Nariman Point is a prominent downtown area of

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the secon ...

Maharashtra Maharashtra (; , abbr. MH or Maha) is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the second-most populous state in India and the second-most populous country subdi ...

, India. Located on the southern tip of the Mumbai peninsula, at the end of the Mumbai's Marine Drive, Nariman Point houses some of India's prestigious business headquarters. It is boarded by

Churchgate Churchgate (Marathi pronunciation: ͡ʃəɾt͡ʃɡeːʈ is an area in South Mumbai. During the eighteenth and up to the mid-19th century, Mumbai was a walled city. The city walls had three gates, and Churchgate, named after St. Thomas Cath ...

in North,

Arabian Sea The Arabian Sea ( ar, اَلْبَحرْ ٱلْعَرَبِيُّ, Al-Bahr al-ˁArabī) is a region of the northern Indian Ocean bounded on the north by Pakistan, Iran and the Gulf of Oman, on the west by the Gulf of Aden, Guardafui Channe ...

on West and South, by

Colaba Colaba (; or ISO: Kolābā) is a part of the city of Mumbai, India. It is one of the four peninsulas of Mumbai while the other three are Worli, Bandra and Malabar Hill. During Portuguese rule in the 16th century, the island was known as Kolbh ...

on East side. It is one of the tourist attractions of Mumbai due to its skyline, Arabian sea view, Marine drive and lots of luxury 5 star hotels, restaurants.

History

Prior to 1940, the area was part of the Arabian sea. A popular leader of the

Congress A congress is a formal meeting of the representatives of different countries, constituent states, organizations, trade unions, political parties, or other groups. The term originated in Late Middle English to denote an encounter (meeting of ...

, Khurshed Nariman (affectionately called ''Veer'' Nariman), a Bombay Municipal Corporation corporator, proposed the

land reclamation Land reclamation, usually known as reclamation, and also known as land fill (not to be confused with a waste landfill), is the process of creating new land from oceans, seas, riverbeds or lake beds. The land reclaimed is known as reclamat ...

of the area of sea near

. 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 World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...

.The entire cost was estimated to be (equivalent to about in ). 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 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ...

, Nariman point was the seventh 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 fifth most expensive location despite many offices moving to

Gurgaon Gurgaon (pronunciation: �ʊɽɡãːw, officially named Gurugram (pronunciation: �ʊɾʊɡɾaːm, is a city located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest of the nationa ...

and

Noida Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) o ...

. During the same period, Nariman Point also dropped from seventh to fifteenth 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 Mumbai city.. Marine Drive

2008 terrorist attacks

On 26 November 2008's evening Pakistan trained

Lashkar-e-Taiba Lashkar-e-Taiba (LeT; ur, ; literally ''Army of the Good'', translated as ''Army of the Righteous'', or ''Army of the Pure'' and alternatively spelled as ''Lashkar-e-Tayyiba'', ''Lashkar-e-Toiba'', ''Lashkar-i-Taiba'', ''Lashkar-i-Tayyeba'') ...

Islamic terrorist Islamic terrorism (also known as Islamist terrorism or radical Islamic terrorism) refers to terrorist acts with religious motivations carried out by fundamentalist militant Islamists and Islamic extremists. Incidents and fatalities f ...

attacked Trident hotel and Oberoi hotel in this area. Both are the luxury hotels. The terrorist shot people with

AK-47 The AK-47, officially known as the ''Avtomat Kalashnikova'' (; also known as the Kalashnikov or just AK), is a gas-operated assault rifle that is chambered for the 7.62×39mm cartridge. Developed in the Soviet Union by Russian small-arms d ...

, thrown Grenades, the attack was part of larger Mumbai terrorist attack. In it terrorist killed 166 people and injured 238, and held the

Taj Hotel Taj Hotels is a chain of luxury hotels and a subsidiary of the Indian Hotels Company Limited, headquartered in Mumbai, India. Incorporated by Jamsetji Tata in 1902, the company is a part of the Tata Group, one of India's largest business congl ...

on siege for 3 days. Mumbai police shot down one terrorist and apprehended Ajmal Kasab. National Security Guards killed 8 terrorist and ended the terror.

Economy

Air India Air India is the flag carrier airline of India, headquartered at New Delhi. It is owned by Talace Private Limited, a Special-Purpose Vehicle (SPV) of Tata Sons, after Air India Limited's former owner, the Government of India, completed the ...

had its headquarters in the Air India Building for many years. Renewable Energy and Power companies Ind Renewable Enercy Ltd and Vakharia Power Infrastructure Ltd are headquartered at Regent Chambers, 208 Nariman Point, Mumbai. At one time

All Nippon Airways , also known as ANA (''Ē-enu-ē'') or is an airline in Japan. Its headquarters are located in Shiodome City Center in the Shiodome area of Minato ward of Tokyo. It operates services to both domestic and international destinations and had m ...

maintained its Mumbai sales office in the

Oberoi Trident Towers The Trident Nariman Point is a luxury hotel on Marine Drive in Nariman Point, Mumbai, India. It is owned and operated by the Trident Hotels division of The Oberoi Group. It have 35 floors, on completion in 1973, it was the tallest building ...

in Nariman Point.ANA Directory
"
Archive
.

. 1998. Retrieved on 9 July 2016. "Mumbai (Bombay) Room 2318 2320 The Oberoi Trident Towers Nariman Point Mumbai-400 021, India"

Gallery

File:Cuff Parade 4m Nariman Point - panoramio (5).jpg, A view of Nariman Point in day light File:Nariman Point, Mumbai, Maharashtra 400021, India - panoramio (18).jpg, View of Nariman Point in the evening

References

External links

{{Mumbai metropolitan area Economy of Mumbai Neighbourhoods in Mumbai High-technology business districts in India Central business districts in India