Third time unlucky

Kingfisher Villa, owned by Vijay Mallya, in Goa failed to get a buyer a third time

Once a destination of India’s most sought after parties, Kingfisher Villa, owned by former “King of Good Times”, Vijay Mallya, in Goa failed to get a buyer a third time. Banks, which are auctioning Mallya’s properties, were expecting the sea-front property to fetch upwards of Rs 70 crore. Mallya, who has been in London since defaulting on the Rs 9,000-crore loan taken by Kingfisher Airlines, had blamed everyone for the shutdown of the airline including engine suppliers, Pratt & Whitney, and government policies.