Indian Tycoon's Tower

Construction is underway, albeit with some delays, on one of India's highest profile and most opulent projects—the Antilia, a 490-foot-tall corporate meeting facility and private residence in Mumbai. Chicago-based Perkins + Will designed the 24-story tower for business tycoon Mukesh Ambani, whose family will occupy roughly 35,000 square feet in its top floors.

It seems fitting that for a building named after a mythical island, rumors have swirled about the exact program of Antilia since a local newspaper first published renderings of it earlier this year. Ambani, who is chairman of the petro-giant Reliance Industries, has a net worth estimated at more than $21 billion. Some accounts falsely reported that the tower will rise 60 stories and that the Ambani family would occupy all of it.