55-409: The Bandra Kurla Complex is a Central business district in the city of Mumbai , India. It is a prominent upscale commercial hub which commands some of the highest property rates in the country. According to MMRDA , the complex is the first of a series of "growth centres" created to "arrest further concentration" of offices and commercial activities in eastern parts of Mumbai. It has aided to decongest
110-415: A bypass to areas like Kalanagar and Dharavi and the route is expected to reduce traffic congestion on the existing link roads. About 42 per cent of the land area of the plan is earmarked for commercial use and 14 per cent for housing. One of the important features of the area is preservation of large open spaces surrounding various public centers. This is expected to be the focal point of activities and
165-411: A major attraction of the area. A large utility complex is proposed to be developed. It will provide space for various public and commercial utilities, small offices for professionals, car parks, bus stands and taxi stands. Parking demand expected in the area is about 15,000. To provide for such parking requirement, two level basement parking is permitted for all buildings. Public parking is also proposed in
220-477: A new International Finance and Business Center is planned. The main objective of International Finance and Business Centre (IFBC) planning is to create new office locations. In order to ensure some life in the area even after offer office hours, a mix of activities has also been envisaged. The basic consideration of the IFBC plan is accessibility to the area. The considerations of accessibility and orientation have shaped
275-674: A newly built business district near the Potsdamer Platz . The city's historic center (home to the Reichstag building , as well as the Brandenburg Gate and most federal ministries) was largely abandoned when the Berlin Wall cut through the area. Only after the reunification with the redevelopment of Potsdamer Platz , and the construction of numerous shopping centers, government ministries, embassies, office buildings and entertainment venues,
330-486: A potential to accommodate 17,400 jobs. An Urban Plaza and Park named 'CITY PARK' has been developed on an area of about 22,500 square metres in this block. In recent years, BKC overtook South Mumbai to become the third most-prominent business district in Maharashtra , after Mumbai's Nariman Point and Cuffe Parade . However, a lack of public transportation options in the area (including rail, metro, etc.), in addition to
385-579: A single urban area. The CBD will often be highly accessible and have a large variety and concentration of specialised goods and services compared to other parts of the city. Midtown Manhattan is the largest central business district in New York City and in the United States. In Chicago , the Chicago Loop is the second-largest central business district in the United States. It is also referred to as
440-523: A whole. Singapore's CBD is the historic heart of the city-state, which makes it a mix of a tourist attraction and a business center. The CBD includes several multinational corporate headquarters, Singapore Management University , and historical buildings and museums. As of 2016, the Singaporean government intends to redevelop Jurong East into a second CBD in Singapore. The area has also been earmarked as
495-617: Is Government Hill , the site of the old government headquarters. As the Hong Kong SAR Government Headquarters moved to Tamar, Admiralty, the nearby area is also considered part of the CBD. In Quarry Bay , Taikoo Place and areas nearby, including Admiralty , Wan Chai and Causeway Bay , and Tsim Sha Tsui , Kwun Tong , and Kowloon Bay are regarded as major business districts of Hong Kong. India 's capital New Delhi has been known for its CBD at Connaught Place . For
550-571: Is a cricket ground. The ground normally hosts charity matches and some local matches. It is also home to the Mumbai Cricket Association . In 2009, India under-19s also practiced with Mike Young , an Australian fielding coach for the 2010 World Cup in New Zealand. The ground has also hosted women's ODI and T20I matches including two matches of World Cup 2013 . Central business district A central business district ( CBD )
605-901: Is a concentration of business in Botafogo harbor and in Barra da Tijuca , a newer Rio de Janeiro suburb located in city's west region. The largest CBD in Colombia is Bogotá 's Centro Internacional , where some of the tallest buildings in South America have been repurposed as national headquarters for Scotiabank Colpatria , Davivienda , and Bancolombia , among others. Over the years, Bogotá has developed minor business districts, which include Avenida Chile , Ciudad Salitre , with companies like Avianca , Rappi , Johnson & Johnson , Terpel , Hilton , Hyatt , Marriott , Sheraton , Ramada , City Express , Aloft and Novotel ; or Complejo Santa Bárbara ,
