Brookfield to invest over ₹9000 crore to build Asia’s largest GCC in Mumbai’s Powai
Mumbai real estate: Brookfield to invest over ₹9,000 crore to build a 2 mn sq ft of GCC in Mumbai’s Powai, one of Asia’s largest GCC for a multinational bank
Maharashtra Chief Minister Devendra Fadnavis said on December 12 that global asset manager Brookfield is set to invest around ₹9,000 crore to create a global capability centre (GCC) facility in the state.
Fadnavis said a formal agreement for the GCC, which will create a total of 45,000 jobs, will be signed in due course, pointing out that the government and Brookfield have zeroed in on a plan in discussions, PTI reported.
"It (investment) will be more than $1 billion. One single project will create 45,000 jobs," Fadnavis told reporters on the sidelines of an event here.
Later, the company said in a statement that it plans to invest over ₹9000 crore to build a 2 million sq ft global capability centre (GCC) in Mumbai’s Powai, a project slated to become Asia’s largest GCC for a multinational bank.
Brookfield said it has partnered with one B S Sharma for the project, and added that the project is being developed through an agreement between the Mumbai Metropolitan Region Development Authority (MMRDA).
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The project is spread over six acres in suburban Powai, and will see construction of a "lettable area" of 20 lakh sq ft by 2029, the statement said.
The facility will be the largest in Asia and Brookfield has signed up with a multinational bank for a lease having a 20-year term, the statement said, adding that the entire power requirements for the GCC will be met through green sources.
“It will further strengthen Mumbai’s position as a premier hub for global capability centres. In 2024, Brookfield had commissioned a similar build-to-suit tower in Pune, Maharashtra for the GCC of a large financial services corporate,” the statement said.
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Brookfield-led venture partnered with BS Sharma.
Earlier this year, Brookfield signed an MoU with MMRDA to invest $12 billion across the Mumbai Metropolitan Region. In June 2025, it purchased a 2.1-acre land parcel in Bandra Kurla Complex for a mixed-use project.
Ankur Gupta, Deputy CIO and Head of Real Estate for Asia Pacific and the Middle East at Brookfield, said the scale of the project reinforces Maharashtra’s leadership as a GCC destination. He also said that Brookfield now owns over $4 billion worth of real estate assets in Mumbai alone.
A GCC refers to a Global Capability Centre, a crucial offshore unit of a multinational company handling functions like IT, Finance, or R&D to leverage global talent and cut costs.
To date, Brookfield manages approximately 55 million square feet of Grade A office space across several Indian cities.
