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Indian man builds home for $1bn

World Events

Indian man builds home for $1bn

Jorge Hernandez October 29, 2010

Mukesh Ambani, the wealthiest man in India, has recently completed building the world's most expensive home in Mumbai, which is one of the world's poorest cities.

The house, at 400,000 square feet, is worth about $1 billion. Called "Antilia", the house is comprised of 27 floors, includes a plethora of terraces, airborne swimming pools and hanging gardens, nine elevators, a parking garage and three helipads on the rooftop. A spa, a 50-seat theater and a ballroom are also housed in the giant mansion, reports the New York Times.

Around 600 servants and staff are expected to serve the houses' five residents: Ambani, his wife and three children, according to Business Review India.

Ambani's $27 billion fortune ranks him the fourth richest person in the world. He inherited most of his fortune from his father, Dhirubhai Ambani who established Reliance Industries Limited, the world's largest producer of polyester fibers and yarns.

The billionaire has kept the details of his home quiet for the most part. He has so far refused to comment about the project and required designers, decorators and other contractors to sign confidentiality agreements.

Some people believe the house serves more as a statement than a functional home. "It's kind of returning with a vengeance to where they made it into the middle class and trumping everybody. He’s sort of saying, "I'm rich and I don’t care what you think," Hamish McDonald, who chronicled the Ambani's family history in his new book, Mahabharata in Polyester: The Making of the World’s Richest Brothers and Their Feud, told the New York Times.

Because around 62 percent of Mumbai's population live in slums, many would expect a sentiment of resentment toward the Antilia. However, Indians regard the mansion with a sense of pride and tend to believe that everyone has a chance at similar wealth. " Everyone thinks that they can get there as well. They might not actually get there, but there’s always hope, Samar Halarnkar, editor of the Hindustan Times told GlobalPost.com.