The National Stock Exchange (NSE) has secured over 1 lakh sq ft of prime land in Mumbai’s Bandra Kurla Complex (BKC) through an 80-year lease agreement valued at ₹1,684 crore, reinforcing the financial district’s position as India’s most sought-after commercial hub. The land parcels, acquired from the Mumbai Metropolitan Region Development Authority (MMRDA), are expected to support nearly 4.7 lakh sq ft of development potential in BKC’s G Block.

According to property registration documents accessed by Propstack, the allotment pertains to amalgamated plots C-81 and C-82 located in the G Block of BKC. Together, the plots measure 10,995 sq m, or approximately 1.1 lakh sq ft, and have been leased to the NSE for 80 years, says a report by The Hindustan Times.

The documents further show that the maximum permissible built-up area on the land parcel is around 43,980 sq m, equivalent to nearly 4.7 lakh sq ft. The transaction was executed at an estimated rate of ₹3.87 lakh per sq m, translating to around ₹36,000 per sq ft.

The acquisition of plot C-82, measuring 5,500 sq m, was initially completed in March 2025 for ₹757.90 crore. However, the lease premium for the plot was later revised upward to ₹833.69 crore in October 2025. Subsequently, plot C-81 was allotted to NSE in December 2025 at a lease premium of ₹850.62 crore, taking the total transaction value for both plots to ₹1,684 crore, according to Propstack.

However, the transaction was registered on May 5, 2026, for which a stamp duty of ₹75.79 crore was paid along with registration fees of ₹30,000, the documents show.

“This ₹1,684 crore deal between NSE and MMRDA highlights the continued premium placed on BKC as India’s premier financial hub. Such significant institutional investment underscores BKC’s unmatched strategic value for global-scale financial operations,” said Raja Seetharaman, cofounder, Propstack.