Nariman Point, Mumbai

Nariman Point is one of the prominent central business districts located in southern Mumbai at the end of the iconic Marine Drive. Nariman Point PIN code is 400021, Nariman Point is known for hosting many leading Indian and global corporations. It is in close proximity to other upscale localities of Mumbai like Churchgate and Cuffe Parade. Nariman Point possesses top-notch commercial office spaces and luxury residential properties suitable for professionals working in its business establishments.

Nariman Point is inhabited predominantly by wealthy businessmen, corporate executives and affluent professionals who work in its commercial high-rises. Residents enjoy a high-class cosmopolitan lifestyle in this upmarket locality. Their posh dwellings offer luxury amenities and round-the-clock security. The culture is urbane and Westernized with residents socializing in swanky cafes, restaurants and clubs of the neighborhood. As one of Mumbai's most expensive addresses, Nariman Point attracts people seeking elegant living amidst a high-society environment with global exposure. 

Physical Infrastructure of Nariman Point

Being a financial hub of Mumbai, Nariman Point boasts of excellent physical infrastructure to facilitate connectivity. It is well-connected through major roads and public transport systems. The Metro line recently extended its services up to this district. The iconic Marine Drive and Netaji Subhash Chandra Bose Road passing through the locality ensure smooth vehicular movement. Some key commuting options around Nariman Point include Shyama Prasad Mukherjee Chowk, Churchgate railway station and Chhatrapati Shivaji Maharaj Terminus providing rail connectivity within Mumbai and other cities. 

Social and Retail Infrastructure of Nariman Point

Residents of Nariman Point have access to excellent social infrastructure including schools, colleges, hospitals and malls within close vicinity. Some of the reputed schools in the area are B D Somani International School, Campion School and The Cathedral & John Connon School. For higher education, well-known colleges like Institute of Science Colaba, K. C College and University Of Mumbai are located nearby. Medical needs are expertly taken care of at Sir H N Reliance Foundation Hospital & Research Centre, HCG ICS Khubchandani Cancer Hospital, Bombay Hospital and St. George Hospital. Retail therapy can be enjoyed at premier malls such as Oberoi Shopping Centre, Trident Shopping Centre, Metro Plaza and Taj Shopping Arcade.

Real Estate Market Trends and Rental Demand in Nariman Point

Located in the heart of Mumbai, Nariman Point emerges as the most sought-after residential and office location. Property rates here continue to rise over the years as demand exceeds supply. Premium apartments and penthouses are available at an average rate of Rs. 33,000-45,000 per sq.ft. owing to its elite address and upmarket amenities. Rental yields for landlords are amongst the highest in the city ranging from Rs. 150-250 per sq.ft. The high-income demographic, robust social and physical infrastructure have cemented Nariman Point's position as a top-tier luxury real estate destination. With major corporations headquartered here, rental demand from tenants remains steady. Property owners can expect both capital appreciation and rental income in the long run.

Top Employment Hubs nearby Nariman Point

As one of Mumbai's foremost commercial localities, Nariman Point acts as a magnet for employment. Home to headquarters of major conglomerates, it generates large scale white-collar job opportunities. Some of the top employment hubs near Nariman Point include:

• DBS Business Center - 200m
• Business Today, Nariman Point - 300m
• Apeejay Business Centre - 1.8km
• Tata Nexarc Business Hub - 2.4km
• Gemtech Business Centre, Mantralaya - 3km

Famous Localities in Nariman Point

Conveniently located in Southern Mumbai, Nariman Point has other notable residential enclaves nearby. Some of the famous sub-localities around Nariman Point within 10-12 km include:

• Churchgate
• Cuffe Parade
• Fort
• Marine Lines
• Colaba

Top Things to Do in Nariman Point

With an excellent mix of recreational attractions, residents of Nariman Point are never short of entertainment options in nearby areas within 10-12 km. The locality perfectly blends history, nature and urban vibrant activities. Some of the top landmarks to visit in Nariman Point are:

Gateway of India: 

This majestic arch shaped monument built in yellow basalt stands at the shore of Arabian Sea. It attracts millions of visitors every year. A spectacular sight during Sunset.

Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (Prince of Wales Museum): Housing rare Indian artifacts, sculptures and paintings, this museum offers insights into the cultural heritage of India. Not to be missed.

Marine Drive: 

Take an evening stroll along the promenade to enjoy breathtaking views of the Queen's Necklace by the Arabian Sea. Couples wander hand in hand along this 3.6 km long 'C' shaped road.

Wankhede Stadium: 

Witness the thrilling action of international cricket matches at this iconic venue, home of Mumbai cricket. The atmosphere inside is simply electric during high-voltage IPL fixtures.

Cross Maidan Garden: 

Spread over 26 acres, this lush park located in South Mumbai is ideal for people watching or relaxed afternoon walks amidst greenery. Kids can be seen playing joyfully.

Conclusion

What's Good About Nariman Point?

Nariman Point offers an unparalleled residential experience with its high-end amenities and surrounding attractions.

• Strategic location within Mumbai city
• Excellent social, physical and retail infrastructure
• Vibrant culture and cosmopolitan lifestyle
• Lucrative investment and rental opportunities
• Access to some of the best schools, hospitals and workplaces

What Could be Improved About Nariman Point?

While Nariman Point has many perks, increased commercialization has aggravated issues like traffic and pollution.

• Congested roads especially during peak hours
• Scarcity of affordable housing options
• Maintaining a work-life balance can be challenging
• Surging property prices have made it elitist
• Over-reliance on private transport amid limited parking space