NPCI Secures Rs 829 Crore BKC Plot for Global HQ, Paving Way for Mumbai’s Fintech Future

The National Payments Corporation of India (NPCI) acquired the coveted 1.5-acre land parcel in posh Mumbai's Bandra Kurla Complex (BKC) from the Mumbai Metropolitan Region Development Authority (MMRDA) for ₹829.43 crore. The record transaction, an 80-year lease, will see NPCI construct a futuristic 16-story global headquarters, consolidating its operations and driving the next wave of digital payment innovation.

 

Key Highlights:

 

Land Acquisition:
NPCI acquired a 6,019.10 sqm (approximately 1.5-acre) BKC G-Block plot, combining Plots C-44 & C-48, at Mumbai Tech Week 2025. The deal was sealed at MMRDA's 158th Authority Meeting, chaired by Deputy Chief Minister Eknath Shinde, with formal takeover during the presence of Chief Minister Devendra Fadnavis.

 

Strategic Vision:
The new headquarters will be a fintech, artificial intelligence, and cyber security innovation hub, cementing Mumbai's status as a global financial and digital payment hub.

 

Industry Impact:
NPCI's creation is likely to draw fintech start-ups, foreign investors, and technology firms to the country, promoting job creation and fast-tracking India's financial technology revolution.

 

Leadership Endorsements:

No Tender Process:
The project was entrusted to NPCI directly to bypass the regular tender process for complete realization of Mumbai's vision as a global fintech hub.

 

This is a milestone moment in India's digital payments journey and further solidifies Mumbai as a global fintech hub. 

 

Source: The Economic Times, Elets BFSI, The Indian Express, Mid-Day.