Brookfield Commits $1 Billion to Develop Global Capability Centre in Mumbai's Powai

India’s capability centre landscape is set for a major boost as Brookfield Asset Management announces a $1 billion investment to develop one of Asia’s largest Global Capability Centres (GCCs) in Mumbai’s Powai, as per The Economic Times report.  

Spread across 6 acres and offering 2 million sq ft of leasable space, the project is expected to be completed by 2029, adding more than 30,000 jobs to the region’s talent ecosystem. 

Maharashtra Strengthens its GCC Ambitions 

The development is being undertaken through an agreement between the Mumbai Metropolitan Region Development Authority (MMRDA) and a venture led by Brookfield alongside partner B S Sharma.  

The facility will be built for a multinational bank and will operate on a 20-year lease tenure, supported by a commitment to source 100% green power for operations. 

Brookfield Deepens Its Footprint in Mumbai’s Financial Hub 

Brookfield emphasised that the scale of the project underscores the region’s increasing importance to multinational corporations.  

Ankur Gupta, Deputy Chief Investment Officer and Head of Asia Pacific and Middle East, Real Estate, said, “The scale of this project validates Maharashtra’s leadership position as a GCC hub for large multinational corporations. This reinforces our commitment to Mumbai as India’s financial capital where we now own over $4 billion of real estate projects, and aligns with our philosophy to create high-quality, sustainable workplace.” 

The Powai site forms part of a wider mixed-use ecosystem offering strong connectivity, social amenities and access to a large workforce, key criteria for global firms establishing capability centres. 

Growing Real Estate and Investment Footprint 

Brookfield has rapidly expanded its India portfolio in recent years. In 2024, it commissioned a build-to-suit tower in Pune for a financial services GCC.  

It also signed an MoU with MMRDA earlier this year to bring in $12 billion of investments into the Mumbai Metropolitan Region and acquired a 2.1-acre parcel in Bandra Kurla Complex for a mixed-use development.  

Across India, the firm now manages 55 million sq ft of office assets across seven major cities. 

Read More: Maharashtra Government Announces 2026 Public Holiday Calendar! 

Conclusion 

Brookfield’s $1 billion Powai investment signals a new chapter in India’s GCC evolution, combining large-scale infrastructure, green commitments and long-term economic impact. With strong state support and rising global interest, Mumbai continues to position itself as a premier hub for next-generation capability centres. 

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