Rs 1,649 Crore! Indian Billionaire's Family Buys One Of The World's Most Luxurious Homes In Switzerland

Indian-origin billionaire Pankaj Oswal and his wife Radhika Oswal have recently acquired one of the most expensive residences in the world, situated in Switzerland. This luxurious home, called Villa Vari, was purchased for a staggering amount of Rs 1,649 crore.

The lavish 'Villa Vari' in Switzerland

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Situated in the peaceful countryside, this luxurious custom-built house offers a breathtaking view of the snow-covered peaks of Mount Blanc. Spanning an expansive area of 4.3 lakh square feet, the property provides ample space for luxurious living.

Pankaj Oswal and his wife Radhika Oswal made an extraordinary purchase, spending a staggering amount of $200 million or Rs 1,649 crore for this lavish home in Switzerland, as per an ET report.

Widely recognized as one of the world's most expensive residences, this house stands among the top 10 in terms of price and prestige.

Scenic location of the luxurious house

Nestled in the charming village of Gingins, which is just a short 15-minute drive from Geneva, the property offers breathtaking views of the snow-covered Alps. Villa Vari holds the distinction of being the largest estate in the Canton of Vaud.

Who is the billionaire Pankaj Oswal?

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Pankaj Oswal is the son of the late Abhay Kumar Oswal, who founded Oswal Agro Mills and Oswal Greentech. He is an industrialist himself. Following his father's passing in 2016, Pankaj Oswal took charge of the Oswal Group Global, which encompasses diverse business interests in petrochemicals, real estate, fertilizers, and mining, as per ET.

For the past decade, the billionaire couple Pankaj and Radhika Oswal, along with their two daughters Vasundhara and Ridi, have made Switzerland their home after relocating from Australia. Now, they have found their permanent abode in Villa Vari, a property that holds a special place in their hearts as it bears the names of their beloved children.

Who was its previous owner?

Before being acquired by the Oswal family, the villa had belonged to Christina Onassis, the daughter of the renowned Greek shipping tycoon Aristotle Onassis.

Renovation of the lavish home after purchase

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Following its purchase, the Oswal family initiated a redesign of the property, transforming it to suit their preferences and style. As per a GQ report, the renowned interior designer Jeffrey Wilkes was entrusted with the responsibility of renovating the villa.

Designer Wilkes has established a strong reputation through his work on prestigious properties such as Oberoi Rajvilas, Oberoi Udaivilas, and the Leela Hotels. Bringing his expertise to the project, Wilkes has given the mansion a remarkable makeover, adorning it with lavish and exotic furnishings sourced from various parts of the globe. The interior d¨¦cor showcases lofty ceilings, subtle colour palettes, and intricate filigree work, creating an atmosphere of elegance and sophistication.

Luxurious lifestyle of the billionaire family

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In addition to the grand mansion, the Oswal family possesses a range of extravagant possessions, as reported by Elle. These include a private jet, a yacht, and luxury sports cars such as Bentley and Lamborghini. Their opulent lifestyle extends beyond their primary residence, with the family owning luxurious properties in various locations worldwide.

With a net worth exceeding $3 billion, the Oswal family reportedly has established their wealth through investments in diverse sectors, including petrochemicals, real estate, fertilizers, and mining. Their business ventures have propelled their financial success and allowed them to indulge in a life of luxury and extravagance.

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