Thursday, February 17, 2011

Mukesh Ambani’s new house – Antilla


Thought it will be interesting to cover the house being constructed in Mumbai’s Altamount Road by the world’s richest man – Mukesh Ambani. Yep, he’s officially the richest now with the skyrocketing share prices of RIL.

The house (called Antilla) is being valued at Rupees 4000 crores and will be 173 metres tall. Normally that is the equivalent of a 60 storeyed tower, but in this case each floor is more than twice the height of a normal floor, with the result that the building will only have 27 floors when completed. Given the prevailing state of skyscrapers in Mumbai, this building will be more than twice as tall as the earlier tallest buiilding. The view from the top will be breathtaking, no doubt.

Some other absurd facts about this ‘house’..
3 helipads on top. Mumbai corporation has not given permission for making this operational yet.
Hanging gardens within the structure
Swimming pool within the structure
A two storey Health centre
Parking space for 168 cars (6 floors). I initially thought that meant there will be a mini office in the building but apparently that is not the case. All these cars will belong to Mukesh Ambani! Just in case you are interested, he drives a 5 crore Maybach now.
A floor exclusively for servicing these automobiles within the building.
A floor for Home theatre – sitting capacity of 50

Most absurd of all, the house will have a staff of 600 (sic) to do the maintenance activities. That gives a ratio of 1:100 for people living in the house and those who are paid to take care of it. The six lucky (?) ones are the man himself, his wife, his 3 children and his mother Kokilaben. The family will be moving in from their old home ‘Sea Wind’ which was a 14 floor building at Cuffe Parade.

In fairness, Mukesh bought the property in 2002. So he has not spent anywhere close to the $1 billion people are now valuing the property at. And it is not just him, plenty of other rich tycoons have indulged in their residences. Two people who immediately come to mind are Mittal & Gates.

UK-based steel tycoon Lakshmi Mittal (he is still an Indian citizen though) bought the most expensive house in London last year, paying £60m for a place in Kensington Palace Gardens.Microsoft founder Bill Gates had his house built as technology showpiece several years back. The house is reputed to have cost upwards of $100 million. I will write about this particular property sometime in the future. It is much more interesting than the Ambani house, because Gates tried to implement many new, yet to be proven technologies in his blueprint.

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