NSE to Convert HQ into Captive Data Center and Relocate to New Office in Mumbai

NSE to Convert HQ into Captive Data Center and Relocate to New Office in Mumbai

NSE to Convert HQ into Captive Data Center and Relocate to New Office in Mumbai

The National Stock Exchange (NSE) plans to convert its iconic headquarters in Mumbai's Bandra-Kurla Complex (BKC) into a large captive data center. The exchange will relocate to a newly allotted site in G Block of BKC, where it will build a new, consolidated headquarters. This move comes as part of NSE’s growth strategy to accommodate its expanding operations.

The Maharashtra government, through the Mumbai Metropolitan Region Development Authority (MMRDA), has allocated a prime land parcel of over an acre in G Block to NSE on a long-term lease of more than 80 years. This new office is expected to be completed within three years after obtaining the necessary approvals.

NSE’s current headquarters, located at Exchange Plaza, spans approximately 183,000 square feet and has been a key part of Mumbai’s financial district for years. However, as part of its expansion, NSE has already leased nearly 175,000 square feet of office space in the Adani Inspire tower in BKC and operates from two other locations, including a commercial complex in Ghatkopar and Equinox Business Park.

The new headquarters will consolidate all of NSE’s operations, including its critical information technology division, under one roof. This transformation reflects the NSE’s ambitions to adapt to its rapid growth and the evolving needs of India’s largest stock exchange.

NSE, which began operations in 1994, has grown to become one of the largest stock exchanges globally, with a dominant presence in derivatives trading and market capitalization.

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/