The Antilia is being built for Reliance Industries Ltd, India’s largest private sector enterprise (with revenues exceeding $25 billion), and the Ambani family, who own the company. Reliance is a petrochemical corporation whose earnings come from exploring, producing, refining and marketing oil and gas. They are the world’s largest producer of polyester fiber, and a runner-up for several others.
The building will stand on Mumbai’s Altamount Road, where real estate costs as much as $1800/square foot. Although Mumbai is the densest city in the world, with almost 30,000 people per square kilometer, this 500+ foot tall building will only be 27 floors where normally a building of this height would be 60, so that each floor can have exceptionally high ceilings, and 35,000 square feet of the entire building area will be the residential quarters of the Ambani’s.