Brookfield to invest $1Bn in Mumbai for Asia’s largest GCC
MUMBAI, INDIA — Global asset manager Brookfield is set to deepen its presence in India with a US$1 billion (around ₹9,000 crore) investment to develop what is being billed as Asia’s largest global capability center (GCC) in Mumbai.
According to a report from Mid-Day, this move is expected to generate 45,000 jobs and reinforce the city’s role as a key hub for multinational operations.
Maharashtra Chief Minister Devendra Fadnavis announced the project last December 12, saying discussions between the state government and Brookfield have already outlined a clear roadmap and that a formal agreement will be signed soon.
Mumbai GCC to bring jobs and green campus
The GCC will be developed on a six-acre site in Powai, one of Mumbai’s most sought-after business districts. The facility will offer around 20 lakh square feet of lettable space by 2029.
Brookfield has described the project as the largest of its kind in Asia and confirmed it has already secured a 20-year lease with a major multinational bank, underscoring strong demand from global firms.
The project is being executed under an agreement with the Mumbai Metropolitan Region Development Authority (MMRDA), with Brookfield partnering with B. S. Sharma for development.
In line with growing sustainability expectations from global occupiers, all power requirements for the GCC will be met through green and renewable energy sources.
Powai was selected for its mixed-use environment, strong connectivity, access to social infrastructure, and deep talent pool, factors that continue to attract large corporate campuses and technology-driven operations.
Brookfield expands India real estate footprint
The Mumbai project adds to Brookfield’s expanding footprint in India. The company recently delivered a build-to-suit tower in Pune for a global financial services firm and has outlined ambitious plans to scale up its India portfolio.
Earlier this year, Brookfield said it aims to triple its assets under management in the country to US$100 billion within five years, building on its current US$30 billion exposure across infrastructure, real estate, renewable power, and private equity.
It is also among the largest office owners in India, with about 55 million square feet spread across seven cities.
For Maharashtra, the investment aligns with a broader policy push. The state has introduced a dedicated GCC policy aimed at creating four lakh new jobs, with Mumbai and Pune positioned as focal points for future growth.
For the outsourcing industry, the project reflects how GCCs are evolving from back-office cost centers into strategic hubs supporting global functions such as technology, analytics, and finance.
Large, purpose-built campuses backed by long-term leases and sustainable infrastructure signal confidence in India’s talent ecosystem. As more multinationals look to consolidate and expand offshore capabilities, developments like Brookfield’s Powai GCC could set the tone for the next phase of growth in the global outsourcing and services landscape.
