Saturday, October 30, 2010

The Mumbai McMansion: The Ambani Attila, er, Antilia

So, India's richest man builds the world's most expensive "home"
Mukesh Ambani is having a few friends round to celebrate moving into his new Mumbai pad. But as the home has 27 storeys, soars to 173 metres and is worth an estimated £630m, it will be a housewarming like no other.
The building – named Antilia, after a mythical island – will be home to Ambani, the richest man in India and the fourth richest in the world, plus his wife and their three children. It contains a health club with a gym and dance studio, at least one swimming pool, a ballroom, guestrooms, a variety of lounges and a 50-seater cinema.
Good for him--he and his brother, Anil, have not squandered away the wealth they inherited, but have gone on to multiply it many times over.

But, somewhere along the road, I hope the Ambanis will remember a golden rule from India: the "dharma" of a rich person is to create a lot of wealth, and to donate wealth to charity.  The old Indian wisdom recognized that creating wealth is not only ok, but is the duty for some.  But, what comes after that wealth .... something like the "noblesse oblige" in the Western contexts.  Here is one:

संपदो जलतरंगविलोल
   यौवनं त्रिचतुराणि दिनानि ।
शारदाभ्रपरिपेलवमायुः
   किं धनैः परहितानि कुरुध्वम् ॥
- सुभाषितसुधानिधि
Wealth is as temporary as a wave on still water. Youth is just a matter of few years. Our life it self is as uncertain as a cloud of Sharat month (where clouds could get formed and dispersed in a matter of minutes. No rain.) What is the use of all the wealth that you accumulate? Spend them in a way that is helpful to others.
A friend emailed me the link to this commentary, where the author notes:
What I would like to see Ambani do now is emulate Gates on another front: philanthropy.
Gates (and his wife), who have said their children will not inherit their wealth, have proceeded to give it away and also managed to successfully convince several other people like them to follow suit.
Given Ambani’s considerable wealth and influence, a similar move by him could kick-start the all-but-non-existent corporate philanthropy scene here.
BTW, Antilia? ... Seriously! 
I think "Attila" might be more appropriate :)
No wonder then there is this news item:

The house which has become the talk of the town — Mukesh Ambani's new high rise at Mumbai's posh Altamount Road, may soon sport a new name. Apparently, the quaint Antilia, according to insiders, doesn't have as much positive energy as the traditional occupants would like. However, nobody is quite sure yet as to what the new name of the 27-floor apartment would be, which is said to be the world's costliest address. The name is likely to be announced at a traditional function, followed by a high society gathering in the evening of November 28, at Ambani's new abode.

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