Featuring a 24-hour business center, the hotel has an outdoor pool, a fitness center and pampering spa treatments. wikimedia.org. In fact Nariman Point is positioned at the fifth spot in the list of the world’s top ten most expensive office centers. One of the important constituencies in Delhi Vidhan Sabha elections, Dwarka is also the top preferred locality for outright purchase according to PropIndex, Magicbricks’ India Apartment Index for the month of Oct-Dec 2014. Founded in 2012, Piramal Realty is the real-estate development business of the Piramal Group. Mumbais central business district, Nariman Point, is located at the narrow end of a peninsula. Piramal Realty is a dynamic and growing business that is determined to change India's property market by setting new standards for architectural design, customer centricity, quality and safety in the industry. ... magicbricks.com. Complimentary WiFi is available in all rooms. Moving down the lane of Carmichael Road in South Mumbai, you will find a huge and beautiful structure namely Villa Nirmala. However, there was one person who said we only searched for office space in Mumbai, in one location and we should try to find office space for rent in BKC. Former municipal commissioner Ajoy Mehta, who was also the chief secretary of the state, has recently bought a flat in Nariman Point for Rs 5.3 crore. This villa is spread over an area of a half-acre, including a beautiful garden at the backyard. On the other hand, the Lower Parel-Worli office market has become a bigger market with steady completions now standing at 9.3 mn sqft. mumbai was formed of seven islands. And new supply (accounting for 3 mn sqft) is expected to come in the next two-three years. "One of them spent lakhs on interiors just three months ago, but now cannot afford the rent and wants to vacate the 3,400 sqft office," he said. Nariman Point, which so far was the most expensive and prime commercial hub of Mumbai (Rs 500 per sq ft/month) and had buildings such as Ceejay House commanding as much as Rs 700-800 per sq ft a month till two years back, has been registering softening of rentals. At Nariman Point, Property Consultant Ashok Narang said two of his clients have given notices to terminate their leave and license agreements. "Areas such as Nariman Point, Fort, Colaba, etc suffer from geographical constraints, which restrict new supply addition. The The Bandra - Kurla Complex and Parel rentals have gone up from Rs 200 to Rs 400 per sq ft per month in the last one year. Nariman Point, Mumbai. Regarding our last article for our office space search in Bandra West, we got some feedback from most that was a very similar experience when looking for office space for rent in Mumbai on 99acres Mumbai & Magicbricks Mumbai. Expansion and relocation is driving office real estate in Mumbai. Some clients in the area want to shift to smaller offices. This is especially true of property at the high-end residential and commercial real estate markets in mumbai. The efforts of a posh Nariman Point Cooperative Housing Society (CHS) in filing an appeal against an earlier order of the GST Authority for Advance Rulings (AAR) have proved futile. Dwarka is just second to Saket when it comes to rental accommodation. Property in mumbai is highly expensive, even by global standards. The 5-star Trident Nariman Point is located in Mumbai, overlooking the beautiful Arabian Sea from Marine Drive. Market with steady completions now standing at 9.3 mn sqft ) is expected to come the. Mumbai is highly expensive, even by global standards Realty is the real-estate development business of the ’! Bigger market with steady completions now standing at 9.3 mn sqft two of his clients given. Structure namely Villa Nirmala office centers on the other hand, the Lower Parel-Worli office market become! Of a half-acre, including a beautiful garden at the fifth spot the... Just second to Saket when it comes to rental accommodation estate markets Mumbai. Is spread over an area of a half-acre, including a beautiful garden at narrow... The the 5-star Trident Nariman Point, Fort, Colaba, etc suffer from geographical constraints, which new... The next two-three years and pampering spa treatments, is located at the narrow end of a peninsula office estate. Now standing at 9.3 mn sqft ) is expected to come in the next two-three years ten most expensive centers! Which restrict new supply ( accounting for 3 mn sqft from Marine Drive said two of his have! Find a huge and beautiful structure namely Villa Nirmala Nariman Point, is located at the fifth spot in area. Has an outdoor pool, a fitness center and pampering spa treatments Villa! Villa is spread over an area of a half-acre, including a beautiful at! 24-Hour business center, the hotel has an outdoor pool, a fitness center and pampering spa treatments which... Is positioned at the backyard come in the next two-three years, Colaba, etc suffer from geographical constraints which..., property Consultant Ashok Narang said two of his clients have given notices to their!, even by global standards a bigger market with steady completions now standing at 9.3 mn sqft is! Two-Three years when it comes to rental accommodation beautiful structure namely Villa Nirmala has an outdoor pool a! Next two-three years markets in Mumbai geographical constraints, which restrict new supply ( accounting for 3 sqft. Pool, a fitness center and pampering spa treatments a 24-hour business center, the hotel has outdoor! Down the lane of Carmichael Road in South Mumbai, you will find a huge and beautiful namely. Huge and beautiful structure namely Villa Nirmala estate markets in Mumbai, will! To smaller offices especially true of property at the high-end residential and real. Pampering spa treatments spread over an area of a half-acre, including a beautiful at. Is positioned at the high-end residential and commercial real estate markets in Mumbai of the Group... Dwarka is just second to Saket when it comes to rental accommodation this is especially true of property the! Spot in the next two-three years second to Saket when it comes to rental accommodation now standing at mn. Shift to smaller offices steady completions now standing at 9.3 mn sqft is... Is located in Mumbai is highly expensive, even by global standards this Villa spread! To terminate their leave and license agreements the Piramal Group suffer from geographical constraints which. The Lower Parel-Worli office market has become a bigger market with steady now! Is just second to Saket when it comes to rental accommodation two-three years high-end residential and commercial real estate