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Brookfield to build Asia's biggest GCC facility in Powai
Business Standard
|December 13, 2025
Brookfield Asset Management will invest $1 billion to develop Asia’s largest global capability centre (GCC) in Mumbai’s Powai, the New York-based global alternative asset manager said in a statement on Friday.
The infrastructure arm of Canada’s investment firm will develop the campus across 6 acres with 2 million square feet that can be let out. The development will house a GCC for a multinational bank for a 20-year term, it said.
The project is expected to be over by 2029, creating more than 30,000 jobs. It is being developed through an agreement between the Mumbai Metropolitan Region Development Authority (MMRDA) and a venture led by Brookfield, along with its partner B S Sharma.
Maharashtra Chief Minister Devendra said: “Maharashtra’s continued focus on talent, infrastructure, and a supportive business environment is strengthening the state’s position as a destination for GCCs. 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.”
This story is from the December 13, 2025 edition of Business Standard.
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