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===Tallest Buildings 100m+===
{{Use dmy dates|date=January 2019}}
{| class="wikitable"
{{Use Indian English|date=January 2019}}
|-
! | Address
! | Alternative name
! | Image
! | Height(m)
! | Number of floors
! | Built
|-
| 3 Barrister Rajni Patel Marg
| Express Towers
| [[File:Original_Brochure-3.jpg|80px]]
| 105
| 25
| 1972
|-
| 216 Barrister Rajni Patel Marg
| Air India Building
| [[File:Air-India-building.jpg|80px]]
| 105
| 24
| 1974
|-
|}
{{col-begin}}
{{col-break}}
===High Rise Buildings===
*33 Jamnalal Bajaj Marg (Atlanta)
*229 Ramnath Goenka Marg (Bakhtawar)
*316 Free Press Journal Marg (Dalamal Towers)
*211 NCPA Marg (Earnest House)
*215 Free Press Journal Marg (Free Press House)
*193 Vinay K Shah Marg (Hoechst House)
*225 Vinay K Shah Marg (Jolly Maker Chambers)
*84 Jamnalal Bajaj Marg (Maker Chambers 3)
*126 Jamnalal Bajaj Marg (Maker Chambers 4)
*142 Jamnalal Bajaj Marg (Maker Chambers 5)
*222 Jamnalal Bajaj Marg (Maker Chambers 6)
*224 Barrister Rajni Patel Marg (Mittal Court)
*210 Free Press Journal Marg (Mittal Towers)
*227 Vinay K Shah Marg (Nariman Bhavan)
*241 Barrister Rajni Patel Marg (Nirmal)
*213 Free Press Journal Marg (Raheja Chambers)
*230 Ramnath Goenka Marg (Sakhar Bhavan)
*245 Madam Cama Road (Shipping Corporation of India)
*247 Free Press Journal Road (State Admin Building)
*154 Madam Cama Road (State Bank of India)
*239 Vidhan Bhavan Marg (Union Bank of India)
*240 Vidhan Bhavan Marg (Vidhan Bhavan)
{{col-break}}
===Low Rise Buildings===
*209 NCPA Marg (Arcadia)
*226 Barrister Rajni Patel Marg (Bajaj Bhavan)
*206 Jamnalal Bajaj Road (Dalamal House)
*311 Jamnalal Bajaj Road (Embassy Centre)
*238 Vidhan Bhavan Marg (Marfatlal Centre)
*228 Barrister Rajni Patel Marg (Mittal Chambers)
*214 Free Press Journal Marg (Raheja Centre)
*208 Jamnalal Bajaj Marg (Regent Chambers)
*7 Free Press Journal Marg (Tulsiani Chambers)
{{col-end}}









