The National Stock Exchange of India has unveiled the architectural design of the headquarters it proposes to build in Mumbai's Bandra Kurla Complex, posting images of the Hafeez Contractor-designed building on X on Monday and calling it a landmark in the making.
The exchange said the building is intended to reflect innovation and ambition and the country's growing standing in global financial markets. In the post NSE described the proposal as a new landmark set to redefine the city's skyline and a vision for the future, linking it to the growth of Indian capital markets.
Renderings show an angular structure whose upper mass tilts outwards above a glass-fronted base, with horizontal bands across the facade in saffron, white and green, and the building lit up at night. At ground level a globe-like installation carries a map of India with the NSE logo.
The project is planned on plots C-81 and C-82 in Block G of BKC. The two plots together measure roughly 10,995 square metres and were allotted to the exchange by the Mumbai Metropolitan Region Development Authority on an 80-year lease. The allotment has been reported to carry a combined premium of about Rs 1,684 crore, a figure the exchange has not confirmed.
Work is at an early stage. The design had already been shown at a bhoomi pujan ceremony on 3 November, held ahead of construction and attended by Chairperson Srinivas Injeti and Managing Director and CEO Ashishkumar Chauhan; the images and a rendering video went out on Monday, so accounts differ on when the design was first made public. NSE said the project would support its long-term growth and expansion, without giving a construction cost, a total built-up area or a completion date.
The exchange functions from Exchange Plaza, also in BKC, and has been planning a move as part of longer-term expansion. Earlier reports have said the existing premises is expected to be turned into a captive data centre and an events venue; no timeline has been announced.
BKC is among Mumbai's main financial and business districts, developed by MMRDA as a growth centre to ease the concentration of offices in the south of the city. NSE's current building stands there alongside the headquarters of several banks, and more than four lakh people are estimated to work in offices across the complex.
The design release is a step forward in the exchange's plan for a new home in the financial district, but the cost, size and schedule remain unanswered, and NSE has not said when it expects to move in.
(With inputs from media reports)