Antilia - World's Priciest Home

Antilia - World's Priciest HomeIndian billionaire Mukesh Ambani has hosted a lavish house-warming for his new 27-storey residence, believed to be the world's most expensive home.

About 80 people attended the party in Mumbai on Friday, reported the Times of India. One guest described the house as "the Taj Mahal of the 21st Century".

Mr Ambani, said to be India's richest man, moved into the house last month with his wife and three children.

Reports suggest the residence is worth more than $1bn (£630m).

The skyscraper in Mumbai (Bombay), which overlooks sprawling slums, is said to have a cinema, swimming pools and a helicopter pad, and is named "Antilia" after a mythical Atlantic island.

Local newspapers said the house would require 600 members of staff to maintain it, and according to the Times of India, the first electricity bill, for September, is costing Mr Ambani 7m rupees (£98,000).

The house has sparked some controversy, with anti-poverty campaigners underlining the contrast between the luxury of the house and the plight of those who live in Mumbai's slums, which house about half of the city's 18 million people.

The house, which has a temple on the ground floor and a library on the top, was designed according to Vaastu principles, an Indian tradition similar to Chinese feng shui.

According to Forbes magazine, Mr Ambani, 53, has amassed a $27bn (£17bn) fortune.

He is chairman and managing director of Reliance Industries, one of the largest conglomerates in the world, and also owns the Indian Premier League team, the Mumbai Indians.

Via BBC

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