India, July 6 -- The National Payments Corporation of India (NPCI) has acquired a 1.5 acre land parcel from Mumbai Metropolitan Region Development Authority (MMRDA) in Mumbai's Bandra-Kurla Complex (BKC) for Rs.829.43 crore to set up its headquarters, according to property registration documents accessed by Propstack.

NPCI has signed an 80-year lease agreement with MMRDA and will construct a 16-storey office building on the site, the documents showed.

The transaction includes the amalgamated plots C-44 and C-48 in G Block of BKC, India's most expensive commercial district. The lease permits a maximum built-up area of 24,076.4 sq. m. (approximately 2.59 lakh sq. ft.), as per the documents.

According to Propstack, NPCI's board resolution...