The National Payments Corporation of India (NPCI) has acquired a 1.5-acre land parcel in the Bandra-Kurla Complex (BKC) in Mumbai from the Mumbai Metropolitan Region Development Authority (MMRDA) for Rs 829.43 crore. The site will be used to develop a 16-storey office building to house NPCI's new headquarters and a large R&D center.
NpciMmrdaBandrakurla ComplexMumbaiHeadquartersReal Estate MumbaiJul 07, 2025
NPCI, or the National Payments Corporation of India, is a non-profit organization that operates retail payments and settlement systems in India. It is responsible for initiatives like UPI, RuPay, and others, aimed at promoting digital payments.
NPCI acquired land in the Bandra-Kurla Complex (BKC) to establish its new headquarters and a large R&D center. This strategic move is part of NPCI's global expansion strategy and aims to enhance its operational efficiency and innovation capabilities.
NPCI paid Rs 829.43 crore for the 1.5-acre land parcel in BKC.
The new headquarters will be a 16-storey office building with a total built-up area of approximately 5 lakh sq ft. It will include four to five levels of basement parking and a large R&D center.
NPCI first requested land allocation in BKC from MMRDA in August 2024.
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