Nariman Point is a prominent downtown area of

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...

, 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. Because of this, it is seen as the business district of Mumbai. It is bordered by

Churchgate Churchgate (Marathi pronunciation: ͡ʃəɾt͡ʃɡeːʈ is an area in the southern part of Mumbai, close to the Arabian Sea. The area is known for its unique architecture consisting of art deco style residential buildings, access to sportin ...

in North,

Arabian Sea The Arabian Sea () is a region of sea in the northern Indian Ocean, bounded on the west by the Arabian Peninsula, Gulf of Aden and Guardafui Channel, on the northwest by Gulf of Oman and Iran, on the north by Pakistan, on the east by India, and ...

on West and South, by

Colaba Colaba (; or ISO 15919, 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 the Portuguese rule in the 16th century, the island was ...

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

In 2006, prior to the

2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

, 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 Connaught Place is a place name of various places in the world: * Connaught Place, New Delhi, officially Rajiv Chowk, an affluent business centre and tourist attraction in New Delhi, Delhi, India * Connaught Place (Hong Kong) in Central, Hong Kong ...

remained the fifth most expensive location despite many offices moving to

Gurgaon Gurgaon (), officially named Gurugram (), is a satellite city of Delhi and administrative headquarters of Gurgaon district, located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest ...

and

Noida Noida (), short for New Okhla Industrial Development Authority (ISO: ), is a city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. As per provisional reports of Census of India, the population of Noida in 2011 was ...

. 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..

Terrorist attacks

In 1993, the

1993 Bombay bombings The 1993 Bombay bombings was a series of 12 terrorist bombings that took place primarily in Hindu majority areas in Bombay (now Mumbai), Maharashtra, on 12 March 1993. The single-day attacks resulted in 257 fatalities and 1,400 injuries. The ...

took place. Bombs were destroyed at Nariman Point and nearby places. There were also bombs in other parts of the city. On the evening of 26 November 2008, Pakistani-trained

Lashkar-e-Taiba Lashkar-e-Taiba (LeT) is a Pakistani Islamism, Islamist militant organization driven by a Salafi jihadism, Salafi jihadist ideology. The organisation's primary stated objective is to merge the whole of Kashmir with Pakistan. It was founded in 19 ...

terrorists Terrorism, in its broadest sense, is the use of violence against non-combatants to achieve political or ideological aims. The term is used in this regard primarily to refer to intentional violence during peacetime or in the context of war aga ...

attacked the luxury hotels Trident and Oberoi, which are located in this area. They used

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

assault rifles and

Hand Grenades A grenade is a small explosive weapon typically thrown by hand (also called hand grenade), but can also refer to a shell (explosive projectile) shot from the muzzle of a rifle (as a rifle grenade) or a grenade launcher. A modern hand grenade g ...

in their attack, which was part of the larger Mumbai terrorist attack. 166 people were killed, 238 injured to various degrees, and 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. The company employed over 20,000 people ...

was besieged for 3 days. The Mumbai police apprehended one of the terrorists,

Ajmal Kasab Muhammad Ajmal Amir Kasab (13 July 1987 – 21 November 2012) was a Pakistani terrorist and a member of the Islamism, Islamist militant organization Lashkar-e-Taiba through which he took part in the 2008 Mumbai attacks, 2008 Mumbai terr ...

. The rest were eliminated in various operations by India's security forces.

Economy

Notable Headquarters and Offices For many years,

Air India Air India is the flag carrier of India with its main hub at Indira Gandhi International Airport in Delhi, and secondary hubs at Kempegowda International Airport in Bengaluru and Chhatrapati Shivaji Maharaj International Airport in Mumbai, alo ...

operated from the Air India Building, one of the district's most recognizable landmarks, symbolizing the prominence of the national airline. Renewable energy companies, including Ind Renewable Energy Ltd and Vakharia Power Infrastructure Ltd, are headquartered in Regent Chambers, a prominent commercial building at 208 Nariman Point, housing various energy and infrastructure firms.

Tallest Buildings 100m+

High Rise Buildings

*33 Jamnalal Bajaj Marg (Atlanta) *229 Ramnath Goenka Marg (Bakhtawar) *316 Free Press Journal Marg (Dalamal Towers) *211 NCPA Marg (Earnest House) *215 Free Press Journal Marg (Free Press House) *193 Vinay K Shah Marg (Hoechst House) *225 Vinay K Shah Marg (Jolly Maker Chambers) *84 Jamnalal Bajaj Marg (Maker Chambers 3) *126 Jamnalal Bajaj Marg (Maker Chambers 4) *142 Jamnalal Bajaj Marg (Maker Chambers 5) *222 Jamnalal Bajaj Marg (Maker Chambers 6) *224 Barrister Rajni Patel Marg (Mittal Court) *210 Free Press Journal Marg (Mittal Towers) *227 Vinay K Shah Marg (Nariman Bhavan) *241 Barrister Rajni Patel Marg (Nirmal) *213 Free Press Journal Marg (Raheja Chambers) *230 Ramnath Goenka Marg (Sakhar Bhavan) *245 Madam Cama Road (Shipping Corporation of India) *247 Free Press Journal Road (State Admin Building) *154 Madam Cama Road (State Bank of India) *239 Vidhan Bhavan Marg (Union Bank of India) *240 Vidhan Bhavan Marg (Vidhan Bhavan)

Low Rise Buildings

*209 NCPA Marg (Arcadia) *226 Barrister Rajni Patel Marg (Bajaj Bhavan) *206 Jamnalal Bajaj Road (Dalamal House) *311 Jamnalal Bajaj Road (Embassy Centre) *238 Vidhan Bhavan Marg (Marfatlal Centre) *228 Barrister Rajni Patel Marg (Mittal Chambers) *214 Free Press Journal Marg (Raheja Centre) *208 Jamnalal Bajaj Marg (Regent Chambers) *7 Free Press Journal Marg (Tulsiani Chambers)

Gallery

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

References

External links

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