SBI security guards use all the resources of Kingfisher Villa

Indiatoday.in exclusively visited the Kingfisher Villa and had a tour of the property and were shocked to see the security men using all the resources such as water, electricity, etc, at the Villa.

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A 40-member security team hired by State Bank of India guards the over `90-crore Kingfisher Villa in Candolim, Goa.
A 40-member security team hired by State Bank of India guards the over `90-crore Kingfisher Villa in Candolim, Goa.

If you are in Goa for your summer vacation then don't miss to the opportunity to click "a selfie" outside the Kingfisher Villa. In the last one week, hundreds of families have visited the Kingfisher Villa.

Ahmedabad-based Nimesh Shah is among the tourists who was really excited to have a family picture outside the Villa.

"I have visited Goa a number of times, but this is the first time our family is visiting Mallya's house. We have taken a good number of pictures outside the Villa to show them to our relatives and neighbours in Ahmedabad," Shah said to Indiatoday. in.

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The Kingfisher Villa is located in Candolim and is on the way to well-known Fort Aguada. Radheshyam, head of the 40-odd, SBI security guards, while talking to Indiatoday.in, said, "Tourists while returning from the fort are making sure that they stop at the Villa gate and take a selfie or a group picture. We are not stopping them, but ensure that nobody tries to enter the Villa."

Indiatoday.in exclusively visited the Kingfisher Villa and had a tour of the property and were shocked to see the security men using all the resources such as water, electricity, etc, at the Villa.

"For the last four days, we have been cooking our food, washing our utensils, taking our baths, sleeping, and so on, at this place only. We have been told to remain here till the sealed lock is open or till the Villa is auctioned off or till Mallya returns back and pays back the loan amount of these banks," Radheshyam said.

These security men are responsible for securing the Rs 90-crore Villa.

There were Ferrari, Mercedes, Mitshubishi Lancer and many other luxurious cars parked at the property. In addition, there were at least 10 small vehicles being used for transportation around the huge lawn.

After the SBI Cap took the possession of the Villa, Indiatoday.in was the first to visit the property which has a huge private garden and swimming pools.

During New Year's parties or special occasions like birthdays, larger area of the garden is used as bars and dance floors. Sources say other days, the dance floor was being used as a helipad.

Inside the main villa, which is sealed by SBI Cap for now, there are three grand bedrooms and a huge living room. Every corner of the house is decorated with the pieces personally acquired by the tycoon himself.

"The living room has handmade teak wood furniture with a complete home theatre system. In fact, the house is designed in a Goan style and is very well connected to the beach", the source told Indiatoday.in.

On Friday, last week, SBI Cap - subsidiary of State Bank of India - took Kingfisher Villa under its possession and placed at least 40 security guards to protect the three-acre plush property at the Candolim beach. These bouncers like security men are from Mumbai and Patna and are employees of ACRK Consultant, a private company outsourced by SBI for the recovery of bank loans.

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SBI Cap sources confirmed to Indiatoday.in that the bank is planning to e-auction the Villa for at least Rs 100 crore. The auction will include all immovable property, antiques and two dozens luxury cars.

"If the real valuation is done, including the cars, the property and the significance of this location (Candolim), it should touch upto Rs 150 crore. But what happened during the e-auction of Kingfisher House in Mumbai is well known, so you never know how many will turn up to buy this Villa," the SBI source said.