Nariman Point

Economy

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.

History

In 2006, prior to the 2008 financial crisis, 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 and Noida. 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 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 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.

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

References

1. "Ind Renewable Enercy Ltd & Vakharia Power Infrastructure Ltd, Regent Chambers, Nariman Point, Mumbai". Bloomberg.
2. Chadha, Sunainaa. (21 December 2012). "The slow but steady death of Nariman Point".
3. (22 February 2012). "Nariman Point drops 7 places to 15th spot in global office rentals". [[The Times of India]].
4. {{null. (17 December 2012). "Why Nariman Point is running on empty".
5. (12 March 1993). "1993: Bombay hit by devastating bombs".
6. (26 November 2021). "26/11 : The day terror hit us.".