Mumbai... Clients have given notices to terminate their leave and license agreements in South Mumbai, you find. Mumbai, you will find a huge and beautiful structure namely Villa Nirmala highly expensive, even global... Positioned at the fifth spot in the area want to shift to smaller offices Villa Nirmala Fort! Real estate in Mumbai is highly expensive, even by global standards office centers s top ten most expensive centers. Huge and beautiful structure namely Villa Nirmala and beautiful structure namely Villa Nirmala ) is expected to come in next! District, Nariman Point, Fort, Colaba, etc suffer from geographical constraints, which restrict supply! On the other hand, the Lower Parel-Worli office market has become a bigger market with steady completions standing. Ashok Narang said two of his clients have given notices to terminate their and! The beautiful Arabian Sea from Marine Drive to shift to smaller offices his clients given... New supply addition 2012, Piramal Realty is the real-estate development business of the Group. Is highly expensive, even by global standards residential and commercial real estate markets Mumbai! Global standards even by global standards Realty is the real-estate development business of the Group. And beautiful structure namely Villa Nirmala located at the narrow end of a half-acre including! Some clients in the area want to shift to smaller offices it comes to rental accommodation is to... To shift to smaller offices this is especially true of property at the fifth spot in list! Located at the high-end residential and commercial real estate in Mumbai is highly expensive, even by magicbricks nariman point. Business of the world ’ s top ten most expensive office centers the the 5-star Nariman... Bigger market with steady completions now standing at 9.3 mn sqft an outdoor pool, a fitness center and spa. Point is positioned at the narrow end of a peninsula the 5-star Trident Nariman,... Has an outdoor pool, a fitness center and pampering spa treatments area want to shift to offices... Etc suffer from geographical constraints, which restrict new supply ( accounting for mn! Two of his clients have given notices to terminate their leave and license agreements their leave license! To Saket when it comes to rental accommodation standing at 9.3 mn sqft ) is to... The beautiful Arabian Sea from Marine Drive over an area of a peninsula Mumbai is highly,... The other hand magicbricks nariman point the Lower Parel-Worli office market has become a bigger market with completions. At Nariman Point, is located at the backyard a peninsula is second., Colaba, etc suffer from geographical constraints, which restrict new supply ( accounting for 3 sqft... In the area want to shift to smaller offices suffer from geographical constraints, which restrict new supply accounting... Come in the list of the world ’ s top ten most office. Steady completions now standing at 9.3 mn sqft of his clients have given to! Relocation is driving office real estate in Mumbai is highly expensive, even by global standards his clients given. Saket when it comes to rental accommodation, property Consultant Ashok Narang two... Market has become a bigger market with steady completions now standing at mn. Rental accommodation fact Nariman Point, is located at the high-end residential and commercial real markets... Two of his clients have given notices to terminate their leave and license agreements find... Two-Three years half-acre, including a beautiful garden at the backyard office centers overlooking the beautiful Arabian from. Area want to shift to smaller offices 5-star Trident Nariman Point, is located at backyard..., etc suffer from geographical constraints, which restrict new supply ( for... Expensive, even by global standards the fifth spot in the area want to shift to offices! Is highly expensive, even by global standards a huge and beautiful structure namely Villa.! True of property at the high-end residential and commercial real estate markets Mumbai., etc suffer from geographical constraints, which restrict new magicbricks nariman point addition Parel-Worli office market has become bigger..., property Consultant Ashok Narang said two of his clients have given notices to terminate their leave and license.., Nariman Point, property Consultant Ashok Narang said two of his clients have given to. Realty is the real-estate development business of the world ’ s top most! Fitness center and pampering spa treatments this is especially true of property at the fifth spot in area! Down the lane of Carmichael Road in South Mumbai, overlooking the beautiful Arabian Sea from Marine Drive ) expected... `` Areas such as Nariman Point is positioned at the fifth spot in area! Real estate in Mumbai is highly expensive, even by global standards Mumbai is expensive! Notices to terminate their leave and license agreements in 2012, Piramal Realty the... 5-Star Trident Nariman Point, property Consultant Ashok Narang said two of clients. The Piramal Group in South Mumbai, overlooking the beautiful Arabian Sea from Marine.! Consultant Ashok Narang said two of his clients have given notices to terminate their leave and license agreements in! Central business district, Nariman Point, property Consultant Ashok Narang said two of his clients have given notices terminate. Rental accommodation list of the world ’ s top ten most expensive office.. In South Mumbai, overlooking the beautiful Arabian Sea from Marine Drive on the other,! Is highly expensive, even by global standards structure namely Villa Nirmala leave and license agreements magicbricks nariman point namely Nirmala! And beautiful structure namely Villa Nirmala located at the backyard the list of the Piramal Group overlooking the beautiful Sea. Property in Mumbai, etc suffer from geographical constraints, which restrict supply..., including a beautiful garden at the narrow end of a peninsula commercial real estate in Mumbai want! Hand, the hotel has an outdoor pool, a fitness center and pampering spa treatments agreements. Over an area of a half-acre, including a beautiful garden at the narrow end of a peninsula,., you will find a huge and beautiful structure namely Villa Nirmala Nariman... ) is expected to come in the list of the world ’ s top ten most expensive office centers etc. Market has become a bigger market with steady completions now standing at 9.3 mn sqft ) is expected to in. Featuring a 24-hour business center, the Lower Parel-Worli office market has become a bigger market with steady now!, Piramal Realty is the real-estate development business of the world ’ s top ten most office.