The chairman of Reliance Industries, who has a net worth of $29 billion, spent an estimated $1 billion on "Antilla," in Mumbai's upmarket Altamount Road.
The 400,000 square foot residence will be occupied by Ambani, his wife Nita, their three children and his mother.
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Billionaire in India still not living in luxurious home
27-story house with three helipads widely considered the world's most expensive private residence.
The New York Times
INDRANIL MUKHERJEE / AFP/GETTY IMAGES
Billionaire Mukesh Ambani built a towering house, at left, in Mumbai, but he and his family have not moved in.
MUMBAI, India — When the richest man in India completed his extravagant 27-story house here last year, it incited a public debate along the lines of "What's he trying to prove?"
Now, the chatter involves a different question: Why hasn't he moved in?
The owner, Mukesh Ambani, and his spokesman have declined to discuss the matter, leaving plenty of room for theories. One popular explanation is that despite the time and money lavished upon it, the building does not conform to the ancient Indian architectural doctrine known as vastu shastra. (More on that below.)
Certainly the home — which is called Antilia and according to Indian news reports has three helipads, six floors of parking and a series of floating gardens — looks lived in.
At night, the cantilevered tower is lit up bottom to top, inside and out. Members of the city's moneyed class report having attended movie screenings in the theater and eaten dinners in the grand ballroom, served by a staff trained by the luxury Oberoi hotel chain.
Yet, friends of the family say that after the last canapes have been served and the guests have bidden goodbye, the Ambanis often decamp to Sea Wind. That is the more modest, 14-story apartment tower at the south end of the city that Ambani, his wife, Nita, and three children share — on different floors — with his mother and his estranged younger brother, Anil, and Anil's family.
When does Mukesh Ambani plan to move into Antilia?
"I have asked him the question twice," said a friend who has attended several parties there. He asked not to be identified for fear of ruining his relationship with Ambani, whose net worth Forbes has estimated at $27 billion.
"He said, 'Yes, we'll go next month. Let it be done.' They don't talk about it."
Another close family friend confirmed that the Ambani family did not live at Antilia but said members did sleep there "sometimes." This friend, who also asked not to be identified to avoid offending Ambani, had no explanation.
Tushar Pania, a spokesman for Ambani's company, Reliance Industries, dismissed questions about whether the family was living at Antilia as idle gossip.
"It's a private home. There is no reason to discuss it in public," he said.
He said the family had moved in, but when asked whether the family still lived at Sea Wind, he revised: "They live in both places."
But why would someone build what is widely considered the world's most expensive private residence and then use it as a pied-a-terre?
Some friends, business associates and Ambani watchers offer the vastu shastra explanation, which gained wider currency earlier this year when DNA, an English-language newspaper in Mumbai, published an article about it citing "sources in the know."
Vastu, a philosophy that is particularly significant in Hindu temple architecture, emphasizes the importance of directional alignments that create spiritual harmony. Many Hindus believe that living in a building not built according to vastu principles brings bad luck.
Basannt Rasiwasia, a vastu expert whose clients include prominent businessmen and their families — although not Ambani — said Antilia appeared to run afoul of one of the key principles of vastu: The building's eastern side does not have enough windows or other openings to let residents receive ample morning light.
"From the outside, what I see is that the eastern side is blocked, while the western side is more open," Rasiwasia said. "This always leads to misunderstanding between team members or sometime may create issues. This also indicates more hard work to achieve moderate success. There is more negative energy coming from the western side."
Rasiwasia cautioned that he could not provide a full analysis, as he had not been inside the building, which was designed by the architectural firm Perkins & Will and the interior-design firm Hirsch Bedner Associates, both American. Officials from the firms declined to comment, citing confidentiality agreements.
Even before it was built, Antilia was clouded by controversy. Ambani acquired the plot where the tower sits, on Altamount Road, in 2002. He bought it for 215 million rupees, or $4.4 million at the current exchange rate, from a Muslim charitable trust that elsewhere operated an orphanage.
Muslim political leaders and other critics said that the land was sold for only a small fraction of its market value. Ambani acquired the property in an auction, and his spokesman has denied allegations that he paid less than the land's market value.
Last year, as Antilia was nearing completion, many Mumbai residents criticized the building as an ostentatious display of wealth in a country where most people live on less than $2 a day and in a city where more than half the population lives in slums.
Many domestic and foreign newspapers — including The New York Times — wrote about those sentiments, which one friend said had upset the Ambanis.
Gyan Prakash, a history professor at Princeton University in New Jersey who wrote the book "Mumbai Fables," said the criticism could have influenced the family's decision not to make Antilia its full-time residence.
"It is one thing to brashly announce your arrival in the billionaire's club by looking down on the rest of the city from your gated community in the sky," he said via email, "but then you may realize that it is lonely at the top!"
But even if the Ambanis now have reservations about Antilia, the building appears to have some admirers. Eight hundred meters, or a half-mile, away, in the waterfront Breach Candy neighborhood that is home to the U.S. Consulate, another rich Mumbai business clan, the Singhania family, is building a tower with cantilevered floors. Many say it resembles Antilia.
The move-in date? Don't ask.
Sagar Joshi, a spokesman for Raymond Ltd., the retail company controlled by the Singhanias, declined to answer questions about the building
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