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Dave Beans

The $1Bn "house"

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It's only got 27 floors & needs 600 staff to run it...

http://www.bbc.co.uk/news/world-south-asia-11854177

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Indian billionaire Mukesh Ambani has hosted a lavish house-warming for his new 27-storey residence, believed to be the world's most expensive home. About 80 people attended the party in Mumbai on Friday, reported the Times of India. One guest described the house as "the Taj Mahal of the 21st Century".

Mr Ambani, said to be India's richest man, moved into the house last month with his wife and three children. Reports suggest the residence is worth more than $1bn (£630m). The skyscraper in Mumbai (Bombay), which overlooks sprawling slums, is said to have a cinema, swimming pools and a helicopter pad, and is named "Antilia" after a mythical Atlantic island.

Local newspapers said the house would require 600 members of staff to maintain it, and according to the Times of India, the first electricity bill, for September, is costing Mr Ambani 7m rupees (£98,000). The house has sparked some controversy, with anti-poverty campaigners underlining the contrast between the luxury of the house and the plight of those who live in Mumbai's slums, which house about half of the city's 18 million people.

Guests at the house-warming included Indian novelist Shobhaa De, Bollywood stars Preity Zinta and Aamir Khan, and billionaire Kumar Mangalam Birla. Ms De said the 174m (570ft) building was the "Taj Mahal of the 21st Century".

She described "what has got to be the biggest, glitziest ballroom in India - the Palace of Versailles is a poor cousin".

"There is a lot of marble, there is a lot of mother of pearl. There are areas and gardens and lotus pools and absolutely beautiful Krishna temple. There is art, there's sculpture, there is a huge bar, there is a swimming pool," she said.

"The Taj Mahal was considered one of the wonders of the world, this is...I'm sure it's going to be one of the wonders of modern India," she told the BBC. She said the house was built to the personal taste of Mr Ambani, and that people should not "grudge him his indulgencies".

"He generates a great amount of employment for those very poor and contributes to the economy," she added. The house, which has a temple on the ground floor and a library on the top, was designed according to Vaastu principles, an Indian tradition similar to Chinese feng shui.

According to Forbes magazine, Mr Ambani, 53, has amassed a $27bn (£17bn) fortune. He is chairman and managing director of Reliance Industries, one of the largest conglomerates in the world, and also owns the Indian Premier League team, the Mumbai Indians. Mr Ambani's brother, Anil, held a "parallel party" at the 14-storey residence which houses the rest of the family.

Relations between the brothers became strained during a dispute over the division of the conglomerate left by their father, Dhirubhai, who died in 2002 without a will.

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When all the landless and poor in india decide the 'Indian dream" is over there is a nice big tower where they can all meet.

There is no limit to the avarice of some how many hospitals of schools could he have built for that money.

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Where did the wealth come from?

His company

http://bigcharts.marketwatch.com/charts/big.chart?symb=uk%3Arigd&compidx=aaaaa%3A0&ma=1&maval=200%2C50&uf=0&lf=1&lf2=0&lf3=0&type=2&size=2&state=8&sid=2338365&style=320&time=20&freq=2&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=6451&mocktick=1

http://en.wikipedia.org/wiki/Reliance_Industries

Reliance was founded by the Indian industrialist Dhirubhai Ambani in 1966. Ambani has been a pioneer in introducing financial instruments like fully convertible debentures to the Indian stock markets. Ambani was one of the first entrepreneurs to draw retail investors to the stock markets.

Also they're in oil and gas

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from the pics.. all buildings look the same.. he should have bought a nearby one for cheaper money

surely health and safety department is finding harder to find the fire exit

I think the designer/builder was an old time enemy of Mr.Ambani

incredibly crafted crap white elephant

Edited by getknk

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Bloke wont move into it, due to some feng shui cobblers...

http://www.dailymail.co.uk/news/article-2053231/Worlds-expensive-house-Antilia-Mumbai-lies-abandoned.html

The world's most expensive home is lying unused and abandoned because its billionaire owners believe moving in will bring them bad luck. The 27-storey, billion-dollar tower in Mumbai, called Antilia, is said to have fallen foul of vastu shastra - an obscure Hindu version of feng shui.

Built for India's richest man, Mukesh Ambani - ranked by Forbes as the ninth wealthiest person in the world with a fortune of $27billion - Antilia has dominated the Mumbai skyline since being completed last year.

But speculation has grown as to why Mr Ambani, his wife Nita and their two children have not moved into their extravagant new home. Certainly the property - which has three helipads, six floors of parking and a series of floating gardens - is comfortable enough. According to reports, the Ambani family is concerned the building fails to conform with the ancient Indian architectural principles of vastu shastra, and has refused to move in for fear the home will curse them with bad luck.

Film screenings have been staged in its state-of-the-art theatre and dinners held in its grand ballroom, served by staff trained by the luxury Oberoi hotel chain. But its owners return at the end of each party to their former ancestral home, never staying the night. Vastu, a philosophy that guides Hindu temple architecture, emphasises the importance of facing the rising sun - and despite the staggering sum spent on Antilia the building's eastern side does not have enough windows or other openings to let residents receive sufficient morning light. Instead of moving into their dream home, the Ambanis continue to stay in the more modest, 14-storey apartment tower at the south end of the city that they share, on different floors, with the rest of their extended family.

Tushar Pania, a spokesman for Mr Ambani's company Reliance Industries, dismissed questions about whether the family was reluctant to live at Antilia as idle gossip. Last year, as it was nearing completion, many Mumbai residents criticised the building as an ostentatious display of wealth in a country where most people live on less than $2 a day.

Half a mile from Mr Ambani's 27-storey tower, a competing skyscraper is making its way into Mumbai's skyline. The building is being constructed by the Singhania family, which controls Indian suit maker the Raymond Group. Seen at a distance, the two buildings are strikingly similar, with soaring columns, large sea-facing windows and a nearly identical jigsaw puzzle facade.

Edited by Dave Beans

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Half a mile from Mr Ambani's 27-storey tower, a competing skyscraper is making its way into Mumbai's skyline. The building is being constructed by the Singhania family, which controls Indian suit maker the Raymond Group. Seen at a distance, the two buildings are strikingly similar, with soaring columns, large sea-facing windows and a nearly identical jigsaw puzzle facade.

Geez

Just

WHY?

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  • 153 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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