Kingfisher Villa in Goa renamed

December 2017 \ Business & Investment \ BUSINESS AND GOVERNANCE

Kingfisher Villa in Goa renamed

The Kingfisher Villa, formerly owned by absconding tycoon Vijay Mallya

“We have some interesting plans for the place. But the innate point of anything we do here would be to create an experience like no other. The place would denote class and something that’s never been done in India before,” he said.

The villa, when owned by Mallya, hosted some of the most extravagant parties, before the liquor baron, who owes banks thousands of crores left the country.

Joshi bought the Kingfisher Villa for Rs 73 crore in an auction conducted by the consortium of banks led by State Bank of India, to whom Mallya owed money.