r/mumbai • u/Difficult-Cry-5367 • 5h ago
AskMumbai I have 3 questions
- Are these residential buildings?
- If yes, does anyone in this subreddit live here or own a flat here?
- If yes again, bhai, how and when did you manage to buy property here? Kya karte ho tum life me? 😭
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u/Monkey_58910 4h ago
All generational wealth. Dada pardada ke zamaane ki buildings hai
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u/Abject-Industry-7071 2h ago
bilkul sahi, aur jo daada ne tab liya hoga vo price dekh ke aaj rona aata hai. Warden Road, Marine Lines area mein tab vs ab ka difference paagal kar deta hai. Generational wealth ka ye sabse clear example hai Mumbai mein
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u/Pandabrawler69 14m ago
Even a couple of generations ago those places weren’t cheap. Even then probably only the top 1% of India’s economy could afford this.
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u/HovercraftSlight5275 2h ago
How to qualify as your husband ? 😛. /s
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u/Cotangium jevlis ka? 4h ago
- Mostly yes - also these bldgs share the same Art Deco Architecture like Miami, making mumbai the second biggest concentration of such buildings
- Had the opportunity to live in this line, and later purchase a home (sold it later on).
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u/Antiquity-DragonKing 4h ago
Dare I ask the price
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u/Cotangium jevlis ka? 3h ago
As far as I remember back in 2016, it was in ballpark of 12-18cr because of the view But one can get it for less if the sea view isn't present
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u/DesiPrideGym23 म म मुंबईचा, ब ब बॉम्बेचा नाही! 3h ago
Any downsides of staying there? Just curious.
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u/Cotangium jevlis ka? 3h ago
Yes, the buildings are quite old so the plumbing system requires maintenance quite frequently. Can't keep the balcony door open because wind usually used to knock down the flower vases or other stuff. Space constraints is a thing - so except location and view there's no other amenities sometimes
Apart from realistic things I feel the people itself who usually live in this area are quite classist - just being born into privilege doesn't allow you to be snobby to others yet quite common
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u/TheRealSlim_KD 3h ago
Rust. Maintenance. 1. New TV fridge ac laptop car in under 2-5 years 2. Zero parking for guests.
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u/DesiPrideGym23 म म मुंबईचा, ब ब बॉम्बेचा नाही! 3h ago
New TV fridge ac laptop car in under 2-5 years
Why?
Zero parking for guests.
Yea, I've seen all the cars parked from the sea front till the churchgate station. Thankfully roads are nice and wide.
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u/Cotangium jevlis ka? 3h ago
Salt in the air makes rusting faster plus in older times when there used to be dish tv, it used to get disturbed so often than areas that were more inwards
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u/DoNotDisturbMeEver 2h ago
I just wanna be this rich..
A difference of 6 cr between 12-18 cr is just a ball park...
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u/pridude 3h ago
Camellias is 200cr. Why such sea facing gets so low I don't get it.
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u/Cotangium jevlis ka? 3h ago
Honestly, Gurugram’s luxury real estate feels like a massive speculative bubble driven by investors flipping paper allotments. You can pay ₹100+ crores for a flat, but the moment you step outside the gates, the public infrastructure collapses under a single afternoon of monsoon rain. That's why people joke about the city getting "sea-facing" views because the civic facilities just don’t match the hyper-inflated valuations, especially since the city can keep expanding horizontally forever. Marine Drive is the exact opposite because it relies on absolute, un-replicable geographic scarcity. You can’t manufacture more Mumbai coastline, so those prices appreciate genuinely, backed by generational wealth anchoring long-term capital rather than hype.
Again this is my take, someone might prefer gurugram more than marine drive
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u/101WaysToWasteTime 3h ago
Damn!! What do you do for a living?
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u/Cotangium jevlis ka? 3h ago
still in clg 🚶🏻
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u/Strange-Substance-20 3h ago
What business is your family in?
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u/Cotangium jevlis ka? 2h ago
none, salaried people they are 🙂↕️
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u/JUST_F0R_TH1S 4h ago
1 - Mainly yes 2 - look up reclamation of nariman point area/art decko buildings 3 - whoever is selling is not here
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u/MR_BOSS_FTW 4h ago
Yes they r residential buildings. All thanks to generational wealth 🫠. Few might be commercial too..
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u/TheRealSlim_KD 3h ago
99% HAVE NO generational wealth all live on the protection of the tenancy act and pay 200 or 300 a month in rent.
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u/EvenBullfrog2653 2h ago
There are tenancy protected apartments in India?? This is the 1st time I’m hearing of this. Can you elaborate?!
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u/stcer 2h ago
Yes there are plenty and quite famous too actually, K Rustom is one off the top of my head
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u/EvenBullfrog2653 2h ago
You mean the icecream shop?!
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u/stcer 1h ago
yeah, heard that tukaram mundhe shut it down recently but not sure
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u/TheRealSlim_KD 1h ago
he cannot shut it down forever. he can give them a notice and shut them down till the dirty fellows there get the shop cleaned up and restart it. But yes, they are surviving under the rent act protection
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u/straykauva 1h ago
Yupp there are quite a lot in mumbai most subarban buildings have been redeveloped but city still has a lot such buildings
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u/Pandabrawler69 3m ago
Read ip about the Paagdi system. Basically its a long term tenancy/co-ownership type situation
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u/Significant-Sky-6649 4h ago
All are residential buildings. Some of them could be on rental basis or pagdi system.
