On hearing the name of ‘Kingfisher’ in India, two things come to the mind – either alcohol or closed Kingfisher Airlines. The owners of these two, Vijay Mallya, have been declared fugitives from India. One of Mallya’s assets was his highly luxurious Kingfisher Villa of Goa, which was to be auctioned to repay the debt of banks. Now a new owner of this grand bungalow has been found, and he is none other than Bollywood’s most beloved and power couple Katrina Kaif and Vicky Kaushal Are!

Long journey of Mallya’s luxurious villa:

This property of Vijay Mallya is an iconic and highly luxury villa located in Candolim, Goa, Goa. After Mallya’s bank default, it was seized by banks and auction was done several times, but it could not find any buyer. At one time its price was kept more than Rs 85 crore, but every attempt to auction was failing. According to reports, the God of Cricket Sachin Tendulkar also showed interest in it, but the matter was not made.

Anil Aggarwal of Vedanta Group made a bid of Rs 73 crore in 2017, but the deal could not be completed due to some legal complications. After this, the Consortium and Enforcement Directorate (ED) of Indian banks, which is responsible for the recovery of Mallya’s seized property, were also making every effort to sell it.

Katrina and Vicky Kaushal wrote a new story:

Finally, this expensive villa has been bought by Bollywood’s famous actress Katrina Kaif and her husband Vicky Kaushal for Rs 73.10 crore. The couple has registered this magnificent property in his name and has also given it a new name – ‘King’s Mansion’Katrina and Vicky’s secret will now be held on this most magnificent prime location villa of Goa.

The name of this property is also quite symbolic to be ‘Kings Mansion’, because this place was once called ‘King’. Now the couple will make it afresh and it will become a new symbol of their royal lifestyle.

The deal remains a topic of discussion in both Bollywood and business world, as the iconic property of a fugitive businessman is now in the hands of a famous celebrity couple in India.

Read more
Severe Rainfall Causes Disruption Across Kerala
Newspoint
Goa Chief Minister Praises Fathers on Father's Day
Newspoint
The stunning Greek island with 30C heat in July and world's best beach
Newspoint
Africa's new richest person has £11bn fortune - 200 cars and mansion in beautiful city
Newspoint
Abbey Clancy reveals huge family update over ''fifth child'
Newspoint
Drivers could be banned from common manoeuvre in part of UK from September
Newspoint
Gardeners urged to spray washing up liquid on plants
Newspoint
I went to a European city where almost everyone is a millionaire and I felt right at home
Newspoint
'I've found a ridiculously easy way to make £3,600 - anyone can do it'
Newspoint
Tyrrell Hatton cracks joke about US Open rivals as Rory McIlroy and co humbled
Newspoint