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

NPCI to Construct 16-Storey Global Headquarters in BKC After ₹829 Crore Land Purchase
Real Estate Mumbai:In a significant move for the digital payments landscape, NPCI has acquired a prime 1.5-acre site in Mumbai's bustling BKC for ₹829.43 crore from MMRDA.

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

Crackdown on Illegal Hoardings: Maharashtra Housing Authority Takes Action
real estate news

Crackdown on Illegal Hoardings: Maharashtra Housing Authority Takes Action

MHADA finds 60 out of 62 hoardings in Mumbai lack approval, takes action following a tragic incident

June 15, 2024
Read Article
Qatar's Real Estate Market Poised for Steady Growth
Real Estate

Qatar's Real Estate Market Poised for Steady Growth

The sector is expected to reach $42.77Bn by 2028, driven by government initiatives and infrastructure development.

June 27, 2024
Read Article
Land Acquisition Begins for Borivali-Palghar Rail Lines
Real Estate Maharashtra

Land Acquisition Begins for Borivali-Palghar Rail Lines

The land acquisition process for the Borivali-Palghar rail lines has commenced, marking a significant milestone in the project. The Western Railway has initiated the process to acquire land for the construction of the 5th and 6th railway lines between Bor

August 23, 2024
Read Article
MahaRERA to Host Workshops for Seamless Transition to New Website
Real Estate

MahaRERA to Host Workshops for Seamless Transition to New Website

MahaRERA to conduct training sessions for real estate stakeholders to navigate new website and MahaCRITI system

August 26, 2024
Read Article
Empowering Young Lives: Building Bridges from Care to Career
Real Estate

Empowering Young Lives: Building Bridges from Care to Career

UNICEF India's Care Leavers initiative helps young adults without parental care transition to independent living and fulfilling careers.

September 2, 2024
Read Article
Surat CREDAI Protests Against Higher Jantri Rates, Cautions Real Estate Sector
Real Estate

Surat CREDAI Protests Against Higher Jantri Rates, Cautions Real Estate Sector

The Surat chapter of CREDAI (Confederation of Real Estate Developers' Associations of India) strongly opposes the proposed increase in jantri rates, highlighting the potential harm to the real estate sector.

December 7, 2024
Read Article