Business Standard

Ambani's home in the skies costliest

Image

Press Trust Of India New York

But still doesn’t figure in Forbes’ list of world’s expensive homes.

Billionaire Mukesh Ambani’s $1-billion (Rs 4,400 crore) new abode, ‘Antila’, may outprice any other home in the world, but is not in the Forbes’ list of most expensive homes as the house is not for sale, the magazine has said.

“Our global list limits itself to homes currently on the market, and Ambani’s behemoth isn’t for sale,” the American business magazine has said in a commentary on India’s richest man Mukesh Ambani’s plans to move into his new 27-storey skyscraper in Mumbai later this month.

Meanwhile, UK’s Daily Mail has reported that Prime Minister Manmohan Singh and many others have been invited for Antila’s house warming party later this month. RIL spokespersons could not be contacted for comments.

 

Noting the huge gap between the price-tag of Antilla, the new home of Reliance Industries Chairman, and the other top-priced homes across the world, Forbes said: “The last time Forbes ranked the world’s most expensive homes was November 2009, when The Manor, Candy Spelling’s Beverly Hills mansion won; it was priced at $150 million. “That home is still for sale, and its price hasn’t budged, qualifying it for the number one spot on our list of America’s most expensive homes,” it added.

Noting that the global list was a year old and new mansions may have come on the market since then, Forbes said that still “at $1 billion, the Antila outprices any home on the market, anywhere in the world, by an order of magnitude.” The magazine noted that the home “likely sets a record as the world’s most expensive residential home.” Forbes said that Ambani began work on this home years ago when “he was worth $43 billion (his net worth is down by a third).”

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 18 2010 | 12:24 AM IST

Explore News