Mukesh Ambani Expands Global Real Estate Empire with $17.4 Million Tribeca Purchase
India's richest man, Mukesh Ambani, has added a high-profile New York City property to his real estate portfolio, paying $17.4 million for a building in the exclusive Tribeca neighborhood. This move further cements his position as a global real estate mogul.
Mukesh AmbaniReal EstateNew York CityTribecaReliance IndustriesReal Estate MumbaiSep 14, 2025
This purchase comes two years after Ambani sold his two-bedroom condo in Manhattan’s West Village for USD 9 million. That apartment had beautiful views of the Hudson River.
Who Sold the Building?
The seller was Robert Pera, the billionaire founder and CEO of Ubiquiti, a tech company. Pera bought the Tribeca building in 2018 for about USD 20 million.
After buying, he hired architect Eric Cobb to design a 17,000-square-foot luxury mansion. The plan included a huge half-basketball court, a double-height living room, and a full-floor master suite. However, the project never came to life.
Past Attempts to Sell the Property
In 2021, Pera listed the building with the approved mansion plans for USD 25 million. He also offered older designs by the famous Maya Lin Studios. Maya Lin’s design was even grander, imagining a 20,000-square-foot mega mansion with seven bedrooms, 5,000 square feet of outdoor space, a half-Olympic pool, and a breakfast room.
Despite these ambitious ideas, the building stayed empty for nearly 10 years before Ambani stepped in to buy it through RIL USA, Reliance’s American arm.
Why This Building Stands Out?
The listing described the property as 'an exceptionally rare chance' to build a dream family mansion in the heart of Tribeca. The location is one of Manhattan’s most sought-after neighborhoods, known for its luxury homes, celebrity residents, and cultural vibe.
For Ambani, who already owns some of the world’s most expensive homes including Antilia in Mumbai, this is another sign of his growing global footprint in real estate.
Frequently Asked Questions
Who is Mukesh Ambani?
Mukesh Ambani is the chairman of Reliance Industries, one of the largest conglomerates in India. He is known for his vast wealth and significant influence in various industries, including oil and gas, telecommunications, and retail.
What is the significance of the Tribeca neighborhood in New York City?
Tribeca is one of the most prestigious and sought-after neighborhoods in Manhattan. Known for its luxury homes, celebrity residents, and vibrant cultural scene, it is a prime location for high-end real estate investments.
What was Robert Pera's initial plan for the Tribeca building?
Robert Pera, the founder and CEO of Ubiquiti, initially planned to build a 17,000-square-foot luxury mansion on the property. The design included features like a half-basketball court, a double-height living room, and a full-floor master suite, but the project was never completed.
What other properties does Mukesh Ambani own?
Mukesh Ambani owns several high-profile properties, including Antilia, one of the world's most expensive homes located in Mumbai. He has also previously owned a two-bedroom condo in Manhattan’s West Village.
Why did Mukesh Ambani buy the Tribeca building?
The purchase of the Tribeca building is part of Mukesh Ambani's strategy to expand his global real estate portfolio. It represents another significant investment in a prime location, further solidifying his position as a major player in the international real estate market.
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