World’s First Billion Dollar Home
September 29, 2008 12:33 pm Information, Luxury Houses, Luxury in Real Estate, NewsAre you ready for the world’s first billion-dollar home? In this age of economic crisis, the idea of such extravagance feels like its bordering on sinful. Well, apparently to Mukesh Ambani, the fifth richest man in the world, and his wife Nita, if you’ve got it, flaunt it. The head of Mumbai, India-based petrochemical giant Reliance Industries is building the world’s largest and most expensive home: a 27-story skyscraper in downtown Mumbai that will be 50 feet high with 400,000 square feet of interior space, all with a cost nearing $2 billion. They contracted the services of architecture firms Perkins + Will and Hirsch Bedner Associates, the designers behind the Mandarin Oriental, based in Dallas and Los Angeles. Once finished, the Ambani home, called Antilla, is set to have six stories of parking lots, a lobby with nine elevators, a ballroom, a health level with an ice room where guests can escape the Mumbai heat with man-made snow, a four-story open garden and entertaining spaces for the business guests.

