This Bollywood couple now owns Vijay Mallya’s iconic Kingfisher Villa in Goa. Here’s why it is now called the King’s Mansion

Once synonymous with Vijay Mallya’s high-flying lifestyle and extravagant soirées, the infamous Kingfisher Villa in Goa has quietly passed into the hands of a new set of power players—Bollywood actor Sachiin Joshi and his wife, former actress Urvashi Sharma. Now renamed King’s Mansion, the opulent estate on the shores of Candolim has been reborn with a fresh identity, but not without its share of dramatic history and cinematic connections.

The news comes in the wake of Royal Challengers Bangalore’s stunning 2025 IPL win—18 years after its founding—which brought Mallya back into public conversation. As congratulatory messages poured in for the embattled former tycoon, curious eyes turned once again to the symbols of his bygone empire. Chief among them was the palatial Kingfisher Villa, where champagne once flowed as freely as scandal.

Known as the “King of Good Times,” Vijay Mallya was as much a fixture in India’s business pages as he was in Page 3 party shots. But the empire began to crumble after his alleged ₹900 crore loan default involving IDBI Bank, among other financial irregularities. In 2016, as Indian agencies closed in, Mallya fled to the United Kingdom under the radar, leaving behind a slew of legal troubles—and the glittering Kingfisher Villa.
The estate, owned by United Breweries Holdings, was seized by a consortium of banks led by the State Bank of India to recover dues from Mallya. Despite three failed auctions, the fourth attempt in 2017 finally found a buyer in Sachiin Joshi, who acquired the property for ₹73.01 crore, just under the reduced reserve price.

With a sprawling 12,350 square feet of built-up space on a three-acre plot, the villa has long been a symbol of indulgence. Private swimming pools, manicured lawns, open-air dance floors, artificial ponds, and once a fleet of luxury cars—it had it all. But what once echoed with the sounds of the city’s elite now has a new voice.

Sachiin Joshi, known for films like Azaan, Jackpot, and the Telugu remake of Aashiqui 2, is not just a film actor. He is also a businessman and the son of Jagdish Joshi, head of the JMJ Group of Industries. Joshi himself owns Viiking Ventures, which deals in everything from alcohol (notably King’s Beer) to hospitality and wellness. The connection to the “King” label was serendipitous, leading him to christen the villa as King’s Mansion. “For months now, I have been asked about my plans for the villa. Today is the day I open the gates to the world,” Joshi remarked at the time. “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, battling extradition and legal proceedings, the Candolim property marks one of the few tangible recoveries Indian banks have made in their pursuit of the fugitive billionaire’s dues. It’s ironic, almost poetic, that the villa now belongs to someone from the very world that once frequented its parties; Bollywood.