Till 1940, Nariman Point was a part of the Arabian Sea. Khursheed Framji Nariman was the one to propose the idea of converting the place into a business platform by reclaiming some part of the land. Khursheed Nariman, who was fondly called Veer Nariman, was an active Congress leader and served as a corporator to the Bombay Municipal Corporation. He suggested retrieving the area near Churchgate and in order to undertake this task, garbage from all parts of Mumbai (then Bombay) was dumped to fill the shallow sea coast. Concrete cement along with imported steel was used to construct this place. Then, the total cost was anticipated to be Rs.3 lakhs, which now would have cost Rs.10 crore. More reinforcement works were carried out later.
Present Day Nariman Point
As already mentioned above, Nariman Point today is a premium business hub with some internationally renowned business, financial and industrial houses. Strewn with many skyscrapers, Nariman Point gives a stunning impression of Manhattan and therefore, had been designated as the 'Manhattan of Mumbai'. All the major banks and their headquarters are located in this area. Also, it houses some major airline offices. One can find several extortionate residential condos, Mittal Towers, Birla Bhavan and Vidhya Bhavan, the political head office of the State of Maharashtra. Ever since it was built, Nariman Point has been eyed by investors and industrialists to have their offices set up there. Today, this place brags of the remarkable skyline, pricy residential apartments, big industrial houses and classy hotels.
Following are some popular business institutions located in Nariman Point: