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India’s Richest Man Moves Into world’s first billion dollar home

The richest man from India, Mukesh Ambani, will soon move into the world’s most expensive home ever built, called Antilla, a 27-floor building valued at $1 billion. The “home” is 173-metre tall and it has just been completed after seven years of construction.

It’s name comes from a mythical island in the Altantic Ocean and this opulent building comes with three helipads, it’s own air traffic control, a six-floor car park, a four-storey hanging garden, a cinema and a staff of 600. The building soars high above Mumbai, giving it’s future residents a panoramic view of the city and the Arabian Sea.

It was built to withstand military grade explosions and an magnitude-8 earthquake, as Indian media reports. The home actually cost only about $77 million to build, but the growing property prices from Mumbai made this 27-floor mansion to be worth 15 times more now, about $1 billion.

Owner Mukesh Ambani is the world’s fourth richest man with a personal wealth of about $29 billion and is set to become the world’s richest in 2014, as Forbes magazine estimated. His family will move in this opulent building after a housewarming party on October 28 which will boost many high profile guests from India.

[BusinessInsider]

By Richie Rich

Posted 17 Oct 2010 11:11 pm

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