- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Gaurav Bidhuri, 2017 World Boxing Championship bronze medallist, joined hands with the Del
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
- FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant
- Ecuador ready to make history against Uruguay: Beccacece
Mallya's famed 'Kingfisher Villa' sold for Rs 73 cr Last Updated : 08 Apr 2017 07:21:34 PM IST file photo
A luxurious beach front villa in Goa owned by absconding liquor baron Vijay Mallya has been sold to Bollywood and South Indian film actor Sachiin Joshi, by a group of banks led by State Bank Of India, official sources said here on Saturday.
The property, known as the 'Kingfisher Villa', is situated on the picturesque Candolim Beach, a tourist hotspot.
It had earlier failed to attract buyers on three auction attempts by SBI Caps - which had taken over the possession of the villa - ostensibly since the reserve price wa between Rs 81-85 crore.
For the current sale, the reserve price was fixed at Rs 73 crore and the villa found a buyer in actor-cum-business baron, 33-year old Joshi, of the Mumbai-based Viiking Ventures Pvt. Ltd, said an SBI official who requested anonymity.
The property sale comprises a part of the recoveries due of the Rs 9,000-crore plus amounts including loan and interest outstanding from Mallya who is currently living in the UK since over a year.
The Pune-based JMJ Group of Industries belongs to Jagdish Mohanlal Joshi while his son Sachiin owns the Viiking Ventures Pvt Ltd., headquartered in Andheri.
It is a media & entertainment conglomerate which has varied business interests in beverages including mineral waters and Goa strong beer, media, spas, hospitality and healthcare.
The Kingfisher Villa, reportedly worth around Rs 100 crore, is built on a three acre plot and comprises magnificent bedrooms, artificial ponds and private swimming pools, open air dance floors, lush green gardens with over a score of expensive cars dotting the landscape.
IANS For Latest Updates Please-
Join us on
Follow us on
172.31.16.186