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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. Because of this, it is seen as the business district of Mumbai.
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.
HistoryEdit
In 2006, prior to the 2008 financial crisis, Nariman point was the seventh most expensive location in the world for office space.<ref name="Chadha">Template:Citation.</ref> 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.<ref name="Chadha" /> During the same period, Nariman Point also dropped from seventh to fifteenth most expensive location for office rentals.<ref name="TNN">Template:Citation.</ref> 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.<ref name="TNN" /> 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.<ref name="MM">Template:Citation.</ref>
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Terrorist attacksEdit
In 1993, the 1993 Bombay bombings took place. Bombs were destroyed at Nariman Point and nearby places. There were also bombs in other parts of the city. <ref>Template:Cite news</ref>
On the evening of 26 November 2008, Pakistani-trained Lashkar-e-Taiba terrorists attacked the luxury hotels Trident and Oberoi, which are located in this area. They used AK-47 assault rifles and Hand Grenades 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 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
EconomyEdit
Template:Expand section Notable Headquarters and Offices
For many years, Air India 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.<ref>Template:Cite news</ref>
GalleryEdit
- Cuff Parade 4m Nariman Point - panoramio (5).jpg
A view of Nariman Point and Colaba in day light
- Nariman Point, Mumbai, Maharashtra 400021, India - panoramio (18).jpg
View of Nariman Point in the evening
- Colaba & Cuffe Parade.jpg
View of Colaba and Cuffe Parade from Nariman Point
ReferencesEdit
External linksEdit
Template:Mumbai topics {{#invoke:Navbox|navbox}} Template:Mumbai metropolitan area