SBI starts auction of Mallya's Kingfisher House
Mumbai: Lenders to long-grounded Kingfisher Airlines, owned by
beleaguered businessman Vijay Mallya, today began auctioning the KFA
headquarters - Kingfisher House -situated near the domestic airport
here.
The property, with a built-up area of over 17,000 sq ft in Vile Parle area, is being auctioned by SBICAPS Trustee, a subsidiary of SBI Caps through an e-auction.
The auction is being conducted on e-auction property platform, Auction Tiger. The base price for the property has been set at Rs150 crore. The auction is being conducted under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (Sarfaesi), 2002.
The property, with a built-up area of over 17,000 sq ft in Vile Parle area, is being auctioned by SBICAPS Trustee, a subsidiary of SBI Caps through an e-auction.
The auction is being conducted on e-auction property platform, Auction Tiger. The base price for the property has been set at Rs150 crore. The auction is being conducted under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (Sarfaesi), 2002.
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