The National Stock Exchange of India (NSE) has secured a prime land parcel in Mumbai’s Bandra-Kurla Complex (BKC) through an 80-year long-term lease from the Mumbai Metropolitan Region Development Authority (MMRDA), amounting to a total lease premium of Rs 1,684 crore.
This transaction encompasses the amalgamated plots C-81 and C-82 situated in G Block of BKC, recognized as one of the most expensive commercial business districts in the country. The total area of the combined land parcel is approximately 2.7 acres, with a maximum allowable built-up area of 4.7 lakh square feet.
The lease premium for these land parcels equates to roughly Rs 3.87 lakh per square meter. Additionally, the transaction incurred a stamp duty of Rs 75.79 crore, as indicated by documents obtained through Propstack, a real estate data analytics platform. Of the two plots, the first plot, covering nearly 1.36 acres, was acquired in March 2025 for Rs 757.90 crore.
However, the lease premium for this plot was later adjusted upward to Rs 833.69 crore in October. The second plot was allocated to the exchange in December at a lease premium of Rs 850.62 crore, bringing the total consideration for both plots to Rs 1,684 crore. “NSE received the allotment letter from MMRDA on December 02, 2025.
This development is anticipated to enhance Mumbai’s economic ecosystem and cater to the evolving requirements of the country’s principal financial institution,” the stock exchange stated in response to inquiry. This latest acquisition represents one of the largest land transactions in the business district by a domestic entity in recent years and further solidifies the presence of financial institutions and capital market entities within the commercial hub.
BKC has become the favored destination for banks, financial services companies, regulators, and multinational corporations owing to its strategic positioning and contemporary infrastructure. Land values in BKC have experienced significant increases in recent years due to limited availability and ongoing demand from large tenants and institutional investors. The area is home to the offices of prominent domestic and international financial entities, including banks, insurance firms, regulatory bodies, and consulates.
NSE’s present headquarters, referred to as Exchange Plaza, boasts a total built-up area of approximately 183,000 square feet and stands as a landmark within the city’s financial district. It functions as the central hub of India’s largest stock exchange and has been instrumental in its operations and market infrastructure. In addition to being the largest stock exchange in India by trading volume and market capitalization, NSE ranks among the largest derivatives exchanges globally.
NSE commenced its operations in June 1994, initially launching the wholesale debt market (WDM) segment, followed by the equities segment in November of the same year. It was the first exchange in India to implement electronic trading. MMRDA, the planning authority for BKC, has capitalized on land parcels in the region through long-term lease agreements, generating substantial revenue for infrastructure and urban development initiatives throughout the Mumbai Metropolitan Region.
The most recent transaction further emphasizes the persistent demand for prestigious commercial land parcels in Mumbai, despite high real estate prices and changing workplace strategies among corporations.
