KKN Gurugram Desk | What was once the lavish Kingfisher Villa, the glittering epicenter of Vijay Mallya’s high-seas lifestyle, has been reborn. The iconic estate in Candolim, Goa, renowned for its extravagant parties, hospitality, and flamboyance, is now in the possession of Bollywood actor-producer Sachiin Joshi and his wife, former actress Urvashi Sharma Sachiin acquired the property in 2017 for ₹73.01 crore via an SBI-led consortium auction—five years after Mallya’s flight from India over loan defaults. It’s been rebranded as “King’s Mansion”, in harmony with Joshi’s business empire and ambitious hospitality vision.
Brief on Sachiin Joshi: Actor Turned Entrepreneur
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Born on August 7, 1984, in Pune, to Jagdisth Joshi, chairman of the JMJ Group
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Film debut in 2011 with Azaan; known for roles in Mumbai Mirror, Jackpot, and Telugu hit Nee Jathaga Nenundali—the remake of Aashiqui 2
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Entrepreneurial pursuits include the company Viiking Ventures, owner of the Kings Beer brand, and interests in hospitality, real estate, and health wellness .
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Controversial legacy includes a PMLA arrest in 2021, but he remains a trending figure in business circles
Urvashi Sharma: Screen Star to Homemaker
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Known for Hindi films like Naqaab, Aakrosh, Khatta Meetha, and reality TV as a finalist on Fear Factor: Khatron Ke Khiladi.
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Married Sachiin in 2012 and changed her screen name to Raina Joshi .
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Stepped away from acting to focus on family life, with two children born in 2014 and 2017 .
Inside the Mansion: What Makes It Legendary
1. Prime Coastal Location
Sited in Candolim, near Fort Aguada and Panaji—this 3-acre estate covers ~12,350 sq ft, boasting ocean views, neighborhoods of Goa elite .
2. Luxury redefined
Features include:
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Private swimming pool
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Expansive lawns and manicured gardens
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Terraced outdoor party areas, ponds, and built-in outdoor infrastructure .
3. Party Iconography
Once a playground for VIPs and celebrities, it earned its reputation during Mallya’s flamboyant nightlife era .
4. Rebranding to King’s Mansion
Sachiin’s branding decision linked the property to his Kings Beer brand, aiming to transform it into a luxury hospitality asset .
Financials & Auction Process
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After three failed public auctions, lenders sold it in 2017 at a discounted price of ₹73.01 crore .
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Originally owned by United Breweries, the villa was attached as part of recovering ₹9,000 crore from Mallya’s default .
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Reserve price dropped from ₹90+ in online auctions to ₹73 crore before sale .
Why a Bollywood Connection? Sachiin’s Vision for the Villa
Sachiin texted, “It’s ready to open its gates to the world as the King’s Mansion”—linking the brand alignment with Kings Beer and the grandeur of the property .
He hinted at future plans:
“We want to create an unmatched experience… something never done before in India” .
Legacy & Cultural Implications
🔹 A Recycled Landmark
A symbolic transformation: once spotlighting financial excess and controversy, now represents Bollywood glamour.
🔹 Celebrity Asset Shift
Illustrates how reclaimed assets can continue evolving—from Mallya’s bankruptcy narrative to new cinematic luxury realms.
Impact on Real Estate and Luxury Narratives
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Sets a record for celebrity residential deals in North Goa
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Sparks trends among wealthy individuals investing reclaimed flagships
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Opens avenues for film shoots, private events, and possibly an experiential luxury resort
What Lies Ahead? Mansions as Business Hubs
Possible strategic uses:
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Five-star boutique resort or hotel
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Prime venue for film shoots and celebrity events
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Exclusive brand launches or high-profile celebrations
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Aligned with sustainable hospitality, preserving heritage with exclusivity
Vijay Mallya’s extravagant legacy made headlines for champagne-filled nights. Today, the villa thrives under Sachiin Joshi and Urvashi Sharma, who have turned it into a symbol of glittering reinvention.
As King’s Mansion, the property may now shape narratives in luxury hospitality, cinematic revival, and modern celebrity branding. For fans of Bollywood and real estate, the mansion represents how even controversial landmarks evolve—melding heritage, opulence, and entrepreneurial flair.
Stay tuned to KKN Live for updates on mansion tours, hospitality plans, and lifestyle developments revolving around Goa’s most talked-about estate.
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