Next To Antilia: Meet Mukesh Ambani¡¯s Neighbour With India¡¯s 2nd Most Expensive House Worth Rs 6000 Crore
Meet Mukesh Ambani¡¯s Billionaire Neighbour:?Mukesh Ambani, India¡¯s wealthiest person with a net worth of $114 billion (approximately Rs 9.6 lakh crore) according to Forbes, lives with his family in the famous Antilia, considered the country¡¯s most extravagant home. However, on the luxurious Altamount Road in Mumbai, there is another magnificent residence belonging to Gautam Singhania, the Chairman and Managing Director of Raymond Group.
Meet Mukesh Ambani¡¯s billionaire neighbour
Gautam Singhania¡¯s private residence, JK House, is valued at over Rs 6,000 crore, reports the Times of India. Located on the prestigious Altamount Road, known as India¡¯s Billionaires¡¯ Row, JK House is a neighbour to Ambani¡¯s Antilia, showcasing luxury and grandeur.
With 30 floors of residential splendour, JK House is India¡¯s second-tallest private building. It features lavish amenities, including two swimming pools, five levels of parking, a helipad, spa facilities, a gym, and a home theatre. Additionally, a prominent Raymond Shop is located beneath Singhania¡¯s residence, enhancing the property¡¯s prestige.
Who is Gautam Singhania?
Having assumed leadership of Raymond Group in September 1990, Gautam Singhania orchestrated a strategic overhaul focusing on fabrics and apparel brands. A commerce graduate from Mumbai University, Singhania brings over three decades of expertise in industry, business, and corporate management to his role. His vision for Raymond Group extends beyond domestic acclaim, aiming to establish it as a global leader. The conglomerate¡¯s revenue has surged beyond Rs 50,000 crore, as per GQ.
Gautam Singhania was married to Nawaz Modi Singhania, before they divorced in 2023, after 32 years of being together. They have two daughters; Niharika and Nisha.
Who is Vijaypat Singhania?
Vijaypat Singhania, a distinguished figure in the Indian textile industry, is renowned as the former chairman of the Raymond Group. Once counted among India¡¯s wealthiest individuals, Singhania is the visionary behind a brand synonymous with quality clothing for generations. However, recent events have cast a shadow over his legacy, leading to a bitter dispute with his son, Gautam Singhania, the current head of Raymond Ltd.
Born into a family with a rich heritage, Vijaypat Singhania¡¯s journey began amidst the tapestries of Mumbai. His upbringing laid the foundation for his future endeavours, shaping him into the bold and adventurous personality he would become known for.
Vijaypat Singhania¡¯s Career and the Founding of Raymond
The inception of Raymond Group marked a significant milestone in Singhania¡¯s career. With unwavering determination and a keen business acumen, he transformed Raymond into a household name, synonymous with quality and elegance. His leadership paved the way for the brand¡¯s expansion and diversification, leaving an indelible mark on the textile industry.
He has been honoured with two prestigious awards by the Government of India: The Tenzing Norgay National Adventure Award in 2001 for his remarkable aviation endeavours, and the Padma Bhushan in 2006 for his outstanding achievements in general. Additionally, in 1994, the Indian Air Force bestowed upon him the title of Honorary Air Commodore. Mumbai also recognized his contributions by appointing him as the Sheriff of Mumbai in 2006.
In a significant move in 2015, he transferred his 37% stake in the Raymond Group to his younger son, Gautam Singhania, who was then the chairman. This decision marked the inception of a widely-publicised and enduring feud within the Singhania family, stemming from various issues related to the transfer.
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