The Mumbai Metropolitan Region Development Authority (MMRDA) has given a major boost to Mumbai real estate by approving the allotment of a further 5,500 sq m plot to the National Stock Exchange of India (NSE) in Bandra-Kurla Complex (BKC), one of very few designated areas meant for finance in India's financial capital. This transaction is ₹757.9 crore in value; moreover, it further reinforces BKC's role as India's financial epicenter.
NSE Expands Its Footprint in BKC
The newly allotted land lies on Plot No. C-82 in the ‘G’ Block of BKC. With a Floor Space Index (FSI) of 4.0, the NSE will be allowed a built-up area of up to 22,000 sq m. The land has been leased for a duration of 80 years, and the premium amount reflects the increasing demand for prime commercial spaces in Mumbai real estate.
This expansion comes after a formal request made by the NSE on October 11, 2024, citing the need for additional operational space. The allotment was officially confirmed via an offer letter on March 7, 2025.
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Scope for Further Development
According to a government notification issued on July 19, 2024, the NSE may increase the built-up area beyond the currently permissible limit by paying an extra premium. This provision opens the door for even more development, aligning with the growing commercial real estate ambitions in Mumbai’s financial corridors.
Strategic Support for Mumbai’s Financial Ecosystem
The decision to allocate additional land to NSE was made under the leadership of Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde, who also serves as the Urban Development Minister and Chairperson of MMRDA. Metropolitan Commissioner Sanjay Mukherjee also played a key role in the allotment process.
Speaking about the development, CM Fadnavis emphasized the government’s commitment to nurturing India’s financial sector. He stated, “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.”
Strengthening Mumbai Real Estate and Financial Identity
The addition of this plot to the NSE’s portfolio not only enhances the operational capabilities of the stock exchange but also adds commercial value to the overall Mumbai real estate ecosystem. Over the years, BKC has emerged as a key financial and business destination, attracting multinational companies, consulates, and major financial institutions.
Eknath Shinde highlighted this vision, saying, “The allotment of Plot C-82 to NSE is part of MMRDA’s efforts to strengthen BKC as a key financial hub. This step will boost commercial growth, support NSE’s expansion, and contribute to Mumbai’s economic development.”
BKC: The Crown Jewel of Mumbai Real Estate
The Bandra-Kurla Complex has consistently been at the center of Mumbai’s real estate boom. From Grade-A office spaces to luxury residential developments, the region has transformed into one of the most sought-after localities in India. With projects like this allotment to the NSE, Mumbai real estate continues to evolve as a dynamic landscape of opportunity and growth.
BKC’s appeal is further reinforced by its connectivity, modern infrastructure, and government-backed development plans, making it a hotspot for both commercial and residential investors.
NSE’s Vision: From Trading Floors to Tech Hubs
Interestingly, media reports suggest that the NSE is also planning to convert its existing headquarters in BKC into a high-end data center. This move indicates a strategic shift toward technological expansion, which is in line with global trends in the financial services sector.
The new administrative building on Plot C-82 is expected to improve efficiency, house expanding departments, and support back-end operations essential to a modern financial institution.
Conclusion
The allocation of a ₹758 crore plot to the NSE marks another key milestone in the evolution of Mumbai real estate. It showcases the government’s proactive approach to urban planning, infrastructure development, and financial sector support. As BKC continues to grow as a financial nucleus, stakeholders in Mumbai’s property market can expect heightened interest, rising values, and a flourishing ecosystem for business and investment.
For investors, developers, and corporate players, this announcement signals not just expansion for NSE but also opportunities in Mumbai’s thriving commercial property segment.
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Ans 1. The Mumbai Metropolitan Region Development Authority (MMRDA) has allotted a 5,500 sq m plot to the National Stock Exchange (NSE) in Bandra-Kurla Complex (BKC).
Ans 2. The plot has been allotted for ₹757.9 crore, reflecting the premium nature of commercial real estate in Mumbai.
Ans 3. The FSI for the newly allotted NSE plot is 4.0, which allows for a built-up area of up to 22,000 sq m.
Ans 4. The lease for the plot is for a duration of 80 years.
Ans 5. Yes, as per a government notification dated July 19, 2024, NSE can increase the built-up area beyond 22,000 sq m by paying an additional premium.
Ans 6. The new plot is identified as Plot No. C-82 in the ‘G’ Block of the Bandra-Kurla Complex (BKC).
Ans 7. Chief Minister Devendra Fadnavis, Deputy Chief Minister and Urban Development Minister Eknath Shinde (also Chairperson of MMRDA), and Metropolitan Commissioner Sanjay Mukherjee played major roles.
Ans 8. BKC is one of Mumbai’s premier financial and business districts, housing multinational companies, consulates, and financial institutions. Its strategic location, infrastructure, and government backing make it highly valuable.
Ans 9. The expansion supports NSE's operational needs and future growth plans, and it also boosts Mumbai's identity as India’s financial capital, fostering economic and infrastructure development.
Ans 10. Yes, media reports suggest that NSE may convert its current headquarters into a high-end data center, aligning with its vision to integrate technology into financial services.