Where is home to the priciest property?

By Andrew Batt

Antilla

Here's a question for you. Where is the world's most expensive property?

PropertyGuru's recent story about the S$108 million (RM443 million) asking price for a Sentosa bungalowpales into insignificance when compared to the estimated US$1 billion (RM3.13 billion) price tag for the 27-storey Antilla Tower (pictured).

Boasting three helipads, six floors of parking, its own ballroom, 50-seat cinema and 398,000 sq ft of living space, you'd be forgiven for thinking this mega home punctuates the skyline of New York or London. It doesn't. This is the Mumbai home of India's richest man Mukesh Ambani, also ranked by Forbes as the fourth richest man in the world.

Completed last year, this mega-home has hit the headlines again this month because Mr Ambani's wife Nita has spoken to Vanity Fair magazine and allowed cameras into her home for the first time.

Media reports late last year speculated on whether the family had moved in, suggesting that an Indian form of architecture, similar to feng shui, was not correct. But in the interview for the June edition of the magazine Mrs Ambani confirmed they took upresidence in September 2011.

The 568-ft tall tower took three years to be completed and is currently home to Mr and Mrs Ambani and their three children - and media reports have suggested a staff of around 600 people is employed to look after the family and their property. It's widely regarding as the largest and most prominent private home anywhere in the world.

The Ambanis have also faced widespread criticism for building their sumptuous home in a city where millions make their homes in slums, and hundreds of thousands of people live without a roof over the head.

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