Mumbai: The National Stock Exchange of India (NSE) has picked up a prime land parcel in Mumbai’s Bandra-Kurla Complex (BKC) through a long-term lease of 80 years from the Mumbai Metropolitan Region Development Authority (MMRDA) for a total lease premium of Rs 1,684 crore.
The transaction involves amalgamated plots C-81 and C-82 located in G Block of BKC, one of the country’s most expensive commercial business districts. The combined land parcel measures around 2.7 acres, with a maximum permissible built-up area of 4.7 lakh sq ft.
ET was first to report in March 2025 that the stock exchange is planning to convert its iconic headquarters in BKC into a large captive data center and shift its head office to a new property on a new land parcel in the vicinity.
The lease premium for these land parcels translates to around Rs 3.87 lakh per square metre. The transaction also attracted stamp duty of Rs 75.79 crore, showed the documents accessed through Propstack, a realty data analytics platform.
Of these plots, the first plot spread across nearly 1.36 acres, was acquired in March 2025 for Rs 757.90 crore. However, the lease premium for the plot was subsequently revised upward to Rs 833.69 crore in October.
The second plot was allotted to the exchange in December at a lease premium of Rs 850.62 crore, taking the cumulative consideration for the two plots to Rs 1,684 crore.
“NSE received the allotment letter from MMRDA on December 02, 2025. This development is expected to contribute to Mumbai’s economic ecosystem and support the evolving needs of the country’s key financial institution,” the stock exchange said in response to ET’s query.
The latest acquisition marks one of the largest land transactions in the business district by a domestic entity in recent years and further strengthens the presence of financial institutions and capital market entities in the commercial hub.
ET’s email query to MMRDA remained unanswered.
BKC has emerged as the preferred location for banks, financial services firms, regulators and multinational corporations due to its strategic location and modern infrastructure.
Land prices in BKC have witnessed sharp appreciation over the past few years amid limited supply and sustained demand from large occupiers and institutional buyers. The district houses offices of major domestic and global financial institutions, including banks, insurance companies, regulators and consulates.
NSE’s current headquarters, known as Exchange Plaza, encompasses a total built-up area of around 183,000 sq ft and is a landmark in the city’s financial district. It serves as the nerve center of India’s largest stock exchange and has played a pivotal role in its operations and market infrastructure.
In addition to being India's largest stock exchange in terms of trading volume and market capitalization, NSE is also one of the world's largest derivatives exchanges.
NSE began operations in June 1994, launching with the wholesale debt market (WDM) segment, followed by the equities segment in November the same year. It was the first exchange in India to introduce electronic trading.
MMRDA, the planning authority for BKC, has monetised land parcels in the area through long-term lease arrangements, generating significant revenues for infrastructure and urban development projects across the Mumbai Metropolitan Region.
The latest transaction further underlines continued demand for marquee commercial land parcels in Mumbai despite elevated real estate costs and evolving workplace strategies among corporates.
The transaction involves amalgamated plots C-81 and C-82 located in G Block of BKC, one of the country’s most expensive commercial business districts. The combined land parcel measures around 2.7 acres, with a maximum permissible built-up area of 4.7 lakh sq ft.
ET was first to report in March 2025 that the stock exchange is planning to convert its iconic headquarters in BKC into a large captive data center and shift its head office to a new property on a new land parcel in the vicinity.
The lease premium for these land parcels translates to around Rs 3.87 lakh per square metre. The transaction also attracted stamp duty of Rs 75.79 crore, showed the documents accessed through Propstack, a realty data analytics platform.
Of these plots, the first plot spread across nearly 1.36 acres, was acquired in March 2025 for Rs 757.90 crore. However, the lease premium for the plot was subsequently revised upward to Rs 833.69 crore in October.
The second plot was allotted to the exchange in December at a lease premium of Rs 850.62 crore, taking the cumulative consideration for the two plots to Rs 1,684 crore.
“NSE received the allotment letter from MMRDA on December 02, 2025. This development is expected to contribute to Mumbai’s economic ecosystem and support the evolving needs of the country’s key financial institution,” the stock exchange said in response to ET’s query.
The latest acquisition marks one of the largest land transactions in the business district by a domestic entity in recent years and further strengthens the presence of financial institutions and capital market entities in the commercial hub.
ET’s email query to MMRDA remained unanswered.
BKC has emerged as the preferred location for banks, financial services firms, regulators and multinational corporations due to its strategic location and modern infrastructure.
Land prices in BKC have witnessed sharp appreciation over the past few years amid limited supply and sustained demand from large occupiers and institutional buyers. The district houses offices of major domestic and global financial institutions, including banks, insurance companies, regulators and consulates.
NSE’s current headquarters, known as Exchange Plaza, encompasses a total built-up area of around 183,000 sq ft and is a landmark in the city’s financial district. It serves as the nerve center of India’s largest stock exchange and has played a pivotal role in its operations and market infrastructure.
In addition to being India's largest stock exchange in terms of trading volume and market capitalization, NSE is also one of the world's largest derivatives exchanges.
NSE began operations in June 1994, launching with the wholesale debt market (WDM) segment, followed by the equities segment in November the same year. It was the first exchange in India to introduce electronic trading.
MMRDA, the planning authority for BKC, has monetised land parcels in the area through long-term lease arrangements, generating significant revenues for infrastructure and urban development projects across the Mumbai Metropolitan Region.
The latest transaction further underlines continued demand for marquee commercial land parcels in Mumbai despite elevated real estate costs and evolving workplace strategies among corporates.
