In a major boost to Mumbai’s financial infrastructure, the Mumbai Metropolitan Region Development Authority (MMRDA) has allotted a prime plot in Bandra-Kurla Complex (BKC) to the National Stock Exchange of India (NSE) for the development of its new administrative headquarters. Valued at ₹757.90 crore, the plot allocation reinforces BKC’s stature as India’s top-tier financial and commercial hub.
The decision to allot Plot No. C-82 in BKC’s G-Block was granted post facto approval during the 159th meeting of the MMRDA Authority. The move came in response to NSE’s request dated October 11, 2024, seeking additional land to expand its operations and accommodate a built-up area of approximately 4 to 5 lakh square feet.
Plot Details:
- Plot Number: C-82
- Plot Area: 5,500 sq. meters
- Permissible FSI: 4.00
- Permissible Height: 69.52 meters (as per CAA NOC dated 18/09/2018)
- Built-Up Area: 22,000 sq. meters
- Lease Period: 80 years
- Usage: Commercial (New Administrative Building for NSE)
- Lease Premium: ₹757.90 crore
This is NSE’s second land allotment in BKC, following the 1993 allocation of Plot C-1 (16,038.3 sq. mt.) where its current headquarters, Exchange Plaza, is located. At the time, MMRDA had relaxed certain provisions of its Land Disposal Regulations to facilitate NSE’s presence in the newly developing commercial zone.
As per a government notification issued on July 19, 2024, NSE will also have the option to acquire additional built-up area beyond the prescribed FSI limit by paying the requisite premium to MMRDA.
Following the Commissioner’s recommendation, the allotment was formally approved by the Hon’ble Deputy Chief Minister and Urban Development Minister, Shri Eknath Shinde, who also serves as Chairman of MMRDA. The offer letter was issued to NSE on March 7, 2025.
Leaders Speak:
Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra, said:
“This decision reflects Maharashtra’s commitment to fostering financial growth and infrastructure development. By enabling NSE to expand its footprint in Bandra-Kurla Complex, we are reinforcing Mumbai’s position as the financial capital of India and ensuring a conducive business environment for key institutions.”
Eknath Shinde, Hon’ble Deputy CM & Chairman, MMRDA, stated:
“The allotment of Plot C-82 to NSE is part of MMRDA’s efforts to strengthen BKC as a key financial hub. This step will boost commercial growth, support NSE’s expansion, and contribute to Mumbai’s economic development.”
Dr. Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, added:
“MMRDA is focused on developing Mumbai’s commercial infrastructure. The allotment of Plot C-82 to NSE will support the exchange’s expansion and strengthen BKC as a top business district.”
The upcoming administrative facility will enhance NSE’s operational scale, provide modern infrastructure, and accommodate its growing workforce. With this move, the exchange deepens its roots in Mumbai’s commercial landscape, while the state government underlines its long-term vision to transform BKC into a global financial powerhouse.
Also Read: Mumbai Metropolitan Region Development Authority (MMRDA)
