Nariman Point : The business Centre , Mumbai,Maharashtra
Nariman Point:-
Location: The southern tip of Marine Drive, South Mumbai
Famous For: Being the chief business headquarters of India
Nearby Tourist Attractions:- Marine Drive, Gateway of India, Churchgate
How to Reach:- Easily accessible by bus, auto, taxi or local trains. The distance from the domestic airport is 25 km approximately. From the airport taxis, autos and buses are easily available.
Nariman Point MumbaiNariman Point is the fourth most expensive office location in the world. It is home to some of the biggest financial and business establishments such as Air India, Central Bank of India, Indian Express, State Bank of India, The Oberoi Hotel and so on. Situated on the extreme southern gradient of Marine Drive, It is one of the posh locations in Mumbai. The vivacious city of Mumbai proudly boasts of this place as a main tourist attraction. Even more eye-catching is the breathtaking view of Arabian Sea, which is the highlight of Nariman Point that attracts tourists from all over the country and also the world. Moreover, the nightlife in Nariman Point is quite lively because of the presence of extraordinary star hotels, pubs and lounge bars. Read on to learn about the beginning and history of Nariman Point.
History:-
Till 1940, Nariman Point was a part of the Arabian Sea. Khursheed Framji Nariman was the one to propose the idea of converting the place into a business platform by reclaiming some part of the land. Khursheed Nariman, who was fondly called Veer Nariman, was an active Congress leader and served as a corporator to the Bombay Municipal Corporation. He suggested retrieving the area near Churchgate and in order to undertake this task, garbage from all parts of Mumbai (then Bombay) was dumped to fill the shallow sea coast. Concrete cement along with imported steel was used to construct this place. Then, the total cost was anticipated to be Rs.3 lakhs, which now would have cost Rs.10 crore. More reinforcement works were carried out later.
Present Day Nariman Point:-
As already mentioned above, Nariman Point today is a premium business hub with some internationally renowned business, financial and industrial houses. Strewn with many skyscrapers, Nariman Point gives a stunning impression of Manhattan and therefore, had been designated as the 'Manhattan of Mumbai'. All the major banks and their headquarters are located in this area. Also, it houses some major airline offices. One can find several extortionate residential condos, Mittal Towers, Birla Bhavan and Vidhya Bhavan, the political head office of the State of Maharashtra. Ever since it was built, Nariman Point has been eyed by investors and industrialists to have their offices set up there. Today, this place brags of the remarkable skyline, pricy residential apartments, big industrial houses and classy hotels.
Following are some popular business institutions located in Nariman Point:-
Central Bank of India
Mittal Towers, Air India
The Royal Bank of Scotland
Accenture Management Consulting
Headquarters of Bank of India
Kotak Mahindra Group
Indian Express
Birla Bhavan
French Consolate and Trade Mission
British Consulate and British Library
National Centre for the Performing Arts (NCPA)
Maker Chambers
Shopping:-
Shopping can be fun in Nariman Point due to the presence of many domestic as well internationally famous shops and brands. Apart from being the financial hub, this place is also considered a shopping destination.
Being famous as one of the most expensive and urbane locations, Nariman Point stands a pride of India. It not only pulls business officials to trade here, but also serves as a motivation to the city of Mumbai and the rest of India, in terms of commercial and economic partaking. Its intelligent layout is something which will be referred to while planning for any financial or industrial zones.
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 Prior to Nariman Point's development, Mumbai's business centre was at Ballard Estate, 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.
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 ₹103 million in 2016). 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. 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. During the same period, Nariman Point also dropped from 7th to 15th most expensive location for office rentals. 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. 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.
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Nariman Point:-
Location: The southern tip of Marine Drive, South Mumbai
Famous For: Being the chief business headquarters of India
Nearby Tourist Attractions:- Marine Drive, Gateway of India, Churchgate
How to Reach:- Easily accessible by bus, auto, taxi or local trains. The distance from the domestic airport is 25 km approximately. From the airport taxis, autos and buses are easily available.
Nariman Point MumbaiNariman Point is the fourth most expensive office location in the world. It is home to some of the biggest financial and business establishments such as Air India, Central Bank of India, Indian Express, State Bank of India, The Oberoi Hotel and so on. Situated on the extreme southern gradient of Marine Drive, It is one of the posh locations in Mumbai. The vivacious city of Mumbai proudly boasts of this place as a main tourist attraction. Even more eye-catching is the breathtaking view of Arabian Sea, which is the highlight of Nariman Point that attracts tourists from all over the country and also the world. Moreover, the nightlife in Nariman Point is quite lively because of the presence of extraordinary star hotels, pubs and lounge bars. Read on to learn about the beginning and history of Nariman Point.
History:-
Till 1940, Nariman Point was a part of the Arabian Sea. Khursheed Framji Nariman was the one to propose the idea of converting the place into a business platform by reclaiming some part of the land. Khursheed Nariman, who was fondly called Veer Nariman, was an active Congress leader and served as a corporator to the Bombay Municipal Corporation. He suggested retrieving the area near Churchgate and in order to undertake this task, garbage from all parts of Mumbai (then Bombay) was dumped to fill the shallow sea coast. Concrete cement along with imported steel was used to construct this place. Then, the total cost was anticipated to be Rs.3 lakhs, which now would have cost Rs.10 crore. More reinforcement works were carried out later.
Present Day Nariman Point:-
As already mentioned above, Nariman Point today is a premium business hub with some internationally renowned business, financial and industrial houses. Strewn with many skyscrapers, Nariman Point gives a stunning impression of Manhattan and therefore, had been designated as the 'Manhattan of Mumbai'. All the major banks and their headquarters are located in this area. Also, it houses some major airline offices. One can find several extortionate residential condos, Mittal Towers, Birla Bhavan and Vidhya Bhavan, the political head office of the State of Maharashtra. Ever since it was built, Nariman Point has been eyed by investors and industrialists to have their offices set up there. Today, this place brags of the remarkable skyline, pricy residential apartments, big industrial houses and classy hotels.
Following are some popular business institutions located in Nariman Point:-
Central Bank of India
Mittal Towers, Air India
The Royal Bank of Scotland
Accenture Management Consulting
Headquarters of Bank of India
Kotak Mahindra Group
Indian Express
Birla Bhavan
French Consolate and Trade Mission
British Consulate and British Library
National Centre for the Performing Arts (NCPA)
Maker Chambers
Shopping:-
Shopping can be fun in Nariman Point due to the presence of many domestic as well internationally famous shops and brands. Apart from being the financial hub, this place is also considered a shopping destination.
Being famous as one of the most expensive and urbane locations, Nariman Point stands a pride of India. It not only pulls business officials to trade here, but also serves as a motivation to the city of Mumbai and the rest of India, in terms of commercial and economic partaking. Its intelligent layout is something which will be referred to while planning for any financial or industrial zones.
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 Prior to Nariman Point's development, Mumbai's business centre was at Ballard Estate, 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.
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 ₹103 million in 2016). 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. 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. During the same period, Nariman Point also dropped from 7th to 15th most expensive location for office rentals. 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. 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.
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