{{Infobox settlement
{{Infobox settlement
| name = Nariman Point
| name = Nariman Point
| native_name = नरिमन पॉईंट
| native_name_lang = mr
| other_name =
| settlement_type = Business district
| settlement_type = Business district
| image_skyline = Mumbai skyline.jpg
| image_skyline = Mumbai skyline.jpg
| image_alt =
| image_alt =
| image_caption = [[Air India]] building at Nariman Point
| image_caption =
| nickname =
| nickname =
| map_alt =
| map_alt =
| map_caption = Location of Nariman Point in [[Mumbai]]
| map_caption =
| pushpin_map = Mumbai
| pushpin_map = Mumbai
| pushpin_label_position =
| pushpin_label_position =
| pushpin_map_alt =
| pushpin_map_alt =
| pushpin_map_caption =
| pushpin_map_caption =
| coordinates = {{coord|18.926|N|72.823|E|display=inline,title}}
| latd = 18.92
| latm =
| lats =
| latNS = N
| longd = 72.83
| longm =
| longs =
| longEW = E
| coordinates_display = inline,title
| subdivision_type = Country
| subdivision_type = Country
| subdivision_name = [[India]]
| subdivision_name = India
| subdivision_type1 = [[States and territories of India|State]]
| subdivision_type1 = [[States and territories of India|State]]
| subdivision_type2 = [[Districts of India|District]]
| subdivision_type3 = City
| subdivision_name1 = [[Maharashtra]]
| subdivision_name1 = [[Maharashtra]]
| subdivision_type2 = Metro
| subdivision_name2 = [[Mumbai City district|Mumbai City]]
| subdivision_name3 = [[Mumbai]]
| subdivision_name2 = Mumbai
| established_title = <!-- Established -->
| established_title = <!-- Established -->
| established_date =
| established_date =
| founder =
| founder =
| named_for =
| named_for =
| government_type = [[Municipal Corporation]]
| government_type =
| governing_body = [[Brihanmumbai Municipal Corporation]] (MCGM)
| governing_body =
| unit_pref = Metric
| unit_pref = Metric
| area_footnotes =
| area_footnotes =
| area_rank =
| area_total_km2 =
| area_total_km2 =
| area_rank =
| elevation_footnotes =
| elevation_footnotes =
| elevation_m =
| elevation_m =
| population_total =
| population_total =
| population_as_of =
| population_as_of =
| population_footnotes =
| population_density_km2 = auto
| population_rank =
| population_rank =
| population_density_km2 = auto
| population_demonym =
| population_demonym =
| population_footnotes =
| demographics_type1 = Languages
| demographics_type1 = Languages
| demographics1_title1 = Official
| demographics1_title1 = Official
| demographics1_info1 = [[Marathi language|Marathi]]
| timezone1 = [[Indian Standard Time|IST]]
| timezone1 = [[Indian Standard Time|IST]]
| utc_offset1 = +5:30
| utc_offset1 = +5:30
| postal_code_type = [[Postal Index Number|PIN]]
| area_code_type =
| postal_code = 400021<ref name="pcode">{{cite web|url=https://pincode.org.in/400021|title=Pin code : Nariman Point, Mumbai
|access-date=9 February 2015|publisher=pincode.org.in}}</ref>
| area_code = 022
| area_code = 022
| area_code_type =
| registration_plate = MH 01
| blank1_name_sec1 = Civic agency
| blank1_name_sec1 = Civic agency
| blank1_info_sec1 = [[Brihanmumbai Municipal Corporation|BMC]]
| blank1_info_sec1 = [[Brihanmumbai Municipal Corporation|BMC]]
| postal_code_type = [[Postal Index Number|PIN]]
| postal_code = 400021<ref name="pcode">{{cite web|url=https://pincode.org.in/400021|title=Pin code : Nariman Point, Mumbai
|accessdate=9 February 2015|publisher=pincode.org.in}}</ref>
| registration_plate = MH 01
| website =
| website =
| footnotes =
| footnotes =
| demographics1_info1 = [[Marathi language|Marathi]]
}}
}}


'''Nariman Point''' is a business district in [[Downtown]] [[Mumbai]]. Formerly the [[Central business district|prominent business district]] on India's west coast, Nariman Point yielded that status to Mumbai's [[Bandra-Kurla Complex]] in 2010.<ref name="MM">{{citation|author={{null|<!--not given-->}}|title=Why Nariman Point is running on empty|periodical=Mumbai Mirror (online edition)|date=17 December 2012|url=http://www.mumbaimirror.com/articleshow/17863545.cms?pageno=2}}.</ref> Prior to Nariman Point's development, Mumbai's business centre was at [[Ballard Estate]],<ref name="MM" /> which {{ndash}} like Nariman Point also {{ndash}} was built on land reclaimed from the sea.
'''Nariman Point''' is a business district in [[Mumbai]] city. Formerly the [[Central business district|preeminent business district]] on India's west coast, Nariman Point yielded that status to Mumbai's [[Bandra-Kurla Complex]] in 2010.<ref name="MM">{{citation|author={{null|<!--not given-->}}|title=Why Nariman Point is running on empty|periodical=Mumbai Mirror (online edition)|date=17 December 2012|url=http://www.mumbaimirror.com/articleshow/17863545.cms?pageno=2}}.</ref> Prior to Nariman Point's development, Mumbai's business centre was at [[Ballard Estate]],<ref name="MM" /> which {{ndash}} like Nariman Point also {{ndash}} was built on land reclaimed from the sea.


