The National Payments Corporation of India (NPCI) has acquired a 1.5-acre land parcel from the Mumbai Metropolitan Region Development Authority (MMRDA) for Rs 829.43 crore to establish its new headquarters in Bandra-Kurla Complex (BKC) in Mumbai.

Property registration documents accessed by Propstack reveal that the 6,000 sq. mtrs. site comprises amalgamated plots C-44 and C-48 in G Block. NPCI has signed an 80-year lease agreement with MMRDA and plans to develop a 16-storey office building on the site, with a total built-up area of approximately 5 lakh sq ft. The plan includes four to five levels of basement parking.

However, the permissible built-up area currently stands at 24,076.4 sq. mtrs. (approx. 2.59 lakh sq. ft.), implying that NPCI may need to acquire additional Floor Space Index (FSI) to achieve its targeted development. The headquarters is also expected to host a large research and development (R&D) centre as part of NPCI’s global expansion strategy. NPCI CEO Dilip Asbe earlier stated that the facility would accommodate around 5,000 personnel. NPCI  had first requested land allocation in BKC from MMRDA in August 2024.