Kingfisher Villa, which was the hub of India’s most sensational parties thrown by beleaguered businessman Vijay Mallya, is now in the pocket of Bollywood actor-producer Sachiin Joshi. The makeover of the villa to “King’s Mansion” and the intriguing tale of Joshi have interested fans and real estate buffs just as much.
Kingfisher Villa: From Vijay Mallya's Playground to Bollywood Star's Estate
In the charming Candolim beach village of North Goa, the expansive Kingfisher Villa is 12,350 square feet over three acres of land. 20 km from Panaji and en route to the iconic Fort Aguada, it was previously the pride of liquor magnate Vijay Mallya. Famous for high-profile bashes and opulent parties, the villa was the epitome of Mallya’s racy lifestyle as the so-called “King of Good Times.
But Mallya’s empire started to collapse in 2016 when he defaulted on huge loans and left the country. His lavish villa, which legally belonged to United Breweries Holdings (UBH), was quickly auctioned off by a State Bank of India-led consortium of banks to recover dues.
Sachiin Joshi: The Actor Who Bought the Iconic Property
In 2017, Sachiin Joshi and his wife, Urvashi Sharma (of Naqaab), purchased the Kingfisher Villa for Rs 73.01 crore. Although the base price at the auction was over Rs 90 crore, Joshi got the premium property at a discount price.
Sachiin Joshi, who has starred in Bollywood films like Mumbai Mirror and Jackpot alongside Sunny Leone, is more than just an actor. He is the driving force behind Viiking Ventures, a company that spans multiple industries, including:
FMCG: Alcoholic and non-alcoholic beverages
1. Hospitality
2. Entertainment
3. Realty and infrastructure
4. Paper products
5. Philanthropy
Joshi’s diversified business interests include the popular Kings Beer brand, which he acquired in 2015 for Rs 90 crore from Impala Distillery and Brewery.
Kingfisher Villa Transformed into King's Mansion
Upon purchasing the building, Joshi did not waste time renaming it King’s Mansion. In the speech at the plaque unveiling ceremony, he averred:
“Today is the day we open the doors to the world. The house has been dubbed as the ‘King’s Mansion’ and the future is mapped out. We had various names to experiment with, but then the brand affinity from ‘Kings Beer’ and the in-built majesty of the property sealed it.”
Joshi hinted at ambitious plans for the estate, promising to create an experience “like no other” in India. Though details about the future of King’s Mansion remain under wraps, Joshi’s track record suggests it will be nothing short of spectacular.
Who is Sachiin Joshi?
Sachiin Joshi’s journey from Bollywood to business has been as eventful as his acting career. While he might not be a household name in mainstream Bollywood, his roles in films like Jackpot and Mumbai Mirror have left an impression. Beyond films, Joshi has carved out a niche for himself as a successful entrepreneur and investor, with a flair for turning luxury assets into profitable ventures.
Conclusion
The Kingfisher Villa has had a colorful history, from Vijay Mallya’s lavish parties to its new life as King’s Mansion under Sachiin Joshi. Joshi’s acquisition of this iconic property not only marks a new chapter for the villa but also showcases how Bollywood’s influence extends far beyond the silver screen.
With Joshi’s grand plans and proven business acumen, King’s Mansion is set to reclaim its glory—this time as a symbol of luxury, class, and reinvention.
