Chairman of India’s leading conglomerate Reliance Industries, Mukesh Ambani is highly optimistic about economic growth in India. In a recent conference, he gave his opinion about the future and Indian economy and said Indian economy would reach a whooping $5 trillion mark by 2022-2025.
ICICI Bank chairman, K V Kamath has also positive thoughts about Indian economy. He also said India would be $5 trillion economy by 2022. These business leaders, among others, gathered at Institute of International Finance (IIF) to attend a discussion.
Speaking at the discussion meeting, Mukesh Ambani said, “India will be a USD 5 trillion economy by 2022-25. There can be a debate whether it would 2022 or 2025.”
Ambani also praised the budget 2011-12 and said proposed fiscal consolidation will help India build a foundation for the strong growth.
Citibank CEO Vikram Pandit who is currently on his India visit was also present in the discussion. Pandit, who is intentionally giving more business focus of Citibank on emerging economies, urged the need of increasing trade and commerce. He said this will be of more help to developing economies. Pandit said the though we have recovered from financial crisis, reasons of it are still needed to be resolved.
Best Regards-M.f.g-Saludos-v.h
Stefan Katafai
President@Agent4Stars.com
+34 637 97 37 42
http://www.Agent4stars.com
The new house of Billionaire Mukesh Ambani ‘Antilla‘ may out price any other home in the world, however is not in the Forbes’ list of most costly homes as the house is not for sale, the reports said.
The reports said that Antilla is worth 630 million pounds, or $ 1 billion. The well-liked magazine adds further, “Even though new mansions might have come up since but at staggering $ 1 billion the Antilla out prices any home on the market, anywhere in the world”.
Named after a mythical island, the real Antilla sounds almost like a myth itself.
But not only is it the world’s first billion dollar home, it has been built in one of the world’s poorest countries.
Mukesh Ambani, 53, India’s richest man, has recently built the 27-storey building in Mumbai. Billed as a “family home”, it is worth a cool £630m. He is trumping a famous name – American Donald Trump owns Trump Towers, 58-storey skyscraper in New York estimated to be worth $318 million.
Mr Ambani ranks as the fourth richest man in the world and is said to have a personal wealth of £18bn. He owns a significant chunk of Reliance Industries – the oil, retail and technology giant.
His brood of four children and his wife should find it accommodates them nicely. Antilla replaces their former residence which stands at a mere 14 storeys. A staff of 600 will be on hand.
The building cost an estimated £44m to construct, but local property prices mean its sale value is £630m. Mumbai’s land is in high demand, meaning property prices are colossal.
There is ample room to swing a clowder of cats: its 37,000 square metres of space make it larger than the Palace of Versailles. The property comes complete with three helipads, should a multi-millionaire friend happen to drop by. This handy feature means visitors can avoid the notorious Mumbai traffic.
However, mere mortals who do drive cars are likely to find a bay in the 160-space car park contained within the building. There is also a 50-seater cinema, ballroom and countless bedrooms and bathrooms. The health-conscious can enjoy its swimming pool, health club, gym and dance studio. The not-so-health-conscious can use one of the property’s nine lifts to travel between storeys.
As one would expect, the upper floors of the building offer panoramic views of the sprawling city – including the Arabian Sea.
The interior of the building is furnished with glass, steel and tiles. Workers have used local materials in the construction.
There will be no need for the standard house pot plant: a four-storey hanging garden provides greenery. Chandeliers, in both glass and gold, adorn the interior.
Designers also paid heed to an Indian version of feng shui to ensure good luck. In contrast to his somewhat conspicuous home, Mr Ambani is himself a very private man. Apparently he prefers home-cooking to eating out: no doubt one of his many kitchens will service this passion.
No other private property in the world is of comparable stature.
For now, Mr Ambani is king of the property castle. He is predicted to hold a lavish housewarming later this month. So if you have your own helicopter, you want to clear a space in your diary.
Best Regards-M.f.g-Saludos
Stefan Katafai
President@Agent4Stars.com
+34 637 97 37 42
http://www.Agent4stars.com
skype : Stefan.katafai
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