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
Commercial rates in Nariman Point change a lot from one building to the next: floor, frontage, road, fit-out and lease terms can move the price by 2× or more. A single per sq.ft figure would mislead, so we share current deal rates on request.
Tell us what you need (office or shop, size and budget, buy or lease) and we will send recent rates for matching Nariman Point properties on WhatsApp.
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.
Property Rates in Nariman Point: 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.
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Live Listings in Nariman Point
No live Asraa Realty listings in Nariman Point right now.
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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.
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.
Property rates in Nariman Point on this page are indicative, on a carpet-area basis, from current listings and published research. The Ready Reckoner rate is set by IGR Maharashtra. These figures are not a valuation.
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