What does a $2 billion home look like?

Who says housing prices are only going down? In Mumbai, India, at least, that isn’t entirely true.

Construction crews there are now building the world’s most expensive and largest home. Mukesh and Nita Ambani expect early next year to move into the 27-story skyscraper. The project is expected to cost $2 billion.

Ambani, though, can afford it. The head of a Mumbai-based petrochemical company, Ambani is ranked as the fifth-richest person in the world.

What does $2 billion buy you? Ambani’s new home will boast 40,000 square feet of living space, a ballroom, nine elevators and, in that touch of extravagance we all look for from the super-rich, an ice room. This room, which will allow visitors to escape the heat of Mumbai, will be covered with man-made snow flurries.

If you’d like to read more about the home, and see a slide show, click here. The link takes you to a story on the Web site of Forbes magazine written by Matt Woolsey.