mumbai kingfisher house the erstwhile headquarters of nowdefunct kingfisher airlines kal has been put on the block for the sixth time by the debts recovery tribunal drt bengaluru the reserve price is rs 82 crore which is over 45 lower than the asking price in the first auctionthe tribunal has said that the sale will take place on february 13 2017 through an eauction the sale follows a recovery certificate being issued by the tribunal for recovery of rs 6203 crore along with costs and interest at the rate of 115 from june 2013the fifth auction in may last year had failed with no one making a bid for the property the earlier reserve price was rs 92 crore according to realestate brokers although the property is at a prime location near chhatrapati shivaji international airportterminal 1 there are no takers as the original reserve price was way out of line from the prevailing market pricealthough lenders have valued the property at rs 150 crore real estate experts say that the property has limited upside because of height restrictions due to its proximity to the airport the property presently consists of four levels basement lower ground ground and upper floorincidentally mallyas famed kingfisher villa in candolim goa was sold through a negotiated deal to actor sachiin joshi for rs 73 crore after failure of multiple auctions lenders are playing it safe through a graded reduction in the reserve price through multiple auctionsthe 17lender consortium led by sbi had originally put the property on auction at rs 150 crore in 2016 with no takers the reserve price was progressively reduced to rs 135 crore in august 2016 to rs 115 crore in december and rs 1035 crore in march 2017 the fifth auction was held in may 2017 at a reserve price of rs 935 crore the sharp reduction in price from the original reserve price has increased the chances of a bidder said brokers