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:
“Consider a man riding a bicycle. Whoever he is, we can say three things about him. We know he got on the bicycle and started to move. We know that at some point he will stop and get off. Most important of all, we know that if at any point between the beginning and the end of his journey he stops moving and does not get off the bicycle he will fall off it. That is a metaphor for the journey through life of any living thing, and I think of any society of living things.”
—William Golding (b. 1911)