Brookfield Plans $1 Billion Investment for Asia’s Biggest GCC in Mumbai’s Powai

Global alternative investment giant Brookfield Asset Management intends to invest $1 billion to build Asia's largest global capabilities centre (GCC) on a 6-acre plot of property in the Powai suburb of Mumbai, with a total leasable area of 2 million square feet. Over 30,000 jobs are anticipated to be created by the project, which is scheduled to be finished by 2029.

The Mumbai Metropolitan Region Development Authority (MMRDA) and a partnership headed by Brookfield and its partner B.S. Sharma have an agreement in place for the project. Maharashtra's chief minister, Devendra Fadnavis, stated that the state's standing as a location for global capability centres is being reinforced by its ongoing emphasis on talent, infrastructure, and a welcoming business environment. Building on this momentum, the state unveiled a new GCC Policy earlier this year that aims to draw in large-scale, high-value companies that create skilled jobs and sustain economic growth.

New Facility to Harbor Multinational Banks

The facility will be constructed for a global bank with a 20-year lease term. As part of the development, 100% green power will be sourced. The size of this project confirms Maharashtra's leadership role as a GCC hub for major global organisations, according to Ankur Gupta, Deputy Chief Investment Officer and Head of Asia Pacific and Middle East, Real Estate, Brookfield.

This supports Brookfield's dedication to Mumbai, the financial hub of India, where the company currently owns more than $4 billion worth of real estate developments, and is consistent with its mission to build sustainable, high-quality workplaces.

Brookfield's Operations in Maharashtra

A build-to-suit tower in Pune was put into operation by Brookfield in 2024 for a financial services company's GCC. It and MMRDA inked a memorandum of understanding earlier this year to spend $12 billion in the Mumbai Metropolitan Area. It purchased a 2.1-acre plot of land for a mixed-use building in the Bandra Kurla Complex in June.

With 55 million square feet spread across seven Indian cities, Brookfield is one of the biggest office owners and operators in the country. With social infrastructure, communication, and access to a vast talent pool, the Powai site is a part of a mixed-use ecosystem.