SEBI Plans BKC Expansion Amid Rising Workforce Needs

The Securities and Exchange Board of India (SEBI), the country’s capital markets regulator, is actively exploring options to acquire additional office space in Mumbai’s upscale business district, Bandra-Kurla Complex (BKC), to accommodate its steadily expanding workforce, sources told NDTV Profit.

According to individuals familiar with the development, SEBI adds around 100 employees every two years. This consistent growth has heightened the demand for expanded office infrastructure. In response, the regulator is looking to secure more space within BKC — widely recognised as the financial heartbeat of Mumbai.

This potential expansion coincides with similar moves by other major institutions located in the area. The National Stock Exchange (NSE), India’s largest stock exchange, has recently begun transforming its landmark headquarters into a state-of-the-art data centre. As part of this transition, NSE has shifted part of its operations to a new office building within BKC.

Previously, it was reported that the Mumbai Metropolitan Region Development Authority (MMRDA) allotted the NSE a prime land parcel measuring over an acre in the commercial zone’s G Block. The land, provided on a long-term lease of over 80 years, will house the exchange’s forthcoming head office.

Originally conceived to ease congestion in South Mumbai, BKC was developed by the MMRDA, which was designated as the Special Planning Authority for the zone in 1977. The master plan received formal approval from the Maharashtra government in 1979. Today, BKC spans 370 hectares and offers premium commercial real estate for financial services, information technology, and allied industries.

SEBI’s proposed expansion, alongside NSE’s ongoing relocation, underscores the enduring significance of BKC as the nerve centre of India’s financial landscape.

An email sent to SEBI seeking comment remained unanswered at the time of publication. Any response received will be duly updated.

Source: NDTV

Leave a Reply

Your email address will not be published. Required fields are marked *