
 
I recently got married. The few times I tried to
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Intense work activity will take its toll. Keep your cool and control outbursts. You can earn more respect and confidence by being tolerant. Occupy yourself with day-to-day work as anything new you try could face snags. At leisure do something that you enjoy. The frosty atmosphere is something you are not used to but be tolerant for the sake of your beloved who has in the past stood through thick and thin with you.
- Advertising -
Some may call them over-the-top, but these trends
They say Slazenger Watches are the ultimate compa
Every group has one person who is always late, ev
Read More