Nariman Point is Mumbai's premier business district and country's first central business district. It was named after Khursheed Framji Nariman, a Parsi visionary. The area is situated on land reclaimed from the sea. It had the distinction of having the highest commercial real estate rental space in the world in 1995 at $175 per square foot. Nariman Point hit a new high as a flat sold for a record $8.62 million on 26 November 2007, at an astonishing $2488 per square foot. According to the "Office Space Across the World 2012" report by Cushman & Wakefield, Nariman point is the 15th most expensive CBD in the world. The area is situated on the extreme southern tip of Marine Drive. It houses some of India's premier business headquarters. Nariman point is the 25th most expensive office market in the world. History Prior to 1940, the area was part of the Arabian sea. A popular leader of the Congress, Khurshed Nariman (affectionately called Veer Nariman), a Brihanmumbai Municipal Corporation corporator, proposed to reclaim the area from the sea near Churchgate. To accomplish this task, debris from various parts of the city was dumped here and the shallow sea coast was filled. Reinforced concrete cement was used, of which the imported steel used was obtained from the black market at a higher price due to the World War II.The entire cost was estimated to be 3 lakhs or 300,000 (now 10 crores or 100,000,000) Additional reclamations were carried out in the 1970s. A construction boom in that decade saw this region spurting many commercial high-rises. Commercial establishments India office of http://www.RealEstateDealStreet.com Headquarters of Central Bank of India The Royal Bank of Scotland - Global Banking & Markets Accenture Management Consulting AZB & Partners in Express Towe s Kochhar & Co. The Parthenon Group Tata Asset Management Ltd McKinsey & Company Boston Consulting Group R K Global Bain Capital Monitor Group Motilal Oswal Securities Ltd State Bank of India Kotak Mahindra Bank JPMorgan Howrah Mills Co Ltd HR Group Kotak Securities Edelweiss Capital Bakhtawar Tower Gulf Airlines Navy House HSBC Croma Zip IITC Life Insurance Corporation INOX Leisure Ltd. Zen Securities Ltd. Export Credit GuaranteeCorporation of India Ltd.in 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. 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 Consulates of Oman, Qatar Birla Bhavan Bajaj Bhawan simplex Group of Companies DSP Merrill Lynch Bank of America IndiaBulls Shah Investors home limited Spencer Stuart Reliance Capital Asset Management(Reliance Mutual fund) SMC -SAM GLOBAL 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 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. Image source and licensing details: http://wikipedia.org/wiki/File:Mumbai_skyline.jpgThis is a synthesized speech reading of the Wikipedia article "Nariman Point" and is intended primarily for blind and visually impaired individuals who can not view Wikipedia. This video can also be used for mobile users who wish to listen to Wikipedia articles on the go, or by those who wish to learn a second language by reading the captions in that language while listening in English. Original article available at http://en.wikipedia.org/wiki/Nariman_Point All text from Wikipedia is licensed under CC-BY-SA: https://en.wikipedia.org/wiki/Wikipedia:Reusing_Wikipedia_content "You are free ... to make commercial use of the work": http://creativecommons.org/licenses/by-sa/3.0/ Text-to-speech synthesized from FestVox, which permits commercial use: "no restrictions on its use (commercial or otherwise)" http://festvox.org/festival/downloads.html Original article available at http://en.wikipedia.org/wiki/Nariman_Point Note: all these licenses permit commercial use, and therefore we are permitted to monetize videos derived from these contents.

• published: 25 Aug 2013
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