The Bombay Stock Exchange (BSE) has approached the Mumbai Metropolitan Region Development Authority (MMRDA) for allotment of land in Bandra Kurla Complex to expand its operational footprint in Mumbai, according to statement by MMRDA on Saturday, 7 March.
BSE Managing Director and Chief Executive Officer Sundararaman Ramamurthy, along with Chief Regulatory Officer Kamala Kantharaj, met MMRDA Metropolitan Commissioner Sanjay Mukherjee to discuss the identification of a suitable land parcel for the proposed expansion, the MMRDA said in the statement.
The development comes after the recent expansion of the National Stock Exchange in BKC, a move that the MMRDA said further reinforces the business district’s position as “India’s most sought-after financial and commercial hub.”
MMRDA said Bandra Kurla Complex has seen strong interest in recent years from financial institutions, multinational corporations, and global investment firms seeking to establish a presence in the district.
According to the authority, this growing demand underscores BKC’s strategic location, robust infrastructure, and its evolution as the epicentre of India’s financial ecosystem.
MMRDA said it is focused on strengthening Mumbai’s commercial infrastructure by facilitating such strategic investments.
“The Authority looks forward to working closely with BSE to identify a suitable land parcel and finalise its allocation,” MMRDA said.
The proposed expansion is expected to further strengthen Mumbai’s stature as India’s financial capital while boosting commercial and institutional growth in BKC, the authority said.
