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Antilia (building)
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Antilia (building)
Antilia is the residence of the Indian billionaire businessman Mukesh Ambani and his family. It is located on Billionaires' Row in Mumbai. Built from 2006 to 2010 at a cost of nearly US$2 billion,[unreliable source] it was valued at US$4.6 billion in 2023. It is the most expensive residence in India and one of the most expensive and largest private homes in the world.
It is designed to withstand a magnitude 8 earthquake. The top six floors are private residential areas. The structure's design incorporates the lotus plant and the sun.
The structure is 27 storeys, 173 metres (568 ft) tall, over 37,000 square metres (400,000 sq ft), and with amenities including a 168-car garage, ballroom, nine high-speed lifts, a 50-seat theatre, terrace gardens, swimming pool, spa, health centre, temple, and a "snow room", which produces snowflakes from its walls.
It was constructed between 2008 and 2010.
In 2007, due to a sustained real-estate bubble in Mumbai, Ambani's unbuilt house and the 4,532-square-metre plot on which it was being erected were already estimated to be worth more than US$1.2 billion.[unreliable source]
In 2014 it was considered the world's most expensive private residence, costing between US$1 and 2 billion to build.
As of 2023 it was valued at $4.6 billion, as average annual growth rate of prices on homes in Mumbai from 2010 to 2020 was 11.2 per cent. Prices in Mumbai increased by 100 per cent in 2006 and 19 per cent in 2012.
The 4,532-square-metre (1.120-acre) land on which Antilia was built, previously housed an orphanage called Currimbhoy Ebrahim Khoja Yateemkhana (Kareembhai Ibrahim Khwaja Orphanage) belonging to a charity run by the Waqf Board. The orphanage had been founded in 1895 by Currimbhoy Ebrahim, a wealthy shipowner. In 2002 the trust requested permission to sell this land, and the charity commissioner gave the required permission three months later. The charity sold the land allocated for the purpose of education of underprivileged Khoja children to Antilia Commercial Private Limited, a commercial entity controlled by Mukesh Ambani, in July 2002 for ₹210.5 million (US$2.5 million). The prevailing market value of the land at the time was at least ₹1.5 billion (US$18 million).
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Antilia (building)
Antilia is the residence of the Indian billionaire businessman Mukesh Ambani and his family. It is located on Billionaires' Row in Mumbai. Built from 2006 to 2010 at a cost of nearly US$2 billion,[unreliable source] it was valued at US$4.6 billion in 2023. It is the most expensive residence in India and one of the most expensive and largest private homes in the world.
It is designed to withstand a magnitude 8 earthquake. The top six floors are private residential areas. The structure's design incorporates the lotus plant and the sun.
The structure is 27 storeys, 173 metres (568 ft) tall, over 37,000 square metres (400,000 sq ft), and with amenities including a 168-car garage, ballroom, nine high-speed lifts, a 50-seat theatre, terrace gardens, swimming pool, spa, health centre, temple, and a "snow room", which produces snowflakes from its walls.
It was constructed between 2008 and 2010.
In 2007, due to a sustained real-estate bubble in Mumbai, Ambani's unbuilt house and the 4,532-square-metre plot on which it was being erected were already estimated to be worth more than US$1.2 billion.[unreliable source]
In 2014 it was considered the world's most expensive private residence, costing between US$1 and 2 billion to build.
As of 2023 it was valued at $4.6 billion, as average annual growth rate of prices on homes in Mumbai from 2010 to 2020 was 11.2 per cent. Prices in Mumbai increased by 100 per cent in 2006 and 19 per cent in 2012.
The 4,532-square-metre (1.120-acre) land on which Antilia was built, previously housed an orphanage called Currimbhoy Ebrahim Khoja Yateemkhana (Kareembhai Ibrahim Khwaja Orphanage) belonging to a charity run by the Waqf Board. The orphanage had been founded in 1895 by Currimbhoy Ebrahim, a wealthy shipowner. In 2002 the trust requested permission to sell this land, and the charity commissioner gave the required permission three months later. The charity sold the land allocated for the purpose of education of underprivileged Khoja children to Antilia Commercial Private Limited, a commercial entity controlled by Mukesh Ambani, in July 2002 for ₹210.5 million (US$2.5 million). The prevailing market value of the land at the time was at least ₹1.5 billion (US$18 million).
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