A 17-bank consortium, led by State Bank of India, has announced a fresh auction of Kingfisher House, the erstwhile headquarters of the defunct Kingfisher Airlines in Mumbai. <br/><br/>A public notice put up by SBI Caps yesterday announced that the reserve price has been lowered from 150 crore to 135 crore rupees. <br/><br/>This comes three months after the lenders failed to sell this property owned by Vijay Mallya in a bid to recover a part of the dues. <br/><br/>The property which has a built-up area of over 17,000 square feet in the plush Vile Parle area near domestic airport, will be auctioned on 8th August. <br/><br/>The beleaguered tycoon owes over 9,000 crore rupees, which includes unpaid loans and accrued interest to 17 banks.