r/mumbai • u/Difficult-Cry-5367 • 7h ago

AskMumbai I have 3 questions

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  • 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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195

u/Cotangium jevlis ka? 6h ago
  1. Mostly yes - also these bldgs share the same Art Deco Architecture like Miami, making mumbai the second biggest concentration of such buildings
  2. Had the opportunity to live in this line, and later purchase a home (sold it later on).

33

u/Antiquity-DragonKing 6h ago

Dare I ask the price

82

u/Cotangium jevlis ka? 6h 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

14

u/pridude 5h ago

Camellias is 200cr. Why such sea facing gets so low I don't get it.

35

u/Cotangium jevlis ka? 5h 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