Vijay Mallya’s Kingfisher House sold for ₹52.25 crore in ninth attempt

Businessman Vijay Mallya’s Kingfisher House at Vile Parle in Mumbai was finally sold to Hyderabad based Saturn Realtors for ₹52.25 crore in the ninth attempt by the Debt Recovery Tribunal. Kingfisher House was once the headquarters of the now defunct Kingfisher Airlines owned by Mallya, who is accused of fraud and money laundering allegedly amounting to around ₹9,000 crore.

Saturn Realtors paid ₹2.612 crore as stamp duty to Maharashtra government for this deal. The deal was registered on July 31 last month.

This 2401.70 square metres property outside the Mumbai airport has been up for grabs since 2016. The Debt Recovery Tribunal, Bengaluru sold this house– after failing in the previous eight attempts– at a fraction of the initial reserve price of ₹135 crore.