Express Towers, an iconic 25-story skyscraper located in Mumbai’s prestigious Nariman Point, stands as a testament to the city’s architectural and commercial evolution. Completed in 1972, this 105-meter (344 feet) building was the tallest in South Asia for approximately two years. Designed by the renowned American architect Joseph Allen Stein, Express Towers seamlessly blends modernist design with functional elegance.
Historical Significance and Ownership
Commissioned by Ramnath Goenka, founder of Indian Express Limited, Express Towers was envisioned as a premier commercial hub. In 2014, the building underwent a significant ownership change when the Blackstone Group, in partnership with Pune-based Panchshil Realty, acquired it for approximately ₹900 crore (US$144 million). This acquisition underscored the building’s enduring value in Mumbai’s real estate landscape.
Architectural Design and Features
Express Towers is celebrated for its modernist architectural style, characterized by clean lines and functional design. The building offers panoramic views of Marine Drive, the Arabian Sea, the coastal road, and South Mumbai. It is LEED Platinum certified, reflecting its commitment to environmental sustainability. The property encompasses a leasable area of 0.5 million square feet and maintains a 100% occupancy rate, housing approximately 30 occupiers.
Facilities and Amenities
Express Towers offers a range of facilities to meet the needs of its occupants:
- Parking: Basement parking accommodating a substantial number of vehicles.
- Banking Services: On-site ATM and bank branch for convenient financial transactions.
- Power Backup: Uninterrupted power supply ensuring business continuity.
- Private Garden Area: A serene space for relaxation amidst the bustling city.
- Dining Options: On-site restaurant offering a variety of culinary choices.
Additionally, the building is equipped with advanced security systems, high-speed elevators, and centralized air conditioning to ensure a comfortable and secure working environment.
Location and Accessibility
Strategically situated at Ramnath Goenka Marg, Nariman Point, Mumbai, Maharashtra 400021, Express Towers boasts excellent connectivity:
- Proximity to Transportation: A five-minute walk from Vidhan Bhawan metro station and approximately 22 kilometers from Chhatrapati Shivaji Maharaj International Airport.
- Nearby Landmarks: Close to key government centers, including the Legislative Assembly and the High Court, as well as luxury hotels and premium shopping arcades.
Google Maps Location
Office Space Options
Express Towers caters to diverse business requirements with flexible office solutions:
- Private Offices: Fully equipped, customizable private spaces starting from ₹37,500 per desk per month.
- Coworking Spaces: Access to shared workspaces with options like All Access Plus memberships starting from ₹15,000 per month.
- On-Demand Services: Day passes and meeting rooms available for short-term needs, providing flexibility for businesses and individuals.
Pros and Cons
Feedback from tenants and visitors highlights several advantages and some considerations:
Pros:
- Prime Location: Situated in Mumbai’s central business district with stunning sea views and proximity to key landmarks.
- Modern Amenities: Offers a range of facilities including dining options, wellness rooms, and advanced security systems.
- Flexible Workspace Solutions: Accommodates various business needs with options ranging from private offices to coworking spaces.
Cons:
- High Demand: Due to its prime location and amenities, securing space can be competitive.
- Parking Limitations: While basement parking is available, slots are limited and may operate on a first-come, first-served basis.
In conclusion, Express Towers remains a prestigious address in Mumbai’s commercial real estate market. Its blend of historical significance, modern amenities, and strategic location makes it an attractive choice for businesses seeking a distinguished presence in the city.
