Politics and Nation

Move over Vijay Mallya, he is the new king of good times

Vijay Mallya, who?BCCL
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Vijay Mallya, who?
As the Indian government in making effort to bring back defaulter businessman Vijay Mallya, the bankers' consortium has been able to sell his house in Goa and recover Rs 73 crore.

After several failed attempts to auction Mallya House, finally, actor Sachiin Joshi has bought the Kingfisher Villa, in what is being said as a private deal.
Meet the new king
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Meet the new king
According to reports, Joshi has agreed to pay Rs 73.01 crore for the property, marginally higher than its reserve price. Initially, in 2016 it was priced at Rs 86 crores, the first time when the villa was put up for auction.

Unable to find a bidder, the price was reduced to Rs 81 crores in December, but the result remained the same.
Business man turned actor
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Business man turned actor
The 32-year old actor's website describes him as the vice chairman of JMJ group of companies which is the holding company for all his diverse business interests.
Proud owner of Viking Media and Entertainment
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Proud owner of Viking Media and Entertainment
The website describes his business interest as ranging from Fitness Centres to Health space.

Joshi, who owns Viking Media and Entertainment, has starred in Hindi movies including Aazaan, Mumbai Mirror and Jackpot.
Finally there is a new owner
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Finally there is a new owner
The sea-facing palatial villa, situated in Candolim, Goa, had earlier attracted interest from at least half a dozen players in the hospitality industry and a media group, when it was opened for inspection to interested bidders.

However the reserve price of Rs 85 crore did not result in any buyers. Subsequently, lenders made another attempt to sell the Villa in December when they brought down the price to Rs 81 crore, again without success. The last auction took place in March 2017 when with a lower reserve price of Rs 73 crore.
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