Brookfield to Invest 1 Billion in Asias Largest GCC at Powai Mumbai

Author: Ajjay Bhagyakar | Published by: Griha Realty

Source: x.com

Brookfield to Invest $1 Billion in Asia’s Largest GCC at Powai, Mumbai

Brookfield to Invest $1 Billion in Asia’s Largest GCC at Powai, Mumbai

Source: X.com

Mumbai continues to cement its place as India’s premier business and innovation hub as global investment giant Brookfield Corporation announces a major new project in the city. The firm is set to develop Asia’s largest Global Capability Centre (GCC) on a six-acre site in Powai, with an investment of over USD 1 billion (approx ₹9,000 crore). Hindustan Times+1

The announcement was made by Maharashtra Chief Minister Devendra Fadnavis, who confirmed that the state government will soon sign a memorandum of understanding (MoU) with Brookfield to formalize the plans. Hindustan Times

Project Highlights ( Brookfield to Invest 1 Billion in Asias Largest GCC at Powai Mumbai )

🔹 Investment: Over $1 billion to develop Asia’s largest GCC facility. The Economic Times

🔹 Location: A strategically chosen six-acre plot in Powai, Mumbai. Hindustan Times

🔹 Completion Target: 2029. The Economic Times

🔹 Total Built-Up Area: Approx 2 million sq. ft. of office space. The Economic Times

🔹 Lease Partner: A major multinational bank has signed a 20-year lease for the space. The Economic Times

Employment and Economic Impact

The Powai centre is expected to generate significant employment opportunities:

• 15,000 direct jobs and around 30,000 indirect jobs, adding up to 45,000 new roles for local talent. Hindustan Times+1

This level of job creation reinforces Mumbai’s growing stature as a preferred destination for high-value corporate operations and global service delivery. Hindustan Times

Strategic Importance

Global Capability Centres are offshore units where multinational companies centralize key functions such as technology, finance, analytics, R&D, and shared services. These centres harness India’s skilled workforce and innovation ecosystem while optimizing global operations — a trend that has accelerated in recent years. The Times of India

Brookfield’s new GCC is not only one of the largest in Asia but also stands as a landmark project that could attract further foreign investments to Maharashtra and India’s corporate services landscape. Business Standard

Broader Growth Story

Brookfield’s decision underscores Mumbai’s strength as India’s financial capital and its continued rise as a global corporate hub. The firm already owns billions of dollars worth of real estate across the city and remains committed to long-term growth here. Hindustan Times ( Brookfield to Invest 1 Billion in Asias Largest GCC at Powai Mumbai )