Located on the southern tip of the Mumbai peninsula, at the end of the Mumbai's [[Marine Drive, Mumbai|Marine Drive]], Nariman Point is named after [[Khurshed Nariman|Khursheed Framji Nariman]], a municipal corporator who had initiated the area's development as an extension to the [[Back Bay (Mumbai)|Back Bay]] reclamation. Nariman Point houses some of [[India]]'s prestigious business headquarters, and despite its decline (see [[#History|below]]), it remains one of the more expensive business districts in India, exceeded only by [[Delhi]]'s [[Connaught Place, New Delhi|Connaught Place]] and {{ndash}} since April 2012 {{ndash}} by Mumbai's own [[Bandra-Kurla Complex]].<ref name="Chadha">{{citation|last=Chadha|first=Sunainaa|date=21 December 2012|title=The slow but steady death of Nariman Point|periodical=First Post|url=http://www.firstpost.com/business/economy/the-slow-but-steady-death-of-nariman-point-562877.html}}.</ref>
Located on the southern tip of the Mumbai peninsula, at the end of the Mumbai's [[Marine Drive, Mumbai|Marine Drive]], Nariman Point is named after [[Khurshed Nariman|Khursheed Framji Nariman]], a municipal corporator who had initiated the area's development as an extension to the [[Back Bay (Mumbai)|Back Bay]] reclamation. Nariman Point houses some of [[India]]'s prestigious business headquarters, and despite its decline (see [[#History|below]]), it remains one of the more expensive business districts in India, exceeded only by [[Delhi]]'s [[Connaught Place, New Delhi|Connaught Place]] and {{ndash}} since April 2012 {{ndash}} by Mumbai's own [[Bandra-Kurla Complex]].<ref name="Chadha">{{citation|last=Chadha|first=Sunainaa|date=21 December 2012|title=The slow but steady death of Nariman Point|periodical=First Post|url=http://www.firstpost.com/business/economy/the-slow-but-steady-death-of-nariman-point-562877.html}}.</ref>


==History==
==History==
Prior to 1940, the area was part of the Arabian sea. A popular leader of the [[Indian National Congress|Congress]], [[Khurshed Nariman]] (affectionately called ''Veer'' Nariman), a [[Brihanmumbai Municipal Corporation|Bombay Municipal Corporation]] corporator, proposed to reclaim the area from the sea near [[Churchgate]]. To accomplish this task, the shallow seafront was filled with debris from various parts of the city. Reinforced concrete cement was also used, the steel for which had to be purchased on the black market at higher prices due to [[World War II]].The entire cost was estimated to be {{abbr|{{INR}}300,000|equivalent to £{{formatnum:{{#expr:((300000 / 13.33)+50) round trunc-2}}}} or ${{formatnum:{{#expr:((300000*4.03 / 13.33)+50) round trunc-2}}}} in 1940}} (equivalent to about {{abbr|
Prior to 1940, the area was part of the Arabian sea. A popular leader of the [[Indian National Congress|Congress]], Khurshed Nariman (affectionately called ''Veer'' Nariman), a [[Brihanmumbai Municipal Corporation|Bombay Municipal Corporation]] corporator, proposed to reclaim the area from the sea near [[Churchgate]]. To accomplish this task, the shallow seafront was filled with debris from various parts of the city. Reinforced concrete cement was also used, the steel for which had to be purchased on the black market at higher prices due to [[World War II]].The entire cost was estimated to be {{abbr|{{INR}}300,000|equivalent to £{{formatnum:{{#expr:((300000 / 13.33)+50) round trunc-2}}}} or ${{formatnum:{{#expr:((300000*4.03 / 13.33)+50) round trunc-2}}}} in 1940}} (equivalent to about {{abbr|
{{INR}}{{format price|{{#expr:{{inflation|US|{{#expr:(300000*4.03 / 13.33)}}|1940}}/{{INRConvert/CurrentRate|USD}}}} }}|around £{{format price|{{inflation|UK|{{#expr:(300000 / 13.33)}}|1940}}}} or ${{format price|{{inflation|US|{{#expr:(300000*4.03 / 13.33)}}|1940}}}} or {{Euro}}{{format price|{{#expr:{{inflation|UK|{{#expr:(300000 / 13.33)}}|1940}}/{{INRConvert/CurrentRate|GBP}}*{{INRConvert/CurrentRate|EUR}}}}}} |}} in {{CURRENTYEAR}}). Additional reclamations were carried out in the 1970s. A construction boom in that decade also led to the development of commercial high-rises in the area.{{fact|date=January 2019}}
{{INR}}{{format price|{{#expr:{{inflation|US|{{#expr:(300000*4.03 / 13.33)}}|1940}}/{{INRConvert/CurrentRate|USD}}}} }}|around £{{format price|{{inflation|UK|{{#expr:(300000 / 13.33)}}|1940}}}} or ${{format price|{{inflation|US|{{#expr:(300000*4.03 / 13.33)}}|1940}}}} or {{Euro}}{{format price|{{#expr:{{inflation|UK|{{#expr:(300000 / 13.33)}}|1940}}/{{INRConvert/CurrentRate|GBP}}*{{INRConvert/CurrentRate|EUR}}}}}} |}} in {{CURRENTYEAR}}). Additional reclamations were carried out in the 1970s. A construction boom in that decade also led to the development of commercial high-rises in the area.

