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Nariman Point

Nariman Point
नरिमन पॉईंट
Business district

Coordinates: Template:IndAbbr 18°55′N 72°50′E / 18.92°N 72.83°E / 18.92; 72.83Coordinates: Template:IndAbbr 18°55′N 72°50′E / 18.92°N 72.83°E / 18.92; 72.83{{#coordinates:18.92|N|72.83|E|type:city_region:IN-Template:IndAbbr|||| |primary |name=

Country India
State Maharashtra
Metro Mumbai
 • Official Marathi
Time zone IST (UTC+5:30)
PIN 400021[1]
Area code(s) 022
Vehicle registration MH 01
Civic agency BMC

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]


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 96.2 million in 2020). 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]

Commercial establishments

File:Marine Drive.JPG
Nariman Point
File:1-20030101 38 Nariman point, Mumbai.JPG
'Near the Sea wall at Nariman point, one can relax(2012)'
Office Name
Headquarters of Central Bank of India
The Royal Bank of Scotland - Global Banking & Markets[5]
Accenture Management Consulting
AZB & Partners in Express Towers
The Parthenon Group
Tata Asset Management Ltd
McKinsey & Company
Boston Consulting Group
R K Global
The Blackstone Group
Monitor Group
Motilal Oswal Securities Ltd
State Bank of India
Kotak Mahindra Bank
Howrah Mills Co Ltd
HR Group
Kotak Securities
Edelweiss Capital
Bakhtawar Tower
Gulf Air
Navy House
Cromā Zip
Life Insurance Corporation
INOX Leisure Limited
Zen Securities Ltd.
Export Credit Guarantee Corporation of India Express Towers
Express Towers, home of the Indian Express newspaper
The Air India Building, Headquarters of Air India and National Aviation Company of India ltd.[6]
Maker Chambers
Trident, Nariman Point & The Oberoi Mumbai
Reserve Bank of India
British Consulate and British Library
Headquarters of Bank of India
French Consulate and Trade Mission
National Centre for the Performing Arts (NCPA)
SKP Group
Mittal Towers
Vidhyan Sabha (Legislative Assembly of Maharashtra)
Consulates of Oman, Qatar
Birla Bhavan
Bajaj Bhawan
simplex Group of Companies
DSP Merrill Lynch
Bank of America
Shah Investors home limited
Spencer Stuart
Reliance Capital Asset Management (Reliance Mutual fund)
Tata Consultancy Services Ltd.
Union Bank of India
State Bank of Mauritius (2nd largest bank of Mauritius with 3 branches in India headquartered in Mumbai)
Legasis Partners
Legasis Services Private Limited

Manhattan of Mumbai

File:Nariman Point Cityscape.jpg
Nariman point Cityscape
File:Cuffe Parade.jpg
Cuffe Parade and Backbay Reclamation as seen from 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


  1. ^ "Pin code : Nariman Point, Mumbai". 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 .
  5. ^ RBS (GBM) India. As of 25 April 2010.
  6. ^ "Address & Co|-ntact Numbers within India." Indian Airlines. Retrieved on 27 February 2010.

External links