NPCI to Construct 16-Storey Global Headquarters in BKC After ₹829 Crore Land Purchase
The National Payments Corporation of India (NPCI) has made a significant move by acquiring a prime 1.5-acre site in Mumbai's Bandra-Kurla Complex (BKC) for ₹829.43 crore from MMRDA, with plans to build a 16-storey global headquarters.
Npci HeadquartersReal Estate MumbaiFinancial DistrictDigital PaymentsBandrakurla ComplexReal Estate MumbaiJul 07, 2025
The National Payments Corporation of India (NPCI) has acquired a prime land parcel in Mumbai’s business district, Bandra-Kurla Complex (BKC), from the Mumbai Metropolitan Region Development Authority (MMRDA) for ₹829.43 crore to set up its headquarters. The transaction, finalised on June 18, grants NPCI an 80-year lease for two amalgamated plots in G-Block of the business district. The total plot measures nearly 1.5 acres, with a permissible built-up area of around 2,59,000 sq ft.
The deal is among the key land transactions in BKC and is expected to influence the financial district’s real estate landscape, particularly in terms of future pricing trends and development strategies. NPCI, the umbrella organisation for retail payment systems in India, has paid the entire lease premium to MMRDA, as per documents accessed through real estate data analytics platform Propstack.
NPCI CEO Dilip Asbe recently said at an industry event that the organisation is setting up a research and development and experience centre in Mumbai, with a capacity of 5,000 people, as part of its global headquarters. He added that the move aligns with NPCI’s goal of accelerating innovation in digital payments and expanding its global collaborations, noting that more than 70 countries have visited the corporation’s office in the past four to five years.
According to a resolution of the NPCI’s board, the organisation plans to construct a 16-storey office on the site. The proposed building is expected to offer around 5,00,000 sq ft of built-up space and will include four to five levels of basement parking. This development will feature a sprawling 2,59,000 sq ft office space, set to reshape the dynamics of the financial district.
The Bandra-Kurla Complex (BKC) is a major financial district in Mumbai, known for its high-profile corporate offices and financial institutions. The acquisition by NPCI is a significant step towards enhancing the digital payments ecosystem in India and positioning BKC as a hub for financial innovation.
Frequently Asked Questions
What is the significance of NPCI acquiring land in BKC?
The acquisition by NPCI is significant as it marks a major land transaction in BKC and is expected to influence the real estate landscape, particularly in terms of future pricing trends and development strategies. It also aligns with NPCI’s goal of accelerating innovation in digital payments.
How much did NPCI pay for the land in BKC?
NPCI paid ₹829.43 crore for a 1.5-acre site in BKC from MMRDA, securing an 80-year lease for the land.
What are the plans for the new NPCI headquarters?
NPCI plans to construct a 16-storey office building with around 5,00,000 sq ft of built-up space, including four to five levels of basement parking. The headquarters will also house a research and development center and an experience center.
Who is Dilip Asbe and what is his role in NPCI?
Dilip Asbe is the CEO of NPCI. He has been instrumental in driving the organization's goals, including accelerating innovation in digital payments and expanding global collaborations.
What is the Bandra-Kurla Complex (BKC) and why is it important?
The Bandra-Kurla Complex (BKC) is a major financial district in Mumbai, known for its high-profile corporate offices and financial institutions. It is a key hub for financial and business activities in the city.
Related News Articles
Birla Estates' Arm Ekamaya Property Acquires 24.5 Acres of Land Near Mumbai for Rs 537 Crore
Birla Estates' subsidiary Ekamaya Property has purchased a large land parcel from Hindalco Industries, a fellow Aditya Birla group company, for Rs 537 crore.
Australian Shares Slump as Miners Counter Real Estate and Healthcare Gains
The S&P/ASX 200 index dropped 0.3% on Thursday, with mining stocks leading the decline due to falling iron ore prices and weaker global steel market outlook, despite gains in real estate and healthcare sectors.
Trump's Unconventional Diplomacy: A Risky Play in Global Politics
Donald Trump's son-in-law, Jared Kushner, has been deeply involved in shaping U.S. foreign policy, particularly in the Middle East, leading to significant global tensions.
South Mumbai Property Fraud: A Deep Dive into the Real Estate Scam
Four individuals, including the arrested Shikharchand Jain, face charges of cheating and forgery in a major real estate scam in South Mumbai.
Catholic Church Surpasses Waqf Board in Landholdings: A Real Estate Milestone
The Catholic Church in India has emerged as a major player in the real estate market, surpassing the Waqf Board in landholdings. The total estimated value of these properties is around Rs 20,000 crore, making the Church a significant force in the country's real estate landscape.
Godrej Properties Sees 7% Q4 Sales Bookings Boost to Rs 10,163 Crore
Godrej Properties, a leading real estate developer, reported a 7% increase in sales bookings to Rs 10,163 crore for the fourth quarter of the fiscal year 2024. With a total sales bookings of nearly Rs 30,000 crore, the company is on track to become the largest listed real estate company in 2024-25.