India, May 15 -- National Bank for Agriculture and Rural Development (NABARD) has acquired a prime commercial property in Mumbai's Bandra-Kurla Complex (BKC) from Mahanagar Telephone Nigam Limited (MTNL) in a transaction valued at Rs.350.72 crore, according to property registration documents accessed by CRE Matrix.

According to the documents, the transaction pertains to plot number R4 in the GN Block of BKC, and the deal was executed through a deed of assignment of leasehold property, registered on May 8, 2026.

The land parcel measures approximately 2,680 sq m, while the built-up area on the property is approximately 4,021.43 sq m. The transaction attracted a stamp duty payment of Rs.21.04 crore, according to the documents.

The origina...