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#1732855149352660-559: Is a railway terminus in Bandra , Maharashtra from where trains bound for northern India and western India are scheduled regularly. It was built in the 1990s to decongest the main Mumbai Central station. It is one of the five railway terminus within Greater Mumbai . The other four terminals are – Chhatrapati Shivaji Terminus , Mumbai Central , Lokmanya Tilak Terminus and Dadar . It
715-530: Is also one of the most important business districts of Pakistan. Gulberg, Lahore has a large number of important office buildings as well as many high-rises and shopping malls. Pakistan established its first central business district, Lahore Central Business District, also known as Central Business District Punjab (CBD Punjab) by an ACT of Parliament (LCBDDA Act, 2021) in February 2021. Jinnah Avenue in Islamabad
770-589: Is in an advanced stage of completion. Most of the infrastructure services work including water supply, sewerage, telephone, gas, storm water, and electricity is completed. CNG and Petrol Pump outlet are operational. Mahim Nature Park is development in ‘H’ block of the complex. Currently MMRDA has invited bids for allotment of 5 commercial plots, 3 residential plots and 2 plots for hotel purpose. Mumbai Metro lines 2 and 3 will be in this area, which would be also integrated with Mumbai–Ahmedabad high-speed rail corridor 's Mumbai Terminal. Bandra Kurla Complex Ground
825-433: Is the commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district . Geographically, it often coincides with the " city centre " or " downtown ". However, these concepts are not necessarily synonymous: many cities have a central business district located away from its traditional city center, and there may be multiple CBDs within
880-660: Is the first of its kind in Indonesia, and one of the largest commercial center developments in the city. Jakarta started developing its business district in the early 1960s before hosting the Asian Games in 1962 . Surabaya in East Java built its first central business district in the Darmo region. The construction was expected to be completed by 2018 with 150 SOHO units and 500 residences. In Italy , business districts do not coincide with
935-466: Is the main business district of the city. Blue Area is the central business district of Islamabad . D Ground is the central business district of Faisalabad and Saddar is the main central business district of Rawalpindi . In Peru , the central business district is San Isidro , in Lima , which hosts the majority of Peru's financial industry headquarters. Although still a largely residential district,
990-951: The CBD (Central Business District) in South Mumbai while seeding new areas of planned commercial real estate in the metropolitan region. BKC houses a number of commercial buildings including Jammu & Kashmir Bank , National Business Centre, National Stock Exchange , SEBI , SIDBI , ONGC , Punjab National Bank , Twitter India , NABARD Head Office, Nita Mukesh Ambani Cultural Centre , ICICI Bank , Citibank , Dena Bank , Bank of Baroda , State Bank of India , Bank of India , Kotak Mahindra Bank , Bharat Diamond Bourse , Unit Trust of India , Dhirubhai Ambani International School , IL&FS , Amazon.com , Spotify , Asian Heart Institute , Dow Chemicals , American School of Bombay, Institute of Chartered Accountants of India , Fortune 2000, Jio World Centre, Jio World Drive and Jio World Garden. It also hosts
1045-647: The COEX mall, are major thoroughfares in Seoul. The tallest buildings in Gangnam include Tower Palace One , a residential complex, Trade Tower , Gangnam Finance Center, and Parnas Tower. Seoul's third business district is Yeouido , an island located in central Seoul in the Yeongdeungpo District . Yeouido was developed in the 1970s; since the 1990s, however, it has become Seoul's financial center. Smaller in geographic size that
1100-773: The 555-metre tall Lotte World Tower , Guro Digital Complex, Gasan Digital Complex, the Magok Business District, the Sangam Digital Media City, the Munjeong Administrative Town, and Mapo Avenue. The area near Yongsan Station , including the proposed Yongsan International Business District , is considered an emerging major commercial district that will exist in synergy with nearby Yeouido . Bandra Terminus Bandra Terminus (station code: BDTS ) also known as Vandre Terminus (in Marathi )
1155-758: The BKC. It covers 370 hectares of once low-lying land on either side of the Mithi river , Vakola Nalla and Mahim Creek. The area had poor surface drainage and was severely affected by pollution in the Mahim Creek. One of the important features of the channelisation of Mithi river and Vakola nalla was to improve water carrying capacity and reduce pollution. Mithi River for about 4.5 km of its length from Mahim Causeway to C.S.T. Road Bridge and its tributary Vakola Nalla, for 2.5 km of its length, have been channelised for an average 60 m and 40 m bed widths respectively, thereby improving
