NSE Secures ₹1,684 Crore Lease for Prime Land in Mumbai's BKC
NSE inks agreement with MMRDA to lease over 1 lakh sq ft of prime land in Mumbai’s BKC for ₹1,684 crore
Hindustan Times
Image: Hindustan Times
The National Stock Exchange (NSE) has leased over 1 lakh sq ft of land in Bandra Kurla Complex (BKC), Mumbai, for ₹1,684 crore over 80 years. This expansion aims to enhance its operational capacity and support the financial institution's growing needs.
- 01NSE leases 1 lakh sq ft in BKC for ₹1,684 crore.
- 02The lease is for 80 years, covering two plots from MMRDA.
- 03The maximum built-up area allowed is approximately 4.7 lakh sq ft.
- 04BSE is also seeking land in BKC for its expansion.
- 05BKC is a major hub for the BFSI sector and Fortune 500 companies.
Advertisement
In-Article Ad
The National Stock Exchange (NSE) has finalized a lease for over 1 lakh sq ft of prime land in the Bandra Kurla Complex (BKC), Mumbai, at a total cost of ₹1,684 crore for 80 years. The lease involves two plots, C-81 and C-82, acquired from the Mumbai Metropolitan Region Development Authority (MMRDA), which oversees planning in the area. The plots, measuring 10,995 sq m (approximately 1.1 lakh sq ft), will allow for a maximum built-up area of around 43,980 sq m (nearly 4.7 lakh sq ft). The transaction was executed at a rate of approximately ₹3.87 lakh per sq m. This strategic move is aimed at expanding NSE's operational capacity, as the exchange plans to convert its existing headquarters into a large data center. Following NSE's lead, the Bombay Stock Exchange (BSE) is also exploring options for land in BKC to enhance its operations. BKC is recognized as a central business district in Mumbai, hosting numerous Fortune 500 companies and key financial institutions.
Advertisement
In-Article Ad
This lease will enhance NSE's capacity to operate, potentially leading to job creation and increased economic activity in Mumbai.
Advertisement
In-Article Ad
Reader Poll
Do you think expanding financial institutions in BKC will benefit Mumbai's economy?
Connecting to poll...
More about National Stock Exchange of India
National Stock Exchange Announces ₹35 Dividend Amid Strong Q4FY26 Results
Business Standard • May 6, 2026

National Stock Exchange of India Aims for IPO Filing by June 15, Targets 2026 Listing
Business Standard • May 5, 2026
NSE Reports 8% Growth in Q4 Net Profit, Declares Rs 35 Dividend
The Economic Times • May 5, 2026
Read the original article
Visit the source for the complete story.

