Significance
South Mumbai hosts the Reserve Bank of India and the Bombay Stock Exchange. Its primary business districts are the Fort, Nariman Point, Ballard Estate and more recently Lower Parel. Many leading Indian and multi-national companies are headquartered here. Chhatrapati Shivaji Terminus (CST) and Churchgate serve as headquarters and starting point for country's Central and Western Railway lines respectively.
In South Mumbai, unlike many parts of India, uninterrupted supply of power is available around the clock. A particular feature that distinguishes South Mumbai (or Island City) from the rest of Mumbai is the absence of autorickshaws. Only Yellow-top taxis are permitted to ply in South Mumbai. The area houses a significant proportion of prime upmarket residential neighbourhoods of Mumbai including: Peddar Road, Nepean Sea Road, Breach Candy and Walkeshwar Road, forming a sort of golden quadrilateral and includes some of the most expensive residential areas in the world, such as the Hanging Gardens, Altamont Road, Cuffe Parade and Carmichael Road. Lately there has been a surge of landmark real estate projects which have come in and around Lower Parel, Mahalaxshmi, Prabhadevi, Dadar, Matunga and Worli hence consolidating South Mumbai as one of the most prestigious and costliest places to live in India.
Many distinctive sporting clubs have been an integral part of South Mumbai landscape like the Willingdon Sports Club, the Turf Club at Mahalaxmi Racecourse, the Bombay Gymkhana, the N.S.C.I, and the Malabar Hill Club (Formerly W.I.A.A Club). The CCI and MCA are located at Mumbai's two cricket stadiums, Brabourne and Wankhede respectively.
Although land reclamation has allowed the southernmost tip of the district to double in size since the 1970s, the business districts face an acute shortage of real estate. As a result, the real-estate prices are among the top ten world-wide. As a ratio to average per capita income, real-estate prices in the business districts remain the most expensive in the world.
South Mumbai houses some of the best schools in the city including Cathedral & John Connon, St Xaviers, Campion, Don Bosco High School & Bombay Scottish.
South Mumbai is also the home to several of the city's sporting grounds, including Brabourne Stadium, Wankhede Stadium, Cooperage Ground, Azad Maidan Oval Maidan and Shivaji Park Ground.
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Famous quotes containing the word significance:
“For a parent, it’s hard to recognize the significance of your work when you’re immersed in the mundane details. Few of us, as we run the bath water or spread the peanut butter on the bread, proclaim proudly, “I’m making my contribution to the future of the planet.” But with the exception of global hunger, few jobs in the world of paychecks and promotions compare in significance to the job of parent.”
—Joyce Maynard (20th century)
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—Alasdair Chalmers MacIntyre (b. 1929)