Mumbai Rains Prompt Boat Parking Jokes on Social Media
As heavy rains flood Mumbai, social media users are jokingly suggesting that ₹10-crore flats should come with boat parking. Real estate experts, however, estimate the cost of such a facility to be around ₹50 lakh.
Mumbai RainsBoat ParkingLuxury FlatsReal EstateSocial MediaReal Estate MumbaiAug 20, 2025
Several users on X also posted about water logging outside Oberoi Mall in Goregaon East area of Mumbai. The price of apartments in the vicinity is in the range of ₹7 crore to ₹10 crore. According to real estate experts, the price of parking in the Mumbai real estate market varies from ₹5 lakh to even ₹50 lakh or upwards in several luxury apartments projects.
Parking prices vary by locality and size. Typically, apartments priced at ₹5 crore and above come with two parking spots, as buyers in this segment are likely to own at least two cars, said Vikram Shah, a real estate consultant from Mumbai’s western suburbs. “Several luxury projects in Mumbai sell parking spaces for ₹50 lakh and upwards. So, as odd as it may sound, one could end up spending that much to park a boat in the lot of a Worli luxury apartment,” said a real estate consultant who did not wish to be named.
Mumbai has been lashed by incessant rain over the past four days, with the city receiving approximately 791 millimetres (mm) of rainfall in the last four days. In less than a week, Mumbai has surpassed the monthly average quota of rainfall for August, which typically stands at 566 mm, according to a report of Indian Express. The city's Santacruz Station recorded 798 mm rain in the entire month of July this year, and in the past four days, the city has received 791 mm, the report said.
The Indian Meteorological Department (IMD) issued a red alert for Mumbai, warning of continued “extremely heavy” rains in the last four days. Further, roads across several low-lying areas across Dadar, Chembur, Matunga, Goregaon, Andheri, Kurla, Wadala, Byculla, and Oberoi Mall in Goregaon, typically seen as upscale, were waterlogged, causing widespread commuting chaos, flight disruptions.
In another interesting insight shared by CRE Matrix, which examined property transactions in 60 micro markets of Mumbai during 2024, a budget of ₹1 crore would secure just 73 square feet of residential space in Malabar Hill, South Mumbai. The same amount would buy 124 square feet in Bandra, while it would cover 278 square feet in Andheri. Moving further north, ₹1 crore could get around 380 square feet in Borivali and over 680 square feet in Dharavi, an area also known as Asia’s largest slum cluster.
Frequently Asked Questions
How much does boat parking cost in Mumbai?
Real estate experts estimate that boat parking in luxury apartments in Mumbai could cost upwards of ₹50 lakh.
What is the average rainfall in Mumbai for August?
The average rainfall for August in Mumbai typically stands at 566 mm, but in recent days, the city has received approximately 791 mm of rainfall in just four days.
What is the price range of apartments near Oberoi Mall in Goregaon?
The price of apartments near Oberoi Mall in Goregaon ranges from ₹7 crore to ₹10 crore.
How does waterlogging impact the real estate market in Mumbai?
Waterlogging in Mumbai can cause significant disruptions, including commuting chaos and flight delays, which can negatively impact the real estate market.
What can you buy with ₹1 crore in different parts of Mumbai?
With ₹1 crore, you can buy 73 square feet in Malabar Hill, 124 square feet in Bandra, 278 square feet in Andheri, 380 square feet in Borivali, and over 680 square feet in Dharavi.
Related News Articles
Rape Allegations Rock Hyderabad Real Estate Firm: Two Agents Arrested
Two salespersons from a reputed Hyderabad-based real estate firm have been arrested for allegedly drugging and raping their 26-year-old colleague.
Prestige Estates Projects Sees 13% Dip in Q1 Profit to Rs 232.6 Cr
Prestige Estates Projects, a leading real estate company, reported a 13% decline in its net income to Rs 232.6 crore in the quarter ended June 2024, owing to increased expenses.
Certus Capital to Launch Rs 500-Crore Real Estate AIF in FY25
Certus Capital, an institutional real estate investment platform, plans to launch its first credit-focused alternative investment fund (AIF) with a corpus exceeding Rs 500 crore in FY25.
Rajveer Arora: From Orphan to Building India's Nightlife and Real Estate Empire
Starting from the ground up, Rajveer Arora overcame incredible challenges to become a leading figure in India's real estate and hospitality industries. His journey from a small town to building nightclubs and modern townships shows his unwavering determin
Matthew Perry's LA Home Sells for a Whopping Price
Real estate developer Anita Verma-Lallian has purchased the Los Angeles property where actor Matthew Perry passed away, for a substantial investment.
Real Estate and Offshore Betting Ads Top ASCI's Violation List
A recent analysis by the Advertising Standards Council of India (ASCI) reveals that real estate and offshore betting are the most violative sectors in terms of advertising rules. Healthcare, education, and personal care sectors also featured prominently i