Champagne, lawsuits, and a Goa mansion that saw it all—India’s most notorious bungalow is back in the spotlight.
The Juicy Stuff First:
- Originally owned by liquor tycoon Vijay Mallya
- Located in Candolim, North Goa – a beachside luxury property
- Known for wild celebrity parties and high-profile guests
- Seized by banks after Mallya’s financial collapse
- Bought by Bollywood actor Sachiin Joshi in 2017
- Renamed from “Kingfisher Villa” to “King’s Mansion”
- Now used for events, shoots, and high-end hospitality
The Glory Days: When Kingfisher Meant More Than Beer
Let’s rewind. The Kingfisher Villa wasn’t just a beachside property — it was a status symbol. Owned by Vijay Mallya, aka “The King of Good Times,” the villa was a hotspot for private parties featuring Bollywood celebrities, models, industrialists, and international socialites.
The 12,350 sq. ft. mansion sat on three acres of land with:
- A massive open-air dance floor
- Lush green lawns and water features
- Personal bar lounges and pools
- A beachside vibe straight out of a luxury magazine
It was the kind of place where deals were made over Dom Pérignon and parties ended at sunrise.
The Downfall: When the Music Stopped
Vijay Mallya’s empire started crumbling when Kingfisher Airlines defaulted on loans, and the financial skeletons tumbled out of the liquor closet. By 2016, he owed over ₹9,000 crore to a consortium of banks. When he fled to the UK, his Indian assets were frozen, including this dream property.
The Kingfisher Villa was seized by banks and put up for auction multiple times — but despite all the hype, buyers didn’t bite at the high asking price. The lavishness came with baggage.
Enter Bollywood: Sachiin Joshi Buys the Mansion
In 2017, Bollywood actor and businessman Sachiin Joshi stepped in. Known for films like Jackpot and a beer brand called “Kings,” he placed the winning bid of ₹73.01 crore and became the new owner of the villa.
He renamed it “King’s Mansion,” a clever nod to both royalty and his beer label. Talk about brand synergy.
Alongside him is his wife, Urvashi Sharma, a former actress turned entrepreneur. The couple reportedly planned to use the property for:
- Private events
- Destination weddings
- Film and ad shoots
- High-end stays
Basically, they kept the party spirit alive—just with a better business plan and fewer court cases.
What Everyone’s Asking: FAQs You Didn’t Know You Needed
| Question | Answer |
|---|---|
| Who owns Kingfisher Villa now? | Actor-producer Sachiin Joshi owns it since 2017. |
| How much did it sell for? | ₹73.01 crore in a bank auction. |
| Why was it sold? | It was seized due to Mallya’s unpaid bank loans. |
| Is it still called Kingfisher Villa? | No, it’s now called King’s Mansion. |
| Can you visit or rent it? | Yes, it’s used for events and luxury hospitality. |
| Is Mallya still involved in any way? | Nope. He’s in the UK fighting extradition cases. |
A Mansion Fit for a Movie
The King’s Mansion isn’t just a building. It’s an entertainment playground. With renovations and rebranding, the place has evolved from party pad to luxury villa.
Today, it offers:
- Designer interiors blended with Goan charm
- Lush outdoor lawns for destination weddings
- Indoor spaces ideal for fashion shoots
- Ocean breeze, royal vibes, and business opportunities
You can say the villa is in its second life—and thriving.
A Tale of Two Kings: Mallya vs. Joshi
Here’s a quick comparison of the two “Kings” of the mansion:
| Vijay Mallya | Sachiin Joshi |
|---|---|
| Liquor baron & airline founder | Actor & beverage businessman |
| Hosted wild celebrity parties | Uses the mansion for business events |
| Fled India over loan fraud | Bought the mansion legally |
| Faced multiple failed auctions | Won the bid in one clean shot |
| Loved the spotlight | Loves the camera too (literally) |
The Symbolism: More Than Just Real Estate
The story of this mansion mirrors the arc of India’s changing elite. Once a symbol of unchecked luxury, the Kingfisher Villa has now become a cautionary tale — and also, oddly enough, a profitable hospitality venture.
For the public, it remains:
- A reminder of Vijay Mallya’s rise and fall
- A curiosity on real estate websites
- A popular trivia item on “who owns what now”
- A backdrop for cinematic content
It’s the kind of property where even the walls probably gossip about the people who walked through them.
What’s Next for King’s Mansion?
As of now, the property is:
- Maintained and managed as a private luxury destination
- Bookable for exclusive events and filming
- A hot asset in Goa’s real estate portfolio
Sachiin Joshi’s plans may include full-fledged hospitality offerings under his Viiking Ventures umbrella. With Goa’s ever-growing luxury market, the mansion could soon be one of India’s most booked exclusive spots.
Not Just a Home, But a Legacy
The King’s Mansion is more than bricks and bar counters—it’s a real-life soap opera. From billionaire excess to bankruptcy headlines, and now back in the news for glamour and business, it has lived many lives.
Today, it stands as:
- A royal reward for a smart investor
- A rebirth of what was once tainted property
- A vivid metaphor of India’s changing face of fame and finance
In a land where real estate is often about price per square foot, this mansion is about price per headline. And it continues to deliver.
