Bollywood Couple Takes Ownership of Vijay Mallya’s Luxurious Kingfisher Villa in Goa
Bollywood actor Sachiin Joshi and his wife, former actress Urvashi Sharma, have purchased the iconic Kingfisher Villa in Goa, once owned by Vijay Mallya. The lavish property, now renamed King's Mansion, was bought for Rs 73.01 crore and will be open to the public.
Kingfisher VillaSachiin JoshiUrvashi SharmaVijay MallyaReal EstateReal Estate NewsJun 08, 2025
Following allegations of a Rs 900 crore loan default involving IDBI Bank, the villa was seized by a consortium of banks led by the State Bank of India. After several unsuccessful attempts to auction the property, Sachiin Joshi finally clinched the deal in 2017. The villa spans a substantial 12,350 square feet and is set on a three-acre plot. It boasts luxurious amenities, including private swimming pools, manicured lawns, and spacious dance floors. Joshi’s decision to rename the property as King's Mansion aligns with his brand, King's Beer, establishing a connection to the former owner’s legacy.
Bollywood Meets Business
Sachiin Joshi, known for films such as Azaan and Jackpot, is also a successful businessman. His company, Viiking Ventures, operates in various sectors, including hospitality and wellness. At the unveiling of the King's Mansion, Joshi expressed enthusiasm about sharing the property with the public, stating, 'Today is the day I open the gates to the world. The property has been coronated as the 'King's Mansion'… the brand connection from 'King’s Beer' and the inherent grandeur of the property made the choice.'
While Vijay Mallya remains in the UK, entangled in legal proceedings, the sale of the Kingfisher Villa marks one of the few recoveries made by Indian banks in their quest to reclaim funds from the former tycoon.
The Story of Sachiin Joshi
Sachiin Joshi, son of Jagdish Joshi, founder of the JMJ Group of Industries, is an Indian actor and entrepreneur. He made his Hindi film debut with Azaan in 2011, followed by Mumbai Mirror and Jackpot, and also featured in several Telugu films. He played the Telugu version of Aditya Roy Kapur’s character in Nee Jathaga Nenundali, a remake of Aashiqui 2. He is married to former actress Urvashi Sharma.
Frequently Asked Questions
Who are the new owners of the Kingfisher Villa in Goa?
The new owners of the Kingfisher Villa in Goa are Bollywood actor Sachiin Joshi and his wife, former actress Urvashi Sharma.
How much did Sachiin Joshi pay for the Kingfisher Villa?
Sachiin Joshi paid Rs 73.01 crore for the Kingfisher Villa.
What is the new name of the Kingfisher Villa?
The new name of the Kingfisher Villa is King's Mansion.
What business does Sachiin Joshi run?
Sachiin Joshi runs a company called Viiking Ventures, which operates in various sectors including hospitality and wellness.
What films has Sachiin Joshi starred in?
Sachiin Joshi has starred in films such as Azaan, Jackpot, and several Telugu films, including Nee Jathaga Nenundali, a remake of Aashiqui 2.
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