December 16, 2025: Brookfield has announced a landmark investment of over Rs 9,000 crore to develop a 2 million sq ft global capability centre (GCC) in Mumbai’s Powai, set to become the largest GCC in Asia for a multinational bank. The project underscores Mumbai’s growing prominence as a global services hub and is expected to generate significant employment opportunities.
Maharashtra Chief Minister Devendra Fadnavis highlighted the scale and impact of the project, stating, “It (investment) will be more than $1 billion. One single project will create 45,000 jobs.” He also confirmed that discussions with Brookfield had reached an advanced stage and that a formal agreement would be signed shortly.
Brookfield confirmed that the facility will be built on a six-acre land parcel in Powai, a prime suburban business district. Slated for completion by 2029, the campus will offer approximately 20 lakh sq ft of lettable area under a 20-year lease agreement with the client. “This development will be the largest GCC facility in Asia,” Brookfield stated, adding that the project aligns with sustainability goals, with the entire power requirement to be sourced from green energy.
The project is being co-created with B S Sharma and developed in collaboration with the Mumbai Metropolitan Region Development Authority (MMRDA). Earlier this year, Brookfield signed a memorandum of understanding (MoU) with MMRDA to invest $12 billion across the Mumbai Metropolitan Region over time.
Ankur Gupta, Deputy CIO and Head of Real Estate for Asia Pacific and the Middle East at Brookfield, said, “The scale of the Powai project highlights Maharashtra’s leadership in the GCC segment.” Brookfield currently manages real estate assets worth over $4 billion in Mumbai, covering nearly 55 million sq ft of office space across Mumbai, Pune, Bengaluru, Gurugram, and Hyderabad.
The Powai GCC builds on Brookfield’s earlier success in Pune and reflects the growing trend of multinational corporations consolidating operations in India through large-scale, customised office campuses. “This project will further strengthen Mumbai’s position as a premier hub for global capability centres,” the company added, reinforcing the city’s role in India’s expanding commercial real estate landscape.
This Rs 9,000 crore investment marks a major milestone for Mumbai, combining scale, sustainability, and long-term economic impact in the heart of the city’s business ecosystem.
