Monday, November 15, 2010

Rashtrapati Bhavan Is The Costliest Home In India

Rashtrapati Bhavan Is The Costliest Home In India
Though Mukesh Ambani's vaastu-compliant building 'Antilla' is 550-feet tall and has about 400,000 square feet of floor space, with residential and guest accommodation, maintenance levels, a ballroom (wall-to-wall crystal chandeliers), entertainment stages and theatres, gyms, six parking levels, a garden level, a swimming pool, and that Mumbai necessity, an ice room (complete with snow flurries), it is still not the most expensive home in India. The presidential estate, Rashtrapati Bhavan, with its Mughal Garden, nine tennis courts, polo ground, 14-hole golf course and cricket ground, occupies over 350 acres in the centre of Delhi and is the most expensive house in India. The Rashtrapati Bhavan took 17 years, 700 million bricks and 3 million cubic feet of stone to build. It was finished in 1929 and inaugurated in 1931. It cost Rs 1.4 crore to build, which in today’s money, assuming a conservative 6% inflation rate over 80 years, would be Rs 150 crore.