Brookfield to Build Asia’s Largest GCC in Maharashtra

Brookfield announced the development of an iconic 6-acre project in Powai, Mumbai with a total lettable area of 2 million square feet. The development will house the largest global capability center (GCC) for a marquee multinational bank spanning a 20-year term, making it Asia’s largest such project.

The project, to be completed by 2029, will attract investments of more than $1 billion and is expected to create more than 30,000 jobs. It is being developed through an agreement between Mumbai Metropolitan Region Development Authority (MMRDA) and a venture led by Brookfield along with its partner, B.S. Sharma.

The development reflects the strong confidence global businesses have in Maharashtra and Mumbai’s pro-investment environment, supported by the State’s focus on infrastructure, ease of doing business, and talent development. The project will be built to market-leading sustainability standards with a commitment to source 100 percent green power. It will further strengthen Mumbai’s position as a premier hub for global capability centers. In 2024, Brookfield had commissioned a similar build-to-suit tower in Pune, Maharashtra for the GCC of a large financial services corporate.

Earlier this year, Brookfield had signed a memorandum of understanding with MMRDA to bring in $12 billion of investments into Mumbai Metropolitan Region. In June 2025, it acquired a 2.1 acre parcel in Bandra Kurla Complex to create a high-quality mixed-use property.

Devendra Fadnavis, Chief Minister of Maharashtra, said, “Maharashtra’s continued focus on talent, infrastructure and a supportive business environment is strengthening the State’s position as a destination for global capability centres. The new GCC Policy we announced earlier this year, builds on this momentum and is designed to attract large-scale, high-value operations that generate skilled employment and long-term economic growth. Developments such as these reflect the growing confidence in Maharashtra’s trajectory, and we remain committed to ensuring that global enterprises find a stable, future-ready ecosystem as they expand their presence here.”

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Ankur Gupta, Deputy Chief Investment Officer and Head of Asia Pacific and Middle East, Real Estate, Brookfield, said, “We are pleased to undertake this iconic development, setting a new benchmark for the office sector in Asia. The scale of this project validates Maharashtra’s leadership position as a GCC hub for large multinational corporates. This announcement 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 workplaces with best-in-class specifications.”

Brookfield is one of the largest office owners and operators in India with approximately 55 million square feet across seven cities in India. Over the years, Brookfield has demonstrated a strong track record of developing and operating high-quality, Grade-A assets with market leading specifications. The proposed development benefits from its strategic location within Powai’s established mixed-use ecosystem, offering strong connectivity, access to social infrastructure, and a thriving talent catchment that continues to make it one of Mumbai’s most sought-after urban districts.