Digital News Guru Lifestyle Desk:
From “Kingfisher” to “King’s Mansion”: A New Chapter in Goa
In a dramatic turn, Bollywood actor-producer Sachiin Joshi, alongside his wife—the former actress Urvashi Sharma (now Raina Joshi)—has acquired the legendary Kingfisher Villa in Candolim, Goa. Announced on June 8, 2025, their purchase marks the end of a long saga linked to the flamboyant liquor baron Vijay Mallya.
Once an emblem of Mallya’s extravagant lifestyle, the sprawling estate—set on a three-acre beachfront—was famous for star-studded parties and ultra-luxurious indulgence. After falling into the hands of a consortium of 17 banks led by SBI for outstanding loan defaults, it underwent three failed auctions. Ultimately, it was secured via a private treaty for Rs 73.01 crore, considerably lower than its initial Rs 90 crore-plus reserve.
A Legacy of Opulence and Extreme Parties
The Kingfisher Villa first captured the imagination as Mallya’s Flagship resort to project his “King of Good Times” persona. Encompassing luxurious suites, lush lawns, private pools, open-air dance floors, and high-end amenities, it hosted opulent gatherings attended by Bollywood elites, international dignitaries, and global business icons.
However, as Mallya faced mounting debt—including a whopping Rs 9,000 crore owed to lenders—the banks seized the property in May 2016 and repeatedly tried to liquidate it through auctions by reducing the reserve price. A bidding slump followed, until Sachiin Joshi stepped in.
Who Are the New Owners?
Sachiin Joshi
At 32, Joshi is an entrepreneur known for his multifaceted ventures. He runs Viiking Ventures and is the vice-chair of JMJ Group—spanning media & entertainment, hospitality, fitness, and beverages. He also temporarily held the Planet Hollywood franchise and owns Goa King’s Pilsner Beer (acquired in 2015 for Rs 90 crore). Though his Bollywood journey began with Aazaan (2011), his career has seen mixed success in both Hindi and Telugu cinema.
In a personal interview, Sachiin revealed he first visited the villa as a young man attending one of Mallya’s legendary parties—and then dreamt of owning a similar property. “It was destined to be,” he reflected, expressing, “I fell in love … if I ever build or buy my own home, it should be like the one that Mallya owned”.
Urvashi (Raina) Joshi
A former model-turned-actress—known for Naqaab (2008) and Chandrakaar (2016)—Sharma brought cinematic flair to this announcement. In married life, she has taken on the name Raina Joshi and shares with Sachiin a vision of transforming the villa into a refined family estate, infused with celebrity design influences.
Renaming to “King’s Mansion”: Symbolism and Strategy
With a nod to its royal origins, the couple promptly renamed the property “King’s Mansion”—a conscious rebranding to distance the space from its controversial past while preserving its majestic aura. The new designation serves as both homage and reinvention—a way to respect the estate’s grandeur while aspiring to a refreshed, more personal identity.
Renovation Dreams and Vision Ahead
Although detailed renovation plans haven’t been officially released, credible sources hint at significant updates: modernizing interiors, refreshing exteriors, and engaging with celebrity designers to craft a bespoke aesthetic aligned with the Joshi duo’s lifestyle.
Sachiin has floated the idea of transforming the mansion into a luxury private residence, exploring options ranging from a boutique lifestyle retreat or high-end beer garden, reflecting his hospitality background.
Why This Acquisition Resonates
- A High-Profile Property Evolution
It marks the transformation of an iconic but debt-stricken asset into a refreshed symbol of glamour, bridging Goa’s opulent past and its aspirational present.
- Personal and Strategic Alignment
For Sachiin, the acquisition fulfills a personal ambition, while offering a valuable asset in his portfolio—especially given his hospitality and entertainment interests.
- Media Magnet and Marketing Opportunity
The purchase is already making waves in Indian media, positioning the Joshi couple as tastemakers and giving them a platform for future lifestyle and cultural ventures.
Key Insights and Takeaways
| Aspect | Details |
| Sale Price | Rs 73.01 cr via private treaty (post three failed auctions) |
| Original Reserve | Over Rs 90 cr |
| Buyers | Sachiin Joshi & Urvashi Sharma (now Raina Joshi) |
| Villa Size | ~12,350 sq ft on three acres, multiple pools, dance decks |
| New Name | “King’s Mansion” |
| Renovation Plans | Modern redesign by celebrity designers; options for private or commercial use |
| Symbolic Shift | From Mallya-era flamboyance to contemporary wellness-luxury fusion |
Final Reflections
The transformation of Kingfisher Villa into King’s Mansion symbolizes more than a real estate acquisition — it’s the passing of an era and the start of another. Sachiin Joshi’s emotional connection to the property, built on teenage admiration and eventual ownership, adds depth to this saga. Meanwhile, Urvashi/Raina’s cinematic charm and design aspirations promise a creative revival.
As they reimagine the mansion for personal use—or possibly curated public experiences—it offers insight into India’s evolving luxury culture: a blend of personal legacy, destination living, and high-profile lifestyle branding. Goa’s beaches now house not just a storied past, but also a fresh beacon of aspiration and transformation.
You May Also Read: Tata Motors Accelerates EV Push— Rs 35,000 Crore Investment, From Hatchbacks to Harrier.ev
