In a significant move to support the expansion of India’s leading stock exchange, the Mumbai Metropolitan Region Development Authority (MMRDA) has allotted a fresh 5,500 sq m plot to the National Stock Exchange (NSE) in Mumbai’s Bandra-Kurla Complex (BKC) for ₹757.9 crore.

The newly allocated land, identified as Plot C-82 in the G Block of BKC, will be leased to NSE for 80 years. It has a permissible Floor Space Index (FSI) of 4.00, allowing a built-up area of 22,000 sq m. According to MMRDA’s official statement released on April 6, this space will house a new administrative building for the exchange.

NSE formally requested the additional land on October 11, 2024, to accommodate its growing operational needs. As per a state government notification issued in July 2024, the exchange can increase the built-up area further by paying an extra premium.

Officials say the move is a strategic step to accommodate NSE’s expansion while further solidifying BKC’s status as Mumbai’s financial nerve centre. “The allotment of Plot C-82 to NSE is part of MMRDA’s efforts to strengthen BKC as a key financial hub,” said Deputy CM and Urban Development Minister Eknath Shinde. “This step will boost commercial growth, support NSE’s expansion, and contribute to Mumbai’s economic development.”

Chief Minister Devendra Fadnavis echoed this sentiment, noting the government’s commitment to strengthening Mumbai’s financial infrastructure. “By enabling NSE to expand its footprint in Bandra-Kurla Complex, we are reinforcing Mumbai’s position as the financial capital of India and ensuring a conducive business environment for key institutions,” he said.

This development builds on NSE’s long-standing presence in BKC. In 1993, MMRDA granted NSE its original headquarters at Plot No. C-1, Exchange Plaza, also located in G Block. With the latest land deal, the exchange is poised to increase operational efficiency and shift key functions. Reports suggest the existing NSE headquarters may soon be repurposed into a significant data centre.

The formal offer letter for this new allotment was issued to NSE on March 7, 2025. With BKC continuing to attract financial institutions and multinational firms, this expansion reflects the NSE’s growing stature and Mumbai’s evolving commercial real estate dynamics.

This move not only underlines Maharashtra’s drive for financial growth but also cements BKC’s place as a vital destination for institutional development in India’s financial landscape.