Mumbai Metropolitan Region Development Authority (MMRDA) has allotted two adjoining land parcels in Mumbai’s Bandra Kurla Complex (BKC) to the National Stock Exchange of India (NSE) on an 80-year lease for a total premium of nearly Rs 1,684 crore, according to transaction documents accessed by Propstack.
The plots, identified as C-81 and C-82 in BKC’s G Block, together measure around 2.7 acres and are expected to house NSE’s new headquarters. The move comes as the exchange continues expanding its operations and infrastructure requirements.
Documents show that plot C-82 was initially allotted to NSE in March 2025 for approximately Rs 758 crore. However, the lease premium was later revised to Rs 834 crore in October 2025. The adjoining plot, C-81, was subsequently allotted in December 2025 for nearly Rs 851 crore, taking the total value of the transaction to around Rs 1,684 crore.
“National Stock Exchange of India, on December 2, 2025, received the allotment letter from MMRDA. This development is expected to contribute to Mumbai’s economic ecosystem and support the evolving needs of the country’s key financial institution,” NSE said in a statement emailed to Moneycontrol.
NSE’s current headquarters in BKC, known as Exchange Plaza, is now being redeveloped into a captive data centre along with an event venue for listing ceremonies and other corporate functions. Several operational divisions of the exchange have already shifted to nearby properties, including the Inspire BKC development.
The requirement for a larger headquarters has reportedly grown in recent years due to the expansion of NSE’s equity and derivatives businesses, along with growth in clearing services, index operations, analytics, financial data platforms, and related market services.
The G Block parcels are among the limited vacant plots remaining in BKC, one of Mumbai’s most premium commercial districts. MMRDA has been actively monetising land assets in the area to generate funds for large-scale infrastructure projects across the Mumbai Metropolitan Region.
Last year, the authority reportedly raised over Rs 3,800 crore through long-term lease auctions of three BKC plots. Earlier in 2025, MMRDA also allotted land in BKC to the National Payments Corporation of India (NPCI) for its proposed headquarters project.
Source: Money Control
