NSDL to acquire office space in BKC

13 Oct 2023 CW Team

National Securities Depository Limited (NSDL) has successfully secured a sprawling 68,000 square feet office space in Mumbai's prestigious Bandra-Kurla Complex (BKC) from IDFC First Bank, in a transaction amounting to approximately Rs 198 crore. This strategic acquisition marks a significant move for NSDL, as the property, situated within Naman Chambers, is poised to become the company's new headquarters. It is expected that NSDL will occupy this space by January-February 2024, following a four-month period of fit-out and preparations.

People familiar with the deal have confirmed the development, highlighting NSDL's intentions to consolidate and establish its presence in this prime location within BKC, a prominent commercial hub in Mumbai. The move aligns with NSDL's growth and expansion plans.

IDFC First Bank also commented on the decision, stating, "This property, located in Naman Chambers, will serve as NSDL's new headquarters, with a move-in date expected by January-February 2024 after a 4-month fit-out period." The bank is streamlining its operations in proximity to its corporate office situated at IDFC FIRST Bank Tower (The Square), C-61, G Block, BKC, Mumbai.

The office space transaction has been officially confirmed by NSDL, with contracts executed between NSDL and IDFC BANK. Colliers, the transaction advisor for this significant deal, refrained from providing further comments or details. This acquisition represents a strategic and significant step for NSDL as it solidifies its presence in Mumbai's bustling business landscape.

Real Estate

06 Feb 2026

IGBC Green Karnataka Summit 2026 Highlights State’s Green Leadership

The CII Indian Green Building Council (IGBC) hosted the first IGBC Green Karnataka Summit 2026 in Bengaluru, bringing together government leaders, urban planners, developers, architects and industry stakeholders to deliberate on “Advancing Sustainability vis-à-vis Climate Resilience in Urban Built Karnataka”.Karnataka currently has 1,539 registered green building projects accounting for a cumulative 1.13 billion sq ft of certified green building footprint, ranking third in India by number of buildings adopting IGBC Green Building Ratings. The summit reinforced a collective shift from inte..

MIC Electronics Bags First PAPIS Order from RCF Kapurthala

MIC Electronics has received a Letter of Acceptance (LoA) from Rail Coach Factory (RCF), Kapurthala, for its first order in the Passenger Announcement and Passenger Information System (PAPIS) segment, marking a new addition to the company’s railway electronics portfolio.The order was awarded following successful evaluation of the company’s bid by the competent authority. MIC Electronics said the scope of work will be executed in line with the agreed rate structure, delivery schedules, inspection requirements, warranty provisions and other standard terms and conditions prescribed by RCF.Com..

Prozo Opens 1.5 Lakh Sq Ft Multi-Client Fulfilment Hub

Prozo has launched its largest multi-client fulfilment hub, a 1.5 lakh sq ft enterprise-grade facility at Horizon Industrial Parks, Gurugram, Haryana, strengthening its expanding national warehousing network. The new site is Prozo’s sixth multi-client facility in Haryana and eleventh in Northern India, within a network of over 50 fulfilment centres spanning 3 million sq ft.Designed as a model warehouse for North India, the facility combines high-specification infrastructure with Prozo’s proprietary technology stack to support complex and high-volume operations for enterprise, retail and D2..