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#17328551493521210-566: The CBD. An example is Parramatta , which is considered the financial hub of Western Sydney . São Paulo is a multipolar city, with several business districts. Avenida Faria Lima and the neighboring districts, Itaim Bibi and Vila Olímpia , now concentrate a large part of the financial activities in São Paulo and Brazil . Avenida Paulista and nearby streets is a well-established financial center that has several banking offices and corporate headquarters, as well as hospitals. Its Historic Center
1265-551: The IFBC. And also there is link road to connect Eastern express highway. In 2019, the west side of BKC in the inside area started operation of a new flyover. It is called Chunabhatti-BKC flyover or just simply BKC Connector as it connects with the Eastern Express Highway . The bridge provides proximal access to Sewri-Chembur Road and vehicles can climb on the Eastern Freeway from Daya Shankar Chowk turning right from
1320-754: The MMRDA grounds include Akon , 50 Cent , Beyoncé , Guns N' Roses , INXS , Iron Maiden , Michael Learns to Rock , Pitbull , Roger Waters , Bryan Adams , Scorpions , Mark Knopfler and Shakira . BKC hosted Vodafone Speed Fest, an F1 Street Race featuring Lewis Hamilton on 16 September 2012. The Global Citizen Festival was hosted at the MMRDA Grounds on 19 November 2016, headlined by Coldplay and Demi Lovato . The lineup also included Aamir Khan , Jay-Z and A.R. Rahman , among others. A number of offices and residential buildings and three schools have been constructed and occupied. Construction of other buildings
1375-818: The Philippines. In Poland , the terms śródmieście or centrum are often used to describe the central business district. The largest central business district in Russia is the Moscow International Business Center (MIBC) in Moscow , a commercial development located just east of the Third Ring Road at the western edge of the Presnensky District in the Central Administrative Okrug of
1430-560: The central business district. These terms can be literally translated as " inner city " and "city center". Some of the larger cities have more than one central business district. For example, Berlin alone has three. Due to Berlin's history of division during the Cold War , the city contains central business districts both in West ( Kurfürstendamm ) and in East Berlin ( Alexanderplatz ), as well as
1485-588: The city's CBD. In South Korea , the national capital of Seoul includes three central business districts. The Downtown Seoul , a historic area inside the Fortress Wall of Seoul in the Jongno and Jung districts has historically been the city's political, social and cultural heart, and still houses many corporate headquarters and political institutions in South Korea. It is also the most popular area for tourists and
1540-463: The city's history. Cities with strong preservation laws and maximum building height restrictions to retain the character of the historic and cultural core may have a CBD quite a distance from the city centre (and in some cases, outside the city limits itself). This distinction is quite common in European cities such as Paris , Moscow , Vienna , Prague and Budapest . The New World grew quickly after
1595-644: The city's main commercial district. While the district has a high density of high rise buildings, the tallest building, the SK Building, only reaches a height of 160m due to historic preservation regulations. The second main district, located in the southeast part of Seoul, is Gangnam District , an area that was developed in the 1980s and is now among the city's most affluent neighborhoods. The Gangnam District has concentration mainly in economic power of Seoul, as many of prominent company HQs are located on Teheran Avenue . Gangnam Avenue and Yeondong Avenue, which includes
1650-690: The city. As of 2021, it is still under development. The construction of the MIBC takes place on the Presnenskaya Embankment of the Moskva River , approximately 4 kilometers (2.5 mi) west of Red Square , overlooked by the Third Ring Road. The project occupies an area of 60 hectares. The second-largest central business district is Yekaterinburg-City in Yekaterinburg , the fourth-largest city in
1705-515: The commercial and business activity located in or in the vicinity of the area. It has a permanent population of around 63,000 inhabitants and, during weekday business hours, a floating population that exceeds 700,000 daily commuters from other districts in Lima , the national capital. San Isidro is served by three stations of El Metropolitano , Lima's bus rapid transit system: Estación Javier Prado , Estación Canaval y Moreyra (with over 16,000 daily passengers) and Estación Aramburú . In
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1760-483: The core of the city's downtown. Mexico City also has its own historic city center , the colonial era "Centro Histórico", along with two CBDs: the mid-late 20th century Paseo de la Reforma in Polanco , and the new Santa Fe , respectively. Russia 's largest central business district is the Moscow International Business Center in Moscow . The shape and type of a central business district almost always closely reflect
