The 1 billion$ House

Posted on Jan 7, 2012

Indian billionaire Mukesh Ambani welcomed guests into his new 27-story Mumbai home, thought to be the world’s most expensive private residence with a $1 billion price tag.

Antilia is the architectural pride of Mumbai and is termed as the Taj Mahal of the 21st century. Home to the billionaire Mukesh Ambani and his family, Antilia is a 27 floor marvel at Altamont Road, South Mumbai. Antilia is considered as the world’s most expensive home and is designed by U.S architects following the principles of Vaastu Shastra to ensure the flow of positive energy.

Antilia is a truly unique home with some extraordinary features. No two floor plans in this building are alike. The parking can hold upto 168 cars and an entire floor has been dedicated to vehicle maintenance facility. There are 9 elevators in the lobby. Antilia has its own helipad and air traffic control facility. An ice room with man-made snow flurries has also been built.

Mukesh Ambani, his wife, two children and his mother currently reside in Antilia. A 600 member strong staff takes care of the house’s maintenance.

His Reliance Industries, already India’s most valuable company, recently bid $2 billion for 65% stake in troubled Canadian oil sands outfit Value Creation. Firm’s $14.5 billion offer to buy bankrupt petrochemicals maker LyondellBasell was rejected. Since September company has sold treasury shares worth $2 billion to be used for acquisitions. Late father, Dhirubhai, founded Reliance and built it into a massive conglomerate. After he died, Mukesh and his brother, Anil, ran the family business together for a brief time. But siblings feuded over control; mother eventually brokered split of assets, with Mukesh getting oil and gas and petrochemicals businesses. Still at odds with Anil over gas supply agreement; awaiting Supreme Court’s final ruling. Has yet to move out of the family’s high-rise, which he shares with his brother, into his new 27-story home in downtown Mumbai. Owns cricket team Mumbai Indians.