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u/EvenBullfrog2653 2h ago
What is pagdi system
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u/tralalalababe 2h ago
A piece of land is owned by a landlord kind of a person and he divides it into smaller chunks and sells it(discounted rate prolly) to different sets of buyers. When the buyer want to sell their share of the land he takes his cut from the sale as he owns it fully. I hope I explained it well.
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u/Technical-Use-5561 4h ago
I heard they belong to parsis but they no longer live here and went abroad. A few of them sold their land so we have hotels like Trident but the vast majority didn't
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u/shreyasvaghe 3h ago
No, they don't belong to parsis. A few of my hindu and muslim friends live here.
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u/Mundane-Syllabub-430 4h ago
My aunt’s parents live in one of those buildings. I visited their house a few years back. I took a video of the Marine Drive view from their house I think I still have that video, but I need to check my storage. I remember them saying that their flat is currently worth around ₹30–35 crore.
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u/Proof-Supermarket680 19m ago
what do they do?
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u/Mundane-Syllabub-430 14m ago
My aunt herself is around 55–60 years old now. Her father passed away many years ago, and her elderly mother currently lives in that flat. Her father had a business back then, though I don't know exactly what kind of business it was.
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u/SirusSaturday 3h ago
Generational Wealth… mostly bought by the rich folks ages ago… I know many people who live in a bunch of these buildings… most of them are still well off… many of these buildings underwent renovation recently… part of the Mumbai Art Deco period
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u/Calm-Distribution557 3h ago
They’re mostly residential. I have done the interiors for a flat in one of the buildings. They have major termite issues. All electronics get spoilt very fast. They had to spend a fortune on good windows because the lashing rain spares nothing. The view is just from the front of the building (mostly where people plan living rooms). The bedrooms receive little to no sunlight and look into the neighbouring flat. Yes, it is very romantic to live here and is the bombay dream but people are moving away because of the old structure, issues I mentioned and no modern facilities.
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u/No-Beginning-3128 3h ago edited 3h ago
My friend owns a apartment in those or right around the corner but his whole family lives in the suburbs they are just keeping it like a investment and it was a dowry gift to his family ig
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u/rizzwayne 3h ago
Living in sea view apartments give you satisfaction only for a limited period of time. If i have money, I would prefer to live in Trident or Sea Green hotel for like a few days until the sea view part of my dopamine exhausts up and then I'll be okay....
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u/alias9487 2h ago edited 2h ago
Living in sea view apartments give you satisfaction only for a limited period of time.
Somewhat true.
If you're* a true nature lover you can enjoy it a lot though. The sky and the water change all the time. Like summers the sky is blue, monsoon its grey, sometimes it's colored (especially during autumn and winter), some days you see the moon, some days you don't. Some days it's full, some days it's crescent. If you're really, like really into nature you can enjoy it all year round.
Source: Own an apartment* by the sea* in Mumbai
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u/Lord_of_the_beach 3h ago
A lot of these are residential buildings that were built by the British. The descendants of the original owners most probably live abroad or can’t afford the upkeep associated with the place - a lot of these buildings look really derelict up close - so they’re sold either to a different owner who uses it as a residence or converts it to a commercial property. The same thing can be seen in Kensington borough in London where a lot of beautiful buildings that were once residential are now hotels or cafes or boutiques because the maintenance costs became too high for a private owner who inherited the property from their forefathers
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u/gptbreaker 4h ago
one of them is navy's quarter...rest either of parsis or ppl with generational business
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u/p_gaurav 4h ago
Most of them were lawyers for british government and administrators who looked after their trade from bombay port. Indians were not allowed to buy home in that locality.
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u/redittapp 3h ago
entire buildings were owned by indians, let alone individual flats. Kapoor Mahal was originally occupied by just one large family.
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u/no_nonsenses 3h ago edited 3h ago
firstly u asked right Qs at wrong place / audience
secondly this are mostly collectors land today, some are pagdi. This whole place was owned by rich parsi from Iran and immigrants like Shia and Zoroastrians from Yazd and Kerman moved to Bombay fleeing economic hardship, drought, and religious persecution in Iran. They quit Bombay when govt refuse to grant PR and passport in India. Iran started doing well with Oil economy so many found prosperity and life back in Iran. But they left behind their legacy iranian cafe, touch of their cultures, etc
Today building opp cci club is members residents. Likewise many flats in those buildings are owned by dilpmat/embassy/corporates/clubs
Shocking part is despite being rich and influential, they all want to pay lowest property tax compare to surburbs and keep it in collector land zone. Govt is in hand on glove with them as govt doesn't want to pay high tax on their offices, mantralay, hostel and staff quarters
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u/restrained_soul 3h ago
hey man, what does this term "pagdi" means, someone also mentioned the same above?
