National Stock Exchange Acquires Two Plots in Bandra Kurla Complex for ₹1,684 Crore
NSE leases 2 BKC plots for ₹1,684 cr from MMRDA
Hindustan Times
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The National Stock Exchange (NSE) has secured two plots in Bandra Kurla Complex (BKC), Mumbai, from the Mumbai Metropolitan Region Development Authority (MMRDA) for ₹1,684.31 crore. This acquisition, aimed at expanding NSE's operations, comes amid rising demand for commercial space in the area.
- 01NSE acquired two plots in BKC for ₹1,684.31 crore.
- 02The lease transaction was priced at ₹3.87 lakh per square metre.
- 03NSE aims to expand its operations in Mumbai's financial district.
- 04MMRDA is leasing additional plots in BKC to boost revenue.
- 05BKC remains a prime location for banks and multinational corporations.
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The National Stock Exchange (NSE) has finalized a significant land deal in Bandra Kurla Complex (BKC), Mumbai, acquiring plots C-81 and C-82 from the Mumbai Metropolitan Region Development Authority (MMRDA) for ₹1,684.31 crore. The transaction, registered earlier this month, involves a total area of 10,995 square metres with a permissible built-up area of 43,980 square metres. The lease was priced at ₹3.87 lakh per square metre, approximately ₹36,000 per square foot, with NSE also paying ₹75.79 crore in stamp duty. This acquisition is part of NSE's strategy to expand its presence in BKC, which has become a hub for financial institutions. MMRDA is also looking to lease nine more plots in BKC, aiming to generate at least ₹9,284.88 crore from these assets, further solidifying BKC's status as a premier commercial district in India.
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The acquisition is set to enhance NSE's operational capacity, potentially leading to job creation and increased economic activity in the region.
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