Mumbai: India’s largest lender, State Bank of India, has one again put Kingfisher House, the corporate headquarters of the defunct Kingfisher Airlines owned by Vijay Mallya on the block with lower reserve price.
The consortium of lenders led by SBI has reduced the reserve price of the property located near Mumbai's domestic airport to Rs 135 crore from the earlier Rs 150 crore as the auction held in March had failed to get even a single response.
SBICAPS Trustee Company, coordinating the auction on behalf of lenders, said “the date for electronic auction is August 04, 2016. The last date for submitting bids is August 1, 2016.”
Reserve price of Rs 135 crore for Kingfisher House with a built-up area of 1, 586.24 square metres, translates to rate of Rs 8.5 lakh per square meters.
The banks also have possession of Mr. Mallya’s popular Kingfisher Villa in Goa, which will also be put on the block soon.
02/07/16 The Hindu
To Read the News in full at Source, Click the Headline
The consortium of lenders led by SBI has reduced the reserve price of the property located near Mumbai's domestic airport to Rs 135 crore from the earlier Rs 150 crore as the auction held in March had failed to get even a single response.
SBICAPS Trustee Company, coordinating the auction on behalf of lenders, said “the date for electronic auction is August 04, 2016. The last date for submitting bids is August 1, 2016.”
Reserve price of Rs 135 crore for Kingfisher House with a built-up area of 1, 586.24 square metres, translates to rate of Rs 8.5 lakh per square meters.
The banks also have possession of Mr. Mallya’s popular Kingfisher Villa in Goa, which will also be put on the block soon.
02/07/16 The Hindu
