NSE inks agreement with MMRDA to lease over 1 lakh sq ft of prime land in Mumbai’s BKC for ₹1,684 crore

The National Stock Exchange (NSE) has leased over 1 lakh sq ft of prime land in Mumbai’s costliest commercial district, Bandra Kurla Complex (BKC), for 80 years at a total consideration of ₹1,684 crore. The lease involves two amalgamated land parcels acquired from the Mumbai Metropolitan Region Development Authority (MMRDA), the special planning authority for BKC, according to property registration documents accessed by Propstack. According to the documents, the allotment pertains to amalgamated plots C-81 and C-82 located in the G Block of BKC. Together, the plots measure 10,995 sq m, or approximately 1.1 lakh sq ft, and have been leased to the NSE for 80 years. The documents further show that the maximum permissible built-up area on the land parcel is around 43,980 sq m, equivalent to nearly 4.7 lakh sq ft. The transaction was executed at an estimated rate of ₹3.87 lakh per sq m, translating to around ₹36,000 per sq ft. The acquisition of plot C-82, measuring 5,500 sq m, was initially completed in March 2025 for ₹757.90 crore. However, the lease premium for the plot was later revised upward to ₹833.69 crore in October 2025. Subsequently, plot C-81 was allotted to NSE in December 2025 at a lease premium of ₹850.62 crore, taking the total transaction value for both plots to ₹1,684 crore, according to Propstack. However, the transaction was registered on May 5, 2026, for which a stamp duty of ₹75.79 crore was paid along with registration fees of ₹30,000, the documents show. Also Read: Mumbai real estate: MMRDA allocates additional plot to NSE in BKC for ₹758 crore “National Stock Exchange of India on December 02, 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 an email response to HT Real Estate. Earlier media reports had also stated that NSE plans to convert its existing headquarters in Mumbai’s Bandra-Kurla Complex into a large data centre. BSE Managing Director and CEO Sundararaman Ramamurthy, along with Chief Regulatory Officer Kamala Kantharaj, met Sanjay Mukherjee, the Metropolitan Commissioner of MMRDA, in March 2026 to discuss identifying a suitable land parcel for the proposed expansion. According to MMRDA officials, the authority is in the process of identifying a suitable plot for BSE in BKC, and no decision has been taken so far. Also Read: BSE approaches MMRDA for land in Mumbai’s BKC to expand operations BKC also houses government institutions such as the GST, the Reserve Bank of India, the Income Tax Department, and the Family Court. The US Consulate also has a sprawling campus inside BKC.