It is one of the tourist attractions of Mumbai due to its skyline, Arabian sea view, Marine drive and lots of luxury 5 star hotels, restaurants.

Reinforced concrete cement was also used, the steel for which had to be purchased on the black market at higher prices due to World War II.The entire cost was estimated to be ₹300,000 (equivalent to about ₹171 million in 2025).

[citation needed] In 2006, prior to the financial crisis of 2007–08, Nariman point was the seventh most expensive location in the world for office space.

[3] The reasons for the decline were the high prices, lower quality and age of construction, and increasing distances from residential hubs which have now moved northwards and to the suburbs.

[5] On the evening of 26 November 2008, Pakistan trained Lashkar-e-Taiba terrorists attacked the luxury hotels Trident and Oberoi, located in this area.

Its historical importance, prime location, and concentration of financial institutions, including banks, insurance companies, and consulting firms, contribute to Nariman Point’s standing as one of India’s premier business centers.