The National Stock Exchange (NSE) is set to significantly expand its footprint in Mumbai’s Bandra-Kurla Complex (BKC) following the approval of a major land allotment by the Mumbai Metropolitan Region Development Authority (MMRDA). The move is aimed at strengthening the exchange’s operational capabilities and reinforcing BKC’s position as India’s premier financial hub.

The MMRDA has approved the allotment of Plot C-82 in G Block of BKC to NSE for the development of a new administrative building. The plot spans approximately 5,500 square meters and has been leased for a period of 80 years at a premium of ₹757.90 crore. The location comes with a permissible Floor Space Index (FSI) of 4.00, allowing a built-up area of nearly 22,000 square meters.

NSE had submitted a request for additional space in October 2024, citing expansion needs due to the growth of its operations. The proposal was reviewed and approved under the leadership of Maharashtra Deputy Chief Minister and MMRDA Chairman Eknath Shinde. The official offer letter was subsequently issued to NSE on March 7, 2025.

“This decision reflects our commitment to developing BKC as a world-class financial district that supports institutions of national and international significance,” said Eknath Shinde. “By empowering key financial institutions like the NSE, we are also contributing to Mumbai’s overall economic progress.”

MMRDA Commissioner Dr. Sanjay Mukherjee added that the expansion of NSE will not only help the stock exchange scale its operations but also enhance the business environment of BKC by attracting more financial services and allied industries to the region.

NSE’s existing headquarters, the iconic Exchange Plaza, is also located in BKC. The original plot for this structure was allotted by MMRDA back in 1993, with special development relaxations to support the stock exchange’s early growth.

This new allotment reaffirms NSE’s long-term commitment to Mumbai and signals a strategic step forward in its infrastructural development. As the capital markets in India continue to grow, the expansion is seen as a timely and necessary move to accommodate increasing operational demands and evolving market needs.