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Banks to again auction Kingfisher House, Goa villa at lower prices
kingfisher villa
Mumbai: A State Bank of India (SBI)-led consortium of banks will, in the coming week, again auction Kingfisher House here and the Kingfisher Villa in Goa, once owned by industrialist Vijay Mallya, at lower reserve prices compared to the three failed previous auctions.
The reserve price for Kingfisher House, once the airline’s corporate office, will be auctioned on Monday at Rs 115 crore, which is 15 per cent lower than the failed second auction held in August, when the minimum sale price was fixed at Rs 135 crore.
The Kingfisher Villa in north Goa will be auctioned on December 22 at a reserve price of Rs 81 crore, which is 5 per cent lower than the auction held in October, when the lenders had tried to sell the sea facing property at Rs 85.29 crore.
The liquor baron left the country in March and is currently said to be living in Britain. Kingfisher Villa, owned by United Breweries Holdings (UBHL), was mortgaged as collateral for loans to Kingfisher Airlines.
Besides these two properties, the banks are also once again auctioning the movable properties worth Rs 15.72 lakh kept at Kingfisher House, on January 5.
These assets include 10 cars, which will be auctioned on an individual basis. Kingfisher Airlines owes around Rs 9,000 crore to the consortium of 17 banks.
Two attempts this year to e-auction Kingfisher House, the airline’s corporate office in Mumbai, ended in failure as no buyer approached SBICap, which is auctioning Mallya’s properties on behalf of the lenders.
The RG Marathon Championship Run 2023 in Goa was a testament to inclusivity. Initially resistant to including persons with disabilities, it eventually featured wheelchair and standing categories, thanks to advocates’ efforts. Participants showed exceptional determination, emphasizing unity in diversity. Despite challenging weather, they demonstrated the power of community support, highlighting the need for accessibility and inclusion in all state-level events in Goa.
Following the marathon, a gathering of differently-abled individuals, predominantly wheelchair users, convened for a celebratory lunch at Barzilla. The event, orchestrated by Mr. Shariq Khan and Mr. Zain Aftab, proprietors of Barzilla, honored the birthday of Sadaf Fatima, who also uses a wheelchair and is Mr. Shariq Khan’s wife.
The lunch featured esteemed guests including the Tourism Minister of Goa, MLA Rohan Khaunte of Porvorim, Social Welfare Minister Subhash Phal Desai, and the State Commissioner for Persons with Disability in Goa, Guruprasad Pawaskar. The event was impeccably hosted by Ms. Falak Fatima and Mr. Adarsh Parashar, offering activities such as Karaoke and Billiards. The youth of Goa exhibited their unwavering support for the community, making the party an unequivocal success.
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