Antilia
The world's most expensive home houses billionaire
Mukesh Ambani and his family in Mumbai, India
Antilia is the name of a twenty-seven floor personal home in South Mumbai belonging to businessman Mukesh Ambani, the billionaire Chairman of Reliance Industries. There will be 600 full-time staff to maintain the residence, which was reported in the Indian Media to be the most expensive home in the world. It has been described as the "Taj Mahal of 21st century India".
The home will house Ambani, wife Nita, their three children and Ambani's mother.ndian media frequently reported that Antilia is the world's most expensive home costing between 1 and 2 billion US$. Thomas Johnson, director of marketing at architecture firm Will and Hirsch Bedner Associates that was consulted with by Reliance during building floor plan design, was cited by Forbes Magazine as estimating the cost of the residence at nearly $2 billion. In June 2008, a Reliance spokesman told the New York Times that it will cost $50–$70 million to build. Upon completion in 2010, media reports again speculated that, due to increasing land prices in the area, the tower may now be worth as much as US$1 billion.
Some Indians are proud of the "ostentatious house," while others see it as "shameful in a nation where many children go hungry." Dipankar Gupta, a sociologist at New Delhi's Jawaharlal Nehru University, opined that "such wealth can be inconceivable" not only in Mumbai, "home to some of Asia's worst slums," but also in a nation with 42 percent of the world's underweight children younger than five. Recently Ratan Tata said that "It's sad Mukesh Ambani lives in such opulence".
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Antilia"
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