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NABARD buys MTNL lease rights for Mumbai BKC campus for Rs 35072 crore
India
Published on 15 May 2026
NABARD will take over liabilities tied to the lease
NABARD has acquired leasehold rights to a prominent two-building commercial campus in Mumbai’s Bandra-Kurla Complex from MTNL in a Rs 350.72 crore deal. The property spans nearly two-thirds of an acre with about 43,287 sq ft of built-up area across two buildings. An initial 80-year lease granted in 1998 runs until around April 2078; after MMRDA approvals, NABARD receives the remaining nearly 52 years. Registration in May attracted stamp duty of over Rs 21 crore.
- Deal value: Rs 350.72 crore for NABARD’s leasehold acquisition
- Campus includes two buildings and ~43,287 sq ft built-up area
- Land parcel covers nearly two-thirds of an acre in BKC
- Original lease from MMRDA to MTNL runs until around April 2078
- NABARD takes over nearly 52 years of unexpired lease tenure
- Stamp duty exceeded Rs 21 crore; NABARD bears liabilities from March 30
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times