Saturn Realtors purchases Kingfisher House for Rs 52 crore

17 Aug 2021 CW Team

Kingfisher House, the former headquarters of the bankrupt airline, has been sold to Saturn Realtors for Rs 52 crore.

Despite conducting various auctions over the years, the lender failed to find a buyer. So, the sale took place at a fraction of the original asking value.

The real estate industry experts revealed that the bank's originally unreliable reservice value as the property had multiple restrictions.

As it is located on the outskirts of Mumbai airport, there is not much scope to develop the property.

The building comprises a basement, an upper-ground floor, a ground floor, and an upper floor, measuring a total of 1,586 sq mt, housed on a 2,402 sq mt plot.

On 31 July, the registration of the deal took place. The Maharashtra government received Rs 2.61 crore as stamp duty from Saturn Realtors.

Kingfisher House was founded by Vijay Mallya. Currently, Mallya is on bail in the United Kingdom (UK).

Image Source

Also read: Promoters of JB Chemicals buy luxury property in Mumbai at Rs 138 cr

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..