Brookfield has announced plans for a landmark six-acre development in Powai, Mumbai, set to become one of Asia’s biggest global capability center projects. The site will offer two million square feet of office space and will house the largest GCC of a major multinational bank under a 20-year agreement. The project signals a fresh wave of confidence from global corporations looking at Mumbai as a long-term base for high-value operations.
The development will require more than one billion dollars in investments and is expected to create over 30,000 jobs once fully operational. Construction is targeted for completion in 2029. The project is being delivered through an agreement between the Mumbai Metropolitan Region Development Authority (MMRDA) and a venture led by Brookfield along with its partner, B. S. Sharma.
For Maharashtra, this announcement arrives at a moment when the State is actively positioning itself as India’s top destination for GCCs. The government has been pushing reforms that improve ease of doing business, expand infrastructure, and deepen the talent pool. The Powai project is being seen as a direct outcome of these efforts.
Chief Minister Devendra Fadnavis said the State’s new GCC Policy, introduced earlier this year, is designed to attract large, complex operations that can create skilled jobs. He added that developments at this scale reflect the growing confidence global companies have in Maharashtra’s economic direction and stability. The government, he said, remains focused on building a future-ready ecosystem where global enterprises can scale with ease.
Brookfield’s leadership echoed that view. Ankur Gupta, Deputy Chief Investment Officer and Head of Asia Pacific and Middle East Real Estate at Brookfield, said the Powai project aims to set a new benchmark for office development in Asia. He noted that the scale of the deal reinforces Maharashtra’s leadership in the GCC space and fits into Brookfield’s approach of delivering high-quality, sustainable workplaces. Brookfield already owns more than four billion dollars’ worth of real estate projects in Mumbai.
The company has been expanding its footprint in Maharashtra. In 2024, it completed a build-to-suit tower in Pune for the GCC of a large global financial services firm. Earlier this year, Brookfield also signed an MoU with MMRDA to bring twelve billion dollars of investment into the Mumbai Metropolitan Region. In June 2025, it acquired a 2.1-acre land parcel in Bandra Kurla Complex to develop a premium mixed-use property.
The upcoming Powai development will be built to high sustainability standards, including the goal of sourcing all its power from green energy. Its location within Powai’s established mixed-use ecosystem is another advantage. The district already offers strong connectivity, access to social infrastructure, and a large talent base that makes it one of Mumbai’s most preferred business hubs.
With this project, Brookfield is strengthening its position as one of the largest office owners and operators in India, managing around 55 million square feet across seven cities. For Mumbai, the new development adds scale, investment and jobs at a pace that pushes the city further into the global GCC map.