1815-637: The country. It is located on the Iset River , and is under development as of 2021. The area occupies five hectares. Saudi Arabia has several business districts, including: In Singapore , the CBD is in the Downtown Core , one of the constituent planning areas of the Central Area , the country's city center . Its densest point is centered around Raffles Place , where most of Singapore's skyscrapers are located. The CBD sometimes also describes Central Area as
1870-404: The early 21st century, the southeastern district of Surco experienced a significant increase in upscale corporate developments in the area comprised by avenues Manuel Holguín, El Derby, El Polo, and La Encalada due to lower restrictions to grant construction permit and proximity to residential middle and upper class districts and is set to become, after traditional San Isidro and Miraflores ,
1925-507: The emergence of modern transport, therefore a single centre often included many of the region's tallest buildings and served as both a commercial and cultural city centre. In the 21st century, increasing urbanisation has led to the development of megacities that often have multiple CBDs scattered across the urban area. Downtown sections of cities, especially in North America , often are distinct from CBDs and city centres. No two CBDs have
1980-673: The extended area of Gomti Nagar , and Aminabad in old Lucknow. Kolkata also has central business districts, including B.B.D. Bagh , Park Circus , Esplanade , Salt Lake Sector V , and New Town . The largest CBD in Indonesia is the Golden Triangle ( Segitiga Emas in Indonesian ) in Jakarta . Sudirman Central Business District , a super block that is located within the Golden Triangle,
2035-591: The financial capital of the country, the famous CBD is The Bandra Kurla Complex in Mumbai . In Mumbai itself there is Nariman Point , which is another CBD including Andheri and Parel . Parry's Corner and Nungambakkam are among the main CBDs of Chennai . Bangalore has five notable business districts: UB City , Brigade Gateway, Koramangala , Indiranagar , and Electronic City . Lucknow has three business districts, including Hazratganj Market , Gomti Nagar Extension at
2090-586: The first Apple Store in India called the "Apple BKC". It also is home to the Mumbai Cricket Association 's cricket ground, the Consulate General of the United States, Mumbai and the British Deputy High Commission, Rustomjee Seasons, Hubtown Sunstone, Ten BKC, Kalpataru Magnus, Kalpataru Sparkle, Rustomjee Oriana. There are more than 400,000 (4 lakh) people working in various offices throughout
2145-405: The form of multi-storied and underground garages. In order to provide space in terms of open grounds for arranging various exhibitions, events etc., open plots have been made available on rent. These open plots collectively known as 'MMRDA Grounds' host most of the city's Trade Exhibitions, Music Concerts, Award Nights and Religious and Political Rallies. International Artists that have performed at
2200-563: The fourth in the world. La Défense hosts 19 of the world's biggest 500 companies , whilst the Paris region as a whole hosts 29 of the world's 500 largest companies, establishing itself as the first city in Europe (and the third worldwide) for the number of companies classified in Fortune Fortune Global 500 . In Germany , the terms Innenstadt and Stadtzentrum may be used to describe
2255-562: The geographical centers of the city because the city center is the historical center of the city, and usually not very suitable to function as a modern business district. A precursor to modern business districts is EUR in Rome , which is now home to several national and international companies and public bodies. The EUR, the Napoli business district , the Milan business district , and City Life , are among
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2310-487: The hydraulic features of these two important water courses in the BKC area. The commercial development in BKC includes private and government offices (state and central), banks, wholesale establishments, etc. and will provide ultimately about 2,000,000 jobs in the area. The MMRDA has so far developed 19 hectares of marshy land in the 'E' Block where a number of office buildings have been constructed. These buildings together provide an office space of 174,000 square metres with
2365-558: The last of which features the only W Hotel in the city. Colombia's other notable CBDs include Parque Berrío in Medellín , Bocagrande in Cartagena (the largest touristic CBD in the country), and Paseo de Bolívar in Barranquilla . La Défense , west of Paris , is France 's largest central business district. La Défense was in 2017 ranked as the leading CBD in continental Europe, and
2420-490: The link road or get to BKC just north from Sion all the way therefore more most business people working in the area or living in the area and commuting to South Bombay for work getting faster journeys and less travel time. The road is allowed and cars and few bus routes sometimes provide service on the overpass and trucks, 2 and 3 wheelers are restricted on this road. The bridge passes over Mithi River and over Mumbai Suburban Railway's Central and Harbour line tracks and it acts as
