Two properties belonging to absconding businessman Vijay Mallya, Kingfisher House in Mumbai and Kingfisher Villa in north Goa, will be re-auction this week by the 17-lender consortium headed by the State Bank of India. <br/><br/>The auction would be done at lower reserve prices compared to the failed previous three auctions. The reserve price for over 17,000 sq ft Kingfisher House near the airport will be auctioned on Monday at Rs 115 crore. <br/><br/>The Kingfisher Villa at Condolim in north Goa will be put under the hammer on 22nd of December at a reserve price of 81 crore rupees. Previous auctions of both these properties failed as none of the bidders came forward, citing higher reserve prices. <br/><br/>Mallya had left the country on 3rd of March this year and is currently said to be in Britain. Last month, a local court in Mumbai had declared him a proclaimed absconder.