NPCI Expands Operations with Premium Office Lease at Oberoi Commerz III.
Mumbai, January 2025 – The National Payments Corporation Of India (NPCI) has taken a strategic step in its growth journey by leasing two high-end office floors in Oberoi Commerz III, Goregaon East. This move reinforces NPCI’s commitment to strengthening its operational infrastructure amid India’s digital payment boom.
The lease, formalized in November 2024, secures the 27th and 28th floors of the commercial tower, covering a chargeable area of 115,332 square feet and a carpet area of 80,732 square feet. NPCI will pay a monthly rent of ₹2.15 crore, totaling ₹25.9 crore annually, with a rental escalation of 15% after three years. A nine-month security deposit is also part of the agreement. The new office is set to become operational on February 25, 2025.
Oberoi Commerz III, a prominent corporate hub, offers cutting-edge facilities and prime connectivity, making it an ideal choice for top-tier enterprises. This expansion aligns with NPCI’s mission to scale its capabilities, ensuring seamless digital transactions and financial inclusion as India advances toward a cashless economy.
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Real Estate | Digital Infrastructure | Acquisitions
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