Nariman 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.
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 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.