Nobody has filed bids to buy the house of tainted business tycoon Vijay Mallya as the State Bank of India has closed the online auction. The ‘Kingfisher House’ at Andheri in Mumbai was put on e-auction on Thursday by a 17-bank consortium that the former ‘King of Good Times’ owes Rs 6,963 crores to.
The base price for the property was set at Rs 150 crores and the auction was conducted online. The consortium is led by the State Bank of India.
The Vile Parle building, with a built-up area of over 17,000 sq ft, was auctioned by SBICAPS Trustee, a subsidiary of SBI Caps.