NPCI Buys Land in BKC for Rs 8.29 Billion HQ

10 Jul 2025 CW Team

The National Payments Corporation of India (NPCI) has acquired a 1.5-acre land parcel from the Mumbai Metropolitan Region Development Authority (MMRDA) in Mumbai’s Bandra-Kurla Complex (BKC) for Rs 8.29 billion to establish its new headquarters, according to property registration documents accessed by Propstack.

NPCI has signed an 80-year lease agreement with MMRDA for amalgamated plots C-44 and C-48 in G Block of BKC, India’s most premium commercial district. The lease permits construction of a maximum built-up area of 24,076.4 square metres (around 259,000 square feet). However, NPCI plans to build a 16-storey office tower with a total built-up area of approximately 500,000 square feet, which may require the purchase of additional Floor Space Index (FSI).

The office tower will also include four to five levels of basement parking. According to Propstack, NPCI submitted a formal request to MMRDA in August 2024 seeking land allotment within BKC.

As part of its global expansion strategy, NPCI also plans to establish a research and development centre within the same complex. Media reports earlier this year quoted NPCI CEO Dilip Asbe stating that the new R&D hub will accommodate around 5,000 personnel.

According to the Free Press Journal, the MMRDA granted administrative approval for the NPCI headquarters project in September 2024. The decision aligns with MMRDA’s broader vision of positioning the Mumbai Metropolitan Region as a global economic centre. The Authority has also approved the formation of a Project Implementation Unit and a Business Development Cell to oversee the execution of the regional economic master plan.

BKC is Mumbai’s central business district and a prominent hub for the banking, financial services, and insurance (BFSI) sector, hosting several Fortune 500 companies.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..