Mukesh Ambani, Nita Ambani may have to vacate their Rs 15000 crore residence Antilia due to…
Antilia, one of the most expensive properties of India, located on the Parade Road area of Mumbai, is claimed to have been built on the land of the Waqf Board. Scroll down to read more details.
Antilia, the lavish narrate of Mukesh Ambani, Nita Ambani and Akash Ambani at the side of diverse relatives is one in all basically the most magnificent properties of the nation. Reportedly worth Rs 15000 crore, the Mumbai located narrate is over again in news. Now now not as a result of its luxurious facets or excessive-profile owners nonetheless as a result of a ancient property dispute. Recently, the Waqf Modification Invoice was as soon as handed within the Parliament and was as soon as later given approval by the President of India nonetheless an update grabbing basically the most headlines is the allegation that Mukesh Ambani and Nita Ambani’s Antilia is constructed on Waqf board land. Scroll down to learn the fleshy fable regarding the age-historical property dispute.
Antilia, one in all basically the most costly properties of India, located on the Parade Avenue space of Mumbai, is supposed to have been constructed on the land of the Waqf Board. As per a document by TV9 Hindi, Mukesh Ambani offered a narrate of four and a half lakh sq. toes from the Waqf Board for approximately Rs 21 crores within the year 2002.
On the opposite hand, the land deal got here into controversy as a result of the Waqf Board’s claim as per a Action Taken Checklist (ATR) presented within the Maharashtra Assembly, the property of the Waqf Board can't be offered for inner most exercise. Furthermore, Karim Bhai Ibrahim, the sooner owner of the land had given the land to the Waqf Board for non secular schooling and to make an orphanage, which was as soon as now not the case in this transaction, as the land was as soon as reportedly offered to billionaire Mukesh Ambani.
The topic has been pending within the Supreme Courtroom of India for a in point of fact long time and if the decision goes in opposition to the Ambani household, they're going to deserve to vacate the land.
President affords nod to adjustments in Waqf regulation
In a ancient pattern, President Droupadi Murmu gave her assent to the Waqf (Modification) Invoice, 2025, which was as soon as handed by Parliament earlier this week after heated debates in both Properties. Notably, Murmu also gave her assent to the Mussalman Wakf (Repeal) Invoice, 2025, as per a document by news company PTI.
“The following Act of Parliament got the assent of the president on April 5, 2025, and is hereby printed for total data: The Waqf (Modification) Act, 2025,” the governmentacknowledged in a notification.
(With inputs from companies)
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