The mega-mansion, named Updown Court, is located just 25 miles outside of London and was initially listed for $123 million.
NAMA reportedly made a profit on the property, despite several price cuts intended to attract buyers. The current listing price was $54.7 million.
The Indian businessman, whose name was not disclosed, beat out potential buyers from Russia and Britain, according to Independent.ie.
Owner Leslie Allen-Vercoe put the house on the market six years ago but has been unable to find a buyer, the The Daily Mail reported in July. When contacted by reporters, Allen-Vercoe said he had no knowledge of the bank's plans to put the estate into receivership.
The mortgage was reportedly provided by Irish Nationwide, which transferred many of its loans to the Irish government after it collapsed during the financial crisis.
Set on 58 acres of land, with 50,000 square feet of space, Updown Court is larger in size than both Buckingham Palace and Hampton Court Palace.
The behemoth home has five swimming pools, a $6 million marble heated driveway, a squash court, home theater, bowling alley, panic room, and much more.
The home is 50,000 square feet
Image: Courtesy of Updown Court
And it's on 58 acres of land
Image: Courtesy of Updown Court
It has an eight-car garage, each one large enough for a limousine
Image: Courtesy of Updown Court
Beautiful marble staircase
Image: Courtesy of Updown Court
Stunning entrance way
Image: Courtesy of Updown Court
Marble floors throughout the house
Image: Courtesy of Updown Court
One of the five pools
Image: Courtesy of Updown Court
Another one of the five pools; this one is inside
Image: Courtesy of Updown Court
Private, gated entrance
Image: Courtesy of Updown Court
One of the many bathrooms
Image: Courtesy of Updown Court
Floor-to-ceiling windows
Image: Courtesy of Updown Court
A foyer area on the penthouse level
Image: Courtesy of Updown Court
The bowling alley
Image: Courtesy of Updown Court
An aerial view of the estate
Image: Courtesy of Updown Court
Skylight at the very top of the winding staircase
Image: Courtesy of Updown Court
Another bathroom, full marble
Image: Courtesy of Updown Court
An overhead vie of the foyer
Image: Courtesy of Updown Court
The ceiling looks like a night sky
Image: Courtesy of Updown Court
Elaborate detailing everywhere
Image: Courtesy of Updown Court
Plan of the property
Image: Courtesy of Updown Court
