Three months after they failed to sell Kingfisher House, erstwhile headquarters of the defunct Kingfisher Airlines, the lenders have once again put up the property for auction at a lower reserve price of Rs 135 crore so as to part-recover their loans. The 17-bank consortium, led by State Bank of India, had in March tried to sell this flagship property of the liquor baron Vijay Mallya in a bid to recover the dues.

The auction was a no-show as bidders stayed away citing high reserve price of Rs 150 crore.

"The reserve price (for Kingfisher House) is Rs 135 crore below which the property will not be sold," according to a public notice put up by SBI Caps, which is auctioning the property on behalf of the lenders.

The property which has a built-up area of over 17,000 sq ft in the plush Vile Parle area near the domestic airport, will be auctioned on August 8.

Lenders had taken over Kingfisher House in February last year under the Sarfaesi Act.

The beleaguered tycoon owes over Rs 9,000 crore, which includes unpaid loans and accrued interest, to 17 banks.

In April, lenders had tried to auction the airlines' brands and trademarks but it also turned out to be a damp squib as bidders, in that case too, found the reserve price of Rs 366.70 crore very high.