Business / Mukesh Ambani, family to move to 49-bedroom UK property bought for ₹592 cr: Report

Vikrant Shekhawat : Nov 06, 2021, 08:27 AM
New Delhi: Reliance Industries Limited (RIL) on Friday rubbished a media report that mentioned Mukesh Ambani and his family will move to London to partly reside in Stoke Park estate, clarifying that the Ambani family has no plans whatsoever to relocate or reside in London.

“A recent report in a newspaper has led to unwarranted and baseless speculation in social media regarding the Ambani family’s plans to partly reside in Stoke Park, London. Reliance will like to clarify that the chairman and his family have no plans whatsoever to relocate or reside in London or anywhere else in the world,” the company said in a statement today.

According to a report in Mid-Day, Ambani—India’s richest person—is planning to shift base to the 300-acre London property in Buckinghamshire, Stoke Park. Citing unidentified sources, the daily mentioned that the Ambanis spent most of their time during the lockdowns and pandemic inside their posh sky-high residence ‘Antilia’ located on Altamount Road—one of the most expensive neighbourhoods located in Mumbai—the family realised they needed a second property to call home.

In April this year, RIL had bought Britain’s iconic country club and luxury golf resort, Stoke Park, for £57 million (Rs 592 crore). As per the newspaper report, the Stoke Park has 49 luxury bedrooms, a state-of-the-art medical facility, a temple which replicates the one in their Mumbai house, ‘Antilia’, among other luxurious things.

Further, the Ambanis also flew down to their new home for Diwali this year, which they generally celebrate in ‘Antilia’. After celebrating Diwali, the Ambani family will return to India and will fly back to their UK mansion next year in April once things have settled and are in place.

RIL today clarified that its group company Reliance Industrial Investments and Holdings Ltd (RIIHL), which acquired Stoke Park estate recently, is aimed at enhancing this as a premier golfing and sporting resort, while fully complying with the planning guidelines and local regulations. 

The acquisition of Stoke Park estate will add to the fast-growing consumer business of the group. "Simultaneously, it will also expand the footprint of India’s famed hospitality industry globally," it said.

After 1908, the mansion, which used to be a private residence, was converted into a country club. According to media reports, the mansion has also featured in a James Bond film.