The new home has 27 storeys, soars to 173 metres and is worth an estimated 630m pounds.
The building named Antilia, after a mythical island, will be home to Ambani, his wife and their three children. It contains a health club with a gym and dance studio, at least one swimming pool, a ballroom, guestrooms, a variety of lounges and a 50-seater cinema.
There are three helicopter pads on the roof and a space for 160 vehicles on the lower floors.
Also the building has nine lifts to take the guests from the lobby to upper levels, where the festivities will take place.
It cost an estimated 44m pounds to build but because of Mumbai's astronomic land and property prices, will be worth about 15 times that amount, 630m pounds.
According to Forbes magazine, the plants save energy by absorbing sunlight, making it easier to keep the interior cool in summer and warm in winter.