NPCI to Develop 5 Lakh Sq. Ft. Office Space in Mumbai BKC

NPCI to Develop 5 Lakh Sq. Ft. Office Space in Mumbai BKC

NPCI to Develop 5 Lakh Sq. Ft. Office Space in Mumbai BKC

The National Payments Corporation of India (NPCI) is planning to construct a 5 lakh sq. ft. office space in Bandra Kurla Complex (BKC), aiming to accommodate 5,000 employees, The project, expected to take three years to complete, will also serve as NPCI's consolidated headquarters, bringing together employees currently working in its rented BKC office and suburban locations in Jogeshwari and Goregaon.

With 1,000 of NPCI’s 2,000+ employees already based in Mumbai, the new facility will support the organization’s expansion in artificial intelligence and digital payments infrastructure. This development follows the Mumbai Metropolitan Region Development Authority (MMRDA) allotting a commercial plot in BKC last year, reinforcing the area’s position as India’s premier financial hub, home to major institutions like SBI, ICICI Bank, Citibank, and SEBI. Meanwhile, NPCI continues to see rapid growth in digital payments, with UPI now facilitating 8% of overall credit card spends, while the RuPay gateway accounts for 16% of total credit card transactions, with half occurring via UPI.

About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/