Mumbai | September 10, 2026
The Mumbai Metropolitan Region Development Authority (MMRDA) has allotted plots in the Bandra-Kurla Complex (BKC) to the Enforcement Directorate (ED), the Securities and Exchange Board of India (SEBI) and the National Stock Exchange of India (NSE), according to a report by Loksatta. The allotment was completed on Wednesday in the presence of Maharashtra Chief Minister Devendra Fadnavis and is expected to be followed by construction of office buildings for the three institutions.
The land allotment is part of MMRDA’s continuing development of BKC as an international financial centre. The authority has been developing the complex as a concentration of financial, corporate, government and institutional offices, supported by metro connectivity and other infrastructure. Measures to address traffic congestion in and around the business district are also being undertaken, the report said.
The three institutions had sought space in BKC for headquarters or offices. MMRDA considered their requests and decided to allot plots to them. The report did not specify the individual plot sizes, the locations of the parcels within BKC, the planned built-up area or the construction schedules for the proposed offices.
The allotment is expected to add three significant financial and regulatory institutions to a district that already houses offices of the NSE, the National Bank for Agriculture and Rural Development, the Reserve Bank of India, ICICI Bank, State Bank of India, Google India, Reliance, the Tata Group and the Bharat Diamond Bourse. The complex also includes the Consulate General of the United States, the Income Tax Department’s office and MMRDA offices, according to Loksatta.
BKC plots have attracted strong demand from government institutions and private organisations seeking a presence in Mumbai’s main business district. The concentration of offices has made the availability and allocation of land in the complex an important part of its development. MMRDA’s latest decision adds the offices of a market regulator, a financial market operator and a central investigative agency to the district’s institutional profile.
According to the report, the allotments generated revenue of ₹2,652 crore for MMRDA. The source did not provide a separate valuation or allotment amount for each institution, nor did it state whether the amount includes development charges or other associated payments.
The proposed buildings will be subject to the next stages of planning, approvals and construction. MMRDA’s ongoing work in BKC includes the provision of metro and other infrastructure, while traffic-management measures are being pursued as the district continues to attract offices and institutional activity. The authority and the three organisations have not, in the supplied report, announced specific completion dates for the new buildings.
