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Indian Billionaire Pays $120 Million for Occasional Weekend Home

Poonawalla family buy ex-U.S. consulate for holiday home
Former maharajah's palace on two-acre seaside plot in Mumbai

Lincoln House in Mumbai.
Photographer: AFP/Getty Images

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By Pooja Thakur, George Smith Alexander and Ketaki Gokhale

September 18, 2015 at 12:00 AM UTC

Updated on

September 18, 2015 at 6:58 AM UTC

What do you do with your new $120 million home? Visit it on Saturdays and Sundays.

The billionaire Indian Poonawalla family last week agreed to pay that much for a former maharajah’s residence in Mumbai that most recently had been the U.S. consulate in the city. The owners of Asian’s largest maker of vaccines may use it about two days a week.