Mumbai is the financial capital of India. Hence it makes sense that some of the biggest business tycoons in the country consider Maximum City as their home. However, so do 1.84 crore other people, according to the 2011 census. Since the city is so densely populated, it comes as no surprise that property prices in Mumbai have skyrocketed higher than the tallest skyscrapers. But when you’re a billionaire like the below mentioned business tycoons, the only thing you really need to worry about is how fancy you want your house to be. Here are some of the most expensive residences of India’s business tycoons. And some of them really went all out. Check out some of the most expensive homes these business tycoons own in Mumbai.
The Business tycoons that have homes in Mumbai are as follows –
- Mukesh Ambani – Antilia
Unsurprisingly, the number one spot for the most expensive residence in the world goes to the Mumbai home of India’s richest man, Mukesh Ambani. In fact, Antilia is the second-most valuable residential property in the world, only being beaten out by UK’s Buckingham Palace.
Even still, it continues to carry the world’s most valuable private residence, which is also the largest and most elaborate. Located in Mumbai’s Altamount Road neighbourhood, Antilia is 750-feet tall and has 27 stories with extra-high ceilings. According to Architectural Digest, Antilia is spread across 400,000 square feet and it boasts of amenities such as three helipads, a 168-car garage, a ballroom, 80-seat theatre, terrace gardens, spa and a temple. The business tycoon’s house can withstand earthquakes rated 8 on the Richter scale and according to Economic Times can reportedly houses 600 people just as staff.
- Ratan Tata – Retirement Home
In 2008, the Chairman of the Tata Group invested in a ₹150 crore retirement home. This bungalow is located right on the water’s edge in Colaba. According to reports, it reportedly has three-storeys and is spread across 1,240-square-meters.
The house is painted in all white from top to bottom and is not flashy at all. Either side of the first two floors comprises living areas of 600 sq ft each. The ground floor houses the living room, a kitchen, a study and a bed room. The first floor has a large sundeck running across the entire floor and has two attached bedrooms, along with a study. The second floor has three more bedrooms, one more living room and a library. And the last level is home to a media room, a personal gym, another bedroom, an infinity pool and a lounge. Lastly, the basement holds quarters for the staff and has parking space for 12 cars.
- Kumar Mangalam Birla – Jatia House
When the Jatia House, located in Mumbai’s Malabar Hills neighbourhood went on sale in 2015, the Aditya Birla Group chairman made a record deal in its bid. He paid a whopping ₹425 crore for the 30,000-sq-feet mansion.
It faces the beautiful Arabian Sea and is the private residence of the Birla family. It is reported to have 20 bedrooms, with wall cladding and ceilings made of Burma teakwood. It also boasts of a central courtyard and a garden that opens up to a pond. It originally belonged to the Jatias of Pudumjee Paper Mills-fame, who bought it from Meher Cawasji Vakeel in 1972. MP Jatia, the mills founder had reportedly moved from Burma to Mumbai in 1964 and wanted to replicate his home here.
- Sajjan Jindal – Maheshwari House
Before Kumar Mangalam Birla’s deal, it was Sajjan Jindal who paid the most amount of money for a house. Back in 2011, the chair of Jindal Steel paid ₹400 crores for the Maheshwari House. Located in Mumbai’s Napean Sea Road, the Maheshwari House is spread over a little more than an acre and three stories.
This sea-facing bungalow also has a sprawling porch as well as a large garden. After purchasing the home, the business tycoon is set to have put it down for renovations. Prior to this acquisition, the Jindal family resided in the Jindal House situated in Walkeshwar.
- Cyrus Poonawalla – Lincoln House
If you’ve ever passed by Breach Candy in Mumbai, a massive yellow castle-like structure must have surely caught your eye. This property was originally built for the Maharaja of Wankaner, HH Sir Amarsinhji Banesinhji and his son. In 1957, it was leased to the US Government and served as the Consulate General in Mumbai.
However, in 2015, Cyrus Poonawalla, Chairman of the Poonawalla Group, bought it for residential purposes. He paid ₹750 crores for it, which was lesser than the asking price, but it still became the most expensive residential property transaction in Indian history back then. The 2-acre grade-III property at Breach Candy has a built-up area of around 50,000 sq ft. However, even five years later, the Poonawallas have still not got full possession of this historic property due a dispute between the Maharashtra government and the Union Defence Ministry over the ownership of the land.
- Isha Ambani and Anand Piramal – Gulita
When India’s richest business tycoon’s daughter got married to the heir of the Piramal ground, the most lavish festivities followed. In 2012, Ajay Piramal, the head of the real estate arm of the Piramal Group bought off Gulita, a bungalow located on Worli Seaface from Hindustan Unilever for ₹452.5 crores, as reported by India Today. This property was united by HU as a training centre for their executives. However, once Isha and Anand tied the knot, his parents gifted this Worli bungalow to the couple as their new home.
Spread across 50,000 square feet, this bungalow features a sizeable entrance lobby. The five upper storeys have a living room, dining halls, triple-height multi-purpose rooms, bedrooms and circular studies. All of which have floor plates ranging between 8,700 square feet and 12,300 square feet. Apart from these rooms, the bungalow also houses lounge areas, dressing rooms and servants’ quarters at different levels. It also has three basements, one of which is reserved for services and the other for parking. The top basement has a large lawn, a pool and a double-height multi-purpose room (the kind where formal and special events could be hosted).
- Godrej Family – Mehrangir Bungalow
Another business tycoon family worth mentioning, in regards to expensive properties owned in Mumbai, are the Godrejs. This iconic bungalow was once home to the visionary scientist, and father of India’s nuclear program, Homi Bhabha. This bungalow was left in custody of the NCPA after Bhabha’s death and the organisation auctioned it back in 2014.
It was bought by Smita Crishna-Godrej, sister of Jamshyd Godrej for a staggering ₹372 crores. The 17,550 sq-ft mansion near Kamala Nehru Park on Malabar Hill is called Mehrangir, because it’s a combination of names of Bhabha’s parents name, Mehrbai Jehangir. Two years after its purchase, this bungalow was reduced to rubble. It, however, remains unclear whether this plot will now be used for the Godrej’s private residences or will be turned into a sky scrapper.