NSE to expand in Mumbai’s BKC; allotted additional plot for Rs 758 crore
The allotment to the National Stock Exchange is part of efforts to strengthen Bandra-Kurla Complex as a key financial hub, said Maharashtra Deputy CM and MMRDA Chairman Eknath Shinde.
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NSE to expand its headquarters with a new building in Mumbai's Bandra-Kurla Complex. (File Photo)With the allotment of an additional land parcel by the Mumbai Metropolitan Region Development Authority (MMRDA), the National Stock Exchange (NSE) is set to expand its presence in Mumbai’s Bandra-Kurla Complex (BKC).
In a statement issued on Sunday, the MMRDA said it granted post-facto approval to allocate Plot C-82 in G Block to NSE for the development of a new administrative building. The lease is valid for 80 years, and the lease premium has been set at Rs 757.90 crore. The move was in response to a request by the NSE in October 2024 for additional space of approximately 4 to 5 lakh square feet to accommodate its growing operations.
The offer letter to NSE was issued on March 7, following approval from Maharashtra Deputy Chief Minister and MMRDA Chairman Eknath Shinde. “The allotment of Plot C-82 to NSE is part of MMRDA’s efforts to strengthen BKC as a key financial hub,” Shinde said, adding that the move will contribute to Mumbai’s economic growth.
The newly allotted plot measures 5,500 sq m and comes with a permissible Floor Space Index (FSI) of 4.00 and a potential built-up area of 22,000 sq m. As per government regulations, NSE can avail of additional FSI by paying a premium.
MMRDA Commissioner Dr Sanjay Mukherjee said the allocation would enhance the exchange’s operational capacity and further boost BKC’s commercial ecosystem. With this expansion, NSE is expected to reinforce its position as a leading institution within one of India’s top business districts.
The exchange’s existing headquarters, Exchange Plaza, is also located in BKC, on a plot originally allotted by MMRDA in 1993 with special regulatory relaxations.
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