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), clearing the way for new office buildings for the three institutions. The allotment was completed on Wednesday in the presence of Maharashtra Chief Minister Devendra Fadnavis, according to a report by Loksatta – Mumbai.
The three institutions are expected to begin construction of their respective office buildings soon. The allotment follows requests made by ED, SEBI and NSE to MMRDA for land in BKC for their offices and headquarters. MMRDA considered the requests and decided to allot plots to the institutions, with the formal distribution now completed.
The reported allotment adds three major institutional offices to a district that is being developed as an international financial centre. BKC already houses offices of financial institutions, banks, multinational companies and public agencies. The institutions listed in the report include 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, Bharat Diamond Bourse, the American Consulate, the Income Tax Building and MMRDA offices.
The new offices will extend the concentration of financial, regulatory and government institutions in the complex. SEBI is India’s securities-market regulator, while NSE operates a national stock exchange and the ED is a central agency responsible for investigating money-laundering and foreign-exchange related offences. The supplied report does not provide the proposed built-up area, construction cost, project completion dates or individual plot sizes for the three buildings.
MMRDA has been developing BKC as a financial centre and is providing metro and other infrastructure to support the district’s expansion. The authority is also undertaking measures intended to address traffic congestion in and around the complex. The additional offices are therefore being planned within an area where demand for land is already described as high and where government institutions have sought space for headquarters and offices.
According to the report’s summary, the allotment generated revenue of ₹2,652 crore for MMRDA. The supplied material does not specify how the amount is distributed among the three plots or provide the terms of the allotment. It also does not state whether construction contracts have been awarded or identify the agencies responsible for executing the proposed buildings.
The immediate next step is the start of construction of the office buildings, although no specific commencement date or completion timeline has been announced in the supplied report. Further details on the plot areas, building plans and implementation schedule are expected from MMRDA and the three institutions.
