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. wikimedia.org. Mumbais central business district, Nariman Point, is located at the narrow end of a peninsula. "Areas such as Nariman Point, Fort, Colaba, etc suffer from geographical constraints, which restrict new supply addition. 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. Featuring a 24-hour business center, the hotel has an outdoor pool, a fitness center and pampering spa treatments. 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. And new supply (accounting for 3 mn sqft) is expected to come in the next two-three years. This villa is spread over an area of a half-acre, including a beautiful garden at the backyard. In fact Nariman Point is positioned at the fifth spot in the list of the world’s top ten most expensive office centers. At Nariman Point, Property Consultant Ashok Narang said two of his clients have given notices to terminate their leave and license agreements. ... magicbricks.com. "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. 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. 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. Property in mumbai is highly expensive, even by global standards. Nariman Point, Mumbai. Some clients in the area want to shift to smaller offices. Moving down the lane of Carmichael Road in South Mumbai, you will find a huge and beautiful structure namely Villa Nirmala. Founded in 2012, Piramal Realty is the real-estate development business of the Piramal Group. The 5-star Trident Nariman Point is located in Mumbai, overlooking the beautiful Arabian Sea from Marine Drive. Dwarka is just second to Saket when it comes to rental accommodation. 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. 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. Complimentary WiFi is available in all rooms. 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