MUMBAI: Kingfisher Home, the erstwhile headquarters of the bankrupt airline based by Vijay Mallya, has been bought to a non-public developer Saturn Realtors for Rs 52 crore.
The sale has taken place at a fraction of the unique asking value after the lender did not discover a purchaser regardless of holding a number of auctions throughout a number of years.
In accordance with actual property trade specialists, the banks had initially mounted an unrealistic reserve value because the property had a number of limitations. Being on the outskirts of the Mumbai airport, there’s not a lot scope to develop the property.
The constructing features a basement, a floor flooring, an upper-ground flooring and an higher flooring, measuring a complete 1,586 sq. meters. It’s housed on a 2,402-sq-mtr plot.
The sale has taken place at a fraction of the unique asking value after the lender did not discover a purchaser regardless of holding a number of auctions throughout a number of years.
In accordance with actual property trade specialists, the banks had initially mounted an unrealistic reserve value because the property had a number of limitations. Being on the outskirts of the Mumbai airport, there’s not a lot scope to develop the property.
The constructing features a basement, a floor flooring, an upper-ground flooring and an higher flooring, measuring a complete 1,586 sq. meters. It’s housed on a 2,402-sq-mtr plot.