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Rs 10-Cr Mumbai Homes, But Nowhere to Park

Luxury real estate meets high tide as rains flood elite zones—netizens sail in with sarcasm. Premiums now come with waterfront view and waterlogged streets.

BY Priyal Tambe
Published - Friday, 22 Aug, 2025
Rs 10-Cr Mumbai Homes, But Nowhere to Park

In a city where Rs10-crore apartments promise skyline views and marble finishes, this week’s monsoon has delivered something else entirely: waterlogged roads, stalled traffic, and a wave of social media satire.

With 791 mm of rainfall in just four days, Mumbai has already exceeded its monthly average for August. The IMD’s red alert has turned upscale neighbourhoods like Goregaon East, Dadar, Andheri, and Worli into impromptu canals, prompting one viral post to suggest: “Builders charging Rs10 crore should include boat parking.”

The irony isn’t lost on residents. Outside Oberoi Mall in Goregaon, where homes are priced upwards of Rs7 crore, commuters waded through knee-deep water. Real estate insiders say parking in luxury projects can cost Rs50 lakh or more, making the idea of aquatic access oddly feasible.

“In Worli or Bandra, Rs1 crore might get you 124 sq ft. But this week, it might just get you a kayak,” joked a local broker.

Experts note that premium buyers expect two car parks, but with climate unpredictability rising, developers may need to rethink amenities. “Rain resilience is becoming a real value metric,” said Vikram Shah, a consultant in Mumbai’s western suburbs.

As Mumbai’s infrastructure buckles under extreme weather, the city’s real estate narrative is shifting — from aspirational to adaptable. Whether it’s elevated podiums, flood-proof basements, or yes, boat bays, the future of luxury living may need to float above the storm.

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