Mumbai's New Corporate Destination

As Mumbai's most expensive corporate address, the Bandra-Kurla Complex, better known as the BKC, has been making news recently, courtesy the regularity of its record-breaking property deals. With big-ticket players like ICICI, BoB, SBI, NSE and UTI making their presence felt, it is also the city's new financial nerve-centre. And this may well be just the beginning as more corporate and realty majors line up to get a piece of this prime real estate in a land-starved city.

Rajesh Kulkarni

I t has been more than a decade since the Maharashtra government pegged the Bandra-Kurla Complex (BKC), as Mumbai's new Central Business District (CBD), but it has taken the turn of the new millennium and the relocation of financial sectors giants like the Bank of Baroda, ICICI, National Stock Exchange, SBI, BoI, ILFS and UTI, which moved their headquarters here, for BKC to justify this title. The past year has seen this commercial hub witnessing some stupendous action on the realty front with property deals being struck at record-breaking prices.