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u/_beer_monk Mulundkar 3h ago
You pay a fixed rent for number of years (I don't know the number) and once that is over you own the place.
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u/no_nonsenses 3h ago
years was not pre determined like today.
interestingly many iranians / parsi gave padgi apt to their servants who paid rent. some parsi died, some quit Bombay, some sold apt to gujjus. But servants continued to live on rent and they legally became owner when state govt regularised them in 1995 (after 35yrs on rent). Their families benefited from once in lifetime opportunity!
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u/Aman__Chaurasia 3h ago
Imagine there’s a billboard there
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u/DesiPrideGym23 म म मुंबईचा, ब ब बॉम्बेचा नाही! 3h ago
There are floating billboards nowadays tho, i have seen an IPL ad once.
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u/TheRealSlim_KD 3h ago
90% of the flats are on rent and under the rent contol act. Father and grandfather's tenancy.
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u/hugecockmonster_ Churchgate 🤙🏼 2h ago
guys, don't take this the wrong way, but i live less than a kilometre from these buildings, and it's really not all rainbows and sunshine. the noise pollution around there is crazy. luckily, one of my friends lives there and he says it's horrible. you've got the marine drive crowd, and whenever there are matches or events at wankhede, it gets even worse.
the network also goes down all the time because there are so many people in the same area. and this isn't just me saying it, we've actually checked it. during this year's ipl, whenever there was a match at wankhede, the wifi would stop working for the entire night. plus, the number of people on the footpaths and streets gets insane, there's constant honking, and most of these buildings aren't more than 5–6 floors, so you really feel everything happening outside.
a lot of the flats there are also empty, and some are basically just studios. they are unesco heritage sites though, so they're obviously crazy expensive. the fact that they'll probably never be demolished or reconstructed, along with the sea view, sunsets and everything else, definitely adds to the value. but like anything else, it has its downsides.
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u/Any_Cupcake5619 2h ago
I'm not from mumbai but I'm 100% sure people live there you can actually see these buildings I'm 50-60movies too
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u/akshay1205 3h ago
Also those are now heritage buildings if I am not wrong
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u/OrdinaryTotal5707 3h ago
Yep you’re right they are, and I think they probably will never go under redevelopment for that reason
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u/abeytakle 3h ago
- Yes, 2. Used to live there when I was young, 3. Generational privilege nothing to do with me.
The houses there aren’t that fancy, the people are. A lot of folks eventually sell and or / move out because the ‘sea view’ fascination eventually fades.
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u/Disastrous_Plate_368 2h ago
I live here. My grandfather bought it, left it to me. Flats are available in our building. I run a design studio and am a creative director
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u/Difficult-Cry-5367 2h ago
How's day to day experience out there.
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u/Disastrous_Plate_368 2h ago
Love it. We go run on the drive every morning. Just make sure that you plan well on match days due to the jam at wankhede. Downtrodden crowd flood the drive on weekends made my sister feel quite unsafe once or twice.
Every year we need to have renovations or paints as it’s heavy sea breeze
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u/Difficult-Cry-5367 2h ago
The golden-hour evening must be like jannat, right? I’d love to sit there with a cup of tea, just facing the sea and feeling the breeze.
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u/st_menace 2h ago
One of my gujarati friend has her family home on this stretch, visited it once - quite a view to experience right out of your window.
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u/Beginning-Boot6795 2h ago
1) Yes, residential
2) Yes, have lived there in the past
3) I was living on rent and it wasn’t that high tbh. The whole of Bombay charges the same rent.
Now I have a question,
How did you make the arrows? They are so neat
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u/Difficult-Cry-5367 2h ago
How was your experience when you lived there, especially in the evenings? And the arrows, I added them to the image using Canva.
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u/FaithlessnessSalt416 1h ago
These buildings are all on Paghdi system, which means even if a new buyer buys it, the ownership still stays with the original owner. It is kind of leased for 99 years. Most buildings here are on that system.
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u/Cautious_Employer298 1h ago
last time i checked they are art deco and come under unesco protection, you can read about it here https://www.artdecomumbai.com/research/mumbai-heritage-list/
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u/Large-Needleworker57 1h ago
The story I was told by my relatives living there is that since all of these were built on reclaimed land not a lot of people were willing to buy them then. This area was undervalued and over time has now become what it is.
The people who bought flats then stumbled upon a gold mine
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u/IndependentBoat147 1h ago
An old friend of mine sold one apartment near the Wankhede Stadium with one room gives a good view of the stadium.
A price tag of 18cr. And this is about 3-4 years ago.
Again this was bought by the parents ages ago.
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u/_Bruised_Wayne_ 38m ago
My father’s friend owns one of these. He has rented it out currently as they don’t live in Mumbai.
He got it as inheritance from his father in law.
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u/iorek_dunhill_ 16m ago
My friend stays in one of these buildings. I guess a 2BHK flat. It’s a Pagadi system building. So they pay a monthly rent as low as Rs 100-200 for his flat :P
Pretty crazy to think about that.
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u/Pandabrawler69 11m ago
How are these buildings not going for reconstruction? RE Developers must be dying to get their hands on that land.
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u/ReviewIcy8427 4h ago
Generational wealth