Mukesh Ambani, India’s richest man, builds world’s first billion-dollar home

Posted: October 20, 2010 in Positive India, Snippets

Mukesh Ambani, India’s richest man, builds world’s first billion-dollar home. Mumbai property, named Antilia after a mythical island, is worth £630m and comes complete with three helipads.

 Mukesh Ambani's house Antilia in Mumbair
Mukesh Ambani, owner of this 27-storey Mumbai family home, is said to be worth £18bn. Photograph: Jay Hariani

The building – named Antilia, after a mythical island – will be home to Ambani, the richest man in India and the fourth richest in the world, plus his wife and their three children. It contains a health club with a gym and dance studio, at least one swimming pool, a ballroom, guestrooms, a variety of lounges and a 50-seater cinema.

There are three helicopter pads on the roof and space for 160 vehicles on the lower floors.

Once in, nine lifts will take the guests from the lobby to upper levels, where the festivities will take place.

On the top floors, with a sweeping view of the city and out over the Arabian Sea, are quarters for the 53-year-old tycoon and his family. Overall, there is reported to be 37,000 sq metres of space, more than the Palace of Versailles. To keep things running smoothly, there is a staff of 600.

It cost an estimated £44m to build but, because of Mumbai’s astronomic land and property prices, will be worth about 15 times that amount – £630m. “Antilia is marvellous, I remember a Picasso painting [there], it was one of its kind – stunning,” one local businessman who visited the building gushed to the Times of India newspaper.

Experts say there is no other private property of comparable size and prominence in the world.

via World news | The Guardian.

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