The Nariman Point prices are low currently and they have come down from their peak pricing in 2010.
The focus of Banks, Institutions and lot of large Corporations has switched to Bandra Kurla Complex owing to availability of large private buildings of areas of around 1 lakh to 3 lakh sq ft to house the complete operations of companies, banks, institutions under one roof.
The prices in Nariman Point currently are at fair market value and with Metro connectivity from South to North Mumbai coming up well by the year 2022, it will surely have some impact on the district.
Nariman Point is a pretty well planned district and has a feel of very upmarket and located in South Mumbai gives it an added charm and located close to Fort, Colaba and Cuffe Parade and Malabar Hill it has a good mix of residential locations around.
The built up to carpet area efficiency due to older buildings is the best in Nariman Point compared to any other locations and outgoings are lower owing to older buildings.
So once the city of Mumbai settles after the Mumbai Metro come in the calibration in the prices of real estate are inevitable. So Nariman Point to the best of our understanding will remain a good favourite with Business Houses, Mid Size Private Companies, Professionals and typical Government related businesses for which you need to be in and around Nariman Point.