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South Mumbai (Marathi:दक्षिण मुंबई), the southern-most precinct of the city of Mumbai, India, comprises the city's main business localities and its adjoining areas. It is the richest urban precinct in India, and houses most of the city's elite. Geographically, South Mumbai lies at the southern corner of Salsette Island. Although the constituency of South Mumbai extends from Bombay Central to Colaba, most city residents use the term to refer to the stretch extending from Colaba to Mahim, which is also known as Mumbai City or 'Island City. The area is delimited on the east by Mumbai harbour and on the west by the Arabian Sea.The areas from Bandra and beyond form a part of Suburban Mumbai. South Mumbai is home to the Reserve Bank of India and the Bombay Stock Exchange. Its primary business districts are the Fort, Nariman Point, Ballard Estate and more recently Lower Parel (Upper Worli). Probably all the consulates, museums and old theatres are located in South Mumbai. Many leading Indian and multi-national companies are headquartered here. A few of the city's prestigious schools and colleges are also located here. Victoria Terminus(VT) and Churchgate serve as headquarters and starting point for country's Central and Western Railway lines respectively. In South Mumbai, all utility services and civic amenities necessary for smooth commercial trade - such as an uninterrupted supply of power - are available around the clock. A partiular feature that distinguishes South Mumbai ( or Island City) from the rest of Mumbai is the absene of autorickshaws. Only Yellow-top taxis are permitted to ply in South Mumbai. It houses a significant proportion of prime upmarket residential neighborhoods of Mumbai including: Peddar Road, Nepean Sea Road, Breach Candy and Walkeshwar Road forming a sort of golden quadrilateral and also includes some of the richest boulevards in the world*, more prominently the Hanging Gardens, the tony Altamont Road & the plush Carmichael Road. Many distinctive sporting clubs have been an integral part of South Mumbai landscape like the Wellington Golf Club, the Turf Club at racecourse, the Bombay Gymkhana, the N.S.C.I, the W.I.A.A Club and the much acclaimed CCI and BCA. Although land reclamation has allowed the southern-most tip of the district to double in size since the 1970s, the business districts face an acute shortfall of real estate. As a result, the real estate prices are among the top ten world-wide. In 1995 for instance, short-lease rates in Nariman Point were pegged at 22,608 sq/m² (2,100 US$/ft²) per year. In 2006 the rates stands at approximately 4,300 US$/sq ft. In 2008, a legendary Bollywood actor cum MP paid a record US$3,000/sq.ft. for a condominium at Hanging Gardens. As a ratio to average per capita income, real estate prices in the business districts remain the most expensive in the world. South Mumbai is also the home to several of the city's sporting grounds, including Brabourne Stadium, Wankhede Stadium, Cooperage, Azad Maidan and Oval Maidan. External LinksSee also
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