The lease includes two combined land parcels obtained from the Mumbai Metropolitan Region Development Authority (MMRDA), the specific planning authority for BKC.
According to the records, the allotment is for combined plots C-81 and C-82 in the G Block of BKC. The plots total 10,995 square metres, or nearly 1.1 lakh square feet, and have been leased to the NSE for 80 years.
The documents also show that the maximum allowable built-up space on the land lot is approximately 43,980 sq m, which is comparable to nearly 4.7 lakh square feet. The deal was performed at an estimated pricing of ₹3.87 lakh per sq m, which translates to around ₹36,000 per square foot.
Plot C-82, covering 5,500 sq m, was initially acquired in March 2025 for ₹757.90 crore. However, the lease price for the land was raised upward to ₹833.69 crore in October 2025. NSE received site C-81 in December 2025 for a lease premium of ₹850.62 crore, bringing the total transaction value to ₹1,684 crore.
The transaction was registered on May 5, 2026, with a stamp duty of ₹75.79 crore and registration fees of ₹30,000, according to the records.
“On December 2, 2025, the National Stock Exchange of India got an allotment letter from MMRDA. This initiative is intended to add to Mumbai’s economic ecology and satisfy the changing needs of the country’s primary financial institution.”
The ₹1,684 crore contract between NSE and MMRDA emphasizes BKC’s status as India’s leading financial hub. This large institutional investment demonstrates BKC’s unrivaled strategic value for global-scale financial operations.
Why did NSE acquire extra land in BKC?
While the NSE already has its headquarters in BKC, MMRDA stated in a 2025 statement that the exchange requested an additional plot in October 2024 to boost its operational capacity.
Earlier media reports suggested that the NSE intends to turn its existing headquarters in Mumbai’s Bandra-Kurla Complex into a massive data center.
After NSE, BSE is looking for land in BKC to expand, In March 2026, HT Real Estate reported that the Bombay Stock Exchange (BSE) had asked MMRDA to request land allotment in Bandra Kurla Complex (BKC) to expand its operating footprint in Mumbai.
Sundararaman Ramamurthy, the BSE’s Managing Director and CEO, and Kamala Kantharaj, the Chief Regulatory Officer, met with Sanjay Mukherjee, the Metropolitan Commissioner of MMRDA, in March 2026 to discuss locating a suitable land parcel for the projected expansion.
According to MMRDA officials, the body is in the process of locating a suitable area for BSE in BKC, but no decision has been made yet.
All about BKC and the leading corporations with a presence there.
BKC is the city’s core business district (CBD) and a major hub for BFSI firms and Fortune 500 corporations. It is one of India’s most expensive commercial areas, housing office premises like Jio, Apple, Netflix, Facebook, Amazon, Standard Chartered Bank, WeWork, CISCO, Pfizer, Tesla, Spotify, and Blackstone.
BKC also houses government agencies like the GST, the Reserve Bank of India, the Income Tax Department, and the Family Court. The US Consulate also has a vast facility within BKC.
