SEBI Eyes Expansion in Mumbai's BKC To Accommodate Growing Workforce

Market regulator Securities and Exchange Board of India is actively scouting for additional office space in Mumbai's prominent area Bandra-Kurla Complex, to deal with its growing workforce, people in the know told NDTV Profit.

According to sources, the capital markets regulator adds approximately 100 employees every two years. This has created a need for expanded infrastructure. With this steady expansion in personnel, SEBI is making plans to secure more space in the city's financial nerve center.

The move comes at a time when major institutions in BKC are also upgrading their presence. Recently, the National Stock Exchange (NSE) — India's largest stock exchange — began transitioning its iconic headquarters into a massive data center. The exchange has relocated some of its operations to a new office nearby in BKC.

As reported previously, the Mumbai Metropolitan Region Development Authority (MMRDA) has allotted NSE a prime land parcel measuring over an acre in G Block of the commercial hub. The long-term lease spans more than 80 years, and the exchange will construct its new head office on this plot.

BKC, envisioned as a modern business district to decongest South Mumbai, was developed by MMRDA, which was appointed the Special Planning Authority for the region in 1977. The planning proposal was officially sanctioned by the Maharashtra government in 1979. Today, BKC covers a sprawling 370-hectare area and offers premium commercial space to institutions in financial services, IT, and related sectors.

Both SEBI's expansion and NSE's relocation underline the district's continuing relevance as the cornerstone of India's financial ecosystem.

A query sent to the regulator through email did not elicit a response till the time of publishing this story but any comments, if received, will be added.