Pankaj and Radhika Oswal’s $70 million “absolute fantasy” home- Taj Mahal on the Swan River-will be razed to the ground.
The home was to have seven domes, six bedrooms, a temple, an observatory and a parking for 17 cars. But construction work on the luxury mansion came to a halt in 2010 when ANZ bank appointed receivers to their company and the billionaire couple left Australia.
The Oswals spent nearly $40 million on the construction of their massive home before they left.
“The only reason it needs to come down is it’s a dangerous, dilapidated, uncompleted building in contravention of the building code,” said John Merrick, CEO Peppermint Grove Shire.
“It’s very, very dilapidated,” Mr Merrick said.
“It’s been subjected to constant graffiti attack.
“It’s an absolute eyesore.”
According to the council, the demolition work may take four to twenty weeks. A contractor for the work will be appointed on Tuesday.
Mr Merrick said the demolition would cost “probably six figures” and the Oswals will be asked to reimburse the cost.
