These are the latest property rates in Nariman Point, Mumbai — India’s original central business district on the reclaimed southern tip of the island, between the NCPA, the Air India building and the Oberoi/Trident hotels — covering office and residential figures and how Nariman Point compares with its neighbours.
Commercial Property Rates in Nariman Point
Office is the core market here. Independent research puts the average office sale rate near ₹65,300/sq.ft, with Grade-A towers — Dalamal Tower, Bakhtawar, Tulsiani Chambers, Buena Vista — spanning ₹45,000–75,000/sq.ft.
Office rents run about ₹200–400/sq.ft/month for standard space and ₹350–550 for refurbished Grade-A floors. These property rates in Nariman Point remain below BKC and Lower Parel, which drew away much of the CBD’s occupier demand over the last decade.
Estimated Residential Property Prices in Nariman Point
Residential asking rates for property rates in Nariman Point average about ₹66,000/sq.ft carpet — notably lower than Marine Drive, Churchgate or Cuffe Parade. Older towers such as Atul Residential and Tulsiani sit around ₹55,000–58,000.
Sea-facing buildings such as Shalaka (₹73,500) and Nirmal (₹69,200) run higher, and the landmark NCPA Apartments trade well above the locality at a small-sample ₹90,000–95,000; premium NCPA units carry ₹15–25 Cr tickets.
Rental Rates in Nariman Point
Residential rental data for Nariman Point is thin — most of the locality is office space. These ranges are estimated from the sale rate at the researched gross yield of about 2.8–3.5%, not taken from a direct rental survey, and are labelled as estimates on this page.
Nariman Point Property Price Trend
No reliable multi-year appreciation series is published for Nariman Point residential; this line is a flat reconstruction consistent with a soft market.
Nariman Point has lagged the South Mumbai sea belt for a decade as office occupiers moved to BKC and Lower Parel, which is why property rates in Nariman Point now sit below Marine Drive and Churchgate.
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Live Listings in Nariman Point
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Nariman Point & Neighbouring Localities
| Locality | Rate | vs Nariman Point |
|---|---|---|
| Marine Drive | ₹82,000 | +24% |
| Churchgate | ₹73,000 | +11% |
| Nariman Point (this locality) | ₹66,000 | — |
| Charni Road | ₹60,000 | -9% |
Marine Drive, Churchgate and Charni Road are all independently researched and cross-verified as of 6 September 2026. Rates shown are residential.
Nariman Point adjoins Cuffe Parade to the south and Churchgate to the north. Its residential rate sits below both, an unusual position for so central an address — a legacy of the CBD’s long slide against BKC.
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Chat on WhatsApp or call +91 96199 73211About Nariman Point
Nariman Point is the reclaimed southern tip of the island city, planned in the 1970s as India’s first purpose-built central business district around the Free Press Journal Marg and Maharshi Karve Road spines, with the NCPA, the Air India building and the Trident and Oberoi hotels at its edge.
For two decades it held Mumbai’s highest office rents in India. Since the 2000s, occupier demand has shifted steadily to Bandra Kurla Complex and the Lower Parel mill district, leaving Nariman Point with older Grade-B and refurbished Grade-A stock and periodic high vacancy.
At about ₹66,000/sq.ft, residential property rates in Nariman Point are below the ₹95,000 figure carried on older indices, and below neighbouring Marine Drive, Churchgate and Cuffe Parade — an unusual discount for so central a location.
Office space is the larger market: an average sale rate near ₹65,300/sq.ft, a ₹40,000–80,000 range across buildings, and rents of ₹200–550/sq.ft/month. An indicative residential transaction benchmark is around ₹48,000/sq.ft.
The long-discussed Nariman Point–Cuffe Parade waterfront and Coastal Road extension, plus Metro Line 3 (Aqua) connectivity at Cuffe Parade, are the main forward catalysts cited for the area.
What Affects Prices in Nariman Point
Frequently Asked Questions
Common questions about property rates in Nariman Point, covering office, residential and rental figures.
What is the current property rate in Nariman Point?
Residential asking rates for property rates in Nariman Point average about ₹66,000 per sq.ft carpet area (as of mid-2026), below the ₹95,000 figure on older indices.
Office space, the larger market here, averages around ₹65,300 per sq.ft with a ₹40,000–80,000 range across buildings. An indicative residential transaction benchmark is around ₹48,000 per sq.ft.
Why are property rates in Nariman Point lower than nearby Marine Drive or Cuffe Parade?
Nariman Point was built as an office district, and its fortunes have tracked the office market. As occupiers moved to Bandra Kurla Complex and Lower Parel from the 2000s onward, rents and values here stagnated while the residential sea belt kept appreciating.
The result is an unusual discount — a central, partly sea-facing address trading below its neighbours.
What are office rents and sale rates in Nariman Point?
Independent research puts the average office sale rate near ₹65,300/sq.ft, with a ₹40,000–80,000 spread across buildings such as Dalamal Tower, Bakhtawar, Tulsiani Chambers and Buena Vista.
Office rents run about ₹200–400/sq.ft/month for standard space and ₹350–550 for refurbished Grade-A floors.
What is the average rent for a home in Nariman Point?
Residential rental data here is thin. Estimated from the sale rate at a gross yield of about 2.8–3.5%, monthly rent is roughly ₹45,000–65,000 for a 1 BHK, ₹75,000–1.20 Lakh for a 2 BHK, and ₹2.00–3.60 Lakh for a sea-facing 3 BHK. These are estimates, not a direct rental survey.
Are these rates guaranteed, and how are they calculated?
No — the asking, transaction and Ready Reckoner rates are sourced from independent third-party market research, not guaranteed or a substitute for a professional valuation.
Asraa Realty separately began recording its own monthly rate snapshot for this locality on 6 September 2026. For an exact, property-specific figure, use the enquiry form above.
About Our Property Rate Data
Rates on this page — office and residential asking, transaction benchmark, Ready Reckoner, BHK and rental figures — are drawn from independent published research and government records, not generated by Asraa Realty.
All figures are on a carpet-area basis, per RERA’s mandatory quoting requirement. Residential asking averages about ₹66,000/sq.ft; office sale averages about ₹65,300/sq.ft with a ₹40,000–80,000 building-by-building spread.
The NCPA Apartments figure of ₹90,000–95,000 is a small, landmark-building sample and not typical of the locality.
No dependable multi-year residential appreciation series is published for Nariman Point; the trend line is a flat reconstruction, and residential rents are estimated from the sale rate at the researched yield rather than surveyed directly.
The Ready Reckoner shown is an estimate for this reclaimed C-ward zone. Use the enquiry form above for a precise, property-specific estimate.
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