In 2006, prior to the [[financial crisis of 2007–08]], Nariman point was the 7th most expensive location in the world for office space.<ref name="Chadha"/> However, by December 2012 Nariman Point had fallen to 25th place while Delhi's [[Connaught Place, New Delhi|Connaught Place]] remained the 5th most expensive location despite many offices moving to [[Gurgaon]] and [[Noida]].<ref name="Chadha" /> During the same period, Nariman Point also dropped from 7th to 15th most expensive location for office rentals.<ref name="TNN">{{citation|title=Nariman Point drops 7 places to 15th spot in global office rentals|date=22 February 2012|url=http://articles.timesofindia.indiatimes.com/2012-02-22/mumbai/31086386_1_expensive-office-location-mumbai-s-cbd-rentals|archive-url=https://web.archive.org/web/20131212081422/http://articles.timesofindia.indiatimes.com/2012-02-22/mumbai/31086386_1_expensive-office-location-mumbai-s-cbd-rentals|url-status=dead|work=[[The Times of India]]|archive-date=12 December 2013}}.</ref> The reasons for the decline were the high prices, lower quality and age of construction, and increasing distances from residential hubs which have now moved northwards and to the suburbs.<ref name="TNN" /> In the first three quarters of 2012, Nariman Point had a vacancy rate of almost 25%, compared with 18% in the rest of the Mumbai city.<ref name="MM" />

[[File:Marine Drive.JPG|thumb|256px|Nariman Point]]
[[File:The Oberoi Hotel in Mumbai 2015.JPG|thumb|Nariman point buildings at night.]]

==Economy==
{{expand section|date=July 2016}}
[[Air India]] had its headquarters in the [[Air India Building]] for many years.


In 2006, prior to the [[financial crisis of 2007–08]], Nariman point was the 7th most expensive location in the world for office space.<ref name="Chadha"/> However, by December 2012 Nariman Point had fallen to 25th place while Delhi's [[Connaught Place, New Delhi|Connaught Place]] remained the 5th most expensive location despite many offices moving to [[Gurgaon]] and [[Noida]].<ref name="Chadha" /> During the same period, Nariman Point also dropped from 7th to 15th most expensive location for office rentals.<ref name="TNN">{{citation|title=Nariman Point drops 7 places to 15th spot in global office rentals|date=22 February 2012|periodical=Times News Network|url=http://articles.timesofindia.indiatimes.com/2012-02-22/mumbai/31086386_1_expensive-office-location-mumbai-s-cbd-rentals}}.</ref> The reasons for the decline were the high prices, lower quality and age of construction, and increasing distances from residential hubs which have now moved northwards and to the suburbs.<ref name="TNN" /> In the first three quarters of 2012, Nariman Point had a vacancy rate of almost 25%, compared with 18% in the rest of the city.<ref name="MM" />
Renewable Energy and Power companies Ind Renewable Enercy Ltd and Vakharia Power Infrastructure Ltd are headquartered at Regent Chambers, 208 Nariman Point, Mumbai.<ref>{{Cite news|url=https://www.bloomberg.com/profiles/people/16396588-jitendra-k-vakharia|title=Ind Renewable Enercy Ltd & Vakharia Power Infrastructure Ltd, Regent Chambers, Nariman Point, Mumbai|work=Bloomberg}}</ref>


At one time [[All Nippon Airways]] maintained its Mumbai sales office in the [[Oberoi Trident Towers]] in Nariman Point.<ref>"[http://www.ana.co.jp/wws/uk/e/about_ana/corp_info/investor/stock_info/reports/images/1998/98j.pdf ANA Directory] {{Webarchive|url=https://web.archive.org/web/20160708184523/http://www.ana.co.jp/wws/uk/e/about_ana/corp_info/investor/stock_info/reports/images/1998/98j.pdf |date=8 July 2016 }}" ([https://www.webcitation.org/6ir3fPVWe?url=http://www.ana.co.jp/wws/uk/e/about_ana/corp_info/investor/stock_info/reports/images/1998/98j.pdf Archive]). [[All Nippon Airways]]. 1998. Retrieved on 9 July 2016. "Mumbai (Bombay) Room 2318 2320 The Oberoi Trident Towers Nariman Point Mumbai-400 021, India"</ref>


[[Image:Marine Drive.JPG|thumb|256px|Nariman Point]]
== Notable landmarks ==
[[File:1-20030101 38 Nariman point, Mumbai.JPG|thumb|'Near the Sea wall at Nariman point, one can relax(2012)']]
<gallery>
[[File:The Oberoi Hotel in Mumbai 2015.JPG|thumb|The Oberoi Hotel]]
File:Cuff Parade 4m Nariman Point - panoramio (5).jpg|Nariman Point (Day)
File:Nariman Point, Mumbai, Maharashtra 400021, India - panoramio (18).jpg|Nariman Point
</gallery>


==References==
==References==
Line 89: Line 155:


==External links==
==External links==
{{portal|Mumbai}}


{{Mumbai topics}}
{{Mumbai topics}}
Line 96: Line 163:
[[Category:Economy of Mumbai]]
[[Category:Economy of Mumbai]]
[[Category:Neighbourhoods in Mumbai]]
[[Category:Neighbourhoods in Mumbai]]
[[Category:High-technology business districts in India]]
[[Category:High-technology business districts]]
[[Category:Central business districts in India]]
[[Category:Central business districts in India]]

Revision as of 09:12, 14 October 2021

Tallest Buildings 100m+

Address Alternative name Image Height(m) Number of floors Built
3 Barrister Rajni Patel Marg Express Towers 105 25 1972
216 Barrister Rajni Patel Marg Air India Building 105 24 1974





Nariman Point
नरिमन पॉईंट
Business district
CountryIndia
StateMaharashtra
MetroMumbai
Languages
 • OfficialMarathi
Time zoneUTC+5:30 (IST)
PIN
400021[1]
Area code022
Vehicle registrationMH 01
Civic agencyBMC

Nariman Point is a business district in Mumbai city. Formerly the preeminent business district on India's west coast, Nariman Point yielded that status to Mumbai's Bandra-Kurla Complex in 2010.[2] Prior to Nariman Point's development, Mumbai's business centre was at Ballard Estate,[2] which – like Nariman Point also – was built on land reclaimed from the sea.

Located on the southern tip of the Mumbai peninsula, at the end of the Mumbai's Marine Drive, Nariman Point is named after Khursheed Framji Nariman, a municipal corporator who had initiated the area's development as an extension to the Back Bay reclamation. Nariman Point houses some of India's prestigious business headquarters, and despite its decline (see below), it remains one of the more expensive business districts in India, exceeded only by Delhi's Connaught Place and – since April 2012 – by Mumbai's own Bandra-Kurla Complex.[3]

History

Prior to 1940, the area was part of the Arabian sea. A popular leader of the Congress, Khurshed Nariman (affectionately called Veer Nariman), a Bombay Municipal Corporation corporator, proposed to reclaim the area from the sea near Churchgate. To accomplish this task, the shallow seafront was filled with debris from various parts of the city. Reinforced concrete cement was also used, the steel for which had to be purchased on the black market at higher prices due to World War II.The entire cost was estimated to be ₹300,000 (equivalent to about ₹165 million in 2024). Additional reclamations were carried out in the 1970s. A construction boom in that decade also led to the development of commercial high-rises in the area.

In 2006, prior to the financial crisis of 2007–08, Nariman point was the 7th most expensive location in the world for office space.[3] However, by December 2012 Nariman Point had fallen to 25th place while Delhi's Connaught Place remained the 5th most expensive location despite many offices moving to Gurgaon and Noida.[3] During the same period, Nariman Point also dropped from 7th to 15th most expensive location for office rentals.[4] The reasons for the decline were the high prices, lower quality and age of construction, and increasing distances from residential hubs which have now moved northwards and to the suburbs.[4] In the first three quarters of 2012, Nariman Point had a vacancy rate of almost 25%, compared with 18% in the rest of the city.[2]


Nariman Point
'Near the Sea wall at Nariman point, one can relax(2012)'
The Oberoi Hotel

References

  1. ^ "Pin code : Nariman Point, Mumbai". pincode.org.in. Retrieved 9 February 2015.
  2. ^ a b c "Why Nariman Point is running on empty", Mumbai Mirror (online edition), 17 December 2012.
  3. ^ a b c Chadha, Sunainaa (21 December 2012), "The slow but steady death of Nariman Point", First Post.
  4. ^ a b "Nariman Point drops 7 places to 15th spot in global office rentals", Times News Network, 22 February 2012.
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