Vijay Mallya’s Kingfisher House sold  to Saturn Realtors for Rs 52. 25 crore

by Business | 14-08-2021 | 1465 views

Finally 'Kingfisher House house' has been sold, the erstwhile headquarters of Vijay Mallya-owned and now-defunct Kingfisher Airlines, to a Hyderabad-based private developer for Rs 52 crore. Saturn Realtors has bought the property at a fraction of the original asking price. This comes after lenders failed to find a buyer even after multiple attempts to sell Kingfisher House in past.

According to real estate industry experts, the banks had originally fixed an unrealistic reserve price as the property had several limitations. Being at the outskirts of the Mumbai airport, there is not much scope to develop the property. The building includes a basement, a ground floor, an upper-ground floor and an upper floor, measuring a total of 1,586 square meters. 

 

 

 

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