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 ($1880/m²). Nariman Point hit a new high as a flat sold for a record $8.62 million (USD) on 26 November 2007, at an astonishing $2488 (97,842) 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 4th most expensive office market in the world.
Read more about Nariman Point: History, Manhattan of Mumbai, Other Business Districts of Mumbai
Famous quotes containing the word point:
“You should go to picture-galleries and museums of sculpture to be acted upon, and not to express or try to form your own perfectly futile opinion. It makes no difference to you or the world what you may think of any work of art. That is not the question; the point is how it affects you. The picture is the judge of your capacity, not you of its excellence; the world has long ago passed its judgment upon it, and now it is for the work to estimate you.”
—Anna C. Brackett (1836–1911)