The Metropolitan Region Development Authority (MMRDA) has granted approval for leasing out Plot No. C-82 in the ‘G’ Block of Bandra-Kurla Complex (BKC) to the National Stock Exchange of India (NSE).The land allocation resolution was approved during its 159th Meeting of the MMRDA Authority held recently.

In response to NSE’s request dated October 11, 2024, for an additional plot with a built-up area potential of approximately 4 to 5 lakh square feet, MMRDA considered the significance of the financial institution. Previously, in 1993, MMRDA had allotted Plot No. C-1 in ‘G’ Block (16,038.3 sq. mt. with a built-up area of 31,044.05 sq. mt.) for NSE’s headquarters, Exchange Plaza, by relaxing certain provisions of MMRDA's Land Disposal Regulations, 1977.

The Newly Allotted Plot C-82 is 5,500 sq. mt. with a Permissible FSI of 4 and Built-Up Area: 22,000 sq. mt. The Lease Period is for 80 years. The land will be used for the New Administrative Building for NSE (Commercial) for which the Lease Premium valued by MMRDA is of Rs 757.90 Crore. 

The allotted plot has the potential to accommodate additional built-up area beyond the 4.00 FSI limit. As per the Government of Maharashtra’s notification of July 19, 2024, NSE may avail of additional built-up area by paying the requisite premium to MMRDA. Deputy Chief Minister, Urban Development Minister, and Chairman of MMRDA Eknath Shinde approved the proposal for the allotment of Plot No. C-82, subject to post facto approval from the Authority. Following this approval, MMRDA issued an official offer letter to NSE on March 7, 2025.Dr. Sanjay Mukherjee, Commissioner, MMRDA, said,"MMRDA is focused on developing Mumbai’s commercial infrastructure. The allotment of Plot C-82 to NSE will support the exchange’s expansion and strengthen BKC as a top business district."