Mumbai's commercial real estate landscape is set for a major transformation as global asset management giant Brookfield Asset Management announces an investment exceeding ₹9,000 crore to develop Asia's largest Global Capability Centre (GCC) in Powai. The landmark project reinforces Mumbai's growing stature as a global business services hub and positions Powai as one of the city's most important emerging commercial destinations.

Brookfield's planned investment, valued at over $1 billion, will be deployed to develop a large-scale, state-of-the-art GCC campus on a six-acre land parcel in Powai. The proposed development will offer close to 2 million square feet of Grade A office space, making it the largest GCC facility in Asia once completed.

The project is being developed in partnership with the Mumbai Metropolitan Region Development Authority (MMRDA) under a long-term lease structure. The facility is intended to cater to a leading multinational banking and financial services institution, with a lease tenure extending up to 20 years, reflecting strong long-term commitment and occupancy stability.

Construction of the GCC campus is expected to progress in phases, with the overall project targeted for completion by 2029. Once operational, the centre will function as a consolidated global operations and technology hub, supporting a wide range of business-critical functions including technology development, finance operations, data analytics, risk management, and back-office services.

The scale and design of the project align with global benchmarks for capability centres, with a strong emphasis on modern infrastructure, digital readiness, employee well-being, and operational efficiency.

One of the most significant outcomes of Brookfield's Powai GCC will be large-scale job creation. The project is expected to generate over 30,000 direct and indirect employment opportunities, spanning high-skilled technology roles, finance professionals, operations staff, and support services.

Beyond direct employment, the development is likely to stimulate economic activity across allied sectors such as real estate services, hospitality, retail, transport, and urban infrastructure. This positions the project as a major economic catalyst for the Mumbai Metropolitan Region.

India has rapidly emerged as a preferred destination for Global Capability Centres, and Mumbai continues to attract global corporations due to its deep talent pool, financial ecosystem, and global connectivity. Brookfield's investment further strengthens Maharashtra's and Mumbai's position in the global GCC landscape, complementing existing technology and financial services clusters across the city.

The project also reflects sustained global confidence in India's long-term growth story, particularly in high-value services and digital transformation roles.

Sustainability is a key pillar of the Powai GCC development. Brookfield plans to power the facility using renewable energy sources, aligning the project with global environmental standards and corporate sustainability goals. The campus is expected to incorporate energy-efficient building systems, modern water management practices, and green design elements to reduce its environmental footprint.

This focus on sustainable development aligns with the increasing demand from multinational occupiers for environmentally responsible commercial real estate.

Powai has steadily evolved from a predominantly residential locality into a strategic commercial and mixed-use hub. Its proximity to key business districts, access to skilled talent, improving infrastructure, and established social amenities make it an attractive destination for large-scale corporate developments.

Brookfield's GCC project is expected to significantly elevate Powai's commercial profile, drive demand for Grade A office space in the vicinity, and boost surrounding residential and retail markets. Over time, this development is likely to redefine Powai's role within Mumbai's broader business ecosystem.

Brookfield's ₹9,000+ crore commitment marks one of the largest single commercial real estate investments in Mumbai in recent years. The project underscores the city's enduring appeal to global investors and highlights the growing importance of Global Capability Centres in shaping India's commercial real estate future.

As construction progresses, the Powai GCC is poised to become a defining landmark, not just for the suburb, but for Mumbai's evolution as a global business and technology hub.