Does Antilla stands on Wakf’s property?4 years ago
Mumbai: Antilla is in trouble. The 27-storey building that Mukesh Ambani erected for his personal use may be probed by the government on alleged irregularities in the sale of the land.
The house costing around $1 billion is one of the most expensive one in the world.
It is alleged that the land on which the luxurious residence stands is built on Wakf property.
According to reports, senior members of the state Wakf board and a Minorities minister have alleged that the plot was reserved for the education of Muslim children.
The land was sold to the chairman of the Reliance Industries by the Currimbhoy Ebrahim Khoja Orphanage Trust for Rs.21.5 crore ($4.77 million) in 2002.
The deal was finalised without the approval of the Wakf board.
The Maharashtra State Wakf Board, which oversees the maintenance and administration of Wakf property and land.
Wakf in Islamic law is property or land reserved for religious or charitable purposes.
The actual price of the 4,532 square metre (48,782 square foot) plot, as per other sources, comes to a staggering Rs.500 crore.
Mukesh Ambani is the ninth richest man in the world with a fortune of $27 billion according to Forbes.
Antilia stands on upmarket Altamount Road in south Mumbai and has six floors of parking, swimming pools, a ballroom, a cinema and three helipads.