Brookfield's ₹9,000 Crore Investment: Building Asia's Largest GCC in Mumbai

Mumbai is set to witness a historic investment as Brookfield plans to build Asia’s largest GCC (Global Capability Centre) in Powai. The project, estimated at over ₹9,000 crore, is expected to create 45,000 jobs and significantly enhance the city’s status as a global business hub. With a focus on modern infrastructure and sustainable practices, this development promises to reshape Powai’s urban landscape while attracting top talent and multinational companies.

Spanning six acres, the new GCC facility will offer a lettable area of 20 lakh sq ft by 2029. Brookfield has partnered with B S Sharma for this project and collaborated with the Mumbai Metropolitan Region Development Authority (MMRDA) to ensure smooth execution. The facility will house a multinational bank under a 20-year lease, emphasizing the scale and long-term viability of this strategic investment.

Powai stands out as one of Mumbai’s most sought-after districts. Its strong connectivity, thriving talent catchment, and access to social infrastructure make it an ideal choice for such a large-scale development. The mixed-use ecosystem in Powai ensures businesses, employees, and residents benefit from a well-integrated urban environment. This project reinforces Powai’s position as a premium business destination.

A key highlight of Brookfield’s GCC is the creation of 45,000 jobs, spanning technology, finance, operations, and management roles. The facility is expected to attract a diverse talent pool, supporting both domestic and international professionals. This massive job creation initiative aligns with the Maharashtra government’s GCC policy aimed at generating 4 lakh new jobs, further strengthening Mumbai’s reputation as a career hub.

Brookfield has emphasized that the facility’s entire power requirement will come from green sources, reflecting a strong commitment to sustainability. By integrating eco-friendly practices, the GCC aims to set a benchmark for future commercial real estate developments. The project not only focuses on creating state-of-the-art office spaces but also ensures environmental responsibility, aligning with global trends in green infrastructure.

Brookfield Asset Management has been active in India for 15 years and currently manages approximately USD 30 billion across infrastructure, real estate, renewable power, and private equity businesses. The company has already commissioned similar build-to-suit towers, such as a GCC facility in Pune for a major financial services corporation. With assets under management set to triple to USD 100 billion in India over the next five years, this Mumbai investment strengthens Brookfield’s presence in the country.

Global Capability Centres are offshore units designed to support multinational operations across functions such as finance, technology, analytics, and customer support. By developing India-based GCCs, companies like Brookfield provide multinationals with cost-effective, high-quality talent and infrastructure. This strategic investment not only supports global business operations but also enhances India’s role as a preferred destination for corporate services.

The GCC in Powai is expected to generate substantial economic benefits, including increased demand for commercial real estate, retail, hospitality, and ancillary services. Local businesses will benefit from higher economic activity, and property values in the region may see a positive impact. Additionally, the project will contribute to Mumbai’s goal of becoming a global business hub by providing world-class office infrastructure and creating large-scale employment opportunities.

Brookfield’s project marks a new era in Mumbai’s commercial real estate landscape. With Asia’s largest GCC, Powai is likely to become a magnet for multinational companies seeking modern office spaces. Sustainable design, high-quality infrastructure, and strategic location will attract a skilled workforce, fostering innovation and economic growth. Over time, the project will enhance Mumbai’s standing as a city that blends business excellence with urban sustainability and social infrastructure.

Brookfield’s ₹9,000 crore investment to build Asia’s largest GCC in Powai will transform Mumbai’s business ecosystem. The project will provide state-of-the-art office spaces, generate 45,000 jobs, and set a benchmark for sustainable commercial real estate. Powai’s strategic location, connectivity, and talent availability make it an ideal site for this development. This GCC will not only bolster Mumbai’s economy but also strengthen its position as a global business hub, attracting multinational companies and top professionals for years to come.