Thu, Mar 17, 2016, 04:36 PM
No sooner had it opened the auction for Vijay Mallya's Kingfisher House, at Andheri in Mumbai, the consortium of 17 banks, including SBI, had to shut down the eAuction as there were no bidders for the project. This is because the base price was set at Rs. 150 crore, which is too high. Real Estate experts said that the value of Kingfisher House could not be fore than Rs. 50 crore.