Mumbai Metropolitan Region Development Authority (MMRDA) has allotted a premium commercial plot in Mumbai’s Bandra-Kurla Complex (BKC) to the National Stock Exchange of India (NSE) for Rs 757.70 crore.

The land, identified as Plot C-82 in G Block, spans 5,500 sq. mtrs. with a permissible built-up area of 22,000 sq. mtrs. and an FSI of 4.00. The lease has been granted for 80 years, and NSE plans to construct a new administrative building on the site. 

The new plot is expected to support NSE’s growing operational requirements and provide modern infrastructure to match the evolving dynamics of India’s financial markets, further anchoring BKC’s role as Mumbai’s central financial district.

Chief Minister of Maharashtra, Devendra Fadnavis, also weighed in on the development: “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.”