Antilia is a 27-floor personal home in South Mumbai belonging to businessman Mukesh Ambani, chairman of Reliance Industries. full-time staff of 600 maintains the residence, reportedly the most expensive home in the world.
Status : Completed
Type : Personal Residential
Location : Altamount Road, off Pedder Road, South Mumbai
Coordinates : 18°58′6″N 72°48′35″ECoordinates: 18°58′6″N 72°48′35″E
Construction started : 2005
Completed : 2010
Opening : 5 February 2010
Cost : Officially $500-700m
Floor count : 27
Floor area : 400,000 Square Feet of Living Space
Lifts/elevators : 9
Design and construction
Architect : Perkins & Will
Structural engineer : Sterling Engineering Consultancy Pvt. Ltd.
Main contractor : Leighton Holdings
Name and location
The building is named after the mythical Atlantic island of Antillia. Antillia, according to Aristotle, was a huge island in the Atlantic Ocean known to the Carthaginians.
Antilia was designed by Chicago based architects, Perkins & Will. The Australia-based construction company Leighton Holdings began constructing it. The home has 27 floors with extra-high ceilings (other buildings of equivalent height may have as many as 60 floors). The home was also designed to survive an 8-richter scale earthquake.
The transactions surrounding the acquisition of the land on which this building is constructed, as well as various aspects of the construction and design of this building seem to raise significant issues of regulatory malfeasance and corruption among the various parties involved.
In 2002, this property was purchased by a Mukesh Ambani controlled entity - Antilia Commercial Private Limited from the Currimbhoy Ebrahimbhoy Khoja Trust, in direct contravention to section 51 of the Wakf Act.
In 2007 the Maharashtra government said the structure is illegal because the land's owner, the Waqf Board, had no right to sell it, as Waqf property can neither be sold nor transferred. Ambani then obtained a No Objection Certificate from the Waqf Board after paying Rs 16 lakh (U$36,100) and began construction. In June 2011, the Union government asked the Maharashtra government to consider referring the matter to the Central Bureau of Investigation.
Cost and valuation
Indian media had frequently reported that Antilia is the world's most expensive home costing between $1 and 2 billion US Dollars. Thomas Johnson, director of marketing at architecture firm Will and Hirsch Bedner Associates that was consulted with by Reliance during building floor plan design, was cited by Forbes Magazine as estimating the cost of the residence at nearly rs2000 . In June 2008, a Reliance spokesman told The New York Times that it will cost $50–$70 million to build. Upon completion in 2010, media reports again speculated that, due to increasing land prices in the area, the tower may now be worth as much as US$1 billion.
Source : wikipedia