2475-527: The master planning of Bonifacio Global City. Ortigas Center (fourth), with an area of more than 100 hectares (250 acres), is the Philippines' second most important business district after the Makati CBD and is home to Asian Development Bank. Meanwhile, the Makati Central Business District (third), also known as the Makati CBD, is the leading financial and the largest central business district in
2530-568: The most important commercial areas in Italy. Other important business and financial centers are present in Genoa and Brescia . In Pakistan, a central business district or a large, concentrated urban setting within a settlement is called a shehar . Karachi is Pakistan's largest city and the country's economic hub; the I. I. Chundrigar Road acts as Karachi's main financial district. Shahra-e-Faisal in Karachi
2585-473: The new financial center of Lima . The Philippines has three major central business districts, which are all located in Metro Manila. Bonifacio Global City (second) is the newest and one of the largest central business districts in the Philippines. The Bases Conversion and Development Authority (BCDA), Ayala Land, Inc. and Evergreen Holdings, Inc. controls Fort Bonifacio Development Corporation, which oversees
2640-510: The other two business districts, Yeouido has some of Seoul's tallest skyscrapers, including Parc1 Tower , International Finance Center Seoul , and the 63 Building . Yeouido is where the National Assembly of South Korea and many media companies and political institutions are based. Smaller but notable central business districts in South Korea include the Jamsil area, which is the location of
2695-516: The overall master plan of IFBC. It is a part of the 'G' Block of Bandra Kurla Complex, which is located between Bandra and Kurla, both of which are major railway stations and have railway terminals ( Bandra Terminus and Lokmanya Tilak Terminus , respectively) in their vicinity on the Western and Central lines respectively, of the Mumbai Suburban Railway . In addition to the suburban railway,
2750-441: The same spatial shape, but there are certain common geometric patterns, which are largely a result of centralised commercial and industrial activities. In Australia , the term CBD is widely used officially and colloquially, in the sense of city centre. The two biggest cities, Melbourne and Sydney , have large CBDs. Sydney features growing micro central business districts, which serve as the hub for their respective areas outside
2805-450: The site of the rail terminus for the Kuala Lumpur–Singapore High Speed Rail . South Africa 's largest cities, Cape Town , Durban , Johannesburg , Pretoria , and Port Elizabeth , have CBDs that include the corporate headquarters for many of South Africa's largest companies, its convention centers , and many of the country's tallest buildings. Cape Town has one of South Africa's most iconic skyline (which includes Table Mountain ) and
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#17328551493522860-411: The soft marshland on which BKC is based, have challenged the further development of the area, such as the construction of skyscrapers and high-rises. Despite this, it is expected by 2030 that BKC and Parel will be more prominent commercial hubs than Nariman Point and Cuffe Parade. Besides the development in 'E' Block, the focus of development of activities has also moved to the adjoining 'G' Block where
2915-443: The upcoming Line II of Phase 1 of the Mumbai Metro project will pass through the IFBC and will have 4 stations near and within BKC (i.e., MMRDA, Income Tax Office, Bharat Nagar and Complex Road), other than Bandra (Metro) and Kurla (Metro) stations. Other than the above rail links, BKC can also be accessed through the Western Express Highway , a major expressway in Mumbai, via the Kalanagar Junction and BKC Road, which passes through
2970-514: Was the area revived. In Frankfurt am Main 's city center, there is a business district called the " Bankenviertel ". In Düsseldorf , there is a business district which is located around the famous high street Königsallee with banks, shops and offices. Traditionally, the Central Business District "CBD" of Hong Kong is Central , where many multinational financial services corporations have their headquarters. Consulates general and consulates of many countries are also located in this area, as
3025-441: Was the city's first business center; There, the São Paulo Stock Exchange is located. The region comprising Avenidas Berrini, Doutor Chucri Zaidan, and Nações Unidas, the city's newest commercial district, has offices of multinational companies and also commercial services. In Rio de Janeiro , Brazil's second-largest city, the main business district still is in downtown, where Petrobrás and Vale headquarters are located, but there
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