MUMBAI: While auctions of several assets of defunct Kingfisher Airlines failed to attract even a single bidder, the plush sea-facing Kingfisher Villa in Goa has elicited interest from at least half-a-dozen players in the hospitality industry and a media group.
The 17-lender consortium led by State Bank of India, which took physical possession of the property in May this year after a long legal battle with United Spirits over tenancy rights, is auctioning it on October 19.
Lenders have fixed a reserve price of ₹85.29 crore for the 12,350 sq m mansion, owned by United Breweries Holdings and mortgaged by the now-grounded Kingfisher Airlines in 2010 to the consortium of banks to obtain loans.
Lenders had opened the villa for inspection to interested bidders in two slots — September 26-27 and October 5-6.
“The response was good. Nearly 6 to 7 parties have visited the villa,” a source said.