MUMBAI: The National Stock Exchange of India (NSE) has secured a prestigious land parcel in Mumbai’s Bandra-Kurla Complex (BKC) through a long-term lease of 80 years from the Mumbai Metropolitan Region Development Authority (MMRDA), amounting to Rs 1,684 crore.
This transaction encompasses the combined plots C-81 and C-82, situated in G Block of BKC, a prominent and costly commercial hub in India. The total area of the land parcel is approximately 2.7 acres, allowing a maximum permissible built-up area of 4.7 lakh sq ft.
In March 2025, RealtyDailyNews initially reported that the stock exchange intends to transform its iconic headquarters in BKC into a comprehensive data center while relocating its head office to this new property nearby.
The lease premium for these plots equates to around Rs 3.87 lakh per square meter, alongside a stamp duty of Rs 75.79 crore, as stated in documents sourced from Propstack, a realty data analytics platform.
The first plot, spanning nearly 1.36 acres, was initially acquired in March 2025 for Rs 757.90 crore. This lease premium was later revised to Rs 833.69 crore in October.
The second plot was assigned to the NSE in December with a lease premium of Rs 850.62 crore, bringing the total cost for both plots to Rs 1,684 crore.
The NSE confirmed receiving the allotment letter from MMRDA on December 02, 2025, stating that this development is anticipated to enhance Mumbai’s economic ecosystem and cater to the evolving requirements of the nation’s leading financial institution.
This acquisition represents one of the largest land transactions in BKC by a domestic entity in recent years, further solidifying the presence of financial institutions and capital market entities in this commercial district.
RealtyDailyNews’s inquiry to MMRDA did not receive a response.
BKC has become a favored location for banks, financial services firms, regulators, and multinational corporations, thanks to its strategic location and modern infrastructure.
Land prices in BKC have surged in recent years due to limited supply and sustained demand from large occupiers and institutional buyers. The area accommodates offices of significant domestic and global financial institutions, including banks, insurance firms, regulators, and consulates.
NSE’s current headquarters, known as Exchange Plaza, boasts a total built-up area of around 183,000 sq ft and stands as a hallmark in the city’s financial district. It serves as the core of India’s largest stock exchange, playing a vital role in its operations and market infrastructure.
As the largest stock exchange in India regarding trading volume and market capitalization, NSE also ranks among the largest derivatives exchanges globally.
NSE commenced operations in June 1994, starting with the wholesale debt market (WDM) segment, followed by the equities segment in November of the same year. It was the first exchange in India to introduce electronic trading.
MMRDA, the planning authority for BKC, has effectively monetized land parcels in the area through long-term leases, generating substantial revenues for infrastructure and urban development projects throughout the Mumbai Metropolitan Region.
This recent transaction further highlights the persistent demand for prime commercial land in Mumbai, despite high real estate prices and evolving workplace strategies among corporations.
