The National Payments Corporation of India (NPCI) has secured a major office space in Mumbai’s Oberoi Commerz III, Goregaon East, at a monthly rent of ₹2.15 crore. The lease agreement, registered in November 2024, marks a significant expansion for NPCI, with operations set to commence on February 25, 2025.

Spanning two floors—the 27th and 28th—NPCI’s new office covers a chargeable area of 115,332 sq ft and a carpet area of 80,732 sq ft. The lease is structured at ₹187 per sq ft per month, amounting to ₹25.9 crore annually. The agreement, signed for a 60-month tenure, includes a nine-month security deposit and a 15% rental escalation clause after three years, a common feature in long-term commercial leases.

Oberoi Commerz III, a state-of-the-art commercial tower, has become a sought-after destination for corporate offices due to its strategic location and premium facilities. Its proximity to Mumbai’s key business districts makes it an attractive hub for leading enterprises.

This move aligns with NPCI’s ongoing expansion to strengthen India’s digital payments infrastructure. As the backbone of the country’s UPI ecosystem, NPCI continues to scale operations to support the rapid adoption of digital transactions nationwide. As India’s fintech sector evolves, the new office will enhance operational efficiency and accommodate future growth.

With this lease, NPCI reinforces its position at the forefront of digital transformation, ensuring its capacity to manage and innovate in India’s fast-growing financial technology landscape.