From the WSJ's Developments blog:
India’s richest man has built what is said to be the world’s first billion-dollar home. Yes, that’s billion with a “B.”
Mukesh Ambani, his wife and three children plan a housewarming party for the 27-story Mumbai pad later this month. In addition to decadent food, attendees can glimpse three helipads, a health club, dance studio, 50-seat movie theater and underground parking lot with enough room for 160 cars, the New York Daily News reports. An American firm oversaw the interior design.
The house didn’t cost $1 billion to build, of course, but construction did cost millions of dollars. Given Mumbai’s astronomical property prices, the finished product is worth many times the construction tab. That’s where the billion-dollar figure comes in.
The home is rumored to have a wait staff of 600, bigger than the staff of many small companies....MORE