Vijay Mallya’s Kingfisher Villa Sold To Actor Sachin Joshi

0

Vijay Mallya’s Kingfisher Villa Sold To Actor Sachin Joshi: Vijay Mallya’s Kingfisher Villa was finally sold to Actor and businessman Sachin Joshi. There were multiple auctions failed to find any bidders of the Villa.

Businessman, Vijay Mallya once owned the Kingfisher Villa. He did not repay his loan amount taken for Kingfisher Airlines. So, the Kingfisher villa was taken by the lenders, State Bank of India in May 2016.

The Villa is of 12,350 SQ Mt facing the sea where Mallya used to host the parties. The Villa is in Candolim, Goa which has spacious rooms inside it and also has a swimming pool, lawn and dance floor.

Vijay Mallya’s Kingfisher Villa Sold To Actor Sachin Joshi

Earlier, more than half a dozen buyers from the Hospitality industry and media group has shown interest. But, when the reserved price of the villa is 85 crores, no one has shown interest. Next, they lowered the price to 81 crores which also failed in attracting buyers. Finally, the auction took place in March 2017 for 73 crores which

Next, they reduced the amount to 81 crores which also failed in attracting buyers. Finally, the auction took place in March 2017 for 73 crores which also failed. Next, they lowered the price to 81 crores which also failed in attracting buyers. Finally, the auction took place in March 2017 for 73 crores which also failed.

Vijay Mallya's Kingfisher Villa Sold To Actor Sachin Joshi
Vijay Mallya’s Kingfisher Villa Sold To Actor Sachin Joshi

The Kingfisher Villa of Vijay Mallya was sold to Sachin Joshi who owns film production company, Viking Media, and Entertainment. A 32-year-old actor, Sachin Joshi is the vice chairman of JMJ group of enterprises. The company holds different business activities.

His business activities range from fitness centers to health space. Sachin Joshi starred in many Hindi movies which include Aazaan, Mumbai Mirror, and Jackpot.

Sachin Joshi paid more than 73 crores for Kingfisher Villa. SBI chairman, Arundhati Bhattacharya officially confirmed the villa was sold. But, she did not tell the details who owned Kingfisher Villa.