NPCI Acquires Prime Plot in Mumbai’s BKC for New 16-Storey Corporate Headquarters
The National Payments Corporation of India (NPCI) has secured a prime commercial plot in Mumbai's Bandra-Kurla Complex (BKC) for Rs 829.43 crore to build a new 16-storey corporate headquarters.
NpciBkcReal EstateCorporate HeadquartersFintechReal Estate NewsJul 08, 2025
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). NPCI plans to develop nearly 5 lakh sq. ft. of built-up space on this 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 realize 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.
This development is not only a significant step for NPCI but also a boost for the real estate and economic landscape of Mumbai. BKC, known for its modern infrastructure and proximity to key financial institutions, is becoming an increasingly attractive location for corporate entities looking to establish a strong presence in the region.
The acquisition and development of this plot by NPCI reflect the growing importance of digital payments and fintech in India’s economic landscape. It also underscores the government’s commitment to fostering innovation and technological advancement in the financial sector. The new headquarters will likely serve as a hub for innovation, collaboration, and growth in the fintech industry, contributing to the overall development of Mumbai as a financial and technological powerhouse.
Frequently Asked Questions
What is the cost of the plot acquired by NPCI in BKC?
NPCI has acquired the plot for Rs 829.43 crore.
What is the size of the plot acquired by NPCI?
The plot spans 6,019.1 square metres.
What is the maximum permissible built-up area for the plot?
The maximum permissible built-up area is 24,076.4 sq. m (approximately 2.59 lakh sq. ft).
How many storeys will the new NPCI headquarters have?
The proposed building will be 16 storeys high.
What is the purpose of this acquisition by NPCI?
The purpose is to build a new corporate headquarters to strengthen NPCI's institutional capacity and presence in Mumbai's financial hub.
Related News Articles
MahaRERA's New Guidelines: Enhanced Protection for Homebuyers in Maharashtra
From July 1, developers in Maharashtra will be required to maintain designated bank accounts to ensure transparency and accountability in financial operations of housing projects.
India's Office Space Goes Green: 65% of Offices Now Certified
The Indian government's push for net zero emissions by 2070 is driving the adoption of green certified offices in the country, with a significant 65% of office space now holding green certifications.
Pune Police Crack Down on Firearm Licence Holders, Issue Notices to 150 Individuals
The Pune police have issued notices to 150 firearm licence holders seeking explanations for violations of terms and conditions, after cancelling the licence of a probationary IAS officer's mother.
Vistry Group Faces Uncertain Market Conditions in UK Real Estate
Vistry Group, a prominent player in the UK real estate market, has issued three profit warnings since last October. Despite these challenges, the company remains cautious and has reaffirmed its forecast for 2024 adjusted pre-tax profit at around £250 mill
Discover the Ultimate Township Living at Pride World City in Charholi
Pune, a city known for its vibrant culture and rapid urban development, is witnessing a significant shift in the real estate market. Township living is emerging as the new standard for urban excellence, and Pride World City in Charholi is leading the way.
Macrotech Developers Acquires 10 Land Parcels in FY25 for Housing Projects
Mumbai-based real estate giant Macrotech Developers, known for its Lodha brand properties, has acquired 10 land parcels in FY25 to develop significant housing projects.