December 12th 2024.
Have you heard of Antilia? It's the world's most expensive private residence, and it's actually inhabited by the Ambani family. This place is no ordinary home - it's more like a temple, an ice cream parlour, and a six-floor garage that can fit 168 supercars. Can you believe it? And these are just a few of the incredible features of this extravagant residence.
When we say luxury, we mean Antilia. This 400,000-square-foot palace towers over downtown Mumbai, standing 27 storeys tall. It's the home of billionaire Mukesh Ambani and his family, located on Billionaire's Row where property prices are known to be sky-high in India. And not only is it luxurious, but it also has Hollywood credentials. It was almost used as a set for Christopher Nolan's blockbuster movie Tenet, starring Robert Pattinson. However, the tight security measures at Antilia meant they had to find another filming location.
Did you know that it took two years to build this magnificent home? And that's not surprising considering its nine high-speed lifts, ballroom, theatre, swimming pool and spa, and even a health centre. But perhaps the most extravagant feature of all is the snow room. Yes, you heard it right - a room that produces snowflakes from its icy walls. This is a rare sight in Mumbai, where the lowest temperature ever recorded was just 7.4 degrees Celsius. The family uses this room to cool down during the hot Indian summers.
The towering property was constructed between 2008 and 2010 by American architecture firm Perkins & Will, and it cost a whopping $2 billion. But wait, there's more. In 2023, the Antilia was revalued and is now estimated to be worth double its original cost, at a staggering $4.6 billion. So, you might be wondering, how much would the mortgage repayments be on a property like this? Assuming a 10% deposit, the mortgage debt would be a mind-boggling $18,000,000,000. With a 4.5% interest rate and a 25-year repayment term, the monthly payments would be a jaw-dropping $10,001,080, with a total repayment term of $3,000,324,060.
Despite its grandeur, there are rumours that the Ambani family only occupies one floor of the 27-storey building. This has been supposedly confirmed by Times of India, and it has sparked various discussions on Reddit. Some are questioning the point of having all those floors if they only use one. But as one user pointed out, "I'm not the billionaire."
It's also worth noting that the lavish Antilia is located in the same city as Dharavi, one of the world's largest slums. This slum, which was featured in the movie Slumdog Millionaire, is less than one square mile but has an estimated population of one million people living in poverty. This was brought up by former chairman of the Tata Group, Ratan Tata, who believes that the wealthy should use their resources to help alleviate the hardships of the less fortunate.
He's not the only one who has criticized the Ambanis for constructing such an extravagant property. Renowned Bollywood film director Prakash Jha also shares the same sentiment. However, the Antilia now stands where the Currimbhoy Ebrahim Khoja orphanage used to be. This site, which was formerly owned by a charity run by the government body Waqf Board, was sold to Antilia Commercial Private Limited, a company owned by the current owner of Antilia.
In the UK, the most expensive home is a £250 million palace in Regent's Park, known as The Holme. It was put up for sale in 2023 and surpassed the previous record holder, a £210 million mansion in Hyde Park. This 29,000-square-foot property was built in 1818 and boasts 40 bedrooms, eight garages, an underground swimming pool, and a private tennis court. It may not be as expensive as the Antilia, but it's still quite a luxurious home.
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