After failing multiple times to attract bidders for the Kingfisher House at Vile Parle, on Monday the 17-member consortium led by State Bank of India (SBI) quoted a reserve price of Rs 82 crore, which is almost half of what was quoted in the first attempt to sell the property. Previously, the bank tried to sell off the property five times, but failed to get even a single bidder. This time the bank has also put up a public notice for auctioning nine cars worth Rs 4.9 lakh that belonged to the company.

Vijay Mallya