Bharat Diamond Bourse
Encyclopedia
Bharat Diamond Bourse is world largest diamond bourse(exchange) based in Mumbai
, Maharashtra
, India
. Spread over 20 acre plot, the Complex is designed to house around 2,500 small and large Diamond Traders in addition to Custom House, Banks and other service providers who will cater to the Gem and Jewellery Trade. There are 8 towers each 9 floors. The total constructed area is 2000000 sq ft (185,806.1 m²). with two basements of additional 1000000 sq ft (92,903 m²). The facilities at BDB will include offices of diamond traders, four walk-in vaults, 24,500 safe deposit boxes, a 6200 square feet (576 m²) trading floor, strong rooms, lockers, customs clearance facilities with all the modern facilities required to carry day to day business.
It is located in G Block of Bandra Kurla Complex, Mumbai
. It expected to have inflow of more than 20,000-30,000 people daily.
given 20 acre for 80 years lease. The project initially involved public sector Minerals and Metals Trading Corporation
. It withdrew from the project later and BDB taken it from there. Then it was re-started in 1992. But disputes between the BDB committee, its architects and contractors and payment defaults by members during the 1995-99 property slump put the project on hold in 1998. It was restarted in 2001. The construction cost of an estimated was collected from members.
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, Maharashtra
Maharashtra
Maharashtra is a state located in India. It is the second most populous after Uttar Pradesh and third largest state by area in India...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. Spread over 20 acre plot, the Complex is designed to house around 2,500 small and large Diamond Traders in addition to Custom House, Banks and other service providers who will cater to the Gem and Jewellery Trade. There are 8 towers each 9 floors. The total constructed area is 2000000 sq ft (185,806.1 m²). with two basements of additional 1000000 sq ft (92,903 m²). The facilities at BDB will include offices of diamond traders, four walk-in vaults, 24,500 safe deposit boxes, a 6200 square feet (576 m²) trading floor, strong rooms, lockers, customs clearance facilities with all the modern facilities required to carry day to day business.
It is located in G Block of Bandra Kurla Complex, Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
. It expected to have inflow of more than 20,000-30,000 people daily.
History
In 1984, The project was started by a group of Mumbai based diamond traders. Mumbai Metropolitan Region Development AuthorityMumbai Metropolitan Region Development Authority
Mumbai Metropolitan Region Development Authority , commonly abbreviated as MMRDA, is a body of the Government of Maharashtra that is responsible for the infrastructure development of the Mumbai Metropolitan Region...
given 20 acre for 80 years lease. The project initially involved public sector Minerals and Metals Trading Corporation
Minerals and Metals Trading Corporation of India
Minerals and Metals Trading Corporation of India Ltd. is one of the two highest earners of foreign exchange for India and India's largest public sector trading body...
. It withdrew from the project later and BDB taken it from there. Then it was re-started in 1992. But disputes between the BDB committee, its architects and contractors and payment defaults by members during the 1995-99 property slump put the project on hold in 1998. It was restarted in 2001. The construction cost of an estimated was collected from members.