Constructions & Real Estate

South Mumbai: The Original CBD Returns February 25, 2010

Nariman Point. Churchgate. Fort. Cuffe Parade… South Mumbai CBD has always been the city’s quintessential, iconic commercial hub. One can attribute this to the nature of the city, which was dependent on its port for its economy. Over time, South Mumbai CBD became Mumbai’s primary commercial real estate nexus – and it still represents a fair share of Mumbai’s economy. A large number of companies operating in India have their head office in South Mumbai CBD. In fact, the area could have burgeoned further if it had not been flanked by water on all three sides. With the primary reason of having no scope of expansion, most corporates were eventually prevailed upon to launch distributed offices in various other parts of the city. Additionally, new/alternate commercial hubs in Mumbai started offering state-of-the-art developments with modern amenities. These developments had single owners – in other words, non-strata titles – and contigu ous expansion space, all of which were until then unavailable to corporates in South Mumbai CBD. The fact of the matter is that South Mumbai CB, is still THE CBD for BFSI and PE companies who are looking for the above-mentioned factors in their office spaces.