Mumbai Real Estate News: NPCI Acquires ₹829.43 Crore Plot In BKC For New 16-Storey Headquarters

Mumbai: The National Payments Corporation of India (NPCI) has acquired a prime commercial plot in Mumbai’s Bandra-Kurla Complex (BKC) from the Mumbai Metropolitan Region Development Authority (MMRDA) for Rs 829.43 crore, paving the way for a new corporate headquarters in the city’s financial hub.

As per official documents, the lease agreement was executed on June 18, 2025, for a period of 80 years. The allotted land — amalgamated Plot No. C-44 and C-48 in G Block — spans 6,019.1 square metres, with a maximum permissible built-up area of 24,076.4 sq. m (approximately 2.59 lakh sq. ft).

The organisation plans to develop nearly 5 lakh sq. ft. of built-up space on the plot. The proposed 16-storey building will include four to five levels of basement parking. This indicates that NPCI may need to acquire additional Floor Space Index (FSI) rights to realise its full development potential.

The MMRDA had announced the plot allotment to NPCI in September 2024 for the construction of a new administrative office. The strategic move supports the central government’s push to promote fintech and digital innovation in Mumbai, with BKC emerging as a growing hub for finance and technology.

NPCI is a key pillar of India’s digital payments ecosystem, operating infrastructure for major platforms such as UPI and RuPay. The upcoming headquarters at BKC is expected to further strengthen its institutional capacity and presence in the financial capital.