Dec 192015

Expensive Home

Realty developer Lodha Group recently made news for selling a super luxury duplex apartment in Mumbai for Rs 160 crores. The 10,000 square feet apartment was priced at Rs 1.60 lakhs per sq. feet, making it the highest per square feet cost. The flat was bought by the Jindal family, which runs Jindal Drugs.

According to the Credit Suisse Global Wealth report, there are a total of 2,080 ultra high net worth individuals in India having wealth of over USD 50 million. With such numbers, it is no wonder that the country is home to some exorbitantly priced homes that cost upwards of Rs 100 crores.

Here we take a look at some of the most expensive homes in the country:

Antilia: Named after a mythical island in the Atlantic Ocean, Antilia is undoubtedly the world’s most expensive private residential property. The Mukesh Ambani residence costs close to a mind boggling Rs 10,000 crores and covers an area of 48,000 sq feet. The residence redefines uber luxury, with its 27 floors with extra high ceilings, a multi-storey garage, a ballroom, spa, a helipad, and every other luxury that you can dream of.

Anil Ambani’s Abode: Giving competition to his elder brother is Anil Ambani with his ultra expensive home, Abode, which is still under construction. While initial plans were to build a 150 metres high tower, built over 16,000 square feet, the height had to be cut down to 66 metres post complaints from neighbours at the posh Pali Hill locality where it is being constructed. The house is reportedly worth Rs 5,000 crores.

Mannat: The king of Bollywood deserves nothing less than a palace for himself. Shah Rukh Khan owns one of the most expensive celebrity homes in the country, Mannat, designed like the white house and valued at close to Rs 150 crores. The house has six floors, is spread across 26,000 sq feet and is known for its exquisite décor, pieces of art and installations, furniture and curios.

White House in the Sky: Imagine living in a White House set on a one acre land, high above the ground. That is Vijay Mallya’s house for you – much like everything else he stands for – sheer extravagance. This ambitious, luxurious house sits on the 33rd and 34th floors of the UB City’s Kingfisher Towers in Bengaluru, and houses a wine cellar, indoor pool, salon, a helipad, and a range of other luxuries. The building is also home to other super expensive homes and has 82 apartments, 10 for Mallya’s family, and the rest for sale. The home is valued at around Rs 125 crores.

J.K House: Belonging to the Singhania family, the J.K House rivals Ambani’s Antilia in its grandeur. Standing at a height of 145 metres, with 37 floors, the residence is touted to be the second tallest private residence in the country, after Antilia, and is located near the Ambani residence. Along with the living quarters, once completed, the building will also house a museum, multi storey parking, a helipad, a health centre and a range of other facilities.

Ratan Tata’s Cabins: Much like the man himself, Ratan Tata’s home, called Cabins, shies away from opulence, but stands out in its sophisticated architecture and design. The house, which Tata retired to in December 2012, is spread across 13,500 sq. ft, consisting of three storeys, divided into seven levels, and offering a panoramic view of the sea. Apart from its living quarters, the house boasts of a party sun deck which can host 50 people, with a built in barbeque and bar. The elegant residence is valued at Rs 125-150 crores.

Ruia residence: Brothers Shashi Ruia, the Chairman of Essar group and Ravi Ruia, the Vice Chairman, own a luxurious bungalow in Delhi’s posh Tees January Marg. Set on a 2.26 acre, the property has a signature colonial garden and swimming pool. While the Ruias also own property in Mumbai and London, this sprawling house is definitely the most expensive one, valued at Rs 120 crores.

Rana Kapoor residence: The CEO of Yes Bank is also the proud owner of a super expensive house at Mumbai’s elite Altamont Road. The residential building, situated next to Ambani’s Antilla, has six apartments in total, where the banker family own five, and the sixth is owned by the British healthcare company, GlaxoSmithKline. The building is valued at upwards of Rs 125 crores.

Maheshwari House: Located on Napeansea Road, the Maheshwari House, bought by Steel baron Sajjan Jindal at a whopping Rs 400 crores in 2011, is one of the most expensive homes in the country. The old house will be redeveloped into a sea facing mansion and a luxury residential tower exclusively built for the Jindals.

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