Nariman Point – Offers Value Deals
Once the pride of India, where the Top Business families used to take pride in owning square feet of office space be it in Dalamal Towers, Mittal Chambers, Mittal Towers, Regent Chambers or the Maker Tower III, IV, V, VI.
Nariman Point actually offers the best value deal as the Carpet Area to Built Up Area difference is the best due to the older constructions and one gets disciplined and settled buildings.
With lease rates varying from Rs.125/- to Rs.200/- Per square feet and effectively getting more area per sq.ft compared to a property in Lower Parel or BKC, Nariman Point still has life left in contrary to the reports of the media that the location has declined. But no one highlights the facts of the matter.
In times, when the real estate market is at a lull, and the sentiments of the companies lower, a factor like a higher useable area can tilt the deal in the direction of the Nariman Point.