The Real Estate Blog

After Nita Ambani visited a spa in New York, overlooking Central Park she got inspired with a contemporary Asian interior and inquired a designer. Nita Ambani is the wife of Mukesh Ambani, head of Mumbai-based petrochemical giant Reliance Industries, and the fifth richest man in the world. Ambani’s worth is estimated to be $43 billion. The Ambani couple live with their three children in a 22-story tower in Mumbai.

According to Forbes.com the Ambanis are now planning to build up a 27-story skyscraper in downtown Mumbai, named Residence Antilla and which will be the world’s largest and most expensive home.

Like many families with the means to do so, the Ambanis wanted to build a custom home. They consulted with architecture firms Perkins + Will and Hirsch Bedner Associates, the designers behind the Mandarin Oriental, based in Dallas and Los Angeles, respectively. Plans were then drawn up for what will be the world’s largest and most expensive home: a 27-story skyscraper in downtown Mumbai with a cost nearing $2 billion, says Thomas Johnson, director of marketing at Hirsch Bedner Associates. The architects and designers are creating as they go, altering floor plans, design elements and concepts as the building is constructed.

Some people however think that such a big sum of money could be spent on something more important than just a piece of property. Tim blog posts this opinion.

“Luxury goods and I don’t see to get along too well. I always lose or break them all,so I’d probly spend the money expand on my Tulane scholarship, building a worldwide financial education program start young and go grassroots, aiming to replace the near-useless-in-life priority-flawed Little League program (which would not only be fun to try to do, but infinitely more fulfilling than any thing / piece of property will ever be).”

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