- 02 Jun 2007 19:44
#1225173
Welcome to capitalism.
Economic Left/Right: -9.75
Social Libertarian/Authoritarian: -9.28
This 60-storey house is for just one family.
India's richest man, Mukesh Ambani, is planning a palace in the heart of Mumbai with helipad, health club, hanging gardens and six floors of car parking.
His wife, mother and three children will live there with him, looked after by 600 live-in staff.
Construction has already started on what will eventually be a 175m tower and planners are aiming to complete it in September 2008.
Earlier this year, Forbes rated Mr Ambani as the richest resident Indian with a net worth of US$20.1 billion.
He came 14th in Forbes' 2007 worldwide rankings.
Currently he is chairman of petroleum major Reliance Industries Ltd, India's largest private sector company
The building, already worth £500 million, could start a rush on skyscrapers.
Daily Mail
1.It is estimated that more than 50% of the 12 million population (2001) in Bombay(Mumbai) live in the slums/shanty towns
Source (Power Point presentation)
Welcome to capitalism.
Economic Left/Right: -9.75
Social Libertarian/Authoritarian: -9.28