The island city of Mumbai has many posh locations in its territory but Nariman Point is a place that stands out in the crowd. This is one such area of Mumbai that is created by men as it was originally a part of Arabian Sea and it was one man’s idea to claim it from the Mighty Sea and use it to create new settlements. The name of this person was Khursheed Framji Nariman who was a Parsi by caste but a very creative thinker. He was the Corporator of Mumbai (Bombay at that time) Municipal Corporation. He was also known as Veer Nariman affectionately by people. As he thought, the shallow land was recovered from the Sea near Churchgate area and filled with the dumps (debris) collected from around the city. In the process reinforced concrete cement was used and the costly steel was imported at a quite higher price from black markets as it was the time of World War II. To create the entire space it took Rs. 300000 in the year 1940. The same amount values Rs. 10 crore today. It was huge at that time but all these efforts have given a new extremely premier central Business District to the city. Further reclamation was done from the sea in the 1970s as the demand for land was much higher by now and as a result the place saw birth of many commercial premium high rises.Presently Nariman Point is a premier Business District with the highest commercial real estate rental space in the entire world in the year 1995 as per the statistics. The value of per square foot at that time in Nariman Point was $ 175. By the year 2007 the price went up to a sky high level at $ 2488 per square foot. According to records a flat was sold at $8.62 million on 26th November 2007. This prime location of Mumbai houses some of the premium Business headquarters of country and you may be surprised to know that Nariman Point is the fourth most expensive office market in the world. Some of the business establishments in the area are as follows:
- Headquarters of Central Bank of India
- The Royal Bank of Scotland
- Mckinsey & company
- Boston Consulting Group
- Air India, Mittal Towers
- Bank of India Headquarters
- Indian Express
- British Consulate & British Library
- French Consulate & Trade Mission
- Birla Bhavan
- National Centre for Performing Arts (NCPA)
- Kotak Mahindra Group
- The Oberoi Hotel
Located at the extreme southern tip of Marine Drive Nariman Point is considered as Manhattan of Mumbai because of its stunning skyline and the most expensive residential condos. Being the most important financial district of city of Mumbai Nariman Point has many national as well as international financial service companies along with the political headquarters of Maharashtra state known as Vidhan Bhavan. Pricy residential houses, many business headquarters, star hotels, sky scrapers and reputed banks make the place worth eyeing by the investors and industrialists who want to have their space at Nariman Point. The spectacular view of Arabian Sea adds the glitter to the place with an amazing sky line.AddressNariman Point,Southern tip of Marine Drive,South Mumbai, Mumbai, MaharashtraAccessibilityOne can use state transport buses, taxies, autos or local trains to reach here. Airport is 25 km from Nariman Point.Close by attractions
- Marine Drive
- Churchgate
- Gateway of India
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