Originally, Mumbai was nothing but seven swampy islands in the Arabian Sea. But when the Portuguese came to India in 1534, they saw potential in these islands and captured them. Soon, this place became was established as trading centre. It gradually became one of the moat important trading centres of the country where rice, tobacco, muslin, cotton, silk etc. were traded.
The first major business centre established was the Ballard Estate during the late 18th and early 19th century. …show more content…
Also, companies prefer this area because of the safety. Most buildings in the area are more than 30 years old. On the other hand, of the 29 buildings in Mumbai that have received any kind of Leadership in Energy and Environmental Design ratings, an urban design standard, BKC has seven, all of them with either gold or platinum ratings, which means these buildings score highly in energy efficiency, water efficiency and have better indoor environmental quality. The final reason is that Nariman Point remains relatively expensive. What makes the BKC special among the consulates are its excellent infrastructure facilities and well-regulated traffic around the area, which makes travel less cumbersome. Located strategically closer to international and domestic airports and Eastern and Western Highways. BKC has become a main attraction because of its ample green cover, hygienic surroundings and open …show more content…
Since then, there has been a constant shift of top banks and financial institutions from south Mumbai. National Stock Exchange, IL&FS, Unit Trust of India, SEBI, Citibank, Nabard are among the more prominent companies which have set up their base of operations here. The Reserve Bank of India too has set up a complex there and has moved some of its divisions there. The latest to inaugurate its state-of-the-art headquarters here is Bank of Baroda. Bank of India will be moving here soon.
From useless marshland a few years ago to the most sought-after residential and commercial hub in Mumbai, BKC has come a long way. It can be seen as a perfect example of a successfully ‘reclaimed urban land’ in the history of Indian real estate. Over the years, BKC has acquired importance to most prominent companies of Mumbai as the place became an ideal central business district with ultra modern office complexes, mixed use buildings and