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* Bakhtawar Tower
* Bakhtawar Tower
* Export Credit GuaranteeCorporation of India Ltd.in [[Express Towers Mumbai|Express Towers]]
* Export Credit GuaranteeCorporation of India Ltd.in [[Express Towers Mumbai|Express Towers]]
* Express Towers, home of the [[Indian Express]] newspaper
* [[Express Towers]], home of the [[Indian Express]] newspaper
* The Air India Building, Headquarters of [[Air India]] and [[National Aviation Company of India ltd.]]<ref>"[http://www.indianairlines.in/scripts/contactus_telephone.aspx#MUMBAI Address & Contact Numbers within India]." [[Indian Airlines]]. Retrieved on 27 February 2010.</ref>
* The [[Air India Building]], Headquarters of [[Air India]] and [[National Aviation Company of India ltd.]]<ref>"[http://www.indianairlines.in/scripts/contactus_telephone.aspx#MUMBAI Address & Contact Numbers within India]." [[Indian Airlines]]. Retrieved on 27 February 2010.</ref>
* Maker Chambers
* Maker Chambers
* Trident, Nariman Point & The Oberoi Mumbai
* [[Trident, Nariman Point & The Oberoi Mumbai | Oberoi Trident Towers]]
* [[Reserve Bank of India]]
* [[Reserve Bank of India]]
* British Consulate and British Library
* British Consulate and British Library

Revision as of 05:29, 30 January 2011

Nariman Point
Nariman Point
Neighbourhood
Map

Nariman Point (Template:Lang-mr) is Mumbai's premier business district and country's first central business district[1]. It was named after Khursheed Framji Nariman, a Parsi visionary. The area is situated on land reclaimed from the sea. It had the distinction of having the highest commercial real estate rental space in the world in 1995 at $175 per square foot ($1880/m²). As per 2006 the area prices rose sharply to 450 US$ per sq ft. ($4800/m²). Nariman Point hit a new high as a flat sold for a record $8.62 million (USD) on 26 November 2007 [1], at an astonishing $2488 (Rs.97,842) per square foot. The area is situated on the extreme southern tip of Marine Drive. It houses some of India's premier business headquarters. Nariman point is the 4th most expensive office market in the world.[2]

History

Prior to 1940, the area was part of the Arabian sea. A popular leader of the Congress, Khurshid Nariman (affectionately called Veer Nariman), a Brihanmumbai Municipal Corporation corporator, proposed to reclaim the area from the sea near Churchgate. To accomplish this task, debris from various parts of the city was dumped here and the shallow sea coast was filled. Reinforced concrete cement was used, of which the imported steel used was obtained from the black market at a higher price due to the World War II.The entire cost was estimated to be Rs. 3 lakhs or Rs. 300,000 (now Rs. 10 crores or Rs. 100,000,000) Additional reclamations were carried out in the 1970s. A construction boom in that decade saw this region spurting many commercial high-rises.

Commercial establishments

Nariman Point

It is widely regarded as the 'Manhattan' of Mumbai and it boasts of a spectacular skyline and pricey residential condos. It is also the main financial district of Mumbai and houses most of the financial services and brokerage companies—both Indian and international. It is also the location for the Vidhan Bhavan which is the political headquarters of the state of Maharashtra.

Other Business Districts of Mumbai

References