Updated On: 26 June, 2012 08:06 AM IST | | Agencies
An Austrian firm has come up what it hopes is the next big thing for the mega-rich: a man-made, floating island with a list price of 5.2 million euros (Rs 37 crore), the company's founder said yesterday.
Measuring 20 by 37 metres, the “Orsos Island” has no engine but can be anchored anywhere its owners choose and then towed to another location the other side of the world if they so wish, Hungarian-born Gabor Orsos said.

Get carried away: The island has a price tag of Rs 37 crore and will be able to house 12 people. Pic/AFP