Brookfield to invest $1 bn for Mumbai office block

CANADIAN INVESTOR AND developer Brookfield on Friday said it will develop a two million sq ft office project in Mumbai’s Powai district, investing about $1 billion (more than %9,000 crore) to build on a six-acre plot.

- RAGHAVENDRA KAMATH

The development will house a global capability centre (GCC) for a multinational bank under a 20-year agreement, which Brookfield said will make it the largest such project in Asia. The firm did not disclose the name of the bank.