Mumbai: Having failed once to sell the Kingfisher House for recovering their loans, banks have begun a fresh valuation process for auctioning the headquarters of the Vijay Mallya's long defunct Kingfisher Airlines.
"A revaluation process has begun and will be over by the next week. The property will put on the block again at the earliest," a source said.
The Kingfisher House has a built-up area of over 17,000 sq ft and is located in plush Vile Parle area near domestic airport here.
In March, the 17-banks consortium, led by State Bank of India, had tried to sell the property in a bid to recover a part of their dues, which have run up to over Rs 9,000 crore.
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"A revaluation process has begun and will be over by the next week. The property will put on the block again at the earliest," a source said.
The Kingfisher House has a built-up area of over 17,000 sq ft and is located in plush Vile Parle area near domestic airport here.
In March, the 17-banks consortium, led by State Bank of India, had tried to sell the property in a bid to recover a part of their dues, which have run up to over Rs 9,000 crore.
To Read the News in Full
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