Any tour to Srinagar is incomplete without a stay in a Houseboat. The reason being house boat is not only more interesting option, but also ecosystem / life around houseboat is a completely different from a hotel - it is something needs to be experienced. There is continuous flow of vendors who are hawking their goods is quite unique. Unlike Floating market in Bangkok it is real. However there are two Ambassador House boats - one luxurious and other budget. The luxurious one is spacious and has better facilities and budget one is less spacious and lesser facilities. But all said and done budget one (Rs 900 with breakfast for two person) is better value - since luxurious one is 2.5 times the cost. We stayed at budget option Pros: 1. Good value for money 2. Owner very nice and is not trying to fleece you. He has arranged shikara ride for us for 8 points tour for around 4-4.30 hours at rates which are reasonable and lower than rates being quoted by the shikara owners at the pier (we have verified the rate from at least 5 shikara owners) and official shikara rate of Rs 500 is more in theory. For lower rates start walking from crowded piers to less crowded piers ! 3. Breakfast was reasonable compared to the price. 4. Makes very good Kawha tea (Kashmiri tea) for only Rs 15 (and do not fleece tourists) 5. Since we reached during the curfew zone - there was not enough food. So we had to buy Maggi from the market and they made it for us without any extra charge for boiling for 6 person 6. Free shikara ride to the pier 7. Commode with commode shower and even bathtub -spick and span. Cons 1. Not on the Boulevard road. It is around 5 minutes ride from the pier no. 7 2. View from the balcony is considerably less compared to the luxurious one - but that can be ignored because of good value for money. It was not apparent to me from the booking site though. 3. There is only a small 1 ft x1 ft table (1 ft height) and no warddrobe - which they said will be taken care of soon - was a big problem for me. 4. Beds mattress is less than desirable.