Kingfisher Villa in Goa has been sold to this big shot businessman
ET reported that the bungalow was sold to film production company Viiking Media & Entertainment, which is owned by actor-businessman Sachiin Joshi.
reported that Joshi paid slightly more than the property’s previous reserve price of Rs 73 crore and that SBI chairman Arundhati Bhattacharya had confirmed the sale took place.
The prime property is located in Goa’s Candolim and had become legendary for the parties that the high-flying Mallya threw at the villa.
Three previous attempts to auction off the property at Rs 85.29 crore, then Rs 81 crore and finally Rs 73 crore previously failed.
The last attempt to sell the property was on March 6.
Mallya owes over Rs 9000 crore to lenders and has been declared as willful defaulter after Kingfisher Airlines was grounded in 2012.