Nariman Point is a prominent downtown area of Mumbai in Maharashtra, 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 bordered by Churchgate in North, Arabian Sea on West and South, by Colaba 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.
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 the land reclamation of the area of 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 ₹140 million in 2023). 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.[citation needed]
In 2006, prior to the financial crisis of 2007–08, Nariman point was the seventh most expensive location in the world for office space.[2] 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 and Noida.[2] During the same period, Nariman Point also dropped from seventh to fifteenth most expensive location for office rentals.[3] 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.[3] 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.[4]
On the evening of 26 November 2008, Pakistan trained Lashkar-e-TaibaIslamic terrorists attacked the luxury hotels Trident and Oberoi, located in this area. Both are luxury hotels. The terrorists attacked people with AK-47 assault rifles and Hand Grenades. This was part of the larger Mumbai terrorist attack. 166 people were killed, 238 injured to various degrees, and the Taj Hotel was besieged for 3 days. The Mumbai police apprehended one of the terrorists, Ajmal Kasab. The rest were eliminated in various operations by India's security forces.[5]
Economy
This section needs expansion. You can help by adding to it. (July 2016)
Renewable Energy and Power companies Ind Renewable Enercy Ltd and Vakharia Power Infrastructure Ltd are headquartered at Regent Chambers, 208 Nariman Point, Mumbai.[6]
^"Ind Renewable Enercy Ltd & Vakharia Power Infrastructure Ltd, Regent Chambers, Nariman Point, Mumbai". Bloomberg.
^"ANA Directory 8 July 2016 at the Wayback Machine" (). All Nippon Airways. 1998. Retrieved on 9 July 2016. "Mumbai (Bombay) Room 2318 2320 The Oberoi Trident Towers Nariman Point Mumbai-400 021, India"
External links
April 27, 2023
nariman, point, prominent, downtown, area, mumbai, maharashtra, india, located, southern, mumbai, peninsula, mumbai, marine, drive, houses, some, india, prestigious, business, headquarters, urbanair, india, building, trident, hotel, oberoi, hotel, marine, driv. Nariman Point is a prominent downtown area of Mumbai in Maharashtra 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 Nariman PointUrbanAir India Building Trident hotel and Oberoi hotel L R on Marine Drive in Nariman pointNariman PointNariman point in MumbaiShow map of MumbaiNariman PointNariman Point Maharashtra Show map of MaharashtraCoordinates 18 55 34 N 72 49 23 E 18 926 N 72 823 E 18 926 72 823 Coordinates 18 55 34 N 72 49 23 E 18 926 N 72 823 E 18 926 72 823CountryIndiaStateMaharashtraDistrictMumbai CityCityMumbaiFounded byKhurshed NarimanNamed forKhurshed NarimanGovernment TypeMunicipal Corporation BodyBrihanmumbai Municipal Corporation BMC Languages OfficialMarathiTime zoneUTC 5 30 IST PIN400021 1 Area code022Vehicle registrationMH 01Civic agencyBMCIt is bordered by Churchgate in North Arabian Sea on West and South by Colaba 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 Contents 1 History 1 1 2008 terrorist attacks 2 Economy 3 Gallery 4 References 5 External linksHistory EditPrior 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 the land reclamation of the area of 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 140 million in 2023 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 citation needed In 2006 prior to the financial crisis of 2007 08 Nariman point was the seventh most expensive location in the world for office space 2 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 and Noida 2 During the same period Nariman Point also dropped from seventh to fifteenth most expensive location for office rentals 3 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 3 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 4 From left to right Air India building Trident hotel Oberoi hotel and Marine drive road in the Nariman Point Nariman point buildings at night 2008 terrorist attacks Edit On the evening of 26 November 2008 Pakistan trained Lashkar e Taiba Islamic terrorists attacked the luxury hotels Trident and Oberoi located in this area Both are luxury hotels The terrorists attacked people with AK 47 assault rifles and Hand Grenades This was part of the larger Mumbai terrorist attack 166 people were killed 238 injured to various degrees and the Taj Hotel was besieged for 3 days The Mumbai police apprehended one of the terrorists Ajmal Kasab The rest were eliminated in various operations by India s security forces 5 Economy EditThis section needs expansion You can help by adding to it July 2016 Air India 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 6 At one time All Nippon Airways maintained its Mumbai sales office in the Oberoi Trident Towers in Nariman Point 7 Gallery Edit A view of Nariman Point in day light View of Nariman Point in the eveningReferences Edit Pin code Nariman Point Mumbai indiapincodes net Retrieved 9 February 2015 a b Chadha Sunainaa 21 December 2012 The slow but steady death of Nariman Point First Post a b Nariman Point drops 7 places to 15th spot in global office rentals The Times of India 22 February 2012 archived from the original on 12 December 2013 Why Nariman Point is running on empty Mumbai Mirror online edition 17 December 2012 26 11 The day terror hit us Ind Renewable Enercy Ltd amp Vakharia Power Infrastructure Ltd Regent Chambers Nariman Point Mumbai Bloomberg ANA Directory Archived 8 July 2016 at the Wayback Machine Archive All Nippon Airways 1998 Retrieved on 9 July 2016 Mumbai Bombay Room 2318 2320 The Oberoi Trident Towers Nariman Point Mumbai 400 021 India External links Edit Retrieved from https en wikipedia org w index php title Nariman Point amp oldid 1144584113, wikipedia, wiki, book, books, library,
