Antilia - The One Billion Dollar Home of Mukesh Ambani

This is the extravagant £630 million or $1 billion home built by a billionaire Indian tycoon to house his family-of-four in Mumbai.

With 27 storeys, Antilia will be home to Mukesh Ambani and features a health club with a gym and dance studio, a ballroom, at least one swimming pool and a 50-seater cinema.

Towering above the Mumbai skyline, the 37,000sq ft property is 570ft high and also boasts three helipads on its roof, space for 160 vehicles on its lower floors and nine lifts.

(click picture to enlarge)

Antilia, built by tycoon Mukesh Ambani for his family of four, towers 27-storeys over Mumbai, India

Antilia in Mumbai India

The vast building is constructed from glass, steel and tiles and also features a four-storey hanging garden which is designed to keep the interior cooler in summer and warmer in the winter.

Glitz and glamour: Crystal chandeliers take up most of the ceiling at this ballroom. There is also a stage for entertainers and a kitchen which can serve hundreds of guests

There are countless lounges throughout the building where fine rugs, chandeliers and mirrors feature heavily

Numerous powder rooms and reception areas lead off the lobby which has nine elevators. Each floor uses different materials to give a differing look

Construction work on the property can be seen. The 37,000 sq ft property features three helipads, a swimming pool and a four-storey hanging garden

 Mr Ambani, 53, who owns much of oil, retail and bio-technology comglomerate Reliance Industries, paid £44million to build his dream property, but astronomical property values in the Indian city mean it is now worth 15 times that amount.

He will employ 600 staff at the property and his family will live in the top floors, where they will enjoy views of the Arabian Sea.

Mr Ambani has surprised many by constructing Antilia - named after a mythical island - as he built his business reputation as a private individual who avoided the flamboyance of India's ultra-rich.

Hamish McDonald, author of a history of the family business Ambani and Sons, told The Guardian: 'Perhaps he has been stung by his portrayal in the media as an introvert.

'Maybe he is making the point that he is a tycoon in his own right.'

Mukesh Ambani, who owns much of oil and retail giants Reliance Industries, paid £44million to build the property and will employ 600 staff there

The interior of the property, on Altamount Road, has been designed by a U.S. firm and has been described as 'Asian contemporary'.

Mr Ambani will hold a house warming party at his new home later this month.

Among guests is India's prime minister Manmohan Singh, who has previously called on business tycoons to be 'role models of moderation'.

Shiny Varghese, deputy editor of Indian magazine Design Today, said: 'It's so obscenely lavish that I'm not sure too many people will go all that way, but we are heading into the sort of culture where money is not a question when setting up a home.'

According to Forbes magazine, Mr Ambani is worth £18billion. He is the richest man in India and the fourth richest in the world.