Archive for Property Sales
First US $billion Dollar Home In The World
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The ordinary person would be blown away when given news that property can be bought for US $10million, $30million, $60million, $100million. But this is small change when it comes to a property owned by Mukesh Ambani, which is estimated to cost close to US $2billion.
The home, if you can call it this, is a 27-storey block, reaching up 550 feet high and boasting 400,000 square feet of interior living. The owner Mukesh Ambani is head of India-based petrochemical giant Reliance Industries.
Reliance is India’s largest private sector conglomerate (and second largest overall) with an annual turnover of US $35.9billion and a profit of US $4.85billion for the fiscal year ending in March 2008.
The home called ‘Antilla’ is a home with a difference. Apart from the price tag, no two floors are alike, with the artistic and design concept based on a blend of styles with architectural elements to give spaces a consistent feel without repetition.
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Indian Housing Market Expected To Keep Growing
The Indian real estate sector has witnessed a revolution, driven by the booming economy. Growing at a scorching 35 per cent the realty sector is estimated to be worth US $15billion and anticipated to grow at the rate of 30 per cent annually over the next decade, attracting foreign investment worth US $30billion, with a number of information Technology parks and residential townships being constructed across India.
A robust GDP growth and strong macro-economic fundamentals are driving today’s Indian economy towards externalisation, creating new business opportunities with manufacturing and service sector leading the way.
India is the 4th largest economy in terms of GDP which is currently US $3787.3billion. Huge potential business opportunities lie in the sectors such as infrastructure, manufacturing, services, technology, agri-products and education.
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