Brookfield has unveiled plans for a 6-acre development in Powai, Mumbai, with a total lettable area of 2 million sq. ft. The project will house the largest global capability center (GCC) for a leading multinational bank under a 20-year agreement, making it Asia’s biggest such facility.
The development, expected to be completed by 2029, will attract investments exceeding $1 billion and generate more than 30,000 jobs. It is being executed in partnership with the Mumbai Metropolitan Region Development Authority (MMRDA) and Brookfield’s venture partner, Mr. B.S. Sharma.
The project underscores Maharashtra’s pro-investment climate, supported by infrastructure upgrades, ease of doing business, and talent availability. Built to market-leading sustainability standards, the center will source 100% green power and reinforce Mumbai’s position as a premier GCC hub.
Brookfield has already demonstrated its commitment to Maharashtra with a build-to-suit GCC tower in Pune in 2024 and a mixed-use property acquisition in Bandra Kurla Complex earlier this year. In total, Brookfield has pledged $12 billion of investments into the Mumbai Metropolitan Region.
Shri Devendra Fadnavis, Chief Minister of Maharashtra, noted that the State’s new GCC Policy is designed to attract large-scale, high-value operations that generate skilled employment and long-term growth. “Developments such as these reflect the growing confidence in Maharashtra’s trajectory,” he said.
Ankur Gupta, Deputy CIO and Head of Asia Pacific & Middle East Real Estate at Brookfield, added: “This iconic development sets a new benchmark for Asia’s office sector and validates Maharashtra’s leadership as a GCC hub. It aligns with our philosophy to create high-quality, sustainable workplaces with best-in-class specifications.”
Brookfield remains one of India’s largest office owners and operators, with 55 million sq. ft. across seven cities. The Powai project benefits from its strategic location within a thriving mixed-use ecosystem, offering connectivity, social infrastructure, and access to a strong talent pool.
