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Time of India

Did you know: THIS Bollywood star purchased Vijay Mallya's Goa pad; paid Rs 73 crore for the luxury mansion

Vijay Mallya was back in the news this past week after his team RCB picked up the IPL trophy this season. The big win coupled with nostalgia swirling, attention once again turned to the high-profile assets he once owned, particularly the villa where Goa's most opulent parties unfolded. Among the many reports that resurfaced on the internet was the sale of his sprawling mansion, the iconic Kingfisher Villa in Goa. After the businessman landed into trouble, his plush pad found a new owner in Bollywood actor and entrepreneur Sachiin Joshi . Renamed King's Mansion, the 12,350 sq. ft. sea-facing estate in Candolim was sold in 2017 for Rs 73.01 crore. Interestingly, this paycheque was significantly lower than its original reserve price of over Rs 90 crore. The off-market sale was reportedly finalised through a private treaty, sources confirmed to PTI. This was reportedly acquired after multiple failed auction attempts by banks trying to recover dues from the businessman. 'Secured creditors have the right to go for a private treaty if the auction route fails,' a person familiar with the matter told PTI. Sprawled across a lush three-acre plot, the estate includes landscaped gardens, open-air dance floors, artificial ponds, and private swimming pools. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Windows Users Don't Forget To Do This Before Sunday Read More Undo 'Today is the day I open the gates to the world,' Joshi said in a statement, officially unveiling the property under its new name - King's Mansion. 'The brand connection from King's Beer and the inherent grandeur of the property made the choice clear.' Joshi, who rose to prominence through films like Azaan and Jackpot, is also a businessman with interests in alcohol, hospitality, wellness, and entertainment. His business ventures include King's Beer, a local favourite in Goa—creating a fitting brand extension in the rechristened mansion. Check out our list of the latest Hindi , English , Tamil , Telugu , Malayalam , and Kannada movies . Don't miss our picks for the best Hindi movies , best Tamil movies